Charoen Pokphand Indonesia, the nation's largest producer of poultry feed, day old chicks and processed chickens, is set to acquire convenience store (franchise) 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional. The deal, which is worth IDR 1 trillion (approx. USD $75 million), now only requires approval from Modern Internasional's shareholders. Rumors about this take-over had been heard since late March 2017.

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Indonesian stocks made a remarkable rebound on Friday (21/04). The benchmark Jakarta Composite Index gained 1.24 percent to 5,664.48 points on the last trading day of the week (coming Monday Indonesian markets are closed for the remembrance of the ascension of the Islamic Prophet Muhammad). Meanwhile, the Indonesian rupiah appreciated 0.01 percent to IDR 13,322 per US dollar on Friday (Bloomberg Dollar Index).

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The visit of American Vice President Mike Pence to Indonesia was fruitful in terms of investment. A total of 11 commercial and investment deals were signed between Indonesian and US companies that is estimated to have a combined value of USD $10 billion. On Thursday morning (20/04) Pence met Indonesian President Joko Widodo to discuss overcoming obstacles that limit bilateral trade and investment between both nations. One day later Pence departed to Australia.

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It is no surprise that Jakarta prosecution only demands a relatively light sentence for incumbent Jakarta Governor Basuki Tjahaja Purnama (better known by his nickname Ahok) for his alleged blasphemous speech in late-2016. On Thursday (20/04) prosecution announced their recommendation of two years of probation for Ahok. The announcement came (deliberately) one day after the 2017 Jakarta gubernatorial election. Based on the quick count results Ahok was defeated by Anies Baswedan in this election and so we assume that this blasphemy trial has now lost its significance.

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