4 February 2019

Ensuring RI’s next stage of growth with ‘high potential enterprises’

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 More
13 April 2018

Indika Energy secures US$ 108m service agreement with Exxon

Publicly 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 More
28 April 2017

Rising coal price puts Indika Energy back in the black

Publicly 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.

Read More
6 March 2017

Fitch Assigns Indika Energy Positive Outlook on Higher Coal Prices

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’.

Read More