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Indonesia: Astra will Aggressively Invests in Startup

JAKARTA (TheInsiderStories) - Conglomeration firm, PT Astra International Tbk (IDX: ASII) will aggressively invest in startups during this yea after involve in the funding round of...

Vale Indonesia Allocates Capex US$152M, Profits Skyrocketed

JAKARTA (TheInsiderStories) - A nickel miner, PT Vale Indonesia Tbk (IDX: INCO), preparing funds of US$152 million to execute furnace and other projects in this year. At...

Indonesia’s Astra Agro Allocates Fund US$107M for Expansion

JAKARTA (TheInsiderStories) - The company owned by Astra Group, PT Astra Agro Lestari Tbk (IDX: AALI) prepares a capital expenditure around Rp1.5 trillion (US$107.14 million) in...

Sarana Menara, Tower Bersama Prepares Capex US$393M

JAKARTA (TheInsiderStories) - Two telco tower giants, PT Sarana Menara Nusantara Tbk (IDX: TOWR) and PT Tower Bersama Infrastructure Tbk (IDX: TBIG) prepared a total capital...

Indonesia’s Pertamina Offers Global Bond for Business Expansion

JAKARTA (TheInsiderStories) - The national petroleum company, PT Pertamina, offered US Dollar denominated bond under the US$20 billion program said the international rating agencies today....

Indonesia’s Jasa Marga Prepares US$553M for Business Expansions

JAKARTA (TheInsiderStories) - The toll road manager, PT Jasa Marga Tbk (IDX: JSMR), is preparing a capital expenditure around Rp7.75 trillion (US$553.57 million) in this...

Indonesia’s Timah Prepares Funds US$136M for Expansion

JAKARTA (TheInsiderStories) - The state-owned tins producer, PT Timah Tbk (IDX: TINS), allocated a capital expenditure of Rp1.9 trillion (US$134.75 million) for this year, said the...

Indonesia’s Kalbe to Spend US$71M in 2021

JAKARTA (TheInsiderStories) - The pharmaceutical company, PT Kalbe Farma Tbk (IDX: KLBF) prepared capital expenditures around Rp1.1 trillion (US$78.01 million) in 2021, said the finance...

Indonesia’s Nusantara Infrastructure to Spend US$85M in 2021

JAKARTA (TheInsiderStories) - The infrastructure and energy services company, PT Nusantara Infrastructure Tbk (IDX: META) has budgeted a capital expenditure more than Rp1.2 trillion (US$85.11 million)...

Indonesia’s Astra Agro Prepares Capex US$85M in 2021

JAKARTA (TheInsiderStories) - The palm oil company, PT Astra Agro Lestari Tbk (IDX: AALI) prepared capital expenditure around Rp1.2 trillion (US$85.10 million) for next year,...

Indonesia’s Petrosea Prepares Capex US$100M in 2021

JAKARTA (TheInsiderStories) - Indonesian miner, PT Petrosea Tbk (IDX: PTRO) prepared capital expenditure of around US$100 million in 2021 to support the mining service, said...

Indonesia’s Ultrajaya Raises Fund US$213M from MTN Program

JAKARTA (TheInsiderStories) - Indonesian milk producer, PT Ultrajaya Milk Industry & Trading Company Tbk (IDX: ULTJ), raised Rp3 trillion (US$212.76 million) from the issuance of medium...

Indonesia’s Jasa Marga Cuts Investments, Delayes Some Projects

JAKARTA (TheInsiderStories) - The state-owned toll road builder, PT Jasa Marga Tbk (IDX: JSMR) decided to cut this year' capital expenditure from initial targets Rp20...

Indonesia’s Pertamina Need Funds US$133 Until 2026

JAKARTA (TheInsiderStories) - State run oil and gas holding, PT Pertamina, needs funding of US$133 billion until 2026 to boost the production capacity, said the...

Indonesia’s MedcoEnergi Looking for Funding US$150M in 3Q 2020

JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) seeks a fresh funding US$150 million from the rights issue program in the third quarter (3Q)...

Indonesia’s Timah Slices Tin Production due to Lower Demand

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Timah Tbk (IDX: TINS) is targeting tin sales 55,000 metric tons (MT) due to lower demand. The amount lower...

Indonesia’s Barito Pacific Cut Capital Expenditures to US$185M

JAKARTA (TheInsiderStories) - Conglomeration firm, PT Barito Pacific Tbk (IDX: BRPT) postponed a series of business plans due to the COVID-19 outbreak, said the director. The...

Indonesia Companies Trims CAPEX Amid COVID-19 Pandemic

JAKARTA (TheInsiderStories) - Indonesian companies trimmed the capital expenditures (CAPEX) due to slowing business during COVID-19 pandemic. The decisions will also give impact to expansion...

Stronger Domestic Demand Leads to Upside Revision for Japan’s Real GDP...

JAKARTA (TheInsiderStories) - Japan’s real gross domestic product (GDP) growth for the third quarter (3Q) was revised up to 0.4 percent quarter to quarter...

Indonesia’s Bukit Asam Raises Funds US$155M from Treasury Stocks Sale

JAKARTA (TheInsiderStories) - Indonesia coal miner, PT Bukit Asam Tbk (IDX: PTBA) raised fresh funds Rp2.17 trillion (US$155 million) from the sale of 649.98...

Indonesia’s Indosat Plans to Sell Off US$300M Towers

JAKARTA (TheInsiderStories) - Indonesia’ third-largest mobile operator, PT Indosat Ooredo Tbk (IDX: ISAT), plans to raise as much as US$300 million to fund a...

Japan’s Real GDP Growth Slightly Up 2.2% in 1Q

JAKARTA (TheInsiderStories) - Japan’s real GDP growth for the first quarter (Q1) of 2019 was revised up marginally to 0.6 percent quarter to quarter...

Target Aggressive Growth, Adhi Karya to Issue US$71.36M Bond

JAKARTA (TheInsiderStories) — Indonesia’s infrastructure state-owned enterprise, PT Adhi Karya Tbk (ADHI) will release Rp1.02 trillion (US$71.36 million) bond, as the company has several...

Indonesia’s United Tractors Prepares Capex US$800M in 2019

JAKARTA (TheInsiderStories) – An Astra International Group subsidiary, PT United Tractors Tbk (IDX: UNTR), prepared US$800 million in capital expenditure (capex) to develop its...

Need Funds for Expansion, Indonesia’s Indosat Sell Bonds US$142M

JAKARTA (TheInsiderStories) - PT Indosat Ooredoo Tbk (IDX:ISAT) offers conventional bond and SUKUK with the total worth of Rp2 trillion (US$141.84 million), said the...

Solid Capital Expenditure Boosts Japan’s GDP Growth for Q2

JAKARTA (TheInsiderStories) - Japan’s real GDP growth for the second quarter of 2018 was revised up to 0.8 percent quarter to quarter (QoQ, or 3.0...
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