D&B Indonesia

PT Lippo Cikarang Tbk targets rental income from TTL Residence apartment service in Cikarang, West Java, to reach US$ 5 million or around Rp 50 billion per year. The new apartment is targeted to complete by next year and taps foreign workers in Cikar... [More Detail]

PT Pertamina will complete the participation rights acquisition of ConocoPhillips Algeria Ltd., a subsidiary of ConocoPhillips, in 405a Block, Algeria. Muhammad Husen, Pertamina Upstream Director, said Pertamina targets to take over the operation of ... [More Detail]

PT Bank QNB Kesawan Tbk targets fee-based income from bancassurance collaboration this year to surge 46.87 percent to Rp 9.4 billion (US$ 957,486) from last year’s Rp 6.4 billion. The target will be achieved from the collaboration with two life insur... [More Detail]

PT Makinta Securities is targeting to handle two initial public offerings (IPO) this year. According to the company’s directors, the value of the underwriting reached Rp 500 billion. Made Windi Wijaya, President Director of Makinta Securities, said t... [More Detail]

PT Bank Central Asia Tbk will prepare expansion for its subsidiaries, among others PT BCA Sekuritas and PT BCA Finance. This corporate action aims to increase the performance of subsidiaries. President Director of BCA Jahja Setiaatmadja said that thi... [More Detail]

PT Krakatau Steel and PT Semen Indonesia will start building their Rp 310 billion (US$31.58 million) joint company next month to produce slag powder, which is raw material for cement. “The construction of the plant will begin in July, with operations... [More Detail]

PT Bukit Asam Tbk is expected to expand into Myanmar by establishing a joint venture with a local company to run a power plant project. PTBA corporate secretary Joko Pramono said the company was in intensive talks about the firm’s expansion plans int... [More Detail]

Lippo Group has further strengthened its grip on PT Bank Nationalnobu Tbk. The Lippo Group has increased its ownership portion in Bank Nobu through PT Prima Cakrawala Sentosa to 20.95% from previously 5.08%. More than 99.9% of Cakrawala Sentosa’s sha... [More Detail]

PT Smartfren Tbk recorded 78.53 percent growth in revenue for the first quarter of 2013 to Rp 557 billion from Rp 312 billion year-on-year. Revenue for 2012 stood at Rp 1.65 trillion, a growth of 73 percent from Rp 956 billion in 2011. Total customer... [More Detail]

PT Indo Acidatama Tbk allocated Rp 12 billion for capital expenditure (capex) of this year. Lukas Yoyok Nurcahya, Director, said that the amount is the same as last year, and will be used to maintain productive assets. He said that the company target... [More Detail]