• Steel Production Indonesia: Government Targets 5% Growth in 2017

    Steel Production Indonesia: Government Targets 5% Growth in 2017

    The Indonesian government targets to see domestic steel production rise by 5 percent year-on-year (y/y) in 2017. Strategies to encourage Indonesia's steel output include tighter supervision on steel imports and offering energy price incentives to domestic producers (in an effort to boost the competitiveness of Indonesian steel).

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  • IPO of Trafoindo Prima Perkasa on the Indonesia Stock Exchange

    IPO of Trafoindo Prima Perkasa on the Indonesia Stock Exchange

    Indonesian electrical transformer manufacturer Trafoindo Prima Perkasa is optimistic about its future business given Indonesia's accelerating economic growth, while the government is committed to its 35,000 MW power program. The company seeks to raise up to IDR 480 billion (approx. USD $36.1 million) from an initial public offering (IPO) on the Indonesia Stock Exchange in June 2017. It plans to offer 1.2 billion shares at a price range between IDR 320 - 400 a piece (with a price-to-earnings ratio of 9 - 12 times). Bahana Sekuritas acts as underwriter.

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  • Indonesia Should Attract More Investment to Boost Economic Growth

    Indonesia Should Attract More Investment to Boost Economic Growth

    After Standard & Poor's (S&P) assigned investment grade status to Indonesia's sovereign rating, hence boosting positive perceptions about the Indonesian economy, the government should use this momentum to encourage public and private investment to push macroeconomic growth to the targeted range of 5.4 - 6.1 percent year-on-year (y/y) in 2018.

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  • Mining in Indonesia: Coal Price to Remain Stable on China Policies

    Mining in Indonesia: Coal Price to Remain Stable on China Policies

    Despite seeing a supply surplus in Asia, coal prices are expected to remain stable in the foreseeable future supported by expectations of Chinese intervention into domestic coal production. China is the world's largest producer and consumer of coal and therefore the main determinant of the coal price. On Friday (19/05), the Newcastle coal index (May 2017 contracts) rose 0.27 percent to USD $74.25 per ton.

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