• Heavy Equipment Distributor United Tractors Announces Dividend Payout

    Heavy equipment distributor United Tractors announced to pay out dividend amounting to IDR 2.31 trillion (USD $237.9 million), which represents about 40 percent of the company's net income in 2012 (IDR 5.78 trillion). Dividend per share is set at IDR 620 (USD $0.064) and includes interim dividend of IDR 210 that was distributed in November 2012. The remaining IDR 410 per share will be paid out on 31 May 2013. United Tractors also announced to launch two new products.

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  • Roadmap for Indonesia's Textile and Textile Products Industry

    About 1.80 percent of global demand for textiles and textile products is met by Indonesian textile exports according to Indonesia's Ministry of Industry. The value of the country's textile exports is estimated at USD $12.6 billion. However - and in line with Indonesia's economic expansion - the ministry targets to meet four to five percent of overseas textile demand. The ministry asked the Indonesian Textile Association (API) to prepare a roadmap together for expansion.

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  • Indonesia Still the Second Largest Car Sales Market in the ASEAN Region

    Regarding car sales in the ASEAN region, Indonesia still trails behind Thailand according to recent data from the ASEAN Automotive Federation (AAF). In the first two months of 2013, Thailand's car sales increased 51.9 percent (YoY) to 255,727 car units, while Indonesia's car sales only increased 22.7 percentage points to 199,974 vehicles. Thailand controls about 43.5 percent of the ASEAN region's sales market. Indonesia comes in on second place with 34.0 percent market share.

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  • HM Sampoerna Uses Total Net Profit of 2012 to Pay out Dividend to Shareholders

    HM Sampoerna, Indonesia's largest tobacco manufacturer and the country's second-largest company based on market capitalization, will pay out dividend amounting to IDR 2,269 per share (USD $0.23) as agreed in today's shareholders' meeting (18 April 2013). The company will use its full net profit of 2012 for the dividend payout. Last year, HM Sampoerna recorded net profit of IDR 9.95 trillion (USD $1.02 billion), a 23.3 percent increase compared to 2011.

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