Those Continue to Expand: Bosch, Yamaha Musical

Seven companies, including four foreign direct investments (FDIs), have procured industrial land for their respective expansion in an industrial estate located in West Java. Lippo Group, meanwhile, has just signed MoU with ten institutions for the development of research center, healthcare, and regional education facilities with estimated investment of US$550 million at its flagship Meikarta project.

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Market and Economic Update

For last week, the IDX composite fell 1.86%, led by mining (-5%), agriculture (-2.95%), property (-2.93%), and infrastructure (-2.19%). Foreign investors booked a net sell of Rp5.39 trillion last year. Foreign investors are still unsure of the influence of higher-than-expected-wages on the Fed’s next move.

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