The Indonesian government is preparing the tender for the construction of the West Semarang Drinking Water Supply System worth IDR 1.10 trillion (approx. USD $83 million). Sri Hartoyo, Director General of Human Settlements of the Ministry of Public Works and Housing, said the winner of the project is targeted to be announced before the end of 2017. Hartoyo added that authorities are now still in preparation for the procurement of business entities.

Lanjut baca ›

SidoMuncul Herbal, Indonesia´s largest herbal medicine producer, is expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the fourth quarter of 2013. The company, established in 1951, is a fully-modernized herbal company that strives to produce and market products that support the people´s health and well-being. The company will release 20 percent of its shares on the IDX and targets to raise IDR 1.5 trillion (USD $130 million). Kresna Securities acts as underwriter for the IPO.

Lanjut baca ›