• Listing of Sido Muncul Herbal (SIDO) on Indonesia Stock Exchange

    On Wednesday (18/12), PT Industri Jamu dan Farmasi Sido Muncul, better known as Sido Muncul Herbal, was the 30th company that became listed on the Indonesia Stock Exchange (IDX) in 2013. The company, Indonesia's largest herbal medicine producer, offers 1.5 billion shares (about ten percent of its enlarged capital) to the public for the price of IDR 580 per share, thus aiming to generate IDR 8.7 trillion (USD $72.5 million) from today's initial public offering (IPO).

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  • Jakarta Composite Index Expected to Show Better Performance in 2014

    Various analysts believe that the benchmark stock index of Indonesia (the Jakarta Composite Index or IHSG) can make a good jump in 2014 to the level of between 5,000 to 5,300 points (from 4,182 currently) despite the looming end of the Federal Reserve's quantitative easing program (QE3) which may result in temporary capital outflow from Indonesia's capital markets. The analysts believe that positive internal developments will provide solid support for the IHSG. These developments include the trade balance, rupiah exchange rate and general elections.

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  • Realized Investment in Indonesia in 2013 Will Exceed Target of the BKPM

    Head of the Indonesia Investment Coordinating Board (BKPM), Mahendra Siregar, is optimistic that total realized investments in Indonesia will exceed the target that is set for this year. The BKPM, a government institution, aims for investments worth of IDR 390 trillion (USD $32.5 billion) in 2013 and IDR 470 trillion (USD $39.2 billion) in 2014. Siregar is optimistic because many investors, particularly from Japan and the USA, are committed to engage in business expansion at the end of this year as well as next year.

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  • Company Profile Ramayana Lestari Sentosa: Indonesian Retail Company

    The preliminary company profile of Ramayana Lestari Sentosa (RALS) has been added to our catalogue of Indonesian company profiles. Ramayana Lestari Sentosa is an Indonesian retail company which sells a variety of products, including household necessities, fashion apparels, toys and stationeries. Today, Ramayana Lestari Sentosa owns department stores in 42 major cities in Indonesia, employing over 17,867 people. The company profile also includes a future projection of the company's financial performance.

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