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Jakarta
Monday, July 16, 2018
JAKARTA (TheInsiderStories) – Indonesian rice producer and distributor with Topi Koki brand PT Buyung Poetra Sembada (BPS) revived its initial public offering (IPO) plan after delaying from planned December last year. Last Friday, the company announced its plan to conduct roadshow and book building for the IPO on May...
JAKARTA (TheInsiderStories) - Citilink, budget airline of flag carrier PT Garuda Indonesia Tbk (IDX:GIAA) plans to add its flights to China cities this year both for regular and charter flights.  President Director of Citilink Juliandra Nurtjahjo said Citilink plans to add regular flight services to six destinations from three cities...
JAKARTA (TheInsiderStories) - The Federal Open Market Committee indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near its recent low, the minutes of meeting showed. Household spending has continued...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, with gains in selected stocks are likely to be offset by moves of some players to cash out ahead of the weekend as well as concerns on suicide bombs that hit a bus terminal on Wednesday night, analysts say. On...
JAKARTA (TheInsiderStories) – Shipping line PT Samudera Indonesia Tbk (IDX:SMDR) is planning to issue bonds worth US$70 million. The bonds will be issued twice, with first phase to be issued in June worth US$35 million, company director Ridwan Hamid was quoted by Bisnis Indonesia as saying Wednesday. This year,...
JAKARTA (TheInsiderStories) – PT Integra Indocabinet Tbk, a furniture producer, aims to raise fresh funds between Rp565-Rp848 billion through selling 35 percent of its shares or 2.69 billion unit shares, in an initial public offering (IPO). Halim Rusli said the company sets IPO price at Rp2100315 shares Apart from producing...
JAKARTA (TheInsiderStories) - The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) and the Downstream Regulatory Agency for Oil and Gas (BPH Migas) will be merged into a special oil and gas agency, which will oversee and regulate upstream and downstream businesses, according to the draft revision of the oil and...
JAKARTA (TheInsiderStories) – Two explosions hit Kampung Melayu bus terminal at around 21.00 on Wednesday, killing one police officer and injuring at least four other police officers. Deputy Police Chief Commissioner General Police Syafruddin told Metro TV that the suicide bomber was likely to be also killed during the explosion. The bomb...
JAKARTA (TheInsiderStories) - China's Sinopec Group and Kuwait Petroleum Corporation interested to acquire part of participating interests in Grass Root Refinery (GRR) Bontang in East Kalimantan owned by state-owned energy company, PT Pertamina. President Director Elia Masa Manik told press on Wednesday, Pertamina will release up to 10 percent shares to...
JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) leads a syndicated loan amounting to Rp3.2 trillion for the financing of the construction of Pemalang - Batang toll road project in Central Java. The total cost to develop the toll road reaches Rp4.88 trillion.       BNI together with 15 banks signed the loans facility for...

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Thailand’s SCG Invest US$22M in Indonesia’s Mitra10 Operator

JAKARTA (TheInsiderStories) - Siam Cement Group (SCG), one of the leading business conglomerates in Southeast Asian become a strategic shareholder in Indonesia's PT Catur Sentosa Tbk...

Moody’s Assigns First-time B2 Rating to Sentul City

JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to PT Sentul City Tbk (IDX: BKSL). The outlook on the rating is...

Indonesia’s Sarana Menara Allocates US$104M to Buyback 5% Shares

JAKARTA (TheInsiderStories)--Publicly listed tower operator PT Sarana Menara Nusantara Tbk (IDX: TOWR) plans to allocate Rp1.5 trillion (US$104.158 million) to buyback its 5 per...

Indonesia’s Trade Minister to Visits U.S on Trade War Dispute

JAKARTA (TheInsiderStories) - Following the United States's (U.S) threatened on Indonesian export, Trade Minister Enggartiasto Lukita said to visit United States (U.S) on July 21-28,...

Indonesia Records US$1.74 Trade Surplus in June 2018

JAKARTA (TheInsiderStories)--Indonesia recorded US$1.74 billion trade surplus in June 2018, Statistics Indonesia reported on Monday (16/07). However, the country still booked US$1.02 billion in the...

Singapore’s Blackgold Involved Graft Scandal in Indonesia

JAKARTA (TheInsiderStories) - One of Singapore's coal producer Blackgold Natural Resources Limited's (SSX: 41H) shareholders have accused by Indonesia's anti-graft body on bribery initiative to...