by Yohanes Obor | Jan 29, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.27% at 4615 Friday (Jan. 29) but trade was very volatile. The late buying helped IDX to regain. The index reached its bottom at 4568. Asian shares jumped and the yen...
by Yohanes Obor | Jan 29, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – PT Bank Mandiri Tbk (BMRI) targets its units’ contribution to profit to jump 200% within next 2-3 years. Currently, BMRI’s units only contribute 10% profit. BMRI has recently revaluated its assets, getting additional assets...
by Yohanes Obor | Jan 29, 2016 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – The Financial Service Authority (OJK) urges banks to cut loan rates as BI Rate has been cut to 7.25% in Jan. 14, 2015. OJK Chief Commissioner Muliaman D Hadad said the banks have experienced lower costs of funds and have no problem with the...
by Yohanes Obor | Jan 29, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.2% at 4613 this morning while regional markets were mixed. Asian shares got off to a tentative start on Friday after oil cobbled together a third session of gains and...
by Yohanes Obor | Jan 28, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended higher 0.42% at 4603 Thursday (Jan. 28) following regional markets. Asian shares rose slightly in choppy trade on Thursday as investors attempted to interpret the U.S. Federal...
by Yohanes Obor | Jan 28, 2016 | Industries, News, Transportation
JAKARTA (Yosefardi) – State oil and gas firm PT Pertamina has Wednesday (Jan. 27) is set to receive one new oil tanker (MT Sanggau), an echo ship concept, with 40,000 long ton dead weight (LTDW), valuing for US$31 million, equivalent Rp42.78 billion. This oil...
by Yohanes Obor | Jan 28, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – PT Equity Development Tbk (GSMF) plans to issue 2.44 billion new shares through pre-emptive rights scheme, priced at Rp110 per share, to raise total proceeds of Rp269.48 billion. This is the fourth rights issue. Each shareholder with 32 old...
by Yohanes Obor | Jan 28, 2016 | Mining, News, Resources
PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. expects its Indonesian operation under PT Freeport Indonesia, to sell 1.5 billion pounds of coppert and 1.8 million ounces of gold in 2016. In 2015, Freeport Indonesia sold 744 million pounds of copper and...
by Yohanes Obor | Jan 28, 2016 | Chemical, Industries, News
JAKARTA (Yosefardi) – Increased and faster government spending, low energy costs and the recent Bank Indonesia (BI) interest rate cut are set to spur significant growth in the construction industry. Key industry players forecast total cement consumption to grow...
by Yohanes Obor | Jan 28, 2016 | Finance, Investments, News
PHILADELPHIA (Yosefardi) – Aberdeen Indonesia Fund, Inc., a closed-end equity fund, invested 46% of its total portfolio assets in consumers segment in Indonesia as of December 31, 2015. On December 31, 2015, the Fund’s net assets amounted to US$61.5 million and the...
