Below is a list with tagged columns and company profiles.

Today's Headlines Automotive

  • Monetary Policy: Bank Indonesia Offers More Accommodative Policies

    Monetary Policy: Bank Indonesia Offers More Accommodative Policies

    At its latest monetary policy meeting, completed on 18 February 2021, Indonesia’s central bank (Bank Indonesia) decided to cut its benchmark interest rate (the seven-day reverse repurchase rate) by 25 basis points (bps) to 3.50 percent, a historically low level for Southeast Asia’s largest economy. Also the deposit facility and lending facility rates were cut by 25 bps to 2.75 percent and 4.25 percent, respectively.

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  • Astra International Targets to Raise Market Share

    Astra International Targets to Raise Market Share

    Astra International, one of the biggest companies that is listed on the Indonesia Stock Exchange (in terms of market capitalization), targets to boost its market share in Indonesia's automotive industry to 50 percent before the end of the year.

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  • H1-2018 Corporate Earnings Reports Indonesia: Astra International

    H1-2018 Corporate Earnings Reports Indonesia: Astra International

    Although Astra International, one of Indonesia's biggest diversified conglomerates, has been affected by subdued car sales in Indonesia in recent years, the company remains comfortably within the top ten of biggest listed companies in terms of market capitalization on the Indonesia Stock Exchange.

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  • Indonesian Companies in Focus: Astra International Under Pressure

    Indonesian Companies in Focus: Astra International Under Pressure

    Astra International, one of the largest diversified conglomerates in Indonesia, has always been one of investors' favorite blue chip stocks. Although the automotive sector contributes around half to the company's total revenue, Astra International is usually regarded the barometer of the Indonesian economy because the company is engaged in most key sectors of the economy. Thus, if the company is doing well, so is the Indonesian economy.

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  • IPC Car Terminal to IPO on the Indonesia Stock Exchange in mid-2018

    IPC Car Terminal to IPO on the Indonesia Stock Exchange in mid-2018

    Terminal operator Indonesia Kendaraan Terminal (better known as IPC Car Terminal) plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in mid-July 2018. The company, which is owned by state-owned port operator Pelindo II, handles the movement of cargo containers for shipments related to the automotive industry at its terminal in Jakarta's Tanjung Priok harbor.

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  • Automotive Industry ASEAN: Indonesia Lags Behind Thailand

    Automotive Industry ASEAN: Indonesia Lags Behind Thailand

    Also in 2017 Indonesia remained the biggest car sales market as well as the second-biggest car producer in the ASEAN region. Total car sales in ASEAN grew 5 percent year-on-year (y/y) to 3.3 million in 2017. Indonesia contributed almost one-third to the total. However, Thailand remains the dominant car manufacturer in the region, producing nearly 2 million vehicles in 2017.

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  • Full-Year 2017 Corporate Earnings Report Astra International

    Full-Year 2017 Corporate Earnings Report Astra International

    One of Indonesia's biggest diversified conglomerates (and therefore often labelled the barometer of the Indonesian economy), Astra International, posted a solid 25 percent year-on-year (y/y) growth of net profit to IDR 18.9 trillion (approx. USD $1.39 billion) in full-year 2017. Meanwhile, the company's net revenue rose 13.8 percent (y/y) to IDR 206.1 trillion (approx. USD $15.2 billion).

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  • Indonesian Government Preparing Roadmap for Electric Car Industry

    Indonesian Government Preparing Roadmap for Electric Car Industry

    Discussions about the regulatory framework - including incentives - for the electric car industry in Indonesia are ongoing. Hence, stakeholders in the country's automotive industry are eagerly awaiting for results of government discussions and a roadmap before investing in manufacturing facilities for the launch of electric cars on the Indonesian market.

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  • Automotive Industry Indonesia: Sales, Production, Export & Import

    Automotive Industry Indonesia: Sales, Production, Export & Import

    Although it proves difficult for Indonesian car manufacturers to export their output to overseas markets, reflected by the declining number of local car exporters (declining from eight in 2013 to five at the start of 2018), Indonesia's car shipments have been rising steadily over the past five years. However, in absolute terms the figure remains modest with 231,169 exported car units from Indonesia in full-year 2017.

