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View all search resultsastra
Business 8 years ago
Surya Semesta gets approval to sell unit’s shares to Astra
Shareholders have approved PT Surya Semesta Internusa’s (SSIA) plan to sell its shares in PT Bhaskara Utama Sedaya (BUS) under its subsidiary PT Karya Sedaya Sejahtera (KKS) to Astra subsidiary PT Astratel Nusantara for Rp 2.34 trillion (US$175.55 million).
Business 9 years ago
Astra Agro Lestari predicts lower output in El Niño aftermath
Publicly listed plantation firm PT Astra Agro Lestari, a subsidiary of diversified conglomerate Astra Internasional, expects to see lower palm oil production this year compared to that in 2015 as a result of the El Niño weather phenomenon.
Business 9 years ago
Astra skeptical about Peugeot's Southeast Asian expansion
Publicly listed diversified conglomerate Astra International, whose subsidiary PT Tjahja Sakti Motor (TSM) is the sole distributor of Peugeot in Indonesia, has shared its pessimism that the French car manufacturer’s plan to build a production facility in Southeast Asia would increase its sales in the domestic market, due to different market preferences.
Business 9 years ago
Affirming automotive dominance, Astra may face LCGC cannibalization
PT Astra International has revamped its dominance in the national automotive industry, thanks to the selling-out of low-cost green cars (LCGC). However, there is a risk of competition among the company's internal brands after its launch of new cheap cars recently.
