• Special Economic Zone of Batam Losing Appeal to Foreign Investors

    Sonia Kong, the Chairman of the Association of Korean Businesspeople in Batam, said that the investment or business climate in this Special Economic Zone (SEZ) has become less conducive in recent years. In the past five years, 17 Korean companies decided to move to other countries. Batam (including several surrounding islands) was given the status of SEZ with Singapore in 2007. This SEZ status means that tariffs and value-added taxes for goods shipped between Batam and Singapore are eliminated between 2007 and 2077.

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  • Bond Issuance of Express Transindo Utama for Further Business Expansion

    Express Transindo Utama, the second-largest taxi operator in Indonesia (after the Blue Bird Group), targets to raise IDR 1 trillion (USD $88 million) through the issuance of three- and five-year bonds in the months ahead. Proceeds of this issuance will be used to finance further business expansion of the company, which includes the purchase of new taxi units. President Director of Express Daniel Podiman said that BCA Sekuritas, Mandiri Sekuritas and Valbury Asia Securities were appointed to assist the debt sale.

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  • Smooth Indonesian Elections Cause Conducive Investment Climate for IPOs

    The Indonesia Stock Exchange (IDX) is optimistic that its target of a total of 30 new initial public offerings (IPOs) in 2014 will be achieved as the 2014 elections are expected to bring positive market sentiments. Companies and investors are confident that a stronger and more balanced government will be inaugurated in October 2014; one that will foster higher economic growth. Moreover, previous election years have always shown that Indonesia's stock market gets a positive boost amid these elections.

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  • Dwi Aneka Jaya Kemasindo Prepares IPO on Indonesia Stock Exchange

    PT Dwi Aneka Jaya Kemasindo Tbk, an Indonesian-based company specialized in corrugated carton and offset printing, offers one billion new shares (40 percent of its enlarged capital) - at a price range of between IDR 425 and IDR 475 per share - in its initial public offering (IPO) on the Indonesia Stock Exchange in the weeks ahead. The printing and packaging company aims to raise a total of between IDR 425 billion (USD $37.3 million) and IDR 475 billion (USD $41.5 million) through this corporate action.

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