Chandra Asri (TPIA): FY16 Results & Outlook

Shares of Chandra Asri (TPIA), the largest petrochemical company in Indonesia, inched up 0.5% only this morning despite strong performance reported in the fourth quarter of 2016. Higher average prices of naphtha, key feedstock for an olefin center, might have weighed...

Selection of New MK Justice & Politics

The process of selecting a new justice of the Constitutional Court (MK) to replace Patrialis Akbar is entering a crucial stage. The committee tasked with the process has just announced the names of the 12 candidates that passed the first selection round. Who are...

The New Ambassadors & Politics

President Joko “Jokowi” Widodo is set to take the oath of 17 new Indonesian ambassadors this afternoon (Mar. 13). Three out of said 17 new ambassadors are politicians from political parties that are members of President Jokowi’s ruling coalition. One is known for...

Judicial Review of PP No. 72/2016

In December 2016 the Government promulgated the Government Regulation (PP) No. 72/2016 (to revise the PP No. 44/2005 on Procedure and Administration of the State Capital Investment in State-Owned Enterprises and Limited Liability Companies). The PP 72/2016 was meant...

Market Snapshots & Corporate Actions

Domestic investors opted to selling local stocks on Friday last week (Mar 10) as market sentiment is undermined by expected Fed rate hike this week. The composite index of the Indonesia Stock Exchange (IDX) fell 0.2% to close at 5,390. Foreign investors, however,...

The Fed Rate & the Rupiah

The Central Bank (Bank Indonesia/BI) expects the Federal Reserve to raise its Fed Funds Rate by 25 basis points at the coming Federal Open Market Committee (FOMC) meeting (14-15 March 2017). This move should put some temporary pressure on the Indonesian rupiah (as...

Lippo Exits Casino Project, Expands Healthcare

After nearly one year of talks, Lippo Group has finally decided to exit from a casino project in Incheon, South Korea. Lippo Limited and OUE Limited, two entities directly/indirectly controlled by Riady Family/Lippo Group, have announced respectively their decisions...

The E-KTP Graft Case & Failure of Political Financing Reform

Politics is expensive. To get in, one must spend significant financial capital. The problem is that political financing in Indonesia lacks transparency, and it is thusl a cause for concern. The Country has so far failed to come up with means to avoid scenarios whereby...

Infrastructure Journal No. 10/2017

Questions surrounding financing of light-rail transit (LRT) projects in Jakarta, greater Jakarta, and Palembang might not be fully addressed by the government. Other public infrastructure projects, including water pipeline, public housing, airports, and toll roads,...
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