by Yohanes Obor | Jan 18, 2016 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – Fadel Muhammad, head of commission XI at the Lower House Representative (DPR RI), gave a signal that the foreign ownership in banks would be not limited. A. Deni Daruri, president director of Centre For Banking Crisis urges the banking...
by Yohanes Obor | Jan 18, 2016 | Featured, Industries, News, Property
JAKARTA (Yosefardi) – Property developer PT Ciputra Development Tbk (CTRA) welcomes the revision on foreign ownership regulation in property, which could attract foreign interest to buy high rate houses in central business district (CBD). Indonesia’s...
by Yohanes Obor | Jan 18, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) fell 0.53% to 4500 this morning following regional markets. Nymex’s crude oil dropped 6.73% to US$29.10 per barrel in Asian trading this morning while gold rose 1.58% to...
by Yohanes Obor | Jan 15, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of the Indonesia Stock EXchange (IDX) ended up 0.24% at 4524 Friday (Jan. 15) while regional markets closed in red zone. Asian stocks slumped to 3-1/2-year lows on Friday as brief gains earlier in the session gave way to...
by Yohanes Obor | Jan 15, 2016 | Industries, News, Transportation
JAKARTA (Yosefardi) – Flag carrier PT Garuda Indonesia Tbk (GIAA) targets its revenue to grow by 24% to US$6.05 billion this year, equivalent Rp84.09 trillion along with the oil price drop to below US$30 per barrel. As at third quarter of 2015, GIAA’s fuel...
by Yohanes Obor | Jan 15, 2016 | Industries, News, Steel
TOKYO (Yosefardi) – JFE Steel Corporation announced today that its wholly owned subsidiary PT JFE Steel Galvanizing Indonesia has begun operating a new continuous galvanizing line (CGL) to produce cold-rolled and hot-dip galvanized steel sheet for automobiles in...
by Yohanes Obor | Jan 15, 2016 | Industries, News, Property
JAKARTA (Yosefardi) – Property developer PT Ciputra Development Tbk (CTRA) allocates capital expenditure (capex) of Rp1-1.5 trillion for this year. The company allocates Rp500 billion for acquiring land in Jakarta and Surabaya areas. It also seeks partners to...
by Yohanes Obor | Jan 15, 2016 | Finance, Investments, News
JAKARTA (Yosefardi) – The consortium of state-owned enteprises (SoE) prepared fund of US$500 million to US$1 billion for buying 10.64% shares of PT Freeport Indonesia valuing of US$1.7 billion. The consortium consists of PT Aneka Tambang Tbk (ANTM), PT Bukit...
by Yohanes Obor | Jan 15, 2016 | Finance, Markets, News
JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.36% at 4529 this morning inline with regional markets. Asian stocks tracked U.S. gains, with the regional benchmark paring its second week of losses, Bloomberg reported....
by Yohanes Obor | Jan 15, 2016 | Finance, Investments, News
HANOVER (Yosefardi) – To address growing demand for cable TV and broadband services in rural and underserved areas, Biznet in Indonesia has deployed Ciena’s (NYSE: CIEN) converged packet-optical platforms and GeoMesh submarine solution on its new 100G...
