Indonesia is frequently hailed as an emerging market jewel – it is the third fastest growing G20 country and is expected to have the sixth largest gross domestic product by 2030. At the same time, this trajectory is not guaranteed. Without the right priorities, we still stand the risk of falling into the written “middle […]
Read MorePublicly listed coal miner PT Indika Energy, through subsidiary PT Kariangau Gapura Terminal Energi (KGTE), has signed a service agreement worth US$108 million with PT ExxonMobil Lubricants Indonesia (EMLI) to help the latter develop a new fuel terminal Kalimantan.
Read MorePublicly 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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