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Jokowi’s Four Years
First of all, congrats to Joko ‘Jokowi’ Widodo, who survived a turbulent four years. “I give him three months,” an arrogant leader of a major political party supporting Prabowo Subianto in 2014 election, told a friend in late October 2014. Months later, the guy was replaced as chairman of the party. His successor then brought the party to Jokowi’s coalition, which might have contributed to the president’s survival.
Business
Q3 Earnings Season: Stronger Fajar Paper
PT Fajar Surya Wisesa Tbk (FASW), popular as Fajar Paper, is among the best performing stocks with 43.5% gain year-to-date. At the last quoted price, Fajar Paper has market capitalization of Rp19.2 trillion or about 4.8 times equity (as at Sept 30, 2018). The Company has been benefited from higher paper production, including soaring export volume amidst weaker rupiah.
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China Economy Expands 1.6% QoQ in Q3
The Chinese economy grew by 1.6% quarter-on-quarter (Q/Q) in the three months to September 2018, compared to a 1.8% expansion in the previous period. Year on year, Chinese economy advanced 6.5% in the September quarter of 2018,...
Indosat Prepares Capex $2 Billion for 2019
Indosat Ooredoo (ISAT), Indonesian cellular operator prepared capital expenditure (capex) around US$2 billion in 2019, said the newly chief executive Chris Kanter. He said, to make a major transformation there were three things...
Govt Considers to Remove Luxury Homes Taxes
Government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the purchase of luxury homes is taxed in the form of Article 22 Income Tax (PPh) and Sales Tax...
Profiles
Jokowi’s Four Years
First of all, congrats to Joko ‘Jokowi’ Widodo, who survived a turbulent four years. “I give him three months,” an arrogant leader of a major political party supporting Prabowo Subianto in 2014 election, told a friend in late October 2014. Months later, the guy was replaced as chairman of the party. His successor then brought the party to Jokowi’s coalition, which might have contributed to the president’s survival.
