May 20, 2016 | Industries, Market, News Group
On Thursday (May 19), the central bank (Bank Indonesia/BI) decided to hold the benchmark BI Rate at 6.75%, while maintaining the Deposit Facility and Lending Facility rates at 4.75% and 7.25% respectively, effective May 20, 2016. Bank Indonesia also announced that the...
May 20, 2016 | Industries, Market, News Group
Telco firm PT XL Axiata Tbk (EXCL) aims to raise Rp6.73 trillion from issuing 2.13 billion new shares through preemptive rights scheme—representing 20% of its enlarged shares capital. The exercise price is set at Rp3,150 per unit. Each shareholder with 100 old shares...
May 19, 2016 | Industries, Market, News Group
The Governor of the Central Bank (Bank Indonesia/BI) Agus D.W. Martowardojo has urged the Islamic Development Bank (IDB) to boost its loan to members. The IDB Group provided loan, financial, and technical aids to its members in the amount of US$12.1 billion in 2015....
May 19, 2016 | Industries, News Group
The Bangka-Belitung islands are not only home to the tin mining company PT Timah Tbk; it is also home to many illegal tin mining companies. The Ministry of Energy and Mineral Resources (ESDM) told reporters yesterday (May 18) that it had managed to uncover the...
May 19, 2016 | Industries, Market, News Group
There’s a rumor that the former head of the President’s Delivery Unit (UKP4) Kuntoro Mangkusubroto will be named as the new Chief Executive Officer (CEO) of PT Freeport Indonesia. The rumor spread like wild fire in the Ministry of Energy and Mineral...
May 19, 2016 | Industries
Nymex’s crude oil fell 1.48% to US$48.05 per barrel in Asian trading this morning. Reuters reported oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the U.S. Federal Reserve signalled that it...
May 19, 2016 | Industries, Market
PT Cikarang Listrindo Tbk offers between Rp1430 and Rp1970 per share for its initial public offering (IPO) of 1.68 billion shares. That means the independent power producer (IPP) could get between Rp2.4 trillion and Rp3.3 trillion. Is it an attractive offer?...
May 19, 2016 | Industries, Market
Albizia ASEAN Opportunities Fund, managed by Albizia Capital, has purchased more shares if PT Catur Sentosa Adiprana (CSAP) Tbk, making it the third largest shareholder behind PT Buanatata Adisentosa and NT Asian Discovery Master Fund. Albizia initially owned 143...
May 19, 2016 | Industries, Market
Tower Bersama Infrastructure (TBIG), controlled by Saratoga Group, booked net profit of Rp747 billion in the first quarter of 2016, jumped 82% from the corresponding period of 2015. Looks impressive, but you might have different view upon reviewing the cashflow...
May 19, 2016 | Commodities, Industries, Market
President Joko ‘Jokowi’ Widodo has finally signed Regulation No. 40/2016 about natural gas price, which would benefit at least seven industries, namely fertiliser, petrochemicals, oleochemicals, iron and steel, ceramics, glass, and rubber processing. The...
