News

Foreign investors get double gains from Indonesia market
06 Dec 2016
Indonesia has been one of the most lucrative investment destinations in the Asia-Pacifi­c, given the positive performance of the stock market and its stable currency. This is evidenced by foreign flows into the stock market reaching 28.76 trillion IDR (2.22 billion USD) in the last 12 months. At the end of the ­first round of the tax pardon program, the country saw declared assets of 3,622 trillion IDR.  Previously, JP Morgan predicted new asset declaration would be less than 2,000 trillion IDR by the end of the third round of the program in March 2017. Looking at the result of the ­first round of the program, it seems like the brokerage house will have to drastically revise their projection.   https://www.thejakartapost.com/news/2016/10/05/foreign-investors-get-double-gains-from-indonesia-market.html
China Economy on Steady Upward Trend, Says Premier Li Keqiang
20 Sep 2016
China’s economy has shown a steady upward trend and has huge room for maneuver while there’s no basis for a sustained depreciation of the nation’s currency, said Premier Li Keqiang. Li, speaking as he met with President Barack Obama in New York, said the yuan will stay basically stable and at a reasonable and balanced level. Those comments echo the government’s recent commentary on the currency.  Li’s expression of con­dence in the nation’s economic outlook follow similar signals from the central bank this week.   http://www.bloomberg.com/news/articles/2016-09-20/china-economy-on-steady-upward-trend-says-premier-li-keqiang
FedEx 'doubles down' on TNT integration, boosts revenue
20 Sep 2016
The integration of TNT Express into FedEx’s global transportation and logistics network should take four years and result in $750 million in annual savings, FedEx executives said Tuesday. “We are doubling down our commitment to the TNT integration,” Alan B. Graf Jr., executive vice presi- dent and CFO, said during an earnings call with Wall Street analysts. “We believe the TNT acquisition will be transformative,” not just for FedEx but the global logistics industry, he said. “We have seen almost immediate bene­ts as we begin the integration,” Graf said. “In the US and Canada, we are migrating TNT volume, formerly handled by third-party carriers,  into the FedEx portfolio.   http://www.joc.com/air-cargo/express-cargo/fedex/fedex-doubles-down-tnt-integration-boosts-revenue_20160920.html
DHL to Invest 50 Million USD in Indonesia
20 Sep 2016
Deutsche Post DHL chief executive Frank Appel says the company expects to see rapid growth in its Indonesian business as it seeks to capitalize on government plans to boost growth by improving infrastructure nationwide.          “We have very aggressive growth plans in Indonesia,” he said, adding that DHL planned to spend at least $50 million to expand its presence over the next two years. DHL commands a 60 percent market share of the logistics business in Indonesia. Much of its new investment will go towards boosting its workforce by 70 percent from 2,250 employees currently, and expanding warehouse space by 60 percent to a total of 262,400 square meters.
August Auto Sales: Another Sign of Economic Recovery
12 Sep 2016
Signals indicating better economic conditions in the second half of this year have appeared. After data showing a sharp increase in cement consumption in August came out, more good news has followed from the automotive sector. The Association of Indonesian Automotive Manufacturers (Gaikindo) stated that car sales in August 2016 reached 96,294 units, up 6.3 percent from 90,537 units in August 2015. Toyota Astra Motor (TAM) vice president director Henry Tanoto predicted the sales volume would be higher toward the end of this year. "We predict it will continue to grow close to 5 percent until the end of the year," he said.   https://www.thejakartapost.com/news/2016/09/20/august-auto-sales-another-sign-of-economic-recovery.html
More Japanese ‘Flavors’ in Indonesia
09 Sep 2016
Business of food and beverages ­avoring in Indonesia becomes more attractive. Within the last six months, two global ­avoring companies launched expansion to Indonesia.  Recently, Japanese ­flavoring company PT Takasago Indonesia will invest 19.5 million USD to establish a new factory at 16,000 meter square of area in Bekasi, West Java. According to Financial Advisor at PT Takasago Indonesia Leni Burhan, the construction of the factory will start at the beginning of 2017. The factory, which will have 3,000 ton of production capacity per year, is expected to start operating in 2018.  Previously, PT Takasago Indonesia had built factory in Purwokerto, Central Java. Aside of Takasago, another Japanese ­avoring company PT Ajinomoto will expand its factory in Karawang Industrial Zone, West Java.   http://m.kontan.co.id/news/foreigners-mor-agressive-in-flavoring-business
Investment in Indonesia's Automotive Sector: Nissan's New Plant
16 Sep 2016
Nissan Motor Indonesia (NMI), the Indonesia-based local unit of Japanese multinational automobile manufacturer Nissan Motor Company Ltd, started construction of a new engine and transmission parts plant in Purwakarta (West Java). The plant, which will be constructed at NMI's existing facilities in Purwakarta, covers 3,000 of square meters in size and requires an investment of around 435 billion IDR (33.2 million USD). The plant is designed to have a production capacity of 96,000 units per year.       http://www.indonesia-investments.com/id/news/todays-headlines/investment-in-indonesia-s-automotive-sector-nissan-s-new-plant/item7173
Indonesia Power Company Signs 294 Million USD Deal with Mitsubishi
16 Sep 2016
State utility company Perusahaan Listrik Negara, better known as PLN, is confident that it can complete an extension of the Muara Karang power plant, which supplies electricity the greater Jakarta area, by 2019, after signing a 3.9 trillion IDR (294 million USD) deal with a contractor. PLN and a consortium of Japan's Mitsubishi and state-owned construction company Wijaya Karya signed the engineering, procurement, and construction contracts at the utility company's headquarters in Jakarta. The expansion of the Muara Karang gas-powered plant will increase its capacity by 500 megawatts. The current capacity is 1,200 MW.