by Editor | Aug 31, 2013 | Finance, Markets, News
JAKARTA (Yosefardi) – Consumer goods giant Unilever Indonesia (UNVR) surged past Bank Central Asia (BCA) by market capitalization. Unilever, with Friday’s substantial gain, currently has market capitalization of Rp238.1 trillion, way above BCA (Rp223...
by Editor | Aug 31, 2013 | Energy, News, Resources
JACKSONVILLE, Florida (Yosefardi) – APR Energy Ltd has been awarded a 75 MW fast-track plant featuring diesel power modules in Indonesia. This is APR Energy’s third in the country this year. Together with existing plants in Nias and Padang, the new plant...
by Editor | Aug 31, 2013 | Industries, News, Transportation
JAKARTA (Yosefardi) – State-owned oil and gas company Pertamina has on Friday (August 30) stopped supplying fuel to the troubled state-owned airline Merpati Nusantara. Merpati Nusantara Airlines’s newly installed CEO Capt Asep Eka Nugraha admitted the...
by Editor | Aug 31, 2013 | Finance, News, Transportation
JAKARTA (Yosefardi) – Flag carrier Garuda Indonesia (GIAA) booked net loss of US$10.92 million in the first half ended June 30, 2012, flipped from net profit of US$1.87 million in the corresponding period of 2012. Garuda Indonesia’s revenue actually...
by Editor | Aug 31, 2013 | Energy, News, Resources
TORONTO (Yosefardi) – Niko Resources Ltd has decided to temporarily suspend its drilling program in Indonesia, pending the company’s re-evaluation of its go-forward exploration capital spending priorities. “The company is working on options to...
by Editor | Aug 31, 2013 | Industries, News, Steel
JAKARTA (Yosefardi) – State-owned steel producer PT Krakatau Steel (KRAS) Tbk booked net profit of US$10.6 million in the first half ended June 30, 2013, against net loss of US$9.8 million in the corresponding period of 2012. Krakatau Steel generated sales...
by Editor | Aug 31, 2013 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – Fiscal Policy Review Board (BKF) of finance ministry is reviewing a proposal to charge luxury tax on smartphones. Acting head of BKF Bambang Brodjonegoro said the luxury tax might take sometime to be effective. Amount of luxury tax to be...
by Editor | Aug 31, 2013 | Industries, News, Transportation
JAKARTA (Yosefardi) – Toll Road Regulatory Body (BPJT) proposes an average 10% hike of toll road tariffs effective September 27, 2013. Ahmad Ghano Ghazaly, head of BPJT, said tariff hike is adjusted with inflation rate in respective regions in the period of...
by Editor | Aug 31, 2013 | Corruption, Law, News
JAKARTA (Yosefardi) – Director general of immigration has imposed overseas travel ban on Waryono Karno, secretary general of energy and mineral resources ministry, related to investigation into graft scandals at SKK Migas. “The overseas travel ban...
by Editor | Aug 30, 2013 | Finance, Investments, News
JAKARTA (Yosefardi) – PT Bormindo Nusantara, drilling services subsidiary of Ancora Indonesia Resources (OKAS), has on August 29 signed Rp149.9 billion loan facility with PT Bank Syariah Mandiri (BSM). Ancora provided no further detail about the facility,...
