Publicly listed coal mining company Indika Energy is back in the black, after being in the red throughout 2016. It recorded a consolidated operating profit of US$8.5 million in the first quarter of 2017, marking a turnaround from a loss of $6.4 million in same period of last year.
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A $265m bond from Indonesia’s Indika Energy met with overwhelming demand and priced at the tightest levels by a miner in Southeast Asia for five years, according to bankers on the deal.
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Fitch Ratings has affirmed Indonesia-based PT Indika Energy Tbk’s (Indika) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDR) at ‘CCC’ and assigned a Positive Outlook. Indika’s senior notes due 2018 and 2023 have also been affirmed at ‘CCC’ with a Recovery Rating of ‘RR4’.
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Very recently more than two thousands global financial and business leaders participating in the 9th Asian Financial Forum (Hong Kong, 18-19 January 2016) concluded that new paradigm for growth must be adopted in the face of the world’s increasing volatility.
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Strong governments with robust and transparent infrastructure master plans and financial contributions from private industry are key to pumping East Asia’s infrastructure pipeline, government and industry leaders told participants at the second day of the World Economic Forum on East Asia.
Read morePublicly listed energy company Indika Energy is looking to develop a mega power plant project with at least US$1.2 billion in investment, to benefit from the government’s plan to boost the country’s power capacity.
Read morePT Indika Energy Tbk. (INDY), an energy company, is targeting the coal production of one of its subsidiaries PT Kideco Jaya Agung to reach 40 million tons this year, or increases by 10% compared to the realization in last year of 37 million tons.
Read moreThe Trade Ministry teamed up with the Investment Coordinating Board (BKPM) to hold anIndonesia Night at the Morosani Schweizerhoff Hotel on Thursday to display the country’s rich cultural heritage through cuisine, fashion, jewelry, dance, traditional cosmetics and spa, and other arts products. Among other top Indonesian business leaders, Indika Energy president director Wishnu Wardhana, were […]
Read moreProfile of Wishnu Wardhana, the 2013 APEC CEO Summit chairman, the APEC Business Advisory Council chairman and leading entrepreneur in Indonesia.
Read moreThree Seaver alumni, Agus Lasmono, Wishnu Wardhana and Arsjad Rasjid who met as young men are now changing Indonesia’s infrastructure at the leading energy company in the country.
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