Tag Archives: Saham Indonesia

Realized investment in Q3 2016 up 10.7% year-on-year

Photo by BKPM

JAKARTA (TheInsiderStories) – The National Investment Coordinating Board (BKPM) said realized investment in the third quarter 2016 reached Rp155.3 trillion up 10.7 percent from the same period last year.
It said realized domestic investment in the period increased 16.3 percent from previous year to Rp55.6 trillion, while realized foreign direct investment (FDI) reached Rp99.7 trillion, or up 7.8 percent. Most of the foreign capitals parked at the sectors of metal industry, machinery and electronic, said Azhar Lubis, deputy chairman for controlling and implementation at the board.
The Head of BKPM Thomas Lembong said with the achievement in the third quarter, realized investment in Jan-Sept reached Rp453.4 trillion, surged 13.4 percent compared to Rp400 trillion in previous year.
Realized domestic direct investment (DDI) in the nine months rose 18.8 percent to Rp158.2 trillion, while realized FDI rose 10.6 percent to Rp295.2 trillion. The new investments managed to create 960,041 new job opportunities, it said.
According to BKPM data, realized investment in outside Java reached Rp203.2 trillion in the nine months period, up from Rp180.7 trillion in the same period last year.
Thomas Lembong said the increased realized investment was partly attributable to the government’s drive to simplify business permits as reflected by the increase of Ease of Doing business (EODB) issued by the World Bank, which now improved to 91 from previously ranked 109.
The top five locations of domestic investments are: East Java worth Rp14 trillion, followed by West Java Rp7.4 trillion, Banten Rp7 trillion, DKI Jakarta Rp3.8 trillion and South Sumatera Rp3.6 trillion.
The top five locations of foreign direct investments in the third quarter are West Java worth US$16 billion, followed by East Java US$0.6 billion, DKI Jakarta US$0.6 billion, Banten US$0.6 billion and East Kalimantan US$0.6 billion.

According to Thomas, until September, the body has recorded investment interest reached over than Rp 1,800 trillion.

The government has taken steps to lure foreign capitals, including the issuance of a raft of economic stimulus packages amid at better fiscal condition and the prospect of tax relaxation program which has spurred a huge inflow of asset repatriations into the country.


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Realized investment in Q3 2016 up 10.7% year-on-year

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Indonesia seeks fund from global bond market US$11.5 billion in 2017

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JAKARTA (TheInsiderStories) – Indonesia plans to release global bonds with wortht around Rp149.2 trillion (US$11.5 billion) in 2017 in US dollar, Euro, Japan Yen and China Renmimbi to finance the deficit of 2017’s State Budget, said one government official. This year the government targeting the budget deficit at 2.5 to 2.7 percent of gross domestic product (GDP).

“Policy issuances of government bond in foreign currency in the range of 20-25 percent of total gross issuance Rp 596.8 trillion in Euros, US, Yen including global SUKUK,” Directorate General fro debt management & risk management Robert Pakpahan told press at the Finance Ministry Office.

He elaborate more, in January to October, total gross issuance of government securities has reached Rp 597.8 trillion. Until the end of the year, the government still requires the issuance of debt to Rp56.2 trillion if the deficit widening to 2.7 percent of GDP, he said.

For Islamic financing issuance, Rober explained, project finance will ear-maked from the governement institution is recorded Rp16.77 trillion from Minister of Transportation Rp1.44 trillion, Minister of ReligionRp 7.9 trillion and Minister of Public Working & Housing Rp7.43 trillion.


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Source: The Insiderstories
Indonesia seeks fund from global bond market US.5 billion in 2017

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The Insider Stories Market Briefs

JAKARTA (TheInsiderStories) – Followings are some news that will serve as your investment compiled by Mandiri Sekuritas:

