11:24 pm August 3, 2015 | No Comment
Publicly listed Internet provider Link Net, an affiliate of the Lippo Group, reported double-digit growth in the first half of 2015, bolstered by continuously increasing demand for Internet and cable TV in Southeast Asia’s largest economy.
6:30 pm August 3, 2015 | No Comment
The world's top-spending corporations are set to cut back on investment in 2015 for the third year in a row, according to a report issued by Standard & Poor's on Monday, as a commodities sell-off hits confidence.
5:34 pm August 3, 2015 | 1 Comment
The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts.
5:24 pm August 3, 2015 | No Comment
HSBC Holdings beat expectations with a 10 percent rise in first-half profit thanks to a strong performance in Hong Kong and said it had agreed a $5.2 billion sale of its business in Brazil.
4:09 pm August 3, 2015 | 1 Comment
To meet increasing demand, Pertamina will boost the number of gas stations in the Greater Jakarta area selling its new Pertalite fuel, a company spokeswoman said.
2:30 pm August 3, 2015 | No Comment
State-owned mining firm Aneka Tambang's unaudited net sales nearly doubled during the first half of 2015 on the back of a surge in gold sales in the country, boosting its stock price by 3.2 percent during the first trading session on Monday.
12:56 pm August 3, 2015 | No Comment
Indonesian telecommunications giants Telekomunikasi Indonesia and Indosat have submitted their bid for a Rp 3 trillion ($222 million) government-backed fiber optic project that would provide broadband Internet to the eastern parts of the country.
8:58 pm August 2, 2015 | No Comment
Jakarta. Matahari Putra Prima, an operator of multi-format modern retailers, delivered positive earnings in the first half of this year despite the challenging economic situation, thanks to a variety of productivity measures, the company’s chief said. Matahari Putra Prima’s net income for the first sixth months of this year rose to Rp 175.5 billion ($12.9 million) […]
6:38 pm August 2, 2015 | No Comment
President Joko Widodo witnessed on Sunday the groundbreaking ceremony for a new ammonia plant of chemical manufacturer Panca Amara Utama in Banggai, Central Sulawesi. The factory -- worth $830 million -- is one of the biggest ammonia plant developments in the country over the last decade.
7:59 pm July 31, 2015 | No Comment
Indonesian property developer Lippo Karawaci booked solid profit growth in the first half of the year despite a weak economic backdrop, thanks to the resilient growth of its health care business.
2:52 pm July 31, 2015 | No Comment
Listed local oil and gas company Elnusa posted a 25.6 percent decline in profit in the first half of this year on the back of flagging prospects of the petroleum industry following the decline of global oil prices, the company said in a statement on Friday.
9:26 pm July 30, 2015 | 1 Comment
Amid the economic slowdown, two major lenders in Indonesia, Bank Mandiri and Bank Internasional Indonesia, managed to maintain sound profitability in the first half of 2015, with the first reporting a modest net income growth and the latter enjoying strong earning growth.
9:18 pm July 30, 2015 | 3 Comments
The Trade Ministry issued on Thursday a regulation requiring all importers who bring in batik-patterned fabrics to register with the ministry and secure a special permit to import the textile.
8:30 pm July 30, 2015 | No Comment
Astra International, a diversified conglomerate in Indonesia, posted an 18 percent decline in profit in the first half of this year, following weaker earnings from its automotive and commodity-related business, the company said in a statement on Thursday.