Bank Artos Indonesia became the first company to list on the Indonesia Stock Exchange (IDX) in 2016. The Bandung-based private lender was warmly welcomed by investors. During its trading debut on Tuesday (12/01) the company's shares rose 31.1 percent. Through the initial public offering (IPO) Bank Artos Indonesia raised IDR 31.8 billion (approx. USD $2.3 million) by offering 241.3 million new shares, or 20 percent of the company's enlarged capital at IDR 132 per share.

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Indonesia's first high-speed train, which will run between Jakarta and Bandung (in West Java) is expected to give rise to new economic centers and cities along the 142 kilometers-long railway. Construction of the project, estimated to cost a total of USD $5.5 billion, is scheduled to kick off on 21 January 2016 in Bandung as Indonesia's Transportation Ministry has finally issued the track permit (this had been a major hurdle previously).

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Indonesia's cement sales totaled 61 million tons in 2015, up 1.8 percent from sales in 2014. Although the pace of growth is limited, the final result was well received by stakeholders and policymakers because in the first half of 2015 the nation's cement sales growth still stood at -1.5 percent on a year-on-year basis due to a delay in government-led infrastructure development. In the second half of the year there occurred a surge in infrastructure development projects, hence triggering higher cement sales.

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Indonesia's Cabinet Secretary announced on Tuesday (12/01) that Indonesian President Joko Widodo signed a government regulation on 22 December 2015 (Government Regulation No. 103/2015 on House Ownership of Foreigners Residing in Indonesia) that allows foreigners to own landed houses in Indonesia for a period up to 80 years. This regulation is designed by the Indonesian government in order to provide more legal certainty to foreigners regarding property ownership.

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