KRAS Prepares 1x150MW Steam Power Plant in December 2017
Krakatau Steel (Persero), Tbk (KRAS IJ) is preparing the installation of the 1x150MW Steam Power Plant (PLTU) project in mid December 2017. This project is still in the pre-qualification phase, being discussed with the investment committee. The power plant will be used to generate electricity at a low cost as a part of the effort.
Read More...Chandra Asri Sign EPC Contract to Toyo Engineering
Chandra Asri Petrochemical, Tbk (TPIA IJ), is the only company in Indonesia that possesses a naptha cracker, has signed an EPC (engineering, procurement, and construction) contract with Toyo Engineering Group. Its contract is for the construction of a new Polyethylene facility located in the Naptha Cracker complex in Cilegon, Banten. These new plant facility will.
Read More...Antam’s EBITDA Growth 35%, amidst Commodity Price Volatility
Aneka Tambang, Tbk (ANTM IJ), is one of the largest miners in Indonesia, reported its Earnings Before Interest, Tax and Depreciation (EBITDA) worth IDR361.8bn during 1H2017, or higher 35% compared to same period 2016. For the record, the average nickel price at level USD4.55 per pound, and gold at USD1,272 per oz during 1H2017. In.
Read More...Perusahaan Gas Negara’s Revenue USD1.4bn in the Weakening Economy
Perusahaan Gas Negara, Tbk (PGAS IJ), recorded the revenue USD1.4bn during the weakening economy in the 1H2017. The largest contribution came from the natural gas, followed by oil and gas sales. Despite the weakening economy, the company will build the natural gas infrastructure to expand the natural gas distribution to public. Natural gas distribution’s revenue.
Read More...Subsidiary Pushed Ancora Losses Widen in 1H2017
Ancora Indonesia Resources, Tbk (OKAS IJ) booked a loss of USD5.9mn in 1H2017, from a loss of USD4.2mn at same period last year. The loss to the declining performance of its subsidiary, Multi Nitrotama Kimia (MNK), which produces ammonium nitrate. The company’s gross profit declined by 90% from USD4.2mn in 1H2016 to only USD418,000. Another.
Read More...Max Strength Cement the Latest Semen Indonesia’s Product
Semen Indonesia, Tbk (SMGR IJ), is the largest cement maker in Indonesia, introduced Max Strength Cement, the latest cement product which is claimed to be the first Portland slag cement produced in Indonesia. For the record, the company group’s production capacity is 34 million tons, around 41.7% for the industry nationally. Max Strength Cement is.
Read More...Jasa Marga KIK-EBA’s Demand Reaching Twice from its Target
Jasa Marga, Tbk (JSMR IJ), a state-owned toll road operator, issued an asset-backed collective investment contract (KIK-EBA) on Thursday (30/08). This KIK-EBA’s issuance incoming bids reached IDR5.1trn, 2.5 times from its target IDR2trn (USD150mn), may be able to push down company’s cost of funding below bank interest. Under this KIK-EBA’s 5y tenors, Jasa Marga will.
Read More...Fifty Seven Promenade Support Intiland’s Marketing Sales
Intiland Development, Tbk (DILD IJ), a property company, has exceed its marketing sales target in 1H2017, support by Fifty Seven Promenade, a company’s newly launched property project, in line with the rise of domestic’s consumer purchasing power. The company targets its marketing sales up to IDR2.3trn in 2017, doubled from its marketing sales last year..
Read More...Perusahaan Gas Negara’s Revenue USD1.4bn in the Weakening Economy
PT Perusahaan Gas Negara, Tbk (PGAS IJ), recorded the revenue USD1.4bn during the weakening economy in the 1H2017. The largest contribution came from the natural gas, followed by oil and gas sales. Despite the weakening economy, the company will build the natural gas infrastructure to expand the natural gas distribution to public. Natural gas distribution’s.
Read More...Global Mediacom Released IDR1.1Trn Bonds and Sukuk
Global Mediacom, Tbk (BMTR IJ) offers continuous bond and Sukuk worth IDR850bn and IDR250bn respectively. The company will use the funds added with IDR150bn from Sukuk emission to pay off bonds that will due on 12 July 2017 and the IDR100bn to be used for company’s working capital. The bond will offer in three series.
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