Corporation
Corporation

Corporate Actions Round-Up

Corporate performance reports still carry bad news. The Astra International conglomerate recorded a decline in profit of up to 30 percent last year.

PLN and Dewata Energy Bersih to Erect LNG Terminal in Bali

PLN and a region-owned enterprise of Bali Province are conducting a feasibility study to develop a liquefied natural gas (LNG) terminal. It will supply gas to the Pesanggaran Diesel and Gas-Fired Power Plant (PLTDG).

Corporate Actions Round-Up

Corporations are still aggressively expanding, including through inorganic expansion.

Corporate Actions Round-Up

Corporations are still aggressively seeking funds through rights issues rather than creating debts.

Pertamina Kickstarts Phase 1 Balongan RDMP Project

Pertamina started the construction of Phase 1 of Balongan Refinery Development Master Plan (RDMP) Unit VI, targeting to increase production capacity from 125 million barrels of steam per day (MBSD) to 150 MBSD.

PLN Faces Oversupply Risk

PLN estimated an additional supply of 3,000 MW from power plants in the Java-Madura-Bali (Jamali) System this year. However, the extra generating capacity will widen the electricity oversupply.