News & Event


January 14 2020
Energy Ministry picks DMO option to lower industrial gas prices
The Energy and Mineral Resources Ministry has chosen to pursue a combination of a domestic market obligation (DMO) and fiscal incentives to reduce industrial gas prices in the hope of fulfilling a fo... Read more
The Jakarta Post - Read 6 times
January 14 2020
Medco set to issue $650m in global bonds to refinance debts
PT Medco Energi Internasional Tbk, a listed oil and gas company controlled by Indonesian tycoon Prajogo Pangestu, plans to raise up to $650 million from dollar-denominated bonds later this month to re... Read more
The Jakarta Globe - Read 6 times
January 14 2020
Mahfud MD: two state insurance firms corruption are linked
The Coordinating Minister of Politics, Law, and Security Affairs, Mahfud MD, said he found similarities between two massive cases of alleged corruption in two state-owned insurance companies; the As... Read more
Tempo - Read 0 times
January 14 2020
Jiwasraya default: govt set to establish agency to insure policies
Deputy Finance Minister Suahasil Nazara said that the government continues to prepare to establish an agency that can act as a guarantor for insurance policies Insurance Agency. Suahasil said that the... Read more
Tempo - Read 0 times
January 14 2020
Millenium Pharmacon targets income growth 15% in 2020
PT Millenium Pharmacon International Tbk is targeting income growth by 15% with a net profit increase of 30% throughout this year. Until third quarter of last year, the company’s sales totaled Rp 2.... Read more
Kontan - Read 5 times
January 14 2020
Wijaya Karya (WIKA) eyes new contracts Rp 65 trillion in 2020
PT Wijaya Karya Tbk (WIKA) targets new contracts around Rp 65 trillion in this year. The value is higher than the last year’s target valued Rp 61.74 trillion. Director of Wijaya Karya Tumiyana said ... Read more
Bisnis Indonesia - Read 5 times
January 14 2020
Arwana Citramulia to allocate capex Rp 165 billion
PT Arwana Citramulia Tbk is allocating capital expenditure (capex) worth Rp 165 billion in this year. Chief Operating Officer (COO) Arwana Citramulia Edy Suyanto said the capital expenditure will be u... Read more
Bisnis Indonesia - Read 6 times
January 14 2020
CTRA booked marketing sales Rp 6.1 trillion in 2019
PT Ciputra Development Tbk has exceeded the 2019 marketing sales target totaled Rp 6.1 trillion. Ciputra Development's Independent Director Tulus Santoso said that by the end of 2019 the company had p... Read more
Bisnis Indonesia - Read 6 times
January 10 2020
Jiwasraya could have knock-on effect on financial sector
High-ranking officials have expressed concern that the fiasco at state-owned insurance company Asuransi Jiwasraya will undermine faith among the public and investors in the country’s financial insti... Read more
The Jakarta Post - Read 8 times
January 10 2020
Garuda redirects Europe flights from Iran's airspace
PT Garuda Indonesia Tbk rerouted its flights to Europe to circumvent the airspace over Iran, after the US Federal Aviation Administration (FAA) banned the country's operators from flying over the airs... Read more
Antaranews - Read 7 times
To Top