All Articles: | Kontan
Tycoon Tanoesoedibjo aims to establish rural bank | Kontan
(The Insider Stories) — Media and business mogul Hary Tanoesoedibjo, whose conglomerate’s business portfolio already include a 30% stake in small-sized commercial lender ICB Bumiputera, is considering establishing a rural bank for micro businesses, Kontan daily reported Monday. The bank’s profit margin would be 50% lower than that of a regular commercial bank, he said over Full Article
World Bank lowers 2013 growth forecast for Indonesia, China | Wires
(The Insider Stories) — The World Bank has cut this year’s growth forecasts for Indonesia and China by 0.1 percentage point to 6.2% and 8.3%, respectively, amid ongoing economic restructuring and moderating investment. “Our growth forecasts for EAP (East Asia and the Pacific) for 2013 and 2014 remain roughly similar to those of December last year. We Full Article
Panasonic names Suga Indonesia chief as it seeks to tap middle class consumption | Executive data
(The Insider Stories) –PT Panasonic Gobel Indonesia, the joint-venture local sales arm of Panasonic Corp. (PC), has appointed Hiroyoshi Suga president director to replace Ichiro Suganuma, with the company seeking to tap Indonesia’s fast-growing middle- and upper-income consumer segments to boost sales. Panasonic Gobel aims to place Indonesia in the top 10 global markets for Full Article
Italy’s Eni still committed in Indonesia, to invest $400 mln - The Jakarta Post | Company data
(The Insider Stories) — Italian oil and gas company Eni SpA’s (ENI) plans to invest US$400 million in the next four years for exploration in Indonesia have could assure the Indonesian government that the company is here to stay despite difficulties that have prompted competitors to leave the country, with ENI Indonesia managing director Carlo Russo saying Eni will Full Article
Lion Air passenger jet crashes into sea off Bali | Company data
(The Insider Stories) — A Boeing aircraft operated by Indonesia’s largest airline crashed into shallow water just off the runway of the main airport on the resort island of Bali Saturday afternoon, with all 101 passengers and seven crew members surviving the incident, which raises concerns in a country that has seen improvements in the Full Article
Bank Indonesia keeps rates steady; trims growth forecast | Outlook data
(Insider Stories)-Bank Indonesia trimmed its growth forecast for 2013 and forecast inflation to ease slightly following measures to ease food supply disruptions and once harvest season arrives, while keeping its benchmark rate unchanged. BI kept its benchmark rate unchanged at 5.75%, in line with market expectations and marking the 13th straight meeting it has kept Full Article
FalconStor appoints Synnex Metrodata Indonesia as distributor in Indonesia | Company data
(The Insider Stories) — FalconStor Software Inc. (FALC), a market leader in disk-based data protection, announced the appointment of PT. Synnex Metrodata Indonesia (SMI) as FalconStor’s distributor in Indonesia. SMI is a subsidiary of PT. Metrodata Electronics Tbk (MTDL) that focuses on information and communication technology (ICT) distribution. Agus Honggo Widodo, president director of PT Full Article
Bajaj-Kawasaki gears up to enter Indonesia | Wires
(The Insider Stories) - Bajaj Auto and Kawasaki Heavy Industries are extending a marketing partnership under which they collaborate in India and the Philippines to Indonesia to produce some Bajaj products at Kawasaki’s facility and distribute them through its network. The first product to be marketed is the Pulsar 200 NS motorcycle, wire services report. Bajaj Full Article
Petcon to invest US$60 mln to develop Palangkaraya Block | Bisnis Indonesia
(The Insider Stories) — Petcon Borneo Limited will invest US$60 million in six years to develop the Palangkaraya Block exploration with land area of 7,612 square meters in Kapuas, Central Kalimantan, Exploration Petcon Resource Vice President Hening Sugianto is quoted as saying by Bisnis Indonesia. The company expects to discover resources in 10 years and produce in 20 Full Article
Indonesia indicates fuel price hike not on agenda at energy subsidy meeting this weekend | Insider news
(The Insider Stories) — Indonesia will announce a fuel subsidy adjustment this weekend at a coordinating meeting led by the President but indications are that a fuel price hike isn’t on the agenda. “In the meeting with the president we will explore more deeply our options,” Finance Minister Agus Martowardojo said after a meeting with Full Article
ZTE wins Indonesian IPTV contract | Company data
(The Insider Stories) — Chinese telecommunications equipment provider ZTE has secured a four-year IPTV network construction contract with PT Telekomunikasi Indonesia (TLKM). ZTE will construct, operate, and maintain the low-bit-rate Indonesian internet protocol television network, from this year until 2016, and will provide system equipment and set-top boxes, according to media reports. Telegeography.com reports that Full Article
EU grants $19.52 mln to help Indonesian exporters | Sector data
(The Insider Stories) — The European Union (EU) is providing up to 15 million euros in a grant to finance the Trade Support Program II (TSP II) that aims to help Indonesian exporters penetrate the EU market. Under TSP II Indonesian companies are taught how to meet international trade standards set by EU nations. Coordinated Full Article
Companies relocate outside Jakarta CBD as office rates jump 100% in 3 years | Sector data
(The Insider Stories) -Sharp increases in office rental rates are pushing companies outside the Jakarta CBD, as demand increases despite land scarcity and limited supply. Areas such as TB Simatupang, S. Parman and MT Haryono, in West and South Jakarta, are attractive as they offer lower rates and direct road access to the CBD, Colliers Full Article
Bank Mandiri signs joint cooperation with Kookmin Bank | Company data
(The Insider Stories) — State-owned PT Bank Mandiri Tbk (BMRI) has signed an agreement on banking services with South Korea’s KB Kookmin Bank to boost business transactions between the two countries. The agreement covers structured finance and syndicated loan businesses, treasury, cash management, trade finance, and remittances. Total exports to South Korea were around US$15.04 Full Article
Carlyle to Launch its First Indonesia Office | Wires
(The Insider Stories) — US private equity fund, Carlyle Group LP (CH.O) to launch an Indonesia office . Carlyle has tapped Rajiv Louis, a former PT UBS Scurities Indonesia’s banker to be its country head. Carlyle, founded in 1987 by three colleagues and named after the New York hotel where they gathered for early meetings, Full Article
