• Bank Indonesia Expects Indonesia's Economy to Grow 5.7% in 2013

    Agus Martowardojo, Governor of Indonesia's central bank (Bank Indonesia), stated that the country's economy is expected to grow 5.7 percent in 2013. Bank Indonesia believes GDP growth in the fourth quarter of 2013 to fall below the growth figure realized in Q3-2013 (5.62 percent). Martowardojo said that the government needs to continue measures to improve the country's exports, while trying to curtail imports of oil and gas as domestic demand for fuels remained high, even after the increase in prices of subsidized fuels in June 2013.

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  • Smartfren Telecom: an Indonesian Telecommunication Services Provider

    The company profile of Smartfren Telecom has been added to the Indonesian companies section. Smartfren Telecom (FREN), controlled by the Sinar Mas Group, is an Indonesian telecommunication services provider focused on internet services and CDMA-based cellular phone services. Indonesia's telecommunications industry is a highly competitive one which makes it difficult for the smaller companies, such as Smartfren, to survive. Fitch Ratings has repeatedly warned that the company is at risk of default.

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  • Profile of Betonjaya Manunggal: Indonesian Iron & Steel Producer

    Indonesia Investments has uploaded the preliminary company profile of Betonjaya Manunggal (BTON). The company, member of the Gunawan Steel Group, is an Indonesian iron and steel manufacturer, which produces steel round bars ranging from 6 mm to 12 mm with a total installed annual production capacity of 30,000 tons of round bars. In the first half of 2013, its net profit fell 34.6 percent to IDR 9.0 billion from the same period in 2012. Its sales revenue fell 32 percent (yoy) to IDR 58.9 billion.

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  • Engineering and Manufacturing Company Grand Kartech Lists on IDX

    Grand Kartech, an Indonesian engineering and manufacturing company, will be listed on the Indonesia Stock Exchange (IDX) today (08/11). The company offers 163.64 million shares to the public through its initial public offering (IPO). The stock price that was set for the IPO amounts to IDR 275 (USD $0.024) per share and the company expects to reap IDR 45 billion (USD $4.0 million) through this corporate action. Demand for Grand Kartech's shares has been high as the IPO is oversubscribed almost 44 times.

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