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MarketScreener Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  PT Adaro Energy Tbk    ADRO   ID1000111305


End-of-day quote. End-of-day quote INDONESIA STOCK EXCHANGE - 01/22
1350 IDR   -4.26%
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Adaro Energy Tbk PT : 1st International Jatiluhur Jazz Festival 2019 kicks off in style at the Jatiluhur Dam

12/03/2019 | 04:51am EST

WEST JAVA, INDONESIA, Dec 3, 2019 - (ACN Newswire) - - The 1st International Jatiluhur Jazz Festival (IJJF) 2019 took place on November 30 & December 1 at Indonesia's largest dam, the Jatiluhur Dam, in Purwarkarta, West Java. The IJJF was produced by Jasa Tirta II, the State-Owned Enterprise (SoE) which manages the Dam and its regions.

Minister of State-Owned Enterprises (MSoE) Erick Thohir stated that the Festival was a form of SoE synergy to boost the potential of economic hubs outside Jakarta. "SoEs can never stand alone like an ivory tower; SoEs are inarguably meant to be contributive to the society and the nation," said the minister.

IJJF 2019 was the inspiration of Jasa Tirta II, the sole SoE officially appointed by the Government of Indonesia to manage the Jatiluhur Dam. Jatiluhur Dam is located 70 km from the country's capital city, Jakarta, and has pivotal roles in provisioning hydroelectric power generation, water supply, and flood control, to name a few, for the West Java and Jakarta.

CEO of Jasa Tirta II, U. Saefudin Noer said, "Themed 'Green, Water & Life', the Festival is held to help promote Jatiluhur Dam as one of West Java's leading tourist destinations. The theme represents Jasa Tirta II's commitment to conserving nature in everything that we do. And through such an event, we believe that we can spread this spirit to the audience."

Jasa Tirta II had the pleasure to collaborate with top Indonesian musician Dwiki Dharmawan as the artistic director of the Festival, and in leading the line up of performers with his band World Peace Project feat. Steve Thornton.

Sharing the stage were Palestinian musician Kamal Musallam, Wizzy, Syaharani & Queenfireworks, Java Jive, Mus Mujiono, Krakatau, 57kustik, Moccondoss 40, Selaawi Ethnic Ensemble, Ermy Kullit, Indro Hardjodikoro feat. Kayla Dias, Farabi Big Band feat. Ita Purnamasari, Idea Percussion, Uban Project, Marcell, Via Vallen and Zaskia Gotik.

Regent of Purwakarta Anne Ratna Mustika said that IJJF 2019 is believed bring a significantly positive impact to the locals, and greatly appreciates Jasa Tirta II's initiative to support the regency's mission to promote the tourism sector. "An event this big will absolutely affect the local economy, especially the small and medium-sized industries," she concluded. (C) Antara.

Copyright 2019 ACN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
PT ADARO ENERGY TBK -4.26% 1350 End-of-day quote.-5.59%
PT JASA MARGA (PERSERO) TBK -1.88% 4690 End-of-day quote.1.30%
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Financials (USD)
Sales 2020 2 651 M - -
Net income 2020 203 M - -
Net Debt 2020 303 M - -
P/E ratio 2020 184 426x
Yield 2020 0,00%
Capitalization 43 181 B 3 082 M -
EV / Sales 2020 16 288x
EV / Sales 2021 14 394x
Nbr of Employees 10 204
Free-Float 43,7%
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Average target price 0,12 $
Last Close Price 1 350,00 $
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Garibaldi Thohir President Director & Chief Executive Officer
Edwin Soeryadjaya President Commissioner
Ah Hoo Chia Chief Operating Officer & Director
Lie Luckman Chief Financial Officer
Julius Aslan Chief Human Resources, IT Officer & Director
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