• Semen Indonesia Intends to Continue its Expansion in Southeast Asia

    State-controlled cement producer Semen Indonesia is eager to expand its business outside of Indonesia. After acquiring a - USD $157 million worth - 70 percent stake in Vietnam's Thang Long Cement last year, it is now eyeing to take over a cement factory in Myanmar. Semen Indonesia has set aside USD $200 million for the acquisition, which it plans to conduct next year. Which Myanmar-based cement company will become target of the acquisition is still under evaluation.

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  • Small Increase in Number of Foreign Tourists Visiting Indonesia in April

    In April 2013, more than 646 thousand foreign visitors entered Indonesia. This number is a 3.20 percent increase compared to the same month last year. As usual, the three busiest ports of arrival were Ngurah Rai on the island of Bali (a highly popular tourist destination), Soekarno-Hatta just outside Indonesia's capital city Jakarta, and Hang Nadim Airport on the island of Batam (an important industrial zone close to Singapore). These data were presented by Statistics Indonesia (BPS) on Monday (03/06).

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  • Statistics Indonesia: Indonesia Records Deflation of 0.03 Percent in May

    According to data released by Statistics Indonesia (Badan Pusat Statistik, abbreviated BPS), a non-departmental government institution, Indonesia's inflation figure eased 0.03 percent (month-to-month) in May 2013. The Head of BPS, Suryamin, said that it was the first time since ten years that the country experienced deflation in the month of May. The deflation figure is particularly triggered by the government's policy to allow for more imports of certain food products (such as onions, garlic, tomatoes, and chili).

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  • Company Profile Update: Lippo Cikarang, a Leading Property Developer

    Indonesia Investments presents the updated company profile of PT Lippo Cikarang Tbk, a leading Indonesian property developer that started operations in the early 1990s with the development of the Cikarang township in Bekasi (West Java). This township includes both industrial and residential centers, complete with supporting infrastructure and public facilities on a 3,000 hectare-wide landbank. Similar to other Indonesian property developers, Lippo Cikarang has posted growing profits due to higher demand in the property sector.

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