Paint Manufacturers: Mowilex
One Million Homes program, a multi-year program to provide proper homes for low-income families, was launched by President Jokowi last year. The actual homes built under the program might still way below target, but it is significantly better than similar program launched by the previous administrations. We are not going to discuss the progress of the program hwere. We are interested in the impact of the program for paint/coating, which is one of construction materials benefited from the program.
GIC Enters 21 Cineplex Group, Competition Intensifies
Singapore’s sovereign wealth fund GIC has decided to invest Rp3.5 trillion in PT Nusantara Sejahtera Raya (NSR), which operates the Cinema 21, Cinema XXI, and The Premier. The investment would expand NSR’s network and, accordingly, intensifies competition in the market.
People Behind PT Berkat Bumi Citra
PT Berkat Bumi Citra (BBC) gained public attention recently. It is not a big nor famous property developer, but because of the fantastic debts of Rp1.08 trillion claimed by 974 creditors. Who’s behind this company?
Infrastructure Journal
PT Kereta Api Indonesia, the state-owned railway operator, has today started trial operation of train service connecting Sei Mangkei special economic zone (SEZ) and the existing railway connecting Medan-Belawan in North Sumatra. The train transports containers in the 139-KM route to ease public road congestion. Also today, PT Kereta Api Indonesia signed MoU with state plantation firm PT Perkebunan Nusantara III and state port management company Pelindo I for the transportation of goods between Sei Mangkei and Belawan Port.
Property Player to Watch: Springhill Group
Springhill Group is among the fastest growing property players in the past few years with projects—apartments, landed house, office towers—in some cities in the greater Jakarta area, Sumatra Island, and the resort island of Bali. Who’s behind the group?
Jakarta Gubernatorial Race & The Future of Beer Producer Delta Djakarta
So, Agus Yudhoyono, son of sixth president SBY and candidate of Jakarta governor, was ‘surprised’ to know that Jakarta government owns shares in beer producer PT Delta Djakarta Tbk (DLTA), which is majority owned by San Miguel (the Philippines F&B giant). He was asked about the shares when addressing the issue of alcoholic beverages in the capital city.
Promising Tourism & Transportation Stats
Indonesia recorded 1.04 million visits by foreign tourists in October 2016, jumped 18.5% year-on-year. This is also the new record monthly visits for the country. For the fourth consecutive month, Indonesia recorded more than 1 million foreign tourists visits. Accordingly, in the first ten months of 2016, number of visits grew 9.54% to 9.4 million.
Rumours on Mulia Hotel Group
We have repeatedly received information about Mulia Hotel Group, which has operating assets in Jakarta and Bali, in recent months. Most of these rumours were linked to possible ownership change in the group controlled by the family of Djoko Tjandra (a fugitive still?).
Integrated Poultry Players: Wonokoyo Group
Shares of four integrated poultry players listed on Indonesia Stock Exchange (IDX) have dropped significantly from their recent peak due to depreciation of rupiah and rally in raw materials, corn and soybeans. Still, this is an interesting industry to watch, given its role in feeding the world’s fourth largest population. In this issue, we discuss Wonokoyo Jaya Corporindo, one of the largest players not listed on IDX.
Sinarmas’ Cable TV & Internet
Sinarmas Group (Widjaja Family) is relatively new player in pay TV business. The group, however, has been aggressively investing in the cable TV and Internet business and recorded among the strongest growth this year. It is still very small compared to MNC Group or Lippo Group, but deserved serious attention.