by Yohanes Obor | Aug 21, 2015 | Finance, Investments, News
SINGAPORE (Yosefardi) – Rotary Engineering Limited has completed the acquisition over 10% shares in PT Orbit Terminal Merak (OTM) for US$1.15 million. OTM is an independent bulk storage terminal for petroleum products in Indonesia that will serve as a...
by Yohanes Obor | Aug 21, 2015 | Featured, Finance, Investments, News
JAKARTA (Yosefardi) – Telco player PT Solusi Tunas Pratama Tbk (SUPR) to allocates internal cash to settle its debt of US$63 million until 2016. The company will pay US$3.15 million matured in December this year. As of July 2015, SUPR’s debt in foreign...
by Yohanes Obor | Aug 20, 2015 | Finance, Investments, News
JAKARTA (Yosefardi) – PT Ratu Prabu Tbk (ARTI), engaged in property and energy business, allocates Rp8.3 trillion for expanding its business for 5 years ahead. It plans to develop 3 property projects and to build one tank for liquefied petroleum gas (LPG). The...
by Yohanes Obor | Aug 19, 2015 | Featured, Finance, Investments, News
JAKARTA (Yosefardi) – Textile giant PT Sri Rejeki Isman Tbk (SRIL), otherwise popular as Sritex, booked sales of US$305 million in the first half of 2015, representing 50% of this year’s target. Sritex targets export to contribute 60% of sales this year. It has...
by Yohanes Obor | Aug 19, 2015 | Featured, Finance, Investments, News
JAKARTA (Yosefardi) – PT XL Axiata Tbk (EXCL), the second largest telco player in Indonesia, plans to restructure its its debt in foreign currencies of US$1,5 billion, to minimize loss potential from the rupiah depreciation against the US dollar. The loan to be...
by Yohanes Obor | Aug 18, 2015 | Finance, Investments, News
SINGAPORE (Yosefardi) – Commodities player Noble Group suffered a 45.5% drop for natural resources due to challenging market since January 2014. Noble Group also noted that during the period, the diversified miners suffered 34.4% drop in revenue, major miners/traders...
