Telkom: FY16 Results & Outlook

Shares of PT Telkom Tbk (TLKM), the largest telecommunication company in Indonesia, opened higher by 1.3% Monday (Mar 6) as investors responded positively the Company’s solid performance last year. Telkom booked net profit of Rp19.35 trillion last year, an increase of...

Jakarta Election Runoff: Tension Rising

The Jakarta Election Commission (KPUD) officially announced the runoff stage of the capital city’s gubernatorial race with incumbent pair Jakarta Governor Basuki “Ahok” Tjahaja Purnama and his running mate Djarot Saiful Hidayat (Ahok-Djarot) going head-to-head...

Speculation on the Next Wakasad

The Army Deputy Chief of Staff (Wakasad) Lt. Gen. M. Erwin Syafitri will enter his mandatory retirement age on Apr. 9, 2017. This is yet another chance for President Joko “Jokowi” Widodo to tailor fit the Army’s leadership in order to continue his consolidation of...

Update on Pertamina Trans Kontinental’s Graft Case

On March 2, 2017, the Attorney General’s Office (AGO) examined Ahmad Bambang, the former vice president director of PT Pertamina (Persero), as a witness in the graft case of PT Pertamina Trans Kontinental (the subsidiary of Pertamina). It was later revealed that...

The E-KTP Graft Case and the Plan to Revise the KPK Law

The Corruption Eradication Commission (KPK) wrapped up their examination of the two suspects in the electronic identity cards (E-KTP) graft case in the first week of February 2017. By March 1, the dockets of suspects Sugiharto and Irman were transferred to the...

More Challenges for the Economy?

The Central Bank (Bank Indonesia/BI) expects Indonesia’s economy to grow by 5% in the first quarter (Q1) of this year, the lower bound of 5-5.4% growth target for this year. Agus Martowardojo, BI governor, said that the economic condition during Q1...

Multi Bintang (MLBI): FY16 Results & Outlook

Multi Bintang Indonesia (MLBI), the largest beer player in the country, booked net profit of Rp982 billion last year, nearly doubled from 2015 due to normalized retail sales and growing tourism industry. The Company, controlled by Dutch beer company Heineken...

IPO of SoEs & Corporate Actions

State-owned Enterprises Ministry (SoEs) is aiming to launch the initial public offering (IPO) of nine SoEs this year, including PT Tugu Pratama, subsidiary of state-owned oil and gas firm Pertamina, and Jasa Armada, subsidiary of state-owned port operator Pelindo II....

Toll Road Projects Update

State-owned company Waskita Karya (WSKT) generated Rp218 billion of revenues from toll roads last year, skyrocketed from Rp31.8 billion in 2015 following commercial operation of Section I and II of Pejagan-Pemalang toll road under the trans-Java toll road program....
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