TPS Food Eyes 30% Growth

JAKARTA (Yosefardi) – PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA) expects to have a 30% growth in revenues this year after debt settlement for forein currency denomination and divesting palm oil asset/company. In first half of 2016, AISA booked profit...

Rupiah Appreciation Continues

JAKARTA (Yosefardi) – The central bank, Bank Indonesia (BI), said the rupiah appreciation continued in line with the promising domestic economic outlook and easing external risks. In the second quarter of 2016, the rupiah appreciated by an average of 1.59% to...

BI 7-Day RR Rate Kept at 5.25%

JAKARTA (Yosefardi) – The central bank, Bank Indonesia (BI), decided Friday last week to hold the BI 7-Day Reverse Repo Rate (BI 7-Day RR Rate) at 5.25%, with the Deposit Facility rate held at 4.50%, while lowering the Lending Facility 100 bps to 6.00%. As...

Citibank Posts 55% Profit Growth

JAKARTA (Yosefardi) – Citibank N.A Indonesia booked net profit of Rp1.2 trillion in first half of 2016, grew by 55% from Rp777 billion in the corresponding period of 2015. Net interest income rose 15% to Rp2 trillion. Net interest margin (NIM) increased to 6.05%...

JP Morgan Posts 78.76% Profit Growth

JAKARTA (Yosefardi) – JP Morgan Chase Bank (Indonesia branch) booked profit after tax of Rp202 billion in first half of 2016, grew by 78.76% from Rp113 billion in the same period of 2015. Net interest income rose 28.4% to Rp316.7 billion from previous Rp246...

TPS Food Posts 30.6% Profit Growth

JAKARTA (Yosefardi) – PT Tiga Pilar Sejahtera (TPS) Food Tbk (AISA) booked profit attributable to equity of Rp255.96 billion in first half of 2016, grew by 30.6% from Rp195.96 billion in the corresponding period of 2015. Net sales increased 13% to Rp3.57...