Author: yosefardi.com

PKPU for PT Bima Multi Finance

Posted by | Jun 29, 2017 |

PT Bima Multi Finance, the subsidiary of PT Cipta Citra International entered their period of Suspension of Debts Payment (PKPU) on May 19, 2017. The Company filed voluntarily, acknowledging that it was having financial difficulties. The meeting of creditors have been held several times and the Company had presented their peace proposal, but the negotiation continues. The next meeting of creditors is scheduled to be held on July 7, 2017. The creditors will vote on the proposal, and if accepted, the Company will be able to restructure its debts.

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Resources Prima vs ABM Investama

Posted by | Jun 29, 2017 |

While other coal producers enjoyed recovery in the past few quarters, SGX-listed Resources Prima Group Ltd’s future is on the line, which might significantly affecting financials of PT Cipta Kridatama, coal mining contracting subsidiary of ABM Investama (ABMM).

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Jokowi & Islam Politics (5)

Jokowi & Islam Politics (5)

Posted by | Jun 29, 2017 |

A day after a meeting with President Joko “Jokowi” Widodo at the State Palace Jakarta, the so-called National Movement to Safeguard the Indonesia Ulema Council’s Fatwa (GNPF-MUI) revealed the details of their encounter and their next plan. The GNPF-MUI plans to, among others, hold a halal bihalal (local term for a post-Ramadan gathering to celebrate Eid Al-Fitr) with those who participated in the defend Islam rallies and the defend ulema rallies.

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Debt Update

Posted by | Jun 29, 2017 |

The Indonesian Central Bank (Bank Indonesia/BI) reported on Wednesday (June 28) that Indonesia’s foreign financial liabilities (FFL) position at the end of Q1/2017 rose 4.3% (qtq) to US$643.9 billion. The increase was mainly driven by mounting portfolio investment inflows in rupiah-denominated instruments (SUN, SPN, and stocks) as well as the government’s global sukuk issued in March 2017.

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New Economic Policy Packages

Posted by | Jun 29, 2017 |

After unveiling the 15th Economic Policy Package focusing on logistics and the implementation of Indonesia National Single Window, the Government is now preparing the 16th and 17th Economic Policy Packages, still focusing on logistics. The Coordinating Minister for Economy Darmin Nasution said that with the upcoming policy packages, the Government aims to cut dwelling time.

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