News & Event


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 0 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 0 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 0 times
July 18 2019
Bank Mandiri books net profit of Rp 13.5 trillion in H1
PT Bank Mandiri Tbk announced that its net profit grew 11.1 percent year on year (yoy) to Rp 13.5 trillion (US$965.59 million) in the first half of 2019 as a result of net interest income growth. Man... Read more
The Jakarta Post - Read 4 times
July 18 2019
Pertamina evacuates offshore gas platform after 'well kick'
PT Pertamina recently halted operations and removed workers from a gas drilling platform in the Offshore North West Java (ONWJ) block because of a dangerous "well kick". ONWJ block operator Pertamina ... Read more
The Jakarta Post - Read 6 times
July 18 2019
Garuda Indonesia Bans Photos on Board Its Flights After Bad Review From Vlogger
PT Garuda Indonesia Tbk announced it would ban both passengers and crew from taking any photograph or video on board its flights after a famous Indonesian vlogger posted a devastating review of t... Read more
The Jakarta Post - Read 6 times
July 18 2019
Mitsubishi invests in GoJek to face future challenges, says CEO
On July 8th, Mitsubishi Motors Corporation (MMC) has announced its partnership with Indonesian startup company GoJek. MMC Chairman Osamu Masuko said that the automotive company is looking forward to t... Read more
Tempo - Read 6 times
July 18 2019
Tereos FKS to invest US$ 100 million
PT Tereos FKS Indonesia allocates investment fund worth US$ 100 million in this year. The fund will be used to increase production capacity of its factory in Cilegon, Banten, from 1,000 metric tons pe... Read more
Kontan - Read 5 times
July 18 2019
Acset Indonusa obtains Rp 1.44 trillion new contracts
PT Acset Indonusa Tbk eyes some infrastructure projects such as engineering, procurement and construction (EPC) for power plants. Maria Cesilia Hapsari, corporate secretary of the company, said until ... Read more
Kontan - Read 5 times
July 18 2019
Arwana’s sales dominated by mid-segments
PT Arwana Citramulia Tbk recorded positive performance during first semester of this year. The company’s sales hike 13% year-on-year (yoy) to Rp 1.04 trillion from the previous’ Rp 923.52 billion.... Read more
Kontan - Read 0 times
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