Astra to Invest Rp13.6 Trillion

JAKARTA (Yosefardi) – PT Astra International Tbk (ASII) allocates Rp13.6 trillion for capital expenditure (capex) for this year, a 38.77% rise compared to Rp9.8 trillion capex for last year. Capex for automotive division accounts for Rp2.7 trillion, for...

London Sumatra Acquires Pasir Luhur 

SINGAPORE (Yosefardi) – PT PP London Sumatra Indonesia Tbk (LSIP), through its subsidiary PT Wushan Hijau Lestari, had on 29 February 2016 acquired 2.999 shares of PT Perkebunan, Perindustrian dan Perdagangan Umum Pasir Luhur, with the value of the transaction...

Bank Mayora Posts 160% Profit Jump

JAKARTA (Yoseefardi) – PT Bank Mayora booked net profit of Rp45 billion in 2015, jumped 160% from 2014, on the back of funds optimalization represented by LDR ratio growth, to 85% from less than 70% in 2014. Other supports were the fund injection from IFC and...

Suramadu Toll Tariff Cut

JAKARTA (Yosefardi) – The Ministry for Public Works & Public Housing (PUPR) cuts toll tariff for Surabaya-Madura (Suramadu bridge section), to support the economic growth of Madura region. The movement of people and goods through Suramadu bridge toll section...