Indonesia's central bank expects that the country's monthly inflation rate will ease to below one percent in August. However, in order to meet this expectation the bank stresses that there needs to be an improvement in the food product supply through imports and good distribution practice. The latter, particularly, is problematic due to Indonesia's lack of quality and quantity in infrastructure. In July, monthly inflation rose 3.29 percent due to the start of the new school year and impact of higher subsidized fuel prices.

Lanjut baca ›

Pembangunan Perumahan (better known as PP) is a government-controlled construction and investment company in Indonesia. The company's lines of businesses consist of construction services in building and infrastructure, property, engineering, procurement and construction (EPC), as well as investment. PP was the second-largest company in terms of largest net income in Semester I-2013. Being a state-controlled entity, it benefits from the government's increased focus on infrastructure development. 

Lanjut baca ›

According to Indonesia's police department, heavy traffic caused by the Idul Fitri celebrations resulted in the deaths of more than 471 people as well as 740 seriously injured people in over 2000 traffic accidents. Most accidents are caused by drivers that fall asleep during the journey. Idul Fitri marks the end of the holy fasting month (Ramadan) and is one of the major national holidays in Indonesia. This year Idul Fitri fell on Thursday 8 August and, as usual, is accompanied by the tradition that Indonesians travel back to their places of birth.

Lanjut baca ›

Alam Sutera Realty (ASRI) is an Indonesian real estate company that develops and manages a large-scale township which includes residential and commercial properties as well as ancillary facilities and infrastructure. The company has large real estate projects in Serpong, Cibitung, Cianjur (all on Java), Tanjung Pinang (Riau) and Sanur (Bali). In the first half of 2013, the company's profits increased by 52 percent to IDR 800 billion (USD $80.0 million) as Indonesia's property sector has been booming.

Lanjut baca ›

Nine Indonesian construction companies that have released their financial results over the first six months of 2013 show a combined net profit of 849 billion (USD $83.2 million). State-controlled Wijaya Karya (Wika) still leads the ranking in terms of net profit. Interestingly enough, another state-controlled company, Adhi Karya, posted the largest YoY percentage growth in net profit (135.6 percent). Lastly, state-controlled Pembangunan Perumahan is second-largest company in terms of largest net income in Semester I-2013.

Lanjut baca ›

The city center streets of Indonesia's capital city of Jakarta, which are normally characterized by heavy traffic jams, are becoming quiet. As the holy Islamic fasting month (Ramadan) is getting towards the end, people are traveling back to their places of origin for the Lebaran celebrations. This annual tradition is known as 'mudik'. Usually, the people spend a few days at their hometowns before traveling back to their places of work. This period also means that businesses (including the stock exchange) are mostly closed until 12 August 2013.

Lanjut baca ›

Wijaya Karya (Wika) is one of Indonesia's construction companies. The company is involved in engineering and construction work in both Indonesia and abroad. Its businesses include civil engineering, building construction, and construction of industrial plants as well as energy facilities. Being a state-controlled company, Wika has a close connection to the government and as such is one of the first choices to participate in government infrastructure projects. Shares of Wika have grown over 37 percent in 2012.

Lanjut baca ›

Although the combined performance of the four listed Indonesian cement companies in the first six months of 2013 is good with net profit rising 13.7 percent from the same period in 2012, the individual companies posted mixed results. Net profit of Semen Indonesia, Indonesia's largest cement producer, rose 22.9 percent, while net profit of Indocement Tunggal Prakarsa, the country's second-largest cement producer, rose 11.8 percent. The other two cement producers, Holcim Indonesia and Semen Baturaja, posted a decline in net profit.

Lanjut baca ›

Indonesia's biggest taxi operator, the Blue Bird Group, is planning to conduct an initial public offering (IPO) in the fourth quarter of this year. The company expects to reap between USD $600 and $800 by selling 20 to 40 percent of the company's stock equity. If the company will indeed manage to meet this target, then the IPO of Blue Bird will be the largest since the publicly listing of Indofood CBP Sukses Makmur, which raised USD $696 million in October 2010. It has been reported that Credit Suisse, Rothschild and UBS will act as underwriters.

Lanjut baca ›

Indonesia Investments has updated the financial highlights of state-controlled enterprise Adhi Karya (ADHI). The company is engaged in construction services, infrastructure development, property, real estate and engineering, and procurement & construction. Its infrastructure projects include roads, bridges, irrigation, power plants and ports, while its building projects include high rise buildings, hotels, hospitals and schools. Shares and net income of the company have surged in 2012 amid Indonesia's booming property sector.

Lanjut baca ›

After having grown rapidly in the years 2010-2013, infrastructure development in Indonesia lost its momentum in 2014. This was due to limited available government funds, uncertainty caused by the legislative and presidential elections, and the nation's slowing economic growth. After Joko Widodo became Indonesia's seventh president in October 2014, it was expected that infrastructure development would revive. However, it didn't. But Widodo made one important move by seriously reducing energy subsidies, hence making more funds available for infrastructure development.

