AKR Corporindo Bags Rp3 Trillion Loan

AKR Corporindo Bags Rp3 Trillion Loan

JAKARTA (Yosefardi) – PT AKR Corporindo Tbk (AKRA) has secured loan of Rp3 trillion from banks for funding first phase project, Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java. The project will cost Rp7-8 trillion. The construction,...

Semen Indonesia’s Revenue Grows 27%

JAKARTA (Yosefardi) – State cement maker PT Semen Indonesia Tbk (SMGR) recorded revenue of Rp17.39 trillion in first nine months of this year, grew by 27% from Rp13.67 trillion in the same period of last year. Cost of revenue also rose to Rp9.55 trillion from...

Pan Brothers Sets Up 2 JVs

JAKARTA (Yosefardi) – Garment producer PT Pan Brothers Tbk (PBRX) sets up two joint venture (JV) companies, PT Eco Smart Garment Indonesia (ESGI) and Cosmic Gear Limited (CG) Hongkong. The JVs are engaged in retail fashion, garment industry, and printing...
Sritex Revises Up Profit Target

Sritex Revises Up Profit Target

JAKARTA (Yosefardi) – Textile and garment giant PT Sri Rejeki Isman Tbk (SRIL) Tbk, popular as Sritex, revises up its revenue and profit target this year, alongwith the planned acquisition over 99.9% stake in PT Sinar Pantja Djaja from PT Kapas Agung Abadi. The...