Indosat Eyes Rp 3t From Bond Sale in May to Repay Debt, Expand Network
Indosat, Indonesia’s second-largest telecommunications operator, plans to raise Rp 3 trillion ($226 million) from a bond sale next month to repay debt, expand its mobile network and pay frequency spectrum usage fees to the government.
— Jakarta Globe
Indonesia Aims for 5.6 Percent Economic Growth in 2018
Indonesia is aiming for 5.6 percent economic growth in 2018. The government will turn its focus to six sectors to achieve the target. “[There are] six sectors, namely processing industry, particularly non-oil and gas, agriculture, trade, information and communication, construction, and financial services,” the National Development Planning Minister Soemantri Brodjonegoro said yesterday.
Indonesian construction firm Totalindo taps IPO route to raise $120m
Indonesia-based construction firm Totalindo Eka Persada is slated to raise Rp 1.5 trillion ($120 million) from a planned initial public offering (IPO) soon, in what could be the country’s largest issue this year.
— Deal Street Asia
SCG staking out Indonesia petrochemical complex
Siam Cement Group (SCG), the industrial conglomerate, is setting its sights on developing a petrochemical complex in Indonesia.
— Bangkok Post
Govt probing dumping of chemicals from Indonesia, Thailand, Saudi, Malaysia
The government has initiated a probe on the alleged dumping of a chemical used in pharmaceutical and agriculture sector from Indonesia, Malaysia, Thailand and Saudi Arabia.
– The Hindustan Times
Three jailed, fined for smuggling 700 birds to Indonesia
Two Indonesians and a local were sentenced to a year in jail and fined RM10,000 each for smuggling 700 White-Rumped Sharma (Burung Murai) into Indonesia.
— The Borneo Post
Ahok to Receive Verdict on May 9: Judge
North Jakarta District Court judges have scheduled Jakarta Governor Basuki “Ahok” Tjahaja Purnama to receive his verdict on his long-running blasphemy case — in which the charges have been downgraded to publicly expressing feelings of hostility, hatred or contempt against one or more population groups — on May 9.
— Jakarta Globe
Police Urge Implementation of Nationwide CCTV Network
National Police spokesman Insp. Gen. Boy Rafli Amar has called for a nationwide implementation of an integrated network of Closed Circuit Television system, or CCTV, to be manned at its headquarters in Jakarta.
— Jakarta Globe
Sandiaga to provide entrepreneurship program for thugs
Jakarta deputy governor-elect Sandiaga Uno said he plans to reach out to thugs in Kalijodo park, North Jakarta, who reportedly illegally ask for parking fees from visitors, to participate in his signature entrepreneurship “OK OCE” program, in hopes of giving them a chance to engage in positive activities.
— The Jakarta Post
Malaysia, Indonesia to counter EU decision to ban palm oil-based biofuel
Malaysia and Indonesia will send a joint mission to Europe next month to counter the European Union (EU) resolution which proposed to curb the use of oil palm-based biofuel by 2020.
— The Star Online
Powerphase to Implement Turbophase Dry Air Injection in Indonesia
Powerphase signed a memorandum of understanding with PT Perusahaan Listrik Negara, the state power company of Indonesia, on a phased implementation of the Turbophase Dry Air Injection system. The deployment will begin with a feasibility study at two 50 MW projects, followed by full implementation of 2 GW of additional power at existing PLN assets over the next two years.
— Power Engineering Magazine
BCPG plans Bt12-bn investment in geothermal energy in Indonesia
BCPG plans to invest in the geothermal power business in Indonesia through equity acquisition in Star Energy Group Holdings, which is engaged in geothermal power generation and steam production, with an equivalent total power production capacity of 995 megawatts.
— The Nation
Indonesia‘s Automotive Production Market Reaches 1.1 Million Units
The country has become the automotive investment destination, with the national production target set at some 2.5 million units in 2020, Indonesian Minister of Industry Airlangga Hartarto stated.
— Netral English
Minimum Wage 2017 Industrial Sector Jakarta Determined
Recently, Jakarta Governor’s Regulation no. 20 of 2017 regarding the Minimum Wages for the Industrial Sector (Regulation 2017) was issued. The minimum wages for the industrial sector are set on annual basis. Regulation 2017, replaces and repeals Governor Regulation no. 8 of 2016 (Old Regulation). In this column we discuss the new wages set by the Regulation 2017 for each specific industrial sector in Jakarta.
— Indonesia Investments
Solid Corporate Earnings of Indonesia’s Large Cap Stocks in Q1-2017
A number of Indonesian big cap stocks have already released their first quarter 2017 corporate earnings. Most of them show good results and therefore the majority of analysts agree that full-year 2017 corporate earnings of Indonesian companies listed on the Indonesia Stock Exchange should, generally, be good, especially considering economic growth of Indonesia is expected to accelerate further in the remainder of the year. However, some stocks have become expensive particularly after the recent strong performance of Indonesian stocks.
— Indonesia Investments
KOMINFO Indonesia providing ICT infrastructure and support for Ultra-Micro Financing programme to enhance financial inclusion
The Ministry of Communications and Informatics in Indonesia (KOMINFO), the Government Investment Unit of Indonesia (Pusat Investasi Pemerintah or PIP; a sovereign wealth fund managed by the Ministry of Finance), BP3TI (Central Provider and Financing Manager of Telecommunication and Informatics or Balai Penyedia dan Pengelola Pembiayaan Telekomunikasi dan Informatika; an implementing agency under Kominfo) are collaborating to enhance access to ultra-micro financing (pembiayaan Ultra Mikro or UMI) across the country.
— Open Gov
Eminent Indonesian Quran reciter passes away live on air
Prominent Indonesian Quran reciter Sheikh Ja’far Abdulrahman has passed away while reciting verses from Islam’s most revered book during an official ceremony.
— Press TV
Feature photo Yohanes Parianto
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