Bayu Buana (BAYU) targets to achieve 30% yoy revenue growth in 2017. The company expects to book Rp1.7t revenue this year. In 9M16, the number of tourists in Indonesia increased 8.5% yoy to 8.36m.
Adira Dinamika Multi Finance (ADMF) plans to issue sustainable bonds worth Rp9.0t in two types – conventional bonds and Sukuk. The proceeds will be used to refinance its debt and for expansion. The company expects its loans to grow 8-9% yoy in 2017.
Christmas on A Great Street will be returning for its eight consecutive year next month, and despite concerns about the sluggish economy, the Orchard Road Business Association (ORBA) is hopeful that the annual Christmas lights event will attract shoppers. Under the theme Spread The Joy, the whole of Orchard Road, spanning 2.9km from Tanglin Mall […]
United Overseas Bank (UOB) posted a 7.8% drop in third-quarter net profit, hurt by a jump in bad debt charges due to losses from its exposure to the oil and gas sector. Singapore banks are facing mounting risks as credit woes deepen for the offshore services sector, which has been hit hard by an almost […]
Many employees had their contracts terminated without clear explanation — just before their firms moved overseas. Others were let go because they did not meet their performance targets, or so they were told. But investigations showed that they are actually disquieting examples of “disguised retrenchments”, a trend the National Trades Union Congress (NTUC) is concerned […]
High-profile cyanide coffee murder suspect Jessica Wongso was sentenced to 20 years in prison by the Central Jakarta District Court. The suspect is expected to the verdict. Jessica maintained that there is no evidence proving that she added cyanide into the coffee.
The House of Representatives passed revisions of the controversial Electronic Information and Transactions Law, Indonesia’s internet law and popularly known as ITE Law, including reducing jail time for violators. The revisions are meant to make implementation of the law — loose interpretations of which have caused public outcries — more consistent. In 2009, Prita Mulyasari […]
Indofood Sukses Makmur (INDF) booked net income of Rp3.2t in 9M16, up 92.5% yoy from Rp1.7t in 9M16. With 9M net income typically contributing an average of 72.4% (over 2012-2015) of full-year net income, 9M16 net income is ahead of our and market expectations, accounting for 82.1% and 81.9% of our and market forecasts respectively.
Indofood BCP Sukses Makmur (ICBP) posted net income of Rp2.8t in 9M16, up 15.9% yoy from Rp2.4t in 9M15. With 9M net income typically contributing an average 80% of full-year net income (over 2012-15), 9M16 net income is in line with our and market expectations, accounting for 78% and 78.6% of our and market forecasts […]
Following in the footsteps of Ilo Ilo by Anthony Chen and Seven Letters, the omnibus film by Boo Junfeng, Eric Khoo, Jack Neo, K Rajagopal, Tan Pin Pin, Royston Tan and Kelvin Tong, “Apprentice” by Boo has been selected by the Singapore Film Commission (SFC), which is part of the Media Development Authority of Singapore […]