Below is a list with tagged columns and company profiles.

Today's Headlines Construction

  • Waskita Karya Shares Down after Gov't Halts Elevated Construction Projects

    Waskita Karya Shares Down after Gov't Halts Elevated Construction Projects

    Shares of listed construction company Waskita Karya are under pressure on Wednesday (21/02) after the Indonesian government decided to temporary halt all elevated construction projects that involve girder installations (which include projects such as flyover toll roads, bridge construction, and the light rail transit, or LRT).

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  • Nindya Karya Plans IPO on Indonesia Stock Exchange in 2018

    Nindya Karya Plans IPO on Indonesia Stock Exchange in 2018

    State-owned construction company Nindya Karya plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018 as the firm's corporate earnings have improved after its restructuring and revitalization programs. Nindya Karya business involves (1) general contracting, (2) engineering, procurement, Construction (EPC) and (3) realty.

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  • Heavy Equipment Production & Sales on the Rise in Indonesia

    Heavy Equipment Production & Sales on the Rise in Indonesia

    Production and sales of heavy equipment in Indonesia is recovering more markedly in 2017 on the back of rising activity in the country's mining and construction sectors. Between 2012 and 2015 sales of heavy equipment plunged sharply in Indonesia. In 2016 a modest recovery was seen. This year, the recovery of Indonesia's heavy equipment sector is progressing at a faster pace.

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  • Infrastructure Competitiveness Indonesia: Reason for Optimism?

    Infrastructure Competitiveness Indonesia: Reason for Optimism?

    After seeing the World Economic Forum (WEF)'s Global Competitiveness Report 2017-2018, Indonesian construction companies gained optimism that the improved ranking of Indonesia in terms of infrastructure competitiveness will translate to more private sector involvement in the country's infrastructure sector.

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  • Brantas Abipraya Plans IPO on Indonesia Stock Exchange in 2018

    Brantas Abipraya Plans IPO on Indonesia Stock Exchange in 2018

    Indonesian state-owned construction company Brantas Abipraya targets to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Suradi Wongso, Finance Director of Brantas Abipraya, said the company plans to offer 30 percent of its total share capital to the public through this corporate move, collecting IDR 3 trillion (approx. USD $226 million) along the way.

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  • IPO Wijaya Karya Bangunan Gedung on the Indonesia Stock Exchange

    IPO Wijaya Karya Bangunan Gedung on the Indonesia Stock Exchange

    Wijaya Karya Gedung (Wika Gedung), a subsidiary of construction firm, Wijaya Karya, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company, which focuses on the construction of private buildings, offices, apartment, shopping centers, and other commercial as well as non-commercial buildings, plans to offer 30 percent of its total share capital to investors. Wika Gedung targets to raise a total of IDR 1.5 trillion (approx. USD $114.5 million) from this move.

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  • Heavy Equipment Industry Indonesia Plagued by Low Commodity Prices

    Heavy Equipment Industry Indonesia Plagued by Low Commodity Prices

    Production of heavy equipment in Indonesia fell 23 percent (y/y) to 4,100 units in 2015 due to the weak conditions in the mining and agriculture sectors. Traditionally, most of heavy equipment sales occur in these two sectors. Weak demand caused utilization of the nation's installed production capacity for heavy equipment to fall to 41 percent in 2015 from 51 percent in the preceding year. When fully utilized Indonesia can produce an estimated total of 10,000 units of heavy equipment per year.

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  • Construction Firm Adhi Karya Thriving on Indonesia's Infrastructure Push

    Construction Firm Adhi Karya Thriving on Indonesia's Infrastructure Push

    Indonesian publicly-listed construction firm Adhi Karya is expected to be one of the main beneficiaries of the government's push for infrastructure development across the archipelago. Adhi Karya is for 51 percent government-owned and therefore has close ties with the government. In the first ten months of 2015 Adhi Karya clinched IDR 10.6 trillion (approx. USD $774 million) worth of new contracts, up 100 percent from contracts won in the same period last year. Nearly half of these contracts involve projects (partly) financed by the central or local governments' budgets.

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  • IPO of Indonesia Pondasi Raya (Indopora) on the Indonesia Stock Exchange

    IPO of Indonesia Pondasi Raya (Indopora) on the Indonesia Stock Exchange

    Construction firm Indonesia Pondasi Raya plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in December 2015. The company, better known as Indopora, aims to raise around IDR 530 billion (approx. USD $39 million) by offering 303 million shares, or 15.1 percent of its paid-up capital, at a price ranging between IDR 1,280 and IDR 1,920 per share. This range is based on a price-to-earnings ratio of 8 to 12 times. Kurnia Salim, Head of Institutional Business at Yuanta Securities Indonesia, said Indopora is projected to collect IDR 333 billion (approx. USD $25 million) in net profit in 2016.

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  • Infrastructure Development Indonesia: Hotel Construction to Grow in 2016

    Infrastructure Development Indonesia: Hotel Construction to Grow in 2016

    In line with rising tourism in Indonesia, the value of hotel construction in Southeast Asia's largest economy is expected to grow 16 percent to IDR 21 trillion (approx. USD $1.6 billion) in 2016. Most of the new projects - roughly 21 percent - are located in the Greater Jakarta area. Besides tapping the tourism potential, hotel developers also want to tap the business potential, meaning that due to expected accelerated economic growth in 2016, there will arrive more foreign businessmen in Indonesia to attend meetings and other activities, particularly as the ASEAN Economic Community comes online.

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Latest Columns Construction

  • Indonesia’s Property and Construction Sector Leads the Way for the IHSG

    In the first five months of 2013, Indonesia’s main stock index (IHSG) rose 16.62 percent to a near record high level at 5,068.63 points on Friday (31/05/13). Initially, both analysts and investors were concerned that Indonesia would experience its traditional ‘May Cycle’, the term which refers to the usual fall of Indonesia’s index in the month of May. However, reality proved different as the index recorded a small gain of 7.71 points (0.15 percent) last month.

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