Minister of Finance Continues Improving Taxation Sector
JAKARTA (Yosefardi) – In the relationship between the state and its people, there are essential and emotional matter related taxes. According to Minister of Finance Sri Mulyani Indrawati, bridging the relationship of citizens and the country becomes an arduous task.
read moreBI Amends Loan-To-Value Ratio (LTV) and Financing-To-Value Ration (FTV)
The central bank, Bank Indonesia (BI), again honed the loan-to-value ratio (LTV) and financing-to-value ratio (FTV) on housing loans, as well as downpayments on motor vehicle loans in order to stimulate the bank intermediation function while maintaining prudential principles and consumer protection.
read moreMandiri Tunas Finance Plan Bonds Issue Rp500 Billion
JAKARTA (Yosefardi) – Financing firm PT Mandiri Tunas Finance plans to this month issue bonds worth Rp500 billion, part of its Rp3 trillion bond issue program.
read moreBanking Lending Growth Slows in July
JAKARTA (Yosefardi) – The central bank (Bank Indonesia/BI) reported Wednesday (August 31) that the banking lending only grew by 7.7% in July (year on year), slower compared to 8.2% growth in June 2016.
read moreSorini Agro Profit Drops 64%
JAKARTA (Yosefardi) – PT Sorini Agro Asia Corporindo Tbk (SQBI) booked net profit of Rp52.2 billion for first half (H1) of 2016 (ending May), dropped 64% from Rp145.34 billion in the corresponding period of 2015.
read moreGolden Plantation Profit Rp30.27 Billion
JAKARTA (Yosefardi) – Plantation firm PT Golden Plantation Tbk (GOLL) booked net profit pf Rp30.27 billion for first half (H1) of 2016, compared to Rp5.57 billion profit only in the corresponding period of 2015.
read moreDSSA’s Pay TV Posts 154% Jump in Revenues
PT Dian Swastatika Sentosa Tbk (DSSA) of Sinar Mas Group, said its pay TV or cable TV and internet business contributed revenues of US$5.66 million in first half (H1) of 2016, jumped 154% from US$2.22 million in the corresponding period of 2015.
read moreSaudi Aramco Mulls to Divest Cilacap Refinery
JAKARTA (Yosefardi) – Arab-based Saudi Aramco mulls to divest 15% interest in Cilacap oil refinery due to funding problem. In the meantime, the Government of Indonesia is seeking commitment from Saudi Aramco for expanding the refinery capacity.
read morePTPN III Holding Needs Rp9 Trillion Injection
JAKARTA (Yosefardi) – State plantation firm PTPN III Holding needs fresh money or injection of Rp9 trillion from the government, used to pay debts and to fund expansion, Investor Daily reported this morning.
read moreTempuran Mas Posts 22.58% Profit Drop
JAKARTA (Yosefardi) – Shipping company PT Pelayaran Tempuran Emas Tbk (TMAS) booked profit attributable to equity of Rp103.58 billion in first half (H1) of 2016, dropped 22.58% from Rp133.78 billion in the corresponding period of 2015.
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