Lanjut baca ›

Last week it was officially announced that China Railway International Co. Ltd, subsidiary of China Railway Group Ltd, together with a consortium consisting of Indonesian state-owned enterprises (which include Pilar Sinergi BUMN Indonesia, Wijaya Karya, Kereta Api, and Jasa Marga) will build Indonesia's first ever high-speed railway, valued at over USD $5 billion, between the capital city of Jakarta and Bandung (in West Java), a route that stretches for approximately 150 km.

Lanjut baca ›

Republik Rakyat Tiongkok (RRT) telah memenangkan sebuah kontrak untuk membangun jalur kereta berkecepatan tinggi antara Daerah Khusus Ibukota Jakarta dan Bandung (Jawa Barat), mengalahkan Jepang dalam proses ini. Pada awal bulan ini, Pemerintah Indonesia secara tak terduga memutuskan untuk menunda proposal dari Jepang dan RRT untuk konstruksi jalur kereta berkecepatan tinggi bernilai miliaran rupiah antara kedua kota karena proposal-proposal ini mencakup bantuan keuangan atau jaminan dari Pemerintah Indonesia. Terlebih lagi, Indonesia menganggap kereta super cepat tidak diperlukan untuk rute yang relatif pendek (150 km).

Lanjut baca ›

Merespon ekonomi global yang melambat, Presiden Joko Widodo telah mengumumkan paket kebijakan ekonomi yang baru yang bertujuan untuk mendongkrak pertumbuhan ekonomi Indonesia di tengah ketidakjelasan yang tinggi dalam konteks global. Pada hari Rabu (09/09), Joko Widodo (dikenal dengan panggilan Jokowi) memberikan sejumlah detail mengenai fase pertama ini dalam sebuah pidato di Istana Negara di Jakarta.

Lanjut baca ›

Government-led infrastructure development is regarded by most analysts and policymakers as the key to overcome Indonesia’s slowing economic growth as infrastructure development will cause a multiplier effect in the economy (triggering growth in other industries such as cement and property while job availability grows accordingly). In the second quarter of 2015, Indonesia’s gross domestic product (GDP) growth slowed to 4.67 percent (y/y), a six-year low.

Lanjut baca ›

Indonesia adalah pemegang saham terbesar ke-8 di Asian Infrastructure Investment Bank (AIIB) yang baru saja didirikan. Kementerian Keuangan Indonesia mengumumkan di awal minggu ini bahwa Indonesia akan menginvestasikan 672,1 juta dollar AS di AIIB selama lima tahun ke depan. AIIB adalah sebuah lembaga keuangan multilateral yang baru (dipelopori oleh Republik Rakyat Tiongkok) yang menyediakan dana untuk proyek pembangunan infrastruktur di wilayah Asia Pasifik.

Lanjut baca ›

A total of 1,555,609 foreign tourists have visited the island of Bali, the most popular tourist destination in Indonesia, in the first five months of 2015, an 11.3 percentage point growth from the same period last year. Given that the number of foreign tourists usually peaks in the period June-September it is most likely that the government’s target of welcoming 4 million foreign tourists on Bali in 2015 will be achieved, or exceeded. Most tourists that visit Bali originate from Australia, China and Japan.

Lanjut baca ›

Data terakhir dari Asosiasi Semen Indonesia (ASI) menunjukkan bahwa konsumsi semen di Indonesia menurun 3,8% (year-on-year) menjadi 22,9 juta ton di lima bulan pertama tahun 2015 (dari 23,8 juta ton semen di periode yang sama tahun lalu). Kejatuhan ini adalah penurunan paling tajam dalam konsumsi semen Indonesia sejak 2009 waktu permintaan jatuh hampir 7% pada basis year-on-year (y/y) karena dampak dari krisis finansial dunia. Penurunan saat ini disebabkan oleh perlambatan perekonomian Indonesia dan jatuhnya harga-harga komoditi di luar Jawa.

Lanjut baca ›

Although most emerging market stocks fell, Indonesian stocks and the rupiah showed a solid performance on Thursday (21/05). The rupiah appreciated 0.40 percent to IDR 13,122 per US dollar according to the Bloomberg Dollar Index, while the benchmark stock index of Indonesia (Jakarta Composite Index) rose 0.39 percent to 5,313.21 points. Most emerging stocks fell due to weak data from China (despite a series of stimulus). However, Indonesian stocks were supported by news about its credit rating and dividend announcements.

Lanjut baca ›

Indonesia is not the easiest place to invest for foreign investors. This is reflected by the World Bank's Doing Business 2014 index in which Indonesia ranks 120th. In a business forum, held last week in Beijing, Chinese businessmen expressed a number of matters that blocked or seriously delayed their investments in Indonesia. For Indonesia (both domestic and foreign) investment realization, particularly in infrastructure, is important as investments is considered the main driver for the country’s economic growth in 2016.

Lanjut baca ›