11:50 am November 27, 2014 | 1 Comment
Rome. Lion Group, Indonesia largest airline by market share, eyes to raise around Rp 10 trillion ($821 million) as it plans to sell 30 percent share in an initial public offering in 2016, after President Joko Widodo gave his blessing on the company plan to build a new airport in Lebak, in Banten province.
5:20 am November 26, 2014 | No Comment
Following a successful initial public offering in October, Blue Bird finds itself under shareholder pressure for the first time, as the spotlight of public scrutiny has highlighted the curse of seemingly all family businesses: sibling rivalry.
9:01 pm November 21, 2014 | No Comment
Indonesia is falling behind its peers in helping companies to comply with their tax obligations in the past as it lacks the effort to simplify tax payments, according to the latest report from global consulting company PricewaterhouseCooper and the World Bank Group.
8:28 pm November 20, 2014 | No Comment
Mid-sized Indonesian lender Bank Mayapada Internasional plans to issue Rp 700 billion ($57 million) in subordinate bonds next month to strengthen its capital.
10:05 pm November 19, 2014 | No Comment
New York-based brokerage JPMorgan Chase expects Indonesian stocks to outperform their peers in Asia next year, citing positive sentiment toward the government’s policy of supporting a stable currency and accelerating economic growth.
9:12 pm November 17, 2014 | 6 Comments
[Updated at 10:40 p.m. on Monday, Nov. 17, 2014] Jakarta. Indonesia has raised subsidized fuel prices by an average Rp 2,000 per liter in an attempt to curb fuel usage and narrow the gaps in the current account and the state budget. The price for low-octane gasoline, or Premium, will rise to Rp 8,500 (70 […]
7:26 pm November 17, 2014 | No Comment
Indonesia may see a short-lived decline in car and motorcycle sales from higher subsidized fuel prices because the economy will continue to grow as funds from the subsidy are shifted into other programs, international rating agency Fitch Ratings says.