It is feared that at least 168 people have drowned when a ferry sank in Lake Toba in North Sumatra on Monday (18/06). Based on the latest data from Indonesia's National Disaster Management Agency (BNPB), released on Wednesday morning (20/06), 166 people are still missing, while two bodies have been recovered and 18 people have been rescued. It is possible that the list of missing people will rise further in the days ahead.

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While Asian markets are mixed on Wednesday morning (20/06), Indonesia's benchmark Jakarta Composite Index plunged 2 percent (to a four-week low) in the first five minutes after trading resumed after the long Eid al-Fitr holiday. Indeed a lot happened on the global stage since Indonesian markets closed on Friday 8 June 2018 that has not been absorbed by Indonesian assets. Therefore, today it is catch-up day for investors.

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Madusari Murni Indah, a company that is engaged in the production of ethanol and carbon dioxide gas (CO2), is set to sell a 30 percent stake to the public through an initial public offering (IPO) on the Indonesia Stock Exchange. Yonky Saputra, Corporate Secretary of Madusari Murni Indah, said the company appointed Bahana Sekuritas as underwriter. In July 2018 the company is expected to make its trading debut in Indonesia.

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On 18 June 2018 Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the past seven days. Most of the topics involve economy and market-related topics such as household consumption, IPOs on the Indonesia Stock Exchange, debt-to-equity ratios of state-controlled companies, the cement industry, and more.

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