Indonesia’s Gross Domestic Product (GDP) grew 5.18% in the second quarter, stronger than the first quarter, The Central Bureau of Statistics (BPS) said Friday (Aug 5). Market participants responded positively. The composite index of Indonesia Stock Exchange (IDX) advanced 0.7% ahead of market closing.
Read MoreBy now, it’s clear for us that the Governor of Jakarta Basuki “Ahok” Tjahaja Purnama will compete in the 2017 gubernatorial race as a candidate backed by a coalition of political parties (Nasdem, Hanura, and Golkar as confirmed backers for the time being). What is not yet clear is who will Ahok choose as his running mate. The answer to that will depend on the largest political party in the Capital City: PDI-P. So, where does PDI-P stand on the matter?
Read MoreBukit Asam (PTBA), the state coal producer, which has aggressively expanded into power generation business, is among the best performing stocks with 136% gain year-to-date despite persistent weakness in the thermal coal market. In the first half of 2016, PTBA’s net profit declined by 10.5% to Rp712 billion, dragged down by weaker performance in the second quarter. Investors, however, were betting on bottoming out of coal.
Read MoreWaskita Karya (WSKT) is among vehicles used by President Joko ‘Jokowi’ Widodo to achieve his ambitious target of completing trans-Java toll road and some toll road projects outside Java by 2018-2019. Compared to other state EPC firms, Waskita Karya was the most aggressive, which can also be seen in 380% jump in cash used for investing activities in the first half of 2016. To get better understanding about the company’s projects and plans, we hereby highlight Q&A during Thursday’s public expose and doorstop interviews.
Read MoreFlag carrier Garuda Indonesia (GIAA) will be the first to use the new Terminal 3 (T3) of the Soekarno-Hatta international airport, as state-owned airport operator Angkasa Pura II is set commence the operation of T3 this coming August 9. GIAA is set to utilize 40% coverage of said terminal. All domestic flights of GIAA will be moved to the T3 from Terminal 2F. The T3 is expected to be fully open to other airlines in March 3, 2017 along with the completion of the airport railway and the intra-terminal, people-mover tram.
Read MoreTwo years have passed since the investigators at the Corruption Eradication Commission (KPK) began the inquisition on the rigged process of converting forest area involving the disgraced Governor of Riau Annas Maamun. Two of the main suspects have been convicted. But apparently the inquisition continues as the KPK had decided to detaine one of the bribe givers. Why has it taken so long to reach this point?
Read MoreUpon reading financial statements of six cable manufacturers listed on Indonesia Stock Exchange (IDX), we can safely conclude that cable was the bright spot in manufacturing sector for the first half of 2016. They enjoyed strong growth, thanks to investments in telecommunication and, most importantly, power transmission projects from PT Perusahaan Listrik Negara (PLN).
Read MoreForeign investors kept buying local stocks while domestic investors opted to make short term gain. Unlike foreign investors, domestic investors have a short time horizon for investing in stocks or capital market. On Thursday (August 4), foreign investors booked net buy of Rp1.03 trillion, bringing year-to-date net buy to Rp31 trillion.
Read MoreThe trial of the former Head of the Specific Civil Appeals and Reconsideration Sub-Directorate in the Supreme Court (MA) Andri Tristianto Sutrisna continues. On the hearing held on August 4, 2016, the Public Prosecutor of the Corruption Eradication Commission (KPK) presented their evidence.
Read MoreThe new Minister of Energy & Mineral Resources (ESDM) Archandra Tahar will appoint a number of staffers, but the exact number of staffers to be appointed has yet to be revealed. Interestingly, however, Archandra has introduced his two of his friends to the Press. He said that the men he introduced would help him at the ESDM Ministry. Will these men be Archandra’s special staffers?
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