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Latest Columns Automotive

  • No Anti-Dumping Duties on Steel Imports for Indonesia's Automotive Sector

    No Anti-Dumping Duties on Steel Imports for Indonesia's Automotive Sector

    The Indonesian government approved the request of Indonesia's automotive sector to be exempted from the anti-dumping duties that have been imposed on imports of steel from specific countries. Through Finance Ministry Regulation No. 65/2013 on Anti-Import Duties, the government set import duties - ranging between 7 and 55.6 percent - for steel imports from China, Japan, South Korea, Taiwan and Vietnam in an effort to protect the domestic steel manufacturing industry amid a global steel oversupply (particularly caused by a supply glut in China).

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  • Outlook Indonesia's Car Sales in 2016: Optimistic or Pessimistic?

    Outlook Indonesia's Car Sales in 2016: Optimistic or Pessimistic?

    Whereas the Indonesian Automotive Industry Association (Gaikindo), expects Indonesia's car sales to rise five percent (y/y) in 2016 on the back of improving economic conditions, US-based consulting firm Frost & Sullivan expects to see a 4.3 percent decline in the country's car sales this year as continued rupiah depreciation and persistently low commodity prices undermine Indonesians' purchasing power.

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  • Automotive Market Indonesia: Car Sales to Rebound in 2016

    Automotive Market Indonesia: Car Sales to Rebound in 2016

    Indonesian car sales may rise up to ten percent (y/y) to 1.1 million vehicles in 2016, from an estimated 1 million this year, amid accelerating economic growth in Indonesia. Car sales in 2015 have been disappointing, declining 18 percent (y/y) to 853,008 units in the first ten months of 2015, due to people's weakening purchasing power. Sales in 2016 are expected to be boosted by sales of the low-cost green car (LCGC), which was introduced on the Indonesian market in late-2013, and the crossover utility vehicle, a car that has gained popularity recently.

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  • Automotive Industry Indonesia Too Dependent on Imported Raw Materials

    Automotive Industry Indonesia Too Dependent on Imported Raw Materials

    The structure of Indonesia's automotive industry remains weak as it is too dependent on imports of raw materials, making sales prices of cars highly vulnerable to the volatile Indonesian rupiah. The automotive industry has been one of the many local industries that has been plagued by Indonesia's economic slowdown and fragile rupiah (amid looming tighter monetary policy in the USA) as people's purchasing power has weakened. In the first ten months of 2015, Indonesian car sales stood at a total of 853,008 units, down 18 percent from car sales in the same period last year.

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  • Car Industry Indonesia: Tough Times for Indomobil Sukses Internasional

    Car Industry Indonesia: Tough Times for Indomobil Sukses Internasional

    Indonesian automotive group Indomobil Sukses Internasional is facing challenges in 2015. The listed company, affiliated with the Salim Group (one of Indonesia’s largest conglomerates), is plagued by intense competition in the car industry of Indonesia, while it also feels the negative impact of the weak rupiah (which is depreciating against the US dollar). Over 2014, the company posted a net loss of IDR 128.2 billion (USD $9.9 million), down significantly from net profit of IDR 532.5 billion it recorded in the preceding year.

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  • Update Indonesian Car Industry: Car Sales Declined 8% in May 2014

    Update Indonesian Car Industry: Car Sales Declined 8% in May 2014

    Car sales in Indonesia declined 8 percent to 98,198 units in May 2014 from 106,811 units in the previous month. The Indonesian Automotive Industry Association (Gaikindo) said that the decline was the direct consequence of several public holidays (International Labour Day and the commemorations of Buddha’s birthday as well as ascensions of Prophet Muhammad and Jesus Christ). These holidays caused a lower car production rate and a reduced number of car deliveries to wholesale dealers.

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  • Indonesia Most Popular Investment Destination for Japanese Expansion

    Indonesia Most Popular Investment Destination for Japanese Expansion

    According to a survey of the Japan Bank for International Cooperation (JBIC), 44.9 percent of respondents assessed Indonesia as the most promising investment destination for the next three years. The respondents in this survey involved 500 Japanese companies that engage in international businesses. For Indonesia it is the first time in 21 years that it forms the preferred choice of overseas investments for Japanese companies, thus replacing China. In 2013, Japan already dominates foreign direct investment in Indonesia.

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  • Astra International (ASII) Presents First Quarter Results of 2013

    Astra International Quarter I 2013 Financial Results Indonesia Investments

    Astra International, Indonesia's largest listed company by market capitalization, presented its Q1-2013 financial results yesterday. The company, which represents the dominating force in Indonesia's automotive sector, posted a seven percent fall in net earnings (YoY) to IDR 4,310 trillion (USD $444.3 million) amid Indonesia's rising labour costs, weak commodity prices, increased competition in the country's car sector and effects of new minimum down-payment regulations in automotive Shariah-financing.

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