Two international events are estimated to have a significant impact on the Indonesian economy in 2018. Firstly, the 2018 Asian Games, to be held from 18 August to 2 September 2018 in - and around - the Indonesian cities of Jakarta and Palembang. Secondly, the 2018 annual meetings of the International Monetary Fund (IMF) and World Bank Group, to be held in Nusa Dua, Bali, on 12-14 October 2018. Both events will trigger foreign exchange earnings and give rise to a boost in economic activity.
Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
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Below is a list with tagged columns and company profiles.
Today's Headlines Palembang
Indonesia's second-biggest cement producer Indocement Tunggal Prakarsa will start operating its new cement terminal in Palembang (South Sumatra) in the first quarter of 2018. This terminal will strengthen the company's sales of bulk cement on the island of Sumatra, the second-largest cement consumer in Indonesia.
Indonesia's third-largest cinema operator CGV Cinemas, owned by publicly listed Graha Layar Prima, needs to replace the comfortable (bed-like) seats in the velvet class of its Palembang movie theater (in the capital of Indonesia's South Sumatra province) because local authorities decided (after receiving complaints from local citizens) that the bed-like seats may encourage adultery and sexual misconduct.
Indonesia's biggest taxi operator, the Blue Bird Group, is planning to conduct an initial public offering (IPO) in the fourth quarter of this year. The company expects to reap between USD $600 and $800 by selling 20 to 40 percent of the company's stock equity. If the company will indeed manage to meet this target, then the IPO of Blue Bird will be the largest since the publicly listing of Indofood CBP Sukses Makmur, which raised USD $696 million in October 2010. It has been reported that Credit Suisse, Rothschild and UBS will act as underwriters.
Latest Columns Palembang
Two state-controlled companies (both listed on the Indonesia Stock Exchange) are expected to feel the positive impact of the light rail transit (LRT) in Palembang (South Sumatra), a transportation project currently under construction. These two companies are construction firm Waskita Karya and cement producer Semen Baturaja. These two companies are heavily involved in the LRT project that is estimated to cost around USD $520 million. This LRT track is supportive infrastructure for the 2018 Asian Games, to be held in South Sumatra in August 2018.
Singapore-based rubber producer Halcyon Agri Corporation Limited (HAC) will become the second-largest producer and exporter of Indonesian natural rubber after it announced to buy nine Indonesian rubber processing plants (involving USD $360 million worth of investments). HAC is an integrated producer as well as merchandiser of standard Indonesian rubber and standard Malaysian rubber, which are the most widely used grades of natural rubber in vehicle tyres manufacturing.
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