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Indonesia’s United Tractors Cuts Capex amid the Pandemic

JAKARTA (TheInsiderStories) - Indonesian heavy equipment producer, PT United Tractors Tbk (IDX: UNTR) sliced this year' capital expenditure (capex) from US$450 million to $250 million due...

Indonesia’s Astra Trims Capex Due to COVID-19 Pandemic

JAKARTA (TheInsiderStories) - The conglomeration firm, PT Astra International Tbk (IDX: ASII) cut nearly half of its capital expenditure (capex) for this year due to the...

Bunarto Lead Astra, Give a Dividend Shares US$614M

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Astra International Tbk (IDX: ASII) appointed new president director Djony Bunarto Tjondro and Prijono Sugiharto as the chairman...

Shareholder Rejects PLN Proposed Capex, to Cut by 40%

JAKARTA (TheInsiderStories) - Shareholder of PT Perusahaan Listrik Negara (PLN) rejected the proposed capital expenditure worth of Rp100 trillion (US$7.14 billion) to avoid fraud at...

Indonesia’s Indofood Prepares US$486M to Expand the Businesses in 2019

JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX: INDF), an Indonesian multi-national company, allocated Rp7 trillion (US$486.11 million) capital expenditure during 2019, said the company on...