News & Event


November 23 2017
Pertamina rejects two mandated blocks
PT Pertamina officially washed its hands of two oil and gas blocks given by the government, namely the East Kalimantan and Attaka blocks, as they were deemed economically unfeasible under the newly in... Read more
The Jakarta Post - Read 1 times
November 23 2017
Cost of Jakarta LRT project set to bloat
The government is in the process of recalculating the funds needed to build the Greater Jakarta light rail transit (LRT) syatem, as it turns out that the project’s cost will jump drastically from in... Read more
The Jakarta Post - Read 1 times
November 23 2017
Campina set to become RI’s first listed ice cream maker
PT Campina Ice Cream Industry is preparing to become the first among its peers to list its shares on the Indonesia Stock Exchange (IDX) following the announcement of its initial public offering (IPO) ... Read more
The Jakarta Post - Read 0 times
November 23 2017
Go-Jek launches Go-Bills service
Go-Jek, a popular application-based ride-hailing platform, has launched a new service, Go-Bills, which allows users to pay health care and electricity bills through its built-in digital wallet Go-Pay... Read more
The Jakarta Globe - Read 1 times
November 23 2017
Indonesia's new mining holding company to control $6.6b in assets
Indonesia's plan to establish a holding company for state-owned miners could create a new giant with Rp 90 trillion ($6.6 billion) in assets, putting the miners in a better position to raise new fundi... Read more
The Jakarta Globe - Read 1 times
November 23 2017
Air Asia launches new direct flights to Singapore from Medan, Padang
Air Asia, Southeast Asia's largest budget airline, announced new direct flights from Singapore to Sumatra’s capital cities Medan and Padang. The new flights will start operations in February 2018 ... Read more
The Jakarta Globe - Read 1 times
November 23 2017
Hexindo sees sales target of 1,300 units
PT Hexindo Adiperkasa Tbk is still optimist to reach this year’s sales target amid more competitive business of heavy equipment. The company previously targeted to sell 1,300 units of heavy equipmen... Read more
Kontan - Read 1 times
November 23 2017
TRAM pockets Rp 3.13 trillion of loan
PT Trada Alam Minera Tbk (TRAM) signed a loan facility agreement with UOB Kay Hian Credit Pte Ltd in 21 November 2017 totaled Rp 3.13 trillion. The fund will be allocated to buy 49.9% shares of PT SMR... Read more
Kontan - Read 1 times
November 23 2017
Bungasari allots US$40 million for new factory
PT Bungasari Flour Mills has allocated capital expenditure worth US$40 million for establishment of new factory in Cilegon next year. The company plans to increase production capacity annually in next... Read more
Bisnis Indonesia - Read 0 times
November 22 2017
Goldman Sachs ordered to pay US$24 million
An Indonesian court ordered Goldman Sachs Group Inc. to pay Rp320.8 billion in damages to the founder of PT Hanson International Tbk, for what was ruled to be an “illegal transaction” to buy share... Read more
The Jakarta Post - Read 2 times
To Top