Bukit Uluwatu Posts 70.5% Jump in Loss

JAKARTA – PT Bukit Uluwatu Villa Tbk (BUVA) suffered loss of Rp11.97 billion in January-September 2015 period, expanded 79.55% from Rp6.67 billion loss in the corresponding period of 2014. Drop in other income and higher costs are factors affecting the loss jump....

Duta Pertiwi Eyes 10% Sales Growth

JAKARTA (Yosefardi) – Glue producer PT Duta Pertiwi Nusantara Tbk (DPNS), targets its sales and net profit to grow by 10% this year. The expected improvement economy this year is hoped to boost property business. DPNS produces glue products for plywood industry. DPNS...

Indomobil and Seino Holdings Set Up JV

SINGAPORE (Yosefardi) – PT Indomobil Multi Jasa Tbk and PT IMG Sejahtera Langgeng, have in January 18, 2015 established a joint venture (JV) company with Seino Holdings Co., Ltd., namely PT Seino Indomobil Logistics Services (SILS), to engage in the business of...

MoF: Three Expectations on AIIB

JAKARTA (Yosefardi) – In the first meeting of Asian Infrastructure Investment Bank (AIIB), the Minister of Finance Bambang P.S. Brodjonegoro acts as representative of regional members who delivers his speech on the AIIB inauguration. In his speech, the Minister...

IDX Opens Lower 0.07%, Oil $27.96

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.07% at 4488 this morning but signalled a re-gain though trade would be volatile as it did yesterday. Investors now concern on China economic slowdown and oil price drop....