After having experienced overall weakening corporate earnings in 2015, Indonesia's largest companies saw rising net profit in full-year 2016 (in line with Indonesia's accelerating macroeconomic expansion last year). Of the ten biggest Indonesian companies (biggest in terms of largest market capitalization on the Indonesia Stock Exchange) only cigarette manufacturer Gudang Garam is yet to release its full-year 2016 financial results. The combined results of the other nine showed a marked improvement from the situation one year earlier.

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On 26 March 2017, 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 last seven days. Most of the topics involve economy-related topics such as a new World Bank report about the Indonesian economy, the steel industry, the automotive sector, crude palm oil exports, inflation, and more.

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The price of hot rolled coil (HRC) steel in Indonesia jumped 20 percent to USD $600 per ton in the first quarter of 2017, from USD $500 per ton in the same quarter one year earlier. This price growth is encouraged by the rising global steel price, a trend that is expected to continue in the remainder of 2017. Based on data from MEsteel, a Middle East b2b steel portal, the price of the benchmark HRC stood at USD $545 per ton in March 2017, up 49 percent from USD $365 per ton in the same month one year ago.

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In February 2017 domestic car sales in Indonesia rose 9.6 percent year-on-year (y/y) to 96,722 vehicles (from 88,208 sold vehicles in the same month one year ago), supported by the popularity of the Astra Toyota Calya and Astra Daihatsu Sigra (both are low-cost green cars) as well as strengthening purchasing power in the regions outside Java due to rising commodity prices. Also in the first month of 2017 Indonesian car sales grew on an annual basis, implying there rises optimism about Indonesia's automotive sector after having experienced two bleak years.

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