Indofood Sets Capex Rp9.6 Trillion

Indofood Sets Capex Rp9.6 Trillion

JAKARTA (Yosefardi) – PT Indofood Sukses Makmur Tbk (INDF) allocates capital expenditure (capex) of Rp9.6 trillion for this year, a 69% rise compared to Rp6 trillion last year.  About 27% of capex, or Rp2.5 trillion, is allocated to fund the business expansion...
TPS Food Posts 36.7% Growth in Profit

TPS Food Posts 36.7% Growth in Profit

JAKARTA (Yosefardi) – Food producer PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA) booked net profit of Rp346.73 billion in 2013, grew by 36.7% from Rp253.66 billion in 2012. Net sales rose 47.6% to Rp4.056 trillion from previous Rp2.75 trillion. Cost of goods sold...
Cocoa Import Might Impose Zero Duty

Cocoa Import Might Impose Zero Duty

JAKARTA (Yosefardi) – The Industry ministry supports proposal of the trade ministry to impose zero import duty for cocoa, Bisnis Indonesia reported this morning. MS Hidayat, trade minister, said the cocoa industry is growing fast in the past four months but the...