Jan 8, 2016 | Industries, Market, News Group
Stocks and currencies across Asia are under heavy pressure on Thursday (Jan. 7) after China’s central bank set its yuan rate 0.51% lower (at 6,5646 per US dollar). As a result, Chinese shares plunged over 7% (triggering the new circuit-breaking mechanism –...
Jan 8, 2016 | Industries, Market, News Group
The Investment Coordinating Board (BKPM) targets investment to reach Rp595 trillion for this year, a 14.5% rise compared to last year. The uncertainty of global economic development might affect the investment this year. BKPM expects foreign investment to reach Rp386...
Jan 7, 2016 | Industries, Market, Reviews
PT Semen Indonesia (SMGR) Tbk, the largest cement producer in Indonesia, reported yet another strong sales in December 2015 over the same month of 2014, thanks to acceleration of infrastructure development in the country. Agung Wiharto, corporate secretary of SMGR,...
Jan 7, 2016 | Commodities, Industries, Market, Reviews
Indonesia is under pressure to reduce its carbon emision under the Conference of Parties (COP) 21. In this context, the government has set out a plan to use more renewable and cleaner energy resources, including geothermal. Implementation, however, won’t be easy,...
Jan 7, 2016 | Industries, Market, News Group
The Government plans to launch the ninth economic policy package next week. The Coordinating Minister for the Economy Darmin Nasution previously told the press that the Government mulled two policies to stimulate the development of the industrial sector. The...
Jan 7, 2016 | Commodities, Industries, Market, Reviews
KPB Nusantara, the joint marketing office of state plantations, was forced to withdraw three out of seven CPO packages auctioned off Wednesday (Jan 6) due to low bids. The commodity continues to be under pressure from falling crude oil and soybean oil prices, despite...
Jan 7, 2016 | Industries, Market, News Group
World Bank projects growth in the East Asia and Pacific region to continue to slow to 6.3% in 2016 from a slightly less-than-expected 6.4% in 2015. Growth in China is forecasted to ease further to 6.7% in 2016 from 6.9% in 2015. Growth in the region excluding China...
Jan 6, 2016 | Industries, Market, News Group
The United States presidential candidate Donald Trump (Republican) suffered a global backlash for his intention to ban Muslims from entering the States. There’s been a call to remove Trump’s brand attached to hotels and towers in North America. The wave of...
Jan 6, 2016 | Industries, News Group
The mineral export ban has been in effect since January 2014. All mining companies have since been required to build a smelter in country for the sake of creating a multiplier effect for development. But as of the start of 2016, there hasn’t been meaningful progress...
Jan 6, 2016 | Industries, Market, Reviews
Absorption of State Budget 2015 in the form of capital expenditures (capex) for infrastructure reached Rp213 trillion last year, jumped from Rp138 trillion in 2014, according to data from Fiscal Policy Board (BKF) of ministry of finance. Most of the capex were spent...
