Vale Indonesia, Indonesia's largest nickel producer, posted an 80 percent decline in net income compared to 2011. Net income in 2012 totaled US $67.5, significantly down from US $333.8 in 2011. Main reasons for this poor performance were weakened metal and nickel markets due to global economic turmoil, which resulted in lower prices. Its average realized price per metric ton went down 26 percent, while operating costs increased 10 percent.
Update COVID-19 in Indonesia: 29,521 confirmed infections, 1,770 deaths (5 June 2020)
05 June 2020 (closed)
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The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will 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.
Indonesia's trade deficit narrowed slightly in January as there has been better demand from developed countries. However, Indonesian exports remain under pressure with persistent weak global demand. Moreover, higher crude oil prices increase the country's import costs. In addition to Indonesia's trade deficit, annual inflation increased to 5.31 percent in February due to rising food prices and higher electricity tariffs.
Semen Indonesia, Indonesia's largest cement producer, reported net profit of IDR 4.93 trillion (US $510.9 million) in 2012, a 24.6 percent increase compared to its performance in 2011. Earnings per share increased to IDR 817 from a previous IDR 662. The company benefits of significantly increased cement consumption in Southeast Asia's largest economy. Domestic cement consumption grew 14.4 percent, to 54.9 million tons in 2012.
Nippon Indosari Corpindo, Indonesia’s largest producer of bread products, will not pursue a stock split to improve its stocks' liquidity on the Indonesia Stock Exchange (IHSG). According to analysts, the company's stocks are fairly active and thus will not need such a measure. Nippon Indosari's stocks have fallen by around 11 percent this year. This performance is in stark contrast with 2012 when it gained 112.3 percent during the year.