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NEW UPDATES Asean Affairs  3 April 2014  

Nusa Konstruksi’s profits jump by 40 percent

Publicly-listed construction company PT Nusa Konstruksi Enjiniring (DGIK) booked year-on-year (y-o-y) growth of nearly 40 percent in its net profits in 2013 thanks to a significant increase in building construction demand.

The company said in a statement Tuesday that net profits rose by 39.27 percent to Rp 66.11 billion (US$5.84 million) last year from Rp 47.47 billion it earned the previous year. Its revenue climbed by about 19 percent y-o-y to Rp 1.45 trillion. Nusa corporate secretary Djohan Halim said construction contributed 64 percent of the company’s total revenues last year, while the rest was from infrastructure projects.

“We took on more building construction work last year,” he said, adding that in 2012, building and infrastructure projects contributed equally to the company’s revenues.

The building projects that contributed to the company’s 2013 revenue include Sahid Jogja Lifestyle City super block in Yogyakarta and Alam Sutera Prominence Office Tower in Tangerang, Banten. The company also worked on several civil projects, including an infrastructure project in Martabe gold mine in North Sumatera and road project for oil firm Chevron in Duri, Riau.

Nusa’s total contracts in 2013 reached Rp 3.6 trillion. The company has also secured Rp 2.1 trillion carry-over contracts to be worked this year.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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