News & Event


July 19 2019
Astra faced with new normal as new brands eat up share
The nation’s largest automotive company, Astra International, saw its market share decline to its lowest level in eight years at 45 percent in June, as new brands are offering better value amid over... Read more
The Jakarta Post - Read 10 times
July 19 2019
Pertamina to get 30% stake in Corridor block, lawmaker reveals
PT Pertamina will reportedly get a 30 percent stake in the Corridor block in South Sumatra, one of the country’s largest gas blocks. The current contract for the block expires in 2023. “I have rec... Read more
The Jakarta Post - Read 9 times
July 19 2019
Business watchdog to hold hearing for Grab, partner
The Business Competition Supervisory Commission (KPPU) said it would schedule a hearing for ride-hailing app Grab Indonesia and its business partner, PT Teknologi Pengangkutan Indonesia (TPI), after t... Read more
The Jakarta Post - Read 12 times
July 19 2019
S&P upgrades Lippo Karawaci's debt rating after successful $787m rights issue
Global rating agency Standard & Poor's Financial Services has lifted the debt rating of Lippo Karawaci, one of Indonesia's largest property companies, after a successful rights issue ensures improvem... Read more
The Jakarta Globe - Read 8 times
July 19 2019
PT KAI to revive 4 train routes in West Java soon
President Director of PT Kereta Api Indonesia (KAI), Edi Sukmoro, said his corporate would expedite the reactivation process of four inoperative train routes in West Java this year. “The four rou... Read more
Kontan - Read 10 times
July 19 2019
PT Timah disburses 60% capex
PT Timah Tbk is allocating Rp 2.58 trillion for this year’s capital expenditure (capex) or 118.64% higher than last year’s allocation at Rp 1.18 trillion. Abdullah Umar Baswedan, corporate secreta... Read more
Kontan - Read 10 times
July 19 2019
Pertamina injects US$300m to boost upstream production
In a bid to reach the full-year production target of 922,000 barrels of oil equivalent per day (boepd), state-owned energy giant Pertamina recently increased its upstream budget by 10 percent from US$... Read more
The Jakarta Post - Read 0 times
July 19 2019
Astra faced with new normal as new brands eat up share
The nation’s largest automotive company, Astra International, saw its market share decline to its lowest level in eight years at 45 percent in June, as new brands are offering better value amid over... Read more
The Jakarta Post - Read 0 times
July 19 2019
Pertamina to get 30% stake in Corridor block, lawmaker reveals
PT Pertamina will reportedly get a 30 percent stake in the Corridor block in South Sumatra, one of the country’s largest gas blocks. The current contract for the block expires in 2023. “I have rec... Read more
The Jakarta Post - Read 0 times
July 19 2019
Business watchdog to hold hearing for Grab, partner
The Business Competition Supervisory Commission (KPPU) said it would schedule a hearing for ride-hailing app Grab Indonesia and its business partner, PT Teknologi Pengangkutan Indonesia (TPI), after t... Read more
The Jakarta Post - Read 0 times
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