Lower investments in pulp & paper
Four of six pulp and paper companies listed on the Indonesia Stock Exchange (IDX) cut significantly their investments in the first half of 2025. Three of them reported lower sales revenues in the period, while three others with flat growth. Indah Kiat Pulp &...Smelting investments
Amman Mineral (AMMN), second largest gold and copper producer in the country, cut its investments (cash-basis) from US$867 million in the first half of 2024 to US$711.8 million in the corresponding period this year. Other companies, however, spent significantly higher...Cement industry & illusion of continuation
Continuation (of policies) was just a campaign tagline to attract ‘loyalists’ of then president Jokowi because nearly one year into office, the government of Prabowo Subianto has significantly reduced commitment for infrastructure development, including the new...Solar Industry Update
China’s solar energy companies, as reported on Reuters, cut nearly one-third of their workforces last year due to overcapacity, declining demand, and price wars. The world produces twice as many solar panels each year as it uses, with most of them manufactured in...Those continue to expand
Indonesian PMI for manufacturing has not been in expansion mode in the past few months, among others due to global economic uncertainty and policy changes at home. Some, however, opted to proceed with expansion plans, which can be seen in their cash spending for new...Cable industry insulated from slowdown
Cable manufacturers listed on Indonesia Stock Exchange (IDX) generated a combined sales revenue of Rp9.45 trillion in the first half of 2025, an increase of 14% from the corresponding period last year, relatively insulated from economic slowdown. KMI Wire and Cable...Taikun’s petrochemical project
If Chandra Asri (TPIA), the country’s largest petrochemical company, is truly worth Rp837 trillion or US$51.3 billion, Indonesia shouldn’t be difficult in boosting domestic processing of oil and gas into chemicals. Simply issuing new shares, 10% of the enlarged share...