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Tag: Jakarta

PT Hutama Karya exceeds forecasts, reports 43% increase in profits

State-owned construction company PT Hutama Karya (Persero) reported solid financial performance through the third quarter ended September 2019, according to the company's unaudited financial...

New piracy sites filling the hole left by IndoXXI

Site blocking is effective, but is it enough to deter organised crime groups operating these sites? The Indonesia based IndoXXI group, which controls a large...

WIKA Records 48.3% Net Profit Increase as of Q3-2019

PT WIJAYA KARYA (Persero) Tbk. announced a net profit of Rp1.57 trillion as of Q3-2019, a 48.31% increase year-on-year compared with the same...

WIKA’s Net Profit in 1H-2019 Grows 60.48% Year-on-Year (YoY)

PT WIJAYA KARYA (Persero) Tbk. (WIKA) booked a net profit of Rp1.015 trillion in the first half of 2019, a 60.48% increase year-on-year (YoY)...

Wintermar Offshore (WINS:JK) Reports 1H2019 Results

WINS 2Q2019 revenue rose 15% QoQ to US$14 million, strong improvement in Fleet utilization Wintermar Offshore Marine (WINS:JK) has announced results for 1H2019. WINS 2Q2019...

Mighty Earth Complaint to Forest Stewardship Council (FSC) for dissociation of Korindo dismissed by...

Mighty Earth, a US NGO, filed a complaint to FSC that the Korindo Group should be dissociated from FSC. On November 1, 2017, FSC initiated...

Indonesia Needs an Overhaul in Infrastructure Financing

The Indonesian government, through the Ministry of Public Works and People's Housing (PUPR), has planned to build 732 kilometres (km) of national routes in...

Envy Technologies Indonesia IPO set July 8

PT Envy Technologies Indonesia Tbk (IDX: ENVY), InfoTech service provider, has announced its initial public offering (IPO) on July 8. ENVY plans to offer...

29 Indonesian businesses win SME100 Awards as ‘Fast Moving Companies 2019’

The prestigious award for small and medium enterprises, the SME100 Awards, recognized 29 Indonesian SMEs honored as 'Fast Growing Businesses 2019' in a ceremony...

PT Astrindo Nusantara Targets EBITDA of USD160 Million

PT Astrindo Nusantara Infrastruktur Tbk (IDX: BIPI) is increasingly focused on the integrated energy infrastructure business, a transition reflected in BIPI's Q1 2019 Financial...