Sukanto’s Next Move on Sateri
Few months ago, Enny Ratnaningtyas, officer at ministry of industry, revealed a plan from PT Sateri Viscose Internasional, member of Royal Golden Eagle/RGE (owned by Sukanto Tanoto), to build rayon fiber plant in Indonesia with design capacity of 350,000 tons. Sateri Viscose plans to export 60% of output with commercial operation target in 2018.
People Behind Ranggi Sugiron Perkasa, Jasa Marga’s Partner in Jakarta-Cikampek Elevated Toll Project
State-owned toll road developer and operator PT Jasa Marga (JSMR) Tbk has finally selected PT Ranggi Sugiron Perkasa (RSP) as partner in the development of Jakarta-Cikampek Elevated Toll Road (36.4 KM) with estimated investment cost between Rp12 trillion and Rp17 trillion. The consortium competes Waskita Karya (WSKT) in the project. Who’s behind PT RSP?
Property Player to Watch: Alfaland
Alfa Group is among the largest retail players in Indonesia through Alfamart (PT Sumber Alfaria Trijaya/AMRT Tbk). Alfamart generates sales revenue of around US$4 billion per annum with market ‘value’ of Rp21.6 trillion or about US$1.7 billion. Controlled by the family of Djoko Susanto, Alfa Group has expanded its property business through PT Perkasa Internusa Mandiri AKA Alfaland.
Manufacturing Investments to Watch
Jembo Cable Company (JECC), one of the largest cable producers in Indonesia, continues to expand its capacity to anticipate growing domestic demand from mining, oil & gas, and the 35,000 MW program. Also in this report Pertamina-Rosneft JV, Barry Callebaut, & Oki Pulp & Paper.
New Investments in Feed Industry
Three foreign companies are reportedly looking for location to build aquatic feed factories in Indonesia. Two of them are Chinese giants seeking overseas production base to feed the mainland’s growing consumption.
Relaxation of Mineral Ore Export: Implications
Looks like that the government opted to relax the current mineral ore export ban for three to five years. Details of the policy are expected next week through the revision of Government Regulation No. 01/2014. Implications?
Infrastructure Journal
Ministry of public works and housing has completed development planning for Probolinggo-Banyuwangi (156 KM) toll road in East Java. The project will soon entering tender process to select investors. In the meantime, construction of Holtekamp bridge in Youtefa Gulf, Jayapura, Papua, has reached 39.34%, and is set for completion in 2018.
Q&A with PPRO CEO
PT PP Properti Tbk (PPRO) is among the aggressive developers this year. It spent Rp198.3 billion of its cash for investing activities, nearly ten times the amount spent in the corresponding period of 2015. The Company is also among the fastest growing property developers with sales revenue growth of 35% in the first half, while net profit increased by 11%. How about the second half?
Steel Industry Updates
Minister of industry Airlangga Hartarto met Junji Uchida, president & representative director of Osaka Steel, in Jakarta Monday (Oct 3). In the meeting Uchida informed Airlangga about completion of the US$220 million new construction steel factory in Cilegon, Banten province. In this report: Salim Group and Tanjung Lingga Group.
Go-Jek & Managing Expectations
Disappointed with response from management of PT Go-Jek Indonesia, hundreds of drivers staged a public rally at the city hall on Monday instead. They expected Jakarta governor Basuki Tjahaja Purnama (Ahok) mediating them with the management. This is the third major protest from drivers in three consecutive months.