7:53 pm July 3, 2015 | No Comment
Publicly-listed Indonesian shipping firm Trada Maritime plans to hold a 5-to-1 reverse stock split next month in order to increase the company’s liquidity in the stock market, according to a listing on the Indonesia Stock Exchange (IDX) on Thursday.
7:49 pm July 3, 2015 | No Comment
The proposed $8 billion merger of two Samsung Group companies came under attack from two directions on Friday, as an activist hedge fund filed a court action against the deal and a shareholder advisory group recommended shareholders oppose it.
3:44 pm July 3, 2015 | No Comment
Graha Teknologi Nusantara, the data center unit of listed information technology company Multipolar Technology, aims to start operations on its first complex in Cikarang, West Java, by April next year, in the first phase of its $200 million venture into the business.
10:52 am July 3, 2015 | No Comment
The government has signalled it will extend the operating permit of Freeport Indonesia beyond 2021 after the company agreed to a series of concessions and pledged to invest more than $20 billion to expand its operations on Thursday.
5:28 pm July 2, 2015 | No Comment
Private coal mining contractor Delta Dunia Makmur, through its subsidiary Bukit Makmur Mandiri Utama, has signed a $300 million contract to provide coal mining services to Sungai Danau Jaya, a subsidiary of Singapore-based investment company Geo Energy Resources.
4:29 pm July 2, 2015 | 1 Comment
Thirteen Indonesian airlines have been found to have negative equity, putting their ability to maintain safe operations in doubt, a government official said on Wednesday after reviewing the audited financial reports of 60 local carriers.
2:55 pm July 2, 2015 | No Comment
State infrastructure financing firm Sarana Multi Infrastruktur saw its business multiply by more than a fifth from January to June compared to the same period last year due to an increase in power, geothermal, oil and gas, and road construction projects.
2:05 pm July 2, 2015 | No Comment
The chief executive of Indonesia's Surya Semesta said on Wednesday that he was considering buying Rajawali Group's entire 21 percent stake in Nusantara Infrastructure and that any deal may include a partnership with Malaysia's PLUS Expressways International.
12:52 pm July 2, 2015 | No Comment
The Central Java provincial government has expressed interest in acquiring a 10 percent stake in Muria block, an offshore oil and gas reserve in the Java Sea, a senior official at Energy and Mineral Resources said on Wednesday.
10:55 am July 2, 2015 | No Comment
Xiaomi on Thursday said it sold 34.7 million smartphones in the first six months of 2015, casting doubt on the ability of China's most valuable tech startup to achieve its full-year target.
5:19 pm July 1, 2015 | No Comment
Energi Mega Persada, an Indonesian publicly listed upstream oil and gas company, recently paid back more than $40 million of its loan owed to Japanese lender Mitsubishi and Japan Petroleum Exploration, or Japex, as part of ongoing efforts to refinance its debts.