Monday, August 21, 2017

Toba Bara sets capex of US$60-65M in 2017, Q1 sales down 1.4%

JAKARTA (TheInsiderStories) - PT Toba Bara Sejahtra Tbk (IDX:TOBA), a coal producer,  said it has set aside capital expenditure (Capex) for 2017 at US$60-65 million, of which 85-90 percent...

Sarana Menara purchases 13.32% shares from shareholders for US$406 million

JAKARTA (TheInsiderStories) - Publicly listed tower operator, PT Sarana Menara Nusantara Tbk (IDX: TOWR) purchase 1.35 billion shares or representing 13.32 percent of the total issued and paid up shares in...

Moody’s assigns (P)Baa3 rating to PLN’s proposed global MTN notes

Singapore -- Moody's has assigned a provisional (P)Baa3 rating to the proposed $2.0 billion global medium term notes (GMTN) programme of Perusahaan Listrik Negara (P.T.) (PLN). At the same time, Moody's has...

Chinese JD.com in talks to acquire major stake in Tokopedia

JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator Tokopedia. Sources indicate JD will invest...

Citilink to serve Jakarta-Dili route from may 12

JAKARTA (TheInsiderStories) - Budget airline Citilink, a subsidiary of Indonesian flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) has revealed its plan to serve new international route, namely from Jakarta to...

The Insider Stories Morning Notes – JCI expected to move sideways, awaiting for fresh...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today, as players are likely to refrain from making aggressive moves due to lack of strong fresh leads. Desmond Wira, a...

Sritex Q1 net profit rises by 7.8%

JAKARTA (TheInsiderStories) - Textile and garment producer PT Sri Rejeki Isman Tbk (IDX:SRIL) recorded net profit of US$17.7 million in the first quarter 2017, rose 7.8 percent from the...

HK Realtindo developing 3 new property projects worth Rp1.9 trillion

JAKARTA (TheInsiderStories) - State owned property firm PT HK Realtindo, a subsidiary of state owned construction company PT Hutama Karya, has acquired a total of 80 hectares of land...

 Garuda suffers net loss of $99.08m in Q1 on higher operating expenses

  JAKARTA (TheInsiderStories) - The newly appointed President Director of PT Garuda Indonesia Tbk (IDX:GIAA) Pahala N. Mansury, has one huge task on his hand, namely turning the company in...

Bakrie Group, Century Properties develop several projects in Philippine

JAKARTA (TheInsiderStories) - Indonesian conglomerate Bakrie Group and The Century Properties group is entering a joint venture with  to develop several projects in the Philippines, local news agency reported. Century said...

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Freeport Indonesia loses $3m due to ex-workers strike

JAKARTA (TheInsiderStories) - Freeport McMoran Inc unit in Indonesia estimates losses reached $3 million after hundreds of former workers damage company's assets over unemployment...

Garuda Indonesia Targets Become Integrated Airlines Services

Jakarta (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carriers is ready to become Garuda targets to be an integrated airline...

Fitch: Indonesia Regulation to Benefit Bond Issuers in Long Term

JAKARTA (TheInsiderStories) - Fitch Ratings believes that the Indonesian authorities' recent initiatives to cut borrowing costs and support economic growth will not have immediate...

Govt Proposes $30b Infrastructure Spending in 2018. For What?

JAKARTA (TheInsiderStories) - The Indonesian Government proposed Rp409 trillion or $30.3 billion for infrastructure spending next year to the legislative. Why should the government...

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has...

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment...
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