• Why the Indonesian Government Delayed Release of 7th Stimulus Package?

    Last week Indonesia delayed the release of the seventh economic stimulus package - a package that will focus on boosting the village economy - as the government still needs to implement several deregulations and debureaucratization in relation to its previous stimulus packages. Darmin Nasution, Indonesia's Chief Economics Minister, said it are the Ministry of Industry, the Ministry of Trade, and the Ministry of Energy and Mineral Resources that are still to implement deregulations before the seventh package can see daylight.

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  • Update Minimum Free Float Requirement Indonesia Stock Exchange

    The Indonesia Stock Exchange (IDX) will give time until 31 January 2016 for the remaining 18 publicly-listed companies that have not yet complied with the new minimum free float requirement that aims to increase liquidity in the stock market. In January 2014, the IDX announced it designed a new rule that forces all listed companies on the IDX to have a minimum free float of 7.5 percent. Samsul Hidayat, Director of Corporate Listing at the IDX, said these 18 companies are currently studying whether to conduct a rights issue or a stock split in order to raise their free float.

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  • Indonesia Stock Market & Rupiah Update: Strong Dollar, Falling Commodities

    Due to heightened expectation of a US interest rate hike in December, the US dollar was pushed to a seven-month high today. As a consequence, the rupiah depreciated 0.73 percent to IDR 13,722 per US dollar (Bloomberg Dollar Index). Moreover, the strong US dollar impacted negatively on commodity prices. Many commodity prices, including oil, copper and nickel plunged severely on today's trading day. For key commodity producers, which include Indonesia, falling commodity prices put pressure on assets.

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  • Indonesia's Nippon Indosari Corpindo is Baking more Profit in the Oven

    The launch of new bread products, the improvement of its distribution network, and an expected increase in people's purchasing power in Indonesia should be reasons for Nippon Indosari Corpindo to continue growing in the years ahead. The company is Indonesia’s largest producer of bread products (as it controls 90 percent of the country's mass bread production market) and it is the only bread producing company that is listed on the Indonesia Stock Exchange. Its Sari Roti line of bread products is a well-known brand in Indonesia.

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