Coca-Cola Bottling Indonesia isn’t spared from the country’s notorious red tape — becoming instead a symbol of the bureaucratic hurdles that hold back foreigners from investing in this country.
Krakatau Steel, a state-controlled steel maker, expects production from its joint venture unit, Krakatau Posco, to help reduce costs and mitigate risks of a weakening rupiah.
State-owned Enterprises Minister Dahlan Iskan says there are two foreign airline manufacturers that have expressed their interest in taking over ailing Indonesian airline Merpati Nusantara.
Telekomunikasi Indonesia, the country’s largest telecommunications company, has posted an 11 percent rise in net income on the back of growing broadband users.
Indonesia's biggest privately owned airport services provider is seeking to expand in Southeast Asia, rather than at home, as airport infrastructure constraints stymie its growth in the world's fifth-largest market for domestic air travel.
Astra Agro Lestari, Indonesia's largest listed plantation firm, failed to sell 6,000 tons of crude palm oil (CPO) at an auction on Wednesday due to low bids, the firm said in a statement.
Gallant Venture, a Singapore-based investment firm that controls Indomobil Sukses Internasional, has secured a $410 million loan to refinance its debt.
Semen Indonesia, the country’s largest cement maker, has inaugurated a new cement packing plant in Banjarmasin, South Kalimantan, helping to meet demand for local construction material.
Bank of China Jakarta and Bank OCBC NISP were appointed to help arrange a loan of $330 million to finance the construction of an alumina smelter in Kalimantan.