Indonesian Political, Business & Finance News

Archive: 24 September 2007

5 articles found

Indocement Expanding Capacity

The country's second largest cement maker PT Indocement Tunggal Prakarsa is set to increase annual production capacity to 20 million tons by 2009.Indocement, 65.12% owned by German giant Heidelberger Zement Ltd, has three plants with a total capacity of 15 million tons.

Excelcomindo Gains from Tariff Cut

Third-largest mobile phone operator, PT Excelcomindo Pratama, signed up a million new users in just over two months, bringing its total number to 11.5 million by early this month, its chief said late on Wednesday (19/9/07).

Russia's Eyes on Excelcomindo

Altimo, the telecommunications arm of Russian conglomerate Alfa Group, plans to buy 20% to 25% of Indonesian mobile operator Excelcomindo Pratama, the newspaper Vedomosti reported Friday.It cited an unnamed member of a recent Russian government delegation to Indonesia as saying Altimo will take...

Telcos could afford to cut charges, says study

Research by Bandung's Padjadjaran University (Unpad) on the mobile telecommunications industry has found cell phone operators' high earnings mean they could afford to lower their charges.At present, industry players boast an average EBITDA (earning before interest, taxes, depreciation and...

Massive bridge to connect Java and Sumatra

Banten Governor Ratu Atut Chosiah says her administration has agreed with Lampung province to start building a bridge over the Sunda Strait separating Java and Sumatra in 2009."I have proposed to the National Planning Body (Bappenas) to include the Sunda Strait bridge plan into the national spatial...