Bakrie & Brothers Turns to Loss

JAKARTA (Yosefardi) – PT Bakrie & Brothers Tbk (BNBR) suffered loss of Rp605 billion in the first nine months to September of 2015, against Rp40.3 billion profit in the corresponding period of 2014. Revenues declined 12% to Rp4.17 trillion from previous...

Bank Artos to Launch IPO

JAKARTA (Yosefardi) – PT Bank Artos Indonesia TBk plans to launch the initial public offering (IPO) in end of 2015 or early 2016, offering 20% shares and targets to raise almost Rp1 trillion proceeds. The bank, based in Bandung, West Java, has equity of Rp500...