• Pharmaceutical Industry Indonesia: Still Lucrative Business?

    Indonesia's pharmaceutical market will be worth USD $5.8 billion in 2017, up 5-6 percent (y/y) from the preceding year. Growth is attributed to Indonesia's universal health care program (Jaminan Kesehatan Nasional, or JKN) that was launched in 2014. As such, Indonesia's pharmaceutical industry still has great potential, says Parulian Simanjuntak, Executive Director at the International Pharmaceutical Manufacturers' Group (IPMG).

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  • Air Crashes in Indonesia: Police Jet Goes Missing Near Batam

    An Indonesian police plane, on route to Batam, has reportedly crashed between the islands of Mensanak and Sebangka (between Sumatra and Singapore), possibly killing all 13 people on board. The airplane was a twin-engine police jet. Near the crash site items have been recovered that are believed to be parts of the plane. Earlier, Indonesian authorities announced contact with an airplane was lost, 50 minutes after take-off from Pangkal Pinang on the island of Bangka.

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  • Railways in Indonesia: Jakarta-Surabaya Medium-Speed Train

    Budi Karya Sumadi, Indonesian Minister of Transportation, said the preliminary study into the medium-speed Jakarta-Surabaya railway could be completed before the end of 2016. In a bid to enhance connectivity and curtail logistics costs the government of Indonesia encourages the construction of a medium-speed railway linking Indonesia's capital city of Jakarta (on the western part of Java) to the nation's second-largest city of Surabaya in East Java. The preliminary study was started three weeks ago.

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  • Indonesia Stock Exchange: Minimum Free Float & Shareholder Rules

    The Indonesia Stock Exchange (IDX) requests 28 companies that are listed on the IDX to comply with the minimum free float and shareholder requirements that are stipulated by BEI No. Kep-00001/BEI/01-2014. Initially, the IDX provided time until 31 January 2016 for publicly-listed companies to comply with new rules. However, currently there are still 28 companies that fail to meet the new requirements (but which forms an improvement from the year-start when 90 companies still had to comply with new regulations).

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