Author: yosefardi.com

Stock to Watch: Mitra Keluarga Hospital

PT Mitra Keluarga Karyasehat (MIKA) Tbk, operator of Mitra Keluarga Hospital chain, kicks off trading of its shares on Indonesia Stock Exchange (IDX) Tuesday (March 24). Starting with market capitalization of Rp24.74 trillion, Mitra Keluarga becomes the fourth hospital operator listed on IDX after Mayapada, Omni, and Siloam.

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Market Snapshots: Update Report on Economy

The composite index of the Indonesia Stock Exchange (IDX) ended down 0.1% at 5437 on Monday (March 23), reversing earlier gains as profit taking hit. Foreign investors booked net sell of Rp394 billion, cutting further their net buy to Rp6.95 trillion year to date. The rupiah was traded flat at Rp13,076 against the US dollar.

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Jokowi’s Inner Circle at Jasa Marga

Appointment of commissioners at state-owned companies has drawn criticism in the past few months. Starting with the appointment of Diaz Hendropriyono as commissioner of Telkomsel, the largest cellular operator subsidiary of state-owned PT Telkom Tbk, to the appointment of President Joko ‘Jokowi’ Widodo’s cousin as commissioner of Jasa Marga, the largest toll road operator.

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BRI’s New Board & The Politics

Shareholders of Bank Rakyat Indonesia (BBRI)—the second largest bank in Indonesia by total assets—have appointed new commissioners and directors. Some of them are interestingly linked to political parties from both the Great Indonesia ruling coalition (KIH) and the Red-and-White opposition group (KMP).

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Security Briefing: Police Arrested Self-Proclaimed ISIS Financier

The head of the hard-line group Islamic Reform Movement (Garis) Chep Hermawan made a revelatory statement last week. He claimed that he’s the financiers behind Indonesians joining the State of Iraq and Syria (ISIS). The Indonesian National Police (POLRI), however, believe that Chep was lying and that he had simply sought to create a media sensation. POLRI said that they had investigated Chep and found no proof supporting his claim.

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