Archives
Berau’s EGMS OKs Eko Santoso Budianto As New President Director
March 7th, 2013
(The Insider Stories) - An extra-ordinary shareholders meeting of PT Berau Coal Energy Tbk (BRAU), Indonesia’s fifth-biggest coal producer, on Thursday (03/06), gave an approval for the appointment of Eko Santoso Budianto to take over Rosan Perkasa Roeslani’s president ...
Accor redefines hospitality for European visitors to Indonesia
March 7th, 2013
Jakarta, 7 March 2013 (Press Release) - Accor, the leading international hotel operator in Asia-Pacific, today announced that eleven of the Group’s hotels in Bali and Lombok hotels have been accredited to deliver “Optimum Service Standards” for its European ...
Bukit Asam’s Profit Falls 6% to Rp 2.9t in 2012
March 7th, 2013
(The Insider Stories) - State controlled coal mining firm, Bukit Asam (PTBA), booked a minor decline in its profit last year, amid the falling price of coal in the international market. The company’s net profit fell 6 percent to ...
Danamon Signs Loan Agreement With Wells Fargo
March 6th, 2013
PT Bank Danamon Indonesia, Tbk. (Danamon) today signs a loan agreement valued at USD 50 million with Wells Fargo, one of the leading banking institutions in the U.S. The loan, which is disbursed through Wells Fargo and guaranteed by ...
Waskita Karya expects IDR3.3 tln construction projects by end-March -Report
March 6th, 2013
(Insider Stories) - State construction company PT Waskita Karya Tbk expects to secure deals for six new construction projects worth Rp 3.34 trillion, Investor Daily reported Thursday (03/08). Desi Arriyani, a director at Waskita Karya, was quoted as saying ...
US Ex-Im Bank Approves $1.1b Loan for Lion Air’s Boeing Purchase
March 6th, 2013
(The Insider Stories) – The United States Export-Import Bank announced Wednesday it has approved a final commitment of $1.1 billion to help finance the export of a fleet of Boeing 737-900ER aircraft to Lion Air, a low cost carrier ...
Surging Data Services Boosts Telkom’s 2012 Earnings
March 5th, 2013
(The Insider Stories) - Indonesia’s biggest telco firm booked saw its 2012 net income surged slightly over 17%, driven by strong growth in its data services. PT Telekomunikasi Indonesia, or Telkom, said on Thursday that its broadband subscribers grew ...
Ferrostaal to Establish $2b Petrochemical Plant in Indonesia’s West Papua
March 4th, 2013
(The Insider Stories) - Ferrostaal, a German industrial giant, plans to invest in a $2 billion petrochemical project in Indonesia’s West Papua province, a statement from Indonesia’s industry ministry said late on Monday. The statement said the commitment was ...
Indonesian MNC Sets Up Joint Venture With Chinese Tencent
February 28th, 2013
(The Insider Stories) - Media Nusantara Citra (MNC) Group, Indonesia’s biggest media company controlled by media mogul Hary Tanoeseoedibjo, forged a cooperation with Tencent, China’s top online gaming and social networking firm. MNC Group and Tencent will establish a ...
Bosowa’s Taxi Unit Buys 1,000 Hyundai Cars
February 27th, 2013
Press Release - Taksi Bosowa, a taxi operator arm of Bosowa Corporation, a Makassar-based conglomerate with diversified business, announced the purcase of 1,000 units of new Hyundai cars to support its operations as well as preparing for future expansion. ...