  • Home Affairs Minister Tjahjo Kumolo has appointed Special Autonomy Director General Soni Sumarsono as the acting governor of Jakarta after Governor Basuki Tjahaja Purnama and Deputi Governor Jarot Saiful Hidayat decided to go on leave from Oct. 28. Kumolo said he has signed the decree and send the report to President Joko Widodo, Vice President Jusuf Kalla and Coordinating Minister for Political, Legal and Security Affairs Wiranto.
  • PT Bank Pan Indonesia Tbk (Bank Panin, PNBN, Rp800, BUY, TP Rp1.185) set the coupon rate of  the bonds worth Rp2,12 trillion with term of five years at 8.75% per annum.
  • Rubber prices in March 2017 delivery contract, closed down 1.71% or 3.10 points to 178.40 yen per kilogram (kg). Previously, the rubber prices opened down 1.32% or 2.40 points at 179.10 yen per kg position and continue moving in the red zone throughout the trading.
  • Indonesian Retail Bonds (ORI) Series 013 sold Rp19.6 trillion. Interest-bearing instruments 6.6% per year is purchased various circles of society.
  • Association of Indonesian Mutual Fund Managers (APRDI) targeting the number of mutual fund investors in Indonesia could reach 5 million by the end of 2017. At present, the number of mutual fund investors in Indonesia is still very small, about 361,000 investors.
  • The price of crude palm oil back down from its highest level due to the falling level of exports from Malaysia and profit taking. In the fourth quarter of 2016, CPO prices may move in the range of 2500-3000 ringgit per ton.
  • Until the third quarter of this year, PT Sri Rejeki Isman Tbk (SRIL, Rp244, BUY, TP Rp375) earned revenues of US$498.6 million or Rp6,48 trillion (assuming an exchange rate of Rp13,000 per US dollar). Seeing this achievement, management viewed their performance this year has the potential to surpass the target.
  • PT Intraco Penta Tbk (INTA, Rp220) held a groundbreaking steam power plant (power plant) with a capacity of 2×100 megawatts (MW) in Bengkulu. Intraco Penta venture with Power Construction Corporation of China Ltd.
  • PT Jasa Marga Tbk (JSMR, Rp4.580, NEUTRAL, TP Rp.5,300) Rp1 trillion get loan from PT Bank CIMB Niaga Tbk. The Company signed a loan facility agreement on Oct. 19. (*)

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Source: The Insiderstories
The Insider Stories Market Briefs

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TPG Capital Indonesia buy Singaporean Innovalues for US$328m

JAKARTA – Special purpose vehicle Precision Solutions Ltd, unit of private equity firm TPG Capital Indonesia has agreed to buy Singaporean precision machine parts maker Innovalues for S$331.4 million with an outstanding share capital of 328.11 million shares. Precision Solutions is an indirect wholly-owned subsidiary of Northstar Equity Partners IV Limited, an investment fund advised and managed by Northstar Advisors Pte. Ltd.
The company bough Innovalues shares at S$1.01 each that this provides an opportunity for shareholders to realise their investments in Innovalues at a premium of 19 per cent over its one-month volume weighted average prices before April 7. Previously, Ashish Shastry, TPG’s head of Southeast Asia said, the greater emerging market stories in the next decade will be Indonesia, Turkey, Brazil, Vietnam and Eastern Europe. TPG invested about $1.1 billion in Southeast Asia from 2005 to 2009, accounting for about 30 percent of the capital that the Texas-based firm spent on the whole of Asia, Shastry said. (*)

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Source: The Insiderstories
TPG Capital Indonesia buy Singaporean Innovalues for US8m

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Indonesia Energy Minister Jonan to focus on nine priority programs in next three months

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JAKARTA (TheInsiderStories) – Minister of 
Energy and Mineral Resources Ignasius Jonan set nine priority programs that the ministry will focus in the next three months in order to boost the energy developing in Indonesia.

The nine priority programs are: development of downstream mineral sector, revision of cost recovery rule, Masela Block, East Natuna Block development, one fuel price system, oil refinery, gas price issue, 35,000 MW of power plant project and oil and gas block participating interest (PI).

As for the 35,000 MW power plant program, 21 percent of the projects have completed the construction, 24 percent have signed power purchased agreement (PPA), 8 percent have developed transmissions. The government aims to increase the country’s electricity coverage ratio to 97 percent from 88 percent at present.
Separately, on Tuesday, Minister Jonan signed the amendment of production sharing contract (PSC) of Block Mahakam, which will allow Pertamina to invest in the block’s development during the transition period, namely in 2017. The block is currently being developed by Total E&P Indonesie (operator) and its non-operating partner Inpex Corp. The existing contract will expire at end of 2017 and the block will be handed over to Pertamina as the operator from Jan. 1, 2018.
Pertamina said it will invest US$180 million in Mahakam Block next year (2017) that will be used to drill 19 wells.
“With the amendment, Pertamina will be allowed to make investment much earlier so that the production level of Mahakam Block is maintained. This (amendment) shows confident of the government on Pertamina,” said minister Jonan.
The investment is expected to maintain Mahakam Block’s production at 1.2 billion standard cubic feet per day (BSCFD) and condensate around 20,000 barrels per day in 2018-2019.
Commenting on the renegotiation of Contract of Works (CoWs/KK), Minister Jonan said some have completed the CoW revisions, while other CoWs are being renegotiated.
Vice Minister of Energy and Mineral Resources Archandra Tahar :said the ministry is reviewing the ministerial decree (PP) No 1/2014 on mineral resources downstream development. “We are reviewing which is the best option, revising the law or the regulation,” he said.
The ministry is also reviewing the independent power producers which are considered non-qualified in developing power plant projects. The move is aimed to ensure that the power plant programs are moving forward as scheduled. (*)


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Source: The Insiderstories
Indonesia Energy Minister Jonan to focus on nine priority programs in next three months

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