Below is a list with tagged columns and company profiles.

Latest Reports Blue Bird

  • Taxi & Bus Transportation Operators in Indonesia Under Pressure

    Taxi and bus operators in Indonesia are having a tough time. Due to rising competition in the nation's land transportation services sector, corporate earnings of the traditional players are on the decline, while new players are seeing improving earnings. Indonesia's traditional transportation services operators (particularly taxi and bus operators) are plagued by the presence of app-based transportation services (such as Grab, Uber and Gojek) as well as new railways and airports that are being developed as part of the government's grand infrastructure development ambition.

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  • Violence at Anti-Transport Services Apps Demonstration in Indonesia

    Today, Indonesian taxi and public transportation drivers staged another demonstration in Jakarta. They protest against the presence of app-based mobile applications such as Uber Taxi, GrabCar and Go-Jek that all recently started offering transportation services in the bigger cities of Indonesia and have become increasingly popular, at the expense of the financial performance of established transportation services such as taxis, public buses, bajaj (three-wheeled scooters) and ojek (motor taxi). The demonstration turned violent on Tuesday morning.

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  • Taxi Operator Blue Bird Listed on Indonesia Stock Exchange Today

    Indonesian taxi operator Blue Bird is the 19th company that has conducted an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2014. On Wednesday (05/11), the company’s shares made their debut on the stock exchange and immediately soared over 25 percent to IDR 8,175 (USD $0.68) per share. By releasing 376.5 million shares to the public, Indonesia’s largest taxi operator raised IDR 2.4 trillion (USD $200 million). However, this result is considerably lower than the earlier forecast of around USD $307 million.

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  • Indonesia Investments' Newsletter of 26 October 2014 Released

    On 26 October 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic and political topics such as last week's inauguration of Indonesia’s seventh President, economic growth, the impact of slowing GDP growth in China, a palm oil update, new rules in the tobacco industry, and more.

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  • Indonesian Taxi Operator Blue Bird Downsizes Initial Public Offering

    Indonesia’s largest taxi operator Blue Bird has set a new (downsized) target for its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month. The company now aims to raise IDR 2.4 trillion (USD $200 million), down from its initial target of IDR 4.94 trillion. Blue Bird will offer 376.5 million shares to the public, or 14.2 percent of its enlarged capital, at a price of IDR 6,500 per share (considerably lower than its previous indicative price of between IDR 7,200 and IDR 9,300).

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  • Initial Public Offering (IPO) Blue Bird on Indonesia Stock Exchange

    The Indonesia Stock Exchange (IDX) expects five more initial public offerings (IPOs) before the end of this year. These companies are the Blue Bird Group, Soechi Lines Indonesia, Imack Pratama Industri, Intan Baruprana Finance, and Karisma Aksara Mediatama. The IPO of Blue Bird, known for its taxi services, is the most awaited one. The company is expected to sell 20 percent of its enlarged capital to the public and aims to raise about USD $450 million, making it one of the largest IPOs on the IDX since Indofood CBP Sukses Makmur in 2010.

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Latest Columns Blue Bird

  • Regulating the Ride-Hailing Apps Revolution in Indonesia

    On Saturday, 01 April, 2017, the new regulations for ride-hailing apps in Indonesia came into effect, designed to protect consumers of these apps and support traditional transportation services such as taxi operators, minivans, buses and motorcycle taxis. The regulations include maximum and minimum tariffs for four-wheeled-vehicle rides that are booked through the online app, as well as a limit on the number of vehicles available. However, authorities will give time to these ride-hailing apps to adjust to the new regulations due to the "magnitude of the technical rules".

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  • Bucking the Trend: Which Indonesian Blue Chip Stocks Fell?

    Although Indonesia's benchmark Jakarta Composite Index has risen 4.81 percent since the start of 2016 (thus being among the world's best-performing benchmark stock indices so far this year, especially if the 5.17 percent appreciation of the rupiah is included into the calculation), not all Indonesian blue chip stocks, or big caps, have risen. Several examples are Blue Bird, Bank Pan Indonesia, Bank Permata, Global Mediacom, Surya Citra Media, and Sarana Menara Nusantara. Why did these stocks not rise so far in 2016? We zoom in on three cases.

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  • Initial Public Offering (IPO) Indonesia’s Taxi Operator Blue Bird

    Blue Bird, Indonesia’s largest taxi operator, plans to conduct its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) this month. The company offers 531.4 million shares, or 20 percent of its enlarged capital, to the public. However, the company is yet to determine the share price for the IPO. Based on a statement released on Friday (03/10), Blue Bird holds an offering from 24 to 28 October 2014. The company’s shares are set to be listed on the IDX on 3 November 2014. Blue Bird will also hold roadshows in the US and the UK.

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  • Market Update: IPOs on the Indonesia Stock Exchange in 2013

    Five more new public listings are expected on the Indonesia Stock Exchange (IDX) in the remainder of 2013 despite the current less rosy macroeconomic environment in Indonesia. The companies that are expected to conduct their initial public offering (IPO) are Indomobil Multi Jasa, Dwi Aneka Jaya Kemasindo, Blue Bird, Soechi Lines, and Sawit Sumbermas Sarana. So far this year, 26 Indonesian companies went public on the IDX. At the start of the year, the IDX targeted for at least 30 new listings in 2013.

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Associated businesses Blue Bird