Infrastructure Journal

In this edition, we update you the US$5 billion high-speed train project connecting Jakarta and Bandung, the US$3 billion Patimban port project in West Java, and some other infrastructure projects. SPEED TRAIN: Ministry of state-owned enterprises claims all necessary...

Infrastructure Journal

Construction of Phase I of Kuala Tanjung Port in Batubara Regency, North Sumatra province has been 51.9% completed. Three new water reservoirs built by Jokowi-Kalla administration will likely be completed two years ahead of initial schedule. Asian Infrastructure...

Company to Watch: Range International

Range International Limited, which operates production facilities mostly in Indonesia, was admitted to the official list of Australia Stock Exchange (ASX) Thursday, July 21 following the initial public offering (IPO) of 50 million shares at $1 per share. With enlarged...

Manufacturing Journal

Accelerated development of infrastructure should be followed with increasing activities in manufacturing sector. As such, going forward, we will dedicate more of our attentions to investments in the processing industry. As to whether manufacturing will be the next...

VIVA’s Growing Tax Liabilities

Visi Media Asia (VIVA), parent company of TV stations TVOne and ANTV, has just released its first quarter 2016 results. The Company booked net profit of Rp85.7 billion against loss of Rp84 billion in the corresponding period of 2015. But the Company, controlled by...

Further Consolidation of Telcos: Scenarios

With the exception of Telkomsel, four other telecommunication operators have been struggling to make money in Indonesia. Billions of USD have been invested each by Ooredoo, Axiata, Hutchison, and Sinarmas Group in the industry, but they are nowhere near Telkomsel in...

Toll Road Projects Update

The tax amnesty program has boosted confidence of state-owned company Hutama Karya, assigned by President Jokowi to build most sections of the trans-Sumatra toll road project, to issue bonds worth Rp6.5 trillion. What is the status of land acquisition and construction...

Automotive Market Review: First Half

Strong car sales in June lifted domestic market by 1.2% to 531,929 units in the first half of 2016. Motorcycle sales, howver, declined 6.7% to 2.96 million units, despite strong growth in June. Who are winners and losers in the period? What about the second half?...

Cement Industry: Serious Threat from Anhui Conch

Dominant market players like Semen Indonesia (SMGR), Indocement Tunggal Prakarsa (INTP), and Holcim Indonesia (SMCB), have to seriously watch aggressive expansion of Anhui Conch Cement Group from China in Indonesia. After completing second phase of its project in...
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