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Today's Headlines Pelindo III

  • IPO of State Port Operator Pelindo III after Indonesia's 2014 Elections

    Pelabuhan Indonesia III (better known as Pelindo III or Indonesia Port Corporation III), the state-owned company that is responsible for the management, regulation, maintenance and operation of ports in Central Java, East Java, Bali, South Kalimantan, Central Kalimantan, West Nusa Tenggara and East Nusa Tenggara, may conduct its initial public offering (IPO) on the Indonesia Stock Exchange in the fourth quarter of 2014 if market conditions are conducive after the legislative and presidential elections of 2014.

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  • Indonesia Infrastructure Update: Bali Toll Road Officially Opened

    About one week ahead of the APEC Economic Leaders' Week in Bali, Indonesia's President Susilo Bambang Yudhoyono inaugurated the 12.7-kilometer long toll road in Bali on Monday (23/09). The toll road, which runs almost entirely on viaducts above the sea, consists of a north-south route from the city of Denpasar to Nusa Dua, as well as a branch to the Denpasar airport (Ngurah Rai International Airport) and a connection to the port of Benoa. Operator of the Bali toll road is Jasamarga Bali Toll, a consortium of state-controlled companies.

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