• Indofood Sukses Makmur Expects Better Performance in H2-2017

    Indofood Sukses Makmur Expects Better Performance in H2-2017

    Indofood Sukses Makmur, one of Indonesia's largest food manufacturing companies, is optimistic that its corporate earnings will improve in the remainder of 2017 on the back of expansion plans as well as the optimization of both its performance and efficiency. In the first half of 2017 Indofood Sukses Makmur's sales rose by a modest 4.6 percent year-on-year to IDR 35.7 (approx. USD $2.7 billion).

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  • Japan Tobacco Inc Acquires Gudang Garam Units, Enters Kretek Market

    Japan Tobacco Inc Acquires Gudang Garam Units, Enters Kretek Market

    Indonesia's Industry Ministry hopes that the recent acquisitions of Karyadibya Mahardika and Surya Mustika Nusantara by Japan Tobacco Inc will have a positive effect on the domestic tobacco industry in Indonesia. The Japan-based cigarette manufacturing company bought 100 percent of the stakes in both companies for a combined price of USD $677 million. The deal is expected to be completed in the fourth quarter of 2017.

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  • Cement Industry Indonesia: Export Focus Boosts Sales

    Cement Industry Indonesia: Export Focus Boosts Sales

    While domestic cement demand remains bleak, Indonesia's cement producers managed to raise their level of production capacity utilization due to a surge in exports. However, export growth will only slightly improve the structural oversupply situation in Indonesia's cement market. With installed annual production capacity estimated at 103.8 million tons of cement, nearly 40 million tons of capacity remains unused.

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  • Receiver and Administrator Fees Reduced by Government

    Receiver and Administrator Fees Reduced by Government

    Recently, the Ministry of Law and Human Rights issued regulation number 2 of 2017 (New Regulation) which is an amendment of regulation number 11 of 2016 regarding the Guidelines on Receiver and Administrator Fees. The New Regulation reduces the fees for receivers and administrators in bankruptcy and temporary postponement of payment of debt cases. The aim of reducing the fees is to create a better investment climate in Indonesia for both foreign and local investors.

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