10:30 pm May 29, 2015 | No Comment
San Francisco-based Uber Technologies, which develops cab-booking smartphone application Uber, is rolling out a trial run of its low-cost service in Bandung, following its launch in Jakarta back in January.
8:26 pm May 29, 2015 | No Comment
Multipolar, the holding company of listed consumer goods chain Matahari Putra Prima, has decided to postpone the planned trading debut of its satellite television unit, citing uncertain market environment.
6:53 pm May 29, 2015 | No Comment
Thai billionaire Charoen Sirivadhanabhakdi is considering buying cognac maker Louis Royer, people familiar with the matter said, potentially locking horns with a Philippine tycoon for the French firm amid a forecast rebound in Asian demand for luxury spirits.
3:57 pm May 29, 2015 | No Comment
Shares in industrial estate developer, Puradelta Lestari, climbed 5 percent on Thursday — the company's trading debut on the Indonesia Stock Exchange (IDX).
2:46 pm May 29, 2015 | No Comment
Suzuki Indomobil Motor, or SIM, a local unit of the Japanese auto manufacturer, inaugurated a $1 billion manufacturing plant in Deltamas, West Java on Friday, boosting the company's production capacity by a half as competition among manufacturers to capture a shrinking domestic market intensifies.
2:06 pm May 29, 2015 | 1 Comment
Life hasn’t been that easy for Vale Indonesia, the local unit of Brazilian giant miner Vale, despite it having signed an amendment to its contract of work in October 2014.
1:42 pm May 29, 2015 | No Comment
Shoemaker Sepatu Bata aims for Rp 1.1 trillion ($83 million) sales in 2015, growing by 10 percent from Rp 1 trillion last year as the company would begin to sell it foot-wears to middle an upper income consumers.
1:35 pm May 29, 2015 | No Comment
Lion Mentari Airlines, the company behind Indonesia largest low-cost carrier Lion Air, says it hopes the Transportation Ministry will soon lift a suspension on Lion Air routes, as the company is preparing to meet rising demand ahead of Idul Fitri.
11:09 am May 29, 2015 | No Comment
Daum Kakao, a Seoul-based mobile lifestyle platform, will acquire Path, the social network app, and Path Talk from Path, a California-based start-up affiliated with the Bakrie Group, as part of Kakao’s global expansion plans.
9:51 am May 29, 2015 | No Comment
Arwana Citramulia, a listed ceramic tiles manufacturer, forecasts a lower net income this year, blaming high inflation and the fall of commodity prices that curbed purchasing power of the company’s market.
7:38 pm May 28, 2015 | No Comment
hareholders of Matahari Department Store, the operator of a department store chain under the same name, has approved Rp 851.4 billion ($64 million) in dividend payments in its annual general shareholders meeting on Thursday.
6:49 pm May 28, 2015 | No Comment
Ford Motor said it would give other automakers access to its electrified vehicle technologies for a fee to accelerate research and development of such vehicles.
6:37 pm May 28, 2015 | No Comment
Fiat Chrysler Chief Executive Sergio Marchionne is convinced there will be another merger deal in the carmaking industry within the next three years, he said on Thursday, not denying reports that he sent an email earlier this year courting US rival General Motors.
6:17 pm May 28, 2015 | No Comment
Charter Communications executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable, in what would be an unprecedented move in the cable industry.
3:37 pm May 28, 2015 | No Comment
China’s stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity.
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