Ratu Prabu to Issue MTN Rp300 Billion

JAKARTA (Yosefardi) – PT Ratu Prabu Energy Tbk (ARTI) plans to issue medium term notes (MTN) worth Rp300 billion this year, used to fund its residence projects (Ratu Prabu 3) which costs Rp1.9 trillion. This project will start construction in August or September...
Adhi Karya to Build 5 Hotels

Adhi Karya to Build 5 Hotels

JAKARTA (Yosefardi) – State-owned company PT Adhi Karya Tbk (ADHI) plans to build 5 hotels within next 2 years with investment cost of Rp1 trillion. These hotels will contribute revenues next year. The company allocates 60% capital expenditure (capex) for...