• IPO Wijaya Karya Bangunan Gedung on the Indonesia Stock Exchange

    Wijaya Karya Gedung (Wika Gedung), a subsidiary of construction firm, Wijaya Karya, is planning to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. The company, which focuses on the construction of private buildings, offices, apartment, shopping centers, and other commercial as well as non-commercial buildings, plans to offer 30 percent of its total share capital to investors. Wika Gedung targets to raise a total of IDR 1.5 trillion (approx. USD $114.5 million) from this move.

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  • Indonesia Investments' Newsletter of 11 September 2016 Released

    On 11 September 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy-related topics such as Indonesia's stocks and rupiah, looming revisions of the 2009 Mining Law, the G20 summit, GDP growth, the coal mining industry, corruption, the tax amnesty program, and more.

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  • Investment in Indonesia's Automotive Sector: Nissan's New Plant

    Nissan Motor Indonesia (NMI), the Indonesia-based local unit of Japanese multinational automobile manufacturer Nissan Motor Company Ltd, started construction of a new engine and transmission parts plant in Purwakarta (West Java). The plant, which will be constructed at NMI's existing facilities in Purwakarta, covers 3,000 of square meters in size and requires an investment of around IDR 435 billion (approx. USD $33.2 million). The plant is designed to have a production capacity of 96,000 units per year.

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  • Indonesia's 2017 Economic Growth Target Set at 5.1%

    The central government of Indonesia and Commission XI within Indonesia's House of Representatives (DPR) agreed to set the nation's economic growth target at 5.1 percent (y/y) in the draft state budget for 2017. This target is 0.2 percentage points below the GDP growth target that was mentioned by Indonesian President Joko Widodo in a speech last month (based on a financial note) and is also below the 5.2 GDP growth target that was set in the Revised 2016 State Budget. Less optimistic forecasts are especially caused by a cut in government spending.

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