• Property Developer Lippo Karawaci Announces Dividend and Profit Projection

    Indonesia's largest listed property developer, PT Lippo Karawaci, will distribute IDR 270 billion (USD $27.8 million) in dividends to its shareholders (IDR 11,86 per share). This amount is equivalent to 25.5 percent of the company's net profit in 2012. The developer posted a 49.7 percent increase in net profit last year to IDR 1.06 trillion (USD $109.3 million). The company is convinced that it will increase its net profit to IDR 1.9 trillion (USD $195.9) in 2013.

    Lanjut baca ›

  • Indonesia's Government Debt Still Low by International Standard

    Indonesian central government debt increased IDR 15.8 trillion (USD $1.6 billion) in the first quarter of 2013 to a total current debt of IDR 1,991.22 trillion (USD $205.3 billion). This total debt consists of loans amounting to IDR 590.2 trillion (USD $60.8 billion) and government securities (Surat Berharga Negara, or SBN) totaling 1,401.1 trillion (USD $144.4 billion). The loans are divided in foreign loans (IDR 588.4 trillion) and domestic loans (IDR 1.8 trillion). The country's debt-to-GDP ratio is currently approximately 24 percent.

    Lanjut baca ›

  • Dyviacom Intrabumi Takes Over Salim Stake in Three Retail Companies

    PT Dyviacom Intrabumi Tbk, an Indonesian internet services provider, has announced to leave the information technology sector as it has not shown significant growth and instead focus on Indonesia's lucrative (food) consumption sector. For that reason it will purchase large stakes in three companies that are engaged in the country's food industry: Indomarco Prismatama, Fast Food Indonesia, and Nippon Indosari Corpindo. The combined costs amount to IDR 6.7 trillion (USD $690.7 million).

    Lanjut baca ›

  • Heavy Equipment Distributor United Tractors Announces Dividend Payout

    Heavy equipment distributor United Tractors announced to pay out dividend amounting to IDR 2.31 trillion (USD $237.9 million), which represents about 40 percent of the company's net income in 2012 (IDR 5.78 trillion). Dividend per share is set at IDR 620 (USD $0.064) and includes interim dividend of IDR 210 that was distributed in November 2012. The remaining IDR 410 per share will be paid out on 31 May 2013. United Tractors also announced to launch two new products.

    Lanjut baca ›