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Pertamina Scraps Gas Director Post

JAKARTA (TheInsiderStories) – The government through the State Owed Enterprises (SOE) has changed the structure of Pertamina’s board of directors, including by scrapping the...

WIKA to Start the Construction Serang-Panimbang Toll Road

JAKARTA (TheInsiderStories) - State owned construction company, PT Wijaya Karya Tbk Persero (IDX:WIKA) will soon start the construction Serang-Panimbang toll road (83.7km) under Toll Road...

Bank Mandiri Net Profit up 53% to Rp20 Trillion in 2017

JAKARTA (TheInsiderStories) - The largest state-owned lender PT Bank Mandiri Tbk (IDX:BMRI) booked net profit of Rp20 trillion (US$1.4 billion) in 2017, increased by 53...

Creating an Efficient Gas Value Chain within Holding

JAKARTA (TheInsiderStories) – PT Perusahaan Gas Negara Indonesia Tbk (IDX:PGAS) is expected to approve the establishment of an oil & gas holding company at...

Semen Indonesia’s Volume Sales Rise 10.2% in 2017

JAKARTA (TheInsiderStories) - State-owned cement manufaturer PT Semen Indonesia Tbk Persero (IDX: SMGR) experienced a 10.2 per cent (year-on-year/yoy) increase in domestic cement sales ...

BRI Net Profit up 10.7% to Rp29.04 Trillion in 2017

JAKARTA (TheInsiderStories) – State-owned lender PT Bank Rakyat Indonesia Tbk  (IDX:BBRI) booked net profit of Rp29.04 trillion (US$2.2 billion) in 2017, increased by 10.7 per...

Garuda Looking at US$ 4.9 billion Revenue this Year

JAKARTA (TheInsiderStories) – State-owned flag carrier PT Garuda Indonesia Tbk. Persero (IDX: GIAA) has set a moderate growth target this year after being hit by severe financial...

Morning Briefs – Jan 18

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Government to Set Up Infrastructure Holding  After establishing a...

KAI to Issue Rp2 Trillion Bond to Purchase New Train Cars

JAKARTA (TheInsiderStories) - State-owned railway operator PT Kereta Api Indonesia (KAI) plans to generate Rp2 trillion (US$140 million) from its second corporate bond issuance,...

Hutama Karya Get Syndicated Loans Rp8 Trillion from Seven Major Banks

JAKARTA (TheInsiderStories) - Seven major banks give credits Rp8 trillion (US$592.59 million) for state-owned toll operator PT Hutama Karya to finance Bakauheni-Terbanggi Besar toll road project...

Bukit Asam to Set Aside $1.5B to Build Power Plants in...

JAKARTA (TheInsiderStories) - Indonesia coal producer PT Bukit Asam (Persero) Tbk (IDX: PTBA) has decided to allocate capital expenditures amounting to $1.5 billion to...

Pelindo III, Pelindo IV Tie Up with Third Parties to Optimize...

JAKARTA (TheInsiderStories) – State-owned port operators PT Pelabuhan Indonesia III (Pelindo III) and PT Pelabuhan Indonesia IV (Pelindo IV) have signed memoranda of collaboration (MoC) with...

Astra, Jasa Marga eyes Waskita’s Toll Road Projects

JAKARTA (TheInsiderStories) - Publicly listed conglomerate company PT Astra International Tbk (IDX: ASII) and state-owned toll provider PT Jasa Marga Tbk (IDX: JSMR) has...

Pertamina renegotiates two refinery projects with Saudi Aramco, Rosneft

JAKARTA (TheInsiderStories) - The largest oil & gas producer in Indonesia PT Pertamina stated to reduce some of its financial burden will renegotiate the...

Semen Indonesia to raise Rp3 trillion from bonds issue

JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX:SMGR) announced on Friday of its plan to issue bonds, called Sustainable Bond I Phase I 2017,...

Perusahaan Gas Negara sets capex US$500 million in 2017

JAKARTA (TheInsiderStories) - PT Perusahaan Gas Negara Tbk (IDX: PGAS), publicly listed state-owned gas distributor, has set capital expenditure (Capex) of US$ 500 million...

Waskita offering 17 toll roads to investors to raise funds

JAKARTA (TheInsiderStories) - PT Waskita Karya Tbk (IDX: WSKT), state-owned construction firm, is offering stakes in its 17 toll roads to investors in order to...

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

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

PLN board conducting roadshow to market US$3b global bonds

JAKARTA (TheInsiderStories) - State electricity company PT Perusahaan Listrik Negara (PLN) board is conducting roadshow in a number of world's financial center including London...

Four SOEs offers asset-backed securities Rp15 trillion

BOGOR (TheInsiderStories) - Four state-owned enterprises (SOEs) will offer asset-backed securities with total amount Rp15 trillion in this year, said the minister last week. Power...