Business

Business

Brewing Up

With Savis Tea, Lily Gunawan seeks to grab market for Indonesian premium tea
MP
Marella Putri 3 months ago . 4 min read
Business
Game On
IDX chief Inarno Djajadi is determined to see the Indonesian bourse remain solid amidst election year and global volatility.For the past decade the Indonesia Stock
EC
Ester Christine Natalia 8 months ago . 6 min read
Business
Forward Looking
Forbes Indonesia talks with representatives of international chamber of commerce on investment climate.Foreign direct investment (FDI) realization continues its downward trend for three consecutive quarters
EC
Ester Christine Natalia 8 months ago . 8 min read
Business

Medco Energy To Acquire Ophir Energy

Energy company PT Medco Energi Internasional to buy London-based oil and gas company Ophir Energy for £390.6 million. Both companies signed the letter of acquisition on January 30. The acquisition will be done through Medco’s subsidiary PT Medco Energi Global Pte.Ltd, with an agreed price per share of 55 pence (£0.55), reflecting 65.7% premium than Ophir’s market price as of December 28 of 33.20 pence.Medco aims to further strengthen its position as a leading independent oil and gas player in Southeast Asia by acquiring Ophir oil portfolios and gas assets. It also expects production to increase 29%, while reserves and
EC
Ester Christine Natalia 9 months ago . 1 min read
Business
Michelin Now Owns 80% Shares in MASA
France-based tire producer Michelin tightens its grip on Indonesia market by buying as much as 7.3 billion shares that equals with 80% shares of publicly
EC
Ester Christine Natalia 9 months ago . 1 min read
Business
Time for Ethiopia
Ambassador Admasu Tsegaye insists that now is the right time to invest in his country.
AW
Ardian Wibisono 10 months ago . 6 min read
Business
Building Bridges
Berlin is making the first step to bridge opportunities with Asia, creating the first intercontinental startup ecosystem with wide areas of collaboration for both sides.
MP
Marella Putri 10 months ago . 5 min read
Business
Forbes Indonesia 50 Richest: The Top Gainers
Indonesia strong performance in economy and composite index had made the country tycoons wealthier this year. The biggest gainer in terms of value was the
EC
Ester Christine Natalia 11 months ago . 3 min read
Business
50 Indonesia's Richest Wealth Breaks a Record of $129 Billion
Continued economic growth and a 4.4% rise in the stock market index in the last 12 months have contributed to the gain in net worth of tycoons on the Forbes Indonesia Rich List, which climbed to a record $129 billion
AW
Ardian Wibisono 11 months ago . 3 min read
Business
Indonesia's 50 Richest: The Newcomers
Forbes Indonesia 50 Richest this year welcomes four newcomers coming from different industries to the list: Danny Nugroho, Benny Tjokrosaputro, Sabana Prawirawidjaja, and Kardja Rahardjo.
EC
Ester Christine Natalia 11 months ago . 2 min read
Business
Sat Nusapersada to Team Up with Apple Manufacturer
Publicly listed electronic manufacturer PT Sat Nusapersada (PTSN) announced that it would sign a contract with Taiwan-based Apple manufacturer Pegatron Corporation to assemble its products
EC
Ester Christine Natalia 11 months ago . 2 min read