The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
Trade finance, a facility to finance export and import activities, remains attractive for the banking sector of Indonesia in 2018. In the first two months of 2018 trade finance surged 20 percent.
Indonesia-based chemical manufacturing company Tridomain Performance Materials made its trading debut on the Indonesia Stock Exchange on Monday (09/04), hence becoming the seventh company to have completed its initial public offering (IPO) in Indonesia in 2018. The company offered 1.8 billion new shares to the public, equivalent to 17.19 percent of the company's total share equity. At the end of the trading day its shares had surged 50.0 percent.
Indonesia-based telecommunication support services company Gihon Telekomunikasi Indonesia made its trading debut on the Indonesia Stock Exchange on Monday (09/04), becoming the sixth company to be added on the local bourse so far in 2018. The company offered 152.3 million new shares to the public through the corporate move. After its first trading day, Gihon Telekomunikasi Indonesia's shares had surged 50.0 percent to IDR 1,755 a piece.
The Indonesian government has already blocked 100.9 million prepaid SIM cards in the 1-31 March 2018 period as mobile phone users failed to re-register their prepaid phone numbers with a valid national identification card (KTP) and family card (KK). Meanwhile, 305 million SIM cards were re-registered during the period (considering many Indonesians use more than one SIM card the figure is higher than the total number of Indonesians).
