President Joko ‘Jokowi’ Widodo and Singapore Prime Minister Lee Hsien Loong are scheduled to inaugurate commercial operation of Phase I of Kendal Industrial Park in Central Java today. The industrial estate, developed by a joint venture between Singapore’s SembCorp and Indonesia’s Jababeka Group, will likely be benefited by the Trans-Java toll road and expansion of Tanjung Emas port in Semarang.

State-owned steel producer PT Krakatau Steel (KRAS) Tbk has kicked off the issuance of 3.57 billion new shares at Rp525 per share. KRAS expects to raise Rp1.87 trillion from the rights issue, which will boost its equity to around US$1.94 billion. How much more shareholders should invest before seeing lights at the end of the tunnel?

State-owned toll road developer and operator Jasa Marga (JSMR) is among losers on Indonesia Stock Exchange (IDX) this year. The Company, however, has aggressively invested in future growth through the development of 18 new projects with combined length of 750 KM. What is the progress of these projects?

Tire manufacturer PT Multistrada Arahsarana Tbk (MASA) has signed off-take agreement with global player Michelin recently. Under the agreement, Multistrada will produce Michelin brand for two-wheels tires. This is the third major tie-up between Michelin and Indonesian companies.

TransVision, pay TV business unit controlled by Chairul Tanjung, which was initially owned by Telkom Group, set an ambitious target to become the largest player by 2016. Back then it had 800,000 subscribers, one third of market leader MNC Sky Vision. Telkom Group, which sold pay TV business to Chairul, interestingly has become the second largest player in less than two years since it rolled out IndiHome.

Dr Copper, gauge of global manufacturing industry, retreated to US$2.53/pound last night, but the commodity has gained 16.41% this month. Aluminium gained only 4.53% this month, but performed better year-on-year than copper. Indonesian smelters of alumina (Citra Mineral) and nickel (Central Omega Resources, etc) might be benefited from the rally.

PT Sarana Menara Nusantara (TOWR) Tbk, controlled by Djarum Group, booked net profit of Rp2.31 trillion in the first nine months of 2016, jumped by 42% from the corresponding period of 2015, thanks to stronger performance in the third quarter. Unlike two of its major customers, TOWR posted net profit margin of 62%, an increase from around 50% in Jan-Sep 2015.

Media companies find 2016 not a great year in the market. Surya Citra Media (SCMA), parent of SCTV and Indosiar TV stations, lost 19.4% year-to-date, while Media Nusantara Citra (MNCN), parent of RCTI and MNC TV, gained only 5.7%. Visi Media Asia (VIVA), parent of TVOne and ANTV, lost 12% year-to-date despite significantly stronger sales revenue growth compared to MNCN and SCMA.

Bank Mega (MEGA), controlled by businessman Chairul Tandjung, known for close relationship with sixth president Susilo Bambang Yudhoyono (SBY), booked net profit of Rp1.14 trillion in the first nine months of 2016, an increase of 35% from the corresponding period of 2015. But, why the bank’s assets dropped significantly by almost 9% in the period?

So, Indonesian GDP grew 5.02% year-on-year in the third quarter, slowed down from 5.19% in the previous quarter. Pretty much as predicted by some, the slowdown was attributable to weaker government spending and lacklustre performance of international trade. Household consumption (purchase of durable goods, non-durable goods, and services), which makes up 55.32% of the GDP, remained strong.