• Cement Industry Indonesia: 6 New Plants Open in 1H-2016

    Six cement factories with a combined annual production capacity of 13.1 million tons will be ready to start operations in the second half of 2016. These six cement plants are owned by Semen Bosowa, Semen Tiga Roda, Conch Semen, Semen Indonesia (two plants) and Semen Manokwari. Widodo Santoso, Chairman of the Indonesian Cement Association (ASI), said the development of the new plants will create an even larger cement oversupply in Indonesia. Annual national cement production capacity now stands at around 100 million tons, while demand is estimated at 63 million tons in 2016.

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  • Indonesian Stocks Leading Gains in Asia Pacific Markets Today

    Indonesian assets made a remarkable performance on Monday (01/08). Indonesia's benchmark Jakarta Composite Index surged 2.79 percent to 5,361.58 points, while the rupiah appreciated 0.50 percent to IDR 13,047 per US dollar. Indonesian stocks - by far - outperformed their counterparts in other Asian Pacific nations. Overall, the majority of Asian stocks rose today on the back of waning expectations of another US interest rate hike in the near future.

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  • Economic Update Indonesia: July Inflation & Manufacturing Activity

    Statistics Indonesia (BPS) announced on Monday (01/08) that Indonesia's inflation rate reached 0.69 percent (m/m) in July 2016, considerably below analysts' forecasts. In fact, the 0.69 percent (m/m) pace is Indonesia's lowest July inflation rate since 2012. On a year-on-year basis, Indonesian inflation eased to a seasonally adjusted 3.21 percent (y/y), from 3.45 percent (y/y) in the preceding month. Meanwhile, Indonesia's manufacturing activity plunged unexpectedly in July.

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  • Religious Violence Indonesia: Buddhist Temples Tanjung Balai Damaged

    Religious violence and intolerance flared up in Indonesia's North Sumatra over the weekend when an angry Muslim mob burned down (or damaged) 12 Buddhist temples in Tanjung Balai. According to local authorities the mob was mobilized after an Indonesian woman of Chinese descent complained about the loud volume of the calls to prayer and Koranic recitals at the mosque that is situated in front of her house. One day later, seven people were detained by Indonesian police on suspicion of attacking the temples.

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