Switzerland based insurer ACE and its local partner have inked a deal to acquire PT Asuransi Jaya Proteksi in Indonesia for nearly $130m in cash. Commenting on the Indonesian acquisition, ACE vice chairman and chief operating officer John ...
Tags: insurer, ACE, PT Asuransi Jaya Proteksi, life insurance
Japanese carmaker Toyota along with its five subsidiaries is planning to invest about IDR13trillion ($1.34bn) in Indonesia over the next five years to expand its capacity in Southeast Asia. The five Toyota group's subsidiaries include ...
Tags: Toyota, Karawang facility, new vehicle, engine control units
P T Honda Prospect Motor (HPM), Honda's joint venture firm in Indonesia, has started construction of its new IDR3.1 trillion ($328m) automobile production plant in Karawang Industrial Park in a suburb of Jakarta. The new automobile plant, ...
Tags: P T Honda Prospect Motor, new multi-purpose vehicle, production plant
Swiss food company Nestléis set to open a$200m plant in Karawang,West Java,Indonesia,in the first quarter of 2013. The plant,which is the company's fourth facility in the country,is located on a 28.8-hectare plot in Surya Cipta ...
Tags: infant cereals, chocolate malt drinks, production capacity
Indian automobile company Tata Motors has established a wholly-owned subsidiary based in Jakarta called PT Tata Motors Indonesia. Through PT Tata Motors Indonesia, the company said it will produce both passenger and commercial vehicles. ...
Tags: Tata, new subsidiary, Indonesia
Japanese carmaker is planning to reduce its production in the country by 15% with rising manufacturing costs triggered by a stronger yen and declining domestic demand. Nissan will halt production at one of two lines at the company's main ...
Tags: Japanese, Nissan, domestic production
The recent announcement of increase in wages by the Indonesian Government will mar the competitiveness of the country’s garment sector, according to the Indonesian Textile Association (API). The association said that the wage ...
Tags: Indonesia, Wage, Harm Indonesian Apparel Sector, API
State-of-the-art facility provides customers with competitive time-to-market advantage. DHL Global Forwarding, the air and ocean freight arm of DHL, today reaffirmed its long-term commitment in Indonesia with the opening of a US $3 ...
Tags: logistics services, DHL, DHL Express, DHL Global Forwarding
Japan's largest upstream company Inpex said Monday it has awarded a front end engineering and design contract to UK-based engineering firm Wood Group,for subsea production facilities at the Abadi LNG project in Indonesia. Under the ...
Tags: Inpex, Wood Group, LNG project, subsea production facilities
St.Regis Hotels&Resorts and Fashion Designer Jason Wu Unveil Limited-Edition Travel Bag Inspired by Today's Grand Tour For centuries,affluent travelers would go on a grand tour through Europe to collect experiences and cultivate ...
Tags: Travel Bag, Limited-Edition, tour
The Jakarta Post reported that low average selling price of steel resulting from an oversupply in the domestic market hit earnings of the country's major steel producers in the first nine months of this year. Mr Edward Pinem executive ...
Tags: Industry Trends, Fasteners, steel
The Jakarta Globe reported that local miner Indopura Resources joined forces with Chinese miner Hainan Joint Enterprise Business Service to build a bauxite smelter at a cost of about USD 700 million. The funding for the smelter will be ...
Tags: bauxite smelter, miner, China Construction Bank International
Indonesia based garment producer PT Pan Brothers is planning to unveil its own label by second quarter of 2013,company Vice President and Director Anne Patricia Sutanto said. The company,which caters to international brands like The ...
Tags: Apparel Label, Pan Brothers, new brand
Indonesia based garment producer PT Pan Brothers is planning to unveil its own label by second quarter of 2013,company Vice President and Director Anne Patricia Sutanto said. The company,which caters to international brands like The North ...
Tags: PT Pan Brothers, own label, lifestyle clothes, North Face, Calvin Klein
Prime Source Forum(PSF)-Focus on ASEAN will make its debut in Jakarta,Indonesia on 30 January 2013,bringing the established PSF brand,which has seen 7 successful editions in Hong Kong and the first PSF satellite event in Delhi held last ...
Tags: PSF, ASEAN, forum, fashion industry