BISI International to Expand to India

JAKARTA (Yosefardi) – PT BISI International Tbk plans to expand to India next year, to build seed factory which will cost Rp50 billion. BISI sells seed valuing US$5 million, equivalent Rp65 billion per year. In Asia, the import of seeds are largerly from China...

Banyan Tri Turns to Profit

JAKARTA (Yosefardi) – PT Tri Banyan Tirta TBk (ALTO) posted net profit of Rp1.6 billion in first half of 2016, against loss of Rp11.2 billion in the same period of 2015. Sales rose 28% to Rp167.16 billion. Sales of water in packaging increased 9.6% to Rp68.53...

Wijaya Karya Revises Up Profit Target

JAKARTA (Yosefardi) – State construction frim PT Wijaya Karya Tbk (WIKA) revises up its profit target for this year, to 25.3% growth, to Rp940 billion from initial target of Rp750 billion profit. Compared to 2015’s profit (Rp625 billion), the profit target...

Soechi Lines Converts Debt to Dollar

JAKARTA (Yosefardi) – Shipping firm PT Soechi Lines Tbk (SOCI) plans to convert all its rupiah debt into dollar, aiming to minimise impact from currency fluctuation and avoiding foreign exchange (forex) loss. The appreciation of rupiah has led SOCI to suffer...