• Indonesia's Government Debt Still Low by International Standard

    Indonesian central government debt increased IDR 15.8 trillion (USD $1.6 billion) in the first quarter of 2013 to a total current debt of IDR 1,991.22 trillion (USD $205.3 billion). This total debt consists of loans amounting to IDR 590.2 trillion (USD $60.8 billion) and government securities (Surat Berharga Negara, or SBN) totaling 1,401.1 trillion (USD $144.4 billion). The loans are divided in foreign loans (IDR 588.4 trillion) and domestic loans (IDR 1.8 trillion). The country's debt-to-GDP ratio is currently approximately 24 percent.

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  • Dyviacom Intrabumi Takes Over Salim Stake in Three Retail Companies

    PT Dyviacom Intrabumi Tbk, an Indonesian internet services provider, has announced to leave the information technology sector as it has not shown significant growth and instead focus on Indonesia's lucrative (food) consumption sector. For that reason it will purchase large stakes in three companies that are engaged in the country's food industry: Indomarco Prismatama, Fast Food Indonesia, and Nippon Indosari Corpindo. The combined costs amount to IDR 6.7 trillion (USD $690.7 million).

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  • Heavy Equipment Distributor United Tractors Announces Dividend Payout

    Heavy equipment distributor United Tractors announced to pay out dividend amounting to IDR 2.31 trillion (USD $237.9 million), which represents about 40 percent of the company's net income in 2012 (IDR 5.78 trillion). Dividend per share is set at IDR 620 (USD $0.064) and includes interim dividend of IDR 210 that was distributed in November 2012. The remaining IDR 410 per share will be paid out on 31 May 2013. United Tractors also announced to launch two new products.

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  • Roadmap for Indonesia's Textile and Textile Products Industry

    About 1.80 percent of global demand for textiles and textile products is met by Indonesian textile exports according to Indonesia's Ministry of Industry. The value of the country's textile exports is estimated at USD $12.6 billion. However - and in line with Indonesia's economic expansion - the ministry targets to meet four to five percent of overseas textile demand. The ministry asked the Indonesian Textile Association (API) to prepare a roadmap together for expansion.

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