New Cabinet to be Announced Sunday

JAKARTA (Yosefardi) – President Joko Widodo is scheduled to announce his cabinet lineup Sunday, October 26. Andi Widjajanto, one of the President’s aides, said President Joko Widodo is finalising the cabinet lineup following examination of candidates by...
Sentul City Falls 6%, BW Plantation Gains

Sentul City Falls 6%, BW Plantation Gains

JAKARTA (Yosefardi) – Sentul City (BKSL) fell 6% in the opening hour of trading on Indonesia Stock Exchange (IDX) Wednesday, October 1st, after the Corruption Eradication Commission (KPK) named its CEO a bribery suspect. Around 188 million shares were exchanged...
XL Axiata’s Q1 Profit Jumps 51% on Forex Gains

XL Axiata’s Q1 Profit Jumps 51% on Forex Gains

JAKARTA (Yosefardi) – Second largest telecommunication company XL Axiata (EXCL) booked net profit of Rp379 billion in the first quarter of 2014, jumped 51.6% from the corresponding period of 2013. The growth was attributable to Rp477.7 billion of non-cash gain...
Energy Commission Chief Named Corruption Suspect

Energy Commission Chief Named Corruption Suspect

JAKARTA (Yosefardi) – The Corruption Eradication Commission (KPK) has named Sutan Bhatoegana, lawmaker from President SBY’s Democratic Party, suspect in corruption case. Sutan Bhatoegana is currently chairman of House Commission VII, overseeing energy and...

Golkar Maintains Domination in Gorontalo

JAKARTA (Yosefardi) – Golkar Party, the likely runner up of April 9 legislative election, wins 310,790 votes or 46.8% of total valid votes in Gorontalo province. General Election Commission (KPU) has completed votes counting in the province, which provides three...

PDI-P Wins West Kalimantan

JAKARTA (Yosefardi) – General Election Commission (KPU) has completed votes counting for West Kalimantan province today. PDIP wins 817,770 votes or about 30% of total valid votes in the province. Trailing behind are Golkar Party (348,986 votes), Gerindra...

PDI-P Wins Bangka Belitung

JAKARTA (Yosefardi) – General Election Commission (KPU) declared PDI Perjuangan (PDIP) winner of legislative election in Bangka Belitung province. PDIP wins 137,085 votes out of 683,902 valid votes or about 20%, followed by Golkar (71063 votes) and Democratic...

Heavy Trading in Property Stocks

JAKARTA (Yosefardi) – Trading in shares of property developers was pretty heavy Monday (March 17) as investors expect a peaceful campaign and positive outcome of April and July elections. Industrial estate developer Surya Semesta (SSIA) surged 15.64% with almost...
Rally Continues on Cement Stocks

Rally Continues on Cement Stocks

JAKARTA (Yosefardi) – Shares of cement producers listed on Indonesia Stock Exchange (IDX) continued their rally Monday (March 17). Semen Indonesia (SMGR), the largest cement producer, gained 6.72% to Rp17075 with over 28 million shares exchanged hands. Second...