Infrastructure Journal

Indonesian economy needs stronger investments in various sectors to grow faster. Investors, however, want to see improvement in logistics and infrastructures, Indonesia’s weakest point vis-a-vis neighbours. Other than laying strong foundation for future growth, infrastructure development is a social safety net, absorbing millions of workers kicked out from resources industries in the past few years.

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Citra Maharlika Seeking New Investor?

PT Citra Maharlika Nusantara Corpora Tbk (CPGT) (formerly known as Cipaganti) mulls seeking a new investor to help fund its debt restructuring program. Tri Hartanto, who is involved in CPGT’s debt restructuring process, told reporters on Thursday (Dec 8) that the option of seeking for new investors had been included on the proposal for debt restructuring.

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The End for Rohadi

The former Registrar of North Jakarta District Court Rohadi, who was caught after receiving bribes related to the case of sexual abuse involving a celebrity named Saipul Jamil, was found guilty after two months of proceedings. In the last hearing held on December 8, 2016, the Panel of Judges of the Corruption Court oft the Central Jakarta District Court decided to sentence Rohadi to 7 years in prison.

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Indonesia v. Churchill Mining: Victory for Indonesia

It has been more than a year since the last time we reported on the process of the International Centre for Settlement of Investment Dispute (ICSID) trial on the dispute between the Government of Indonesia and Churchill Mining Plc and its subsidiary Planet Mining Pty Ltd. On December 6, 2016, the ICSID finally decided in favor of Indonesia. This is an important victory for Indonesia since it is the first time for the Government to win in international arbitral trial with the losing end required to pay compensation to the State.

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Market Gain & Global Concern

Global markets closed in green on Thursday (Dec 8) after the European Central Bank (ECB) decided to keep interest rates unchanged. The ECB also extended its quantitative easing program until December 2017, but will reduce purchases to 60 billion euros per month from 80 billion euros.

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A New DPR Leadership? (3)

In the previous instalment of this article, we talked about the PDIP’s attempt to lobby other political parties in the House of Representatives (DPR) to revise the Legislative Institution Law (MD3) No. 17/2014 in order to get a seat in the DPR leadership. Should PDIP succeed, the question is who will they put forward as their representative?

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A New DPR Leadership? (2)

The ruling party PDIP continues to lobby other political parties in the House of Representatives (DPR) in order to get support for their move to revise the Legislative Institution Law (MD3) No. 17/2014. This is their most recent attempt to claim their position at the DPR leadership. But will PDIP succeed this time? Will there be a compromise between political parties in the DPR, if so what kind of compromise will that be?

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Rekso Group’s Hospitality Business

Rekso Group, controlled by Sosrodjojo family, is famous for its bottled tea Sosro. The group is also known as operator of McDonald’s fast food restaurant chain in the country, which was acquired few years back. Accordingly, Rekso is considered one of market leaders in F&B business. Like other conglomerates, Rekso has interests in some other businesses, including agriculture, manufacturing, trading, and property. In this issue, let’s talk about the group’s property business.

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Precast Business: Waskita vs WIKA

Waskita Beton Precast (WSBP) booked net profit of Rp392 billion in Jan-Sep 2016, jumped by 85.7% from the corresponding period of 2015, thanks to strong sales revenue growth of 89.7% to Rp3.07 trillion. Wijaya Karya Beton (WTON), meanwhile, posted net profit of Rp164 billion, also jumped by 87.4% from the same period last year. Both are benefited from infrastructure projects, especially public transportation projects.

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Coal market: Mixed Data

Shares of coal producers end mixed worldwide Thursday as investors got mixed market data. Coal prices in OTC market continued its correction to US$84 per ton, but strong November import by China suggests difficulties in resumption of domestic production.

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December 2016
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