• Better Times Ahead for Indonesian Steel Producer Krakatau Steel?

    State-controlled steel manufacturing company Krakatau Steel is optimistic that it will post net profit in 2018 after continuously being plagued by net losses since 2011. Tambok Setyawati, Finance Director at Krakatau Steel, said the company targets USD $24 million in net profit for 2018. This optimistic view is supported by its significantly declining net loss in 2017.

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  • Starbucks Is the Success Story of MAP Boga Adiperkasa

    Indonesian food and beverage company MAP Boga Adiperkasa, part of the MAPI Group, has big expansion plans in store for 2018, especially for Starbucks branches which it operates in Indonesia through a franchise agreement (through subsidiary Sari Coffee Indonesia). Besides Starbucks, the company - through other subsidiaries - is the operator of several iconic brands: Pizza Express, Krispy Kreme, Cold Stone Creamery, and Godiva.

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  • Stock Market Update Indonesia: Tough Day at the Office

    Indonesia's benchmark Jakarta Composite Index was down 1.76 percent to 6,563.28 points by 14:20 pm local Jakarta time on Tuesday (30/01). Indonesian shares follow the overall trend that we see across Asia today. However, due to the record high position of Indonesian stocks at yesterday's close, they are more vulnerable to profit taking amid today's weak market sentiments.

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  • Aviation Industry: How Many Foreign Aircraft Pilots Work in Indonesia?

    Asman Abnur, Indonesian Administrative and Bureaucratic Reform Minister, said a total of 654 foreign airplane pilots currently work in Indonesia. This is a relatively high figure compared to the 7,150 Indonesian pilots as it implies that 8.4 percent of all pilots in Indonesia are foreign. The use of foreign pilots is allowed by the Indonesian government since 2008.

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