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Hero Set Prices Rights Offering IDR3,200 to IDR3,900
(The Insider Stories) - Retail group PT Hero Supermarket (IDX:HERO) set the price between IDR3,200 to Rp 3,900 a piece from selling 889 million shares in a limited public offering to existing shareholders in June. The company said in a brief prospectus, for every 100 shares owned, shareholders may buy between 23 and 27 new Full Article
Indonesian president eyes single fuel price hike
(The Insider Stories) - Indonesian President Susilo Bambang Yudhoyono will announce the fuel hike ncluded compensation for those affected, with such measures as providing subsidised rice and scholarships for studying after revise the 2013′s Budget with House of Representatives. He hope the budget revisions will be finalized in May. Government prepared to raise the price of fuel Full Article
Japfa Comfeed says cancels plan to buy back shares | Company data
(The Insider Stories) – PT Japfa Comfeed Indonesia (IDX:JPFA) says in an announcement that it has cancelled a plan to buy back shares. The poultry and feed producer had previously said in a prospectus it planned to buy back shares over a period of 18 months starting in June, spending up to 800 billion rupiah Full Article
Tycoon Hary Tanoesoedibjo plans to raise IDR7 trillion
(Insider Stories) – Three companies owned by Indonesia tycoon Hary Tanoesoedibjo plan to raise funds from rights issue programs totaling up to 7 trillion rupiah this year. PT Global Mediacom (IDX:BMTR) director Oerianto Guyandi told The Insider Stories that the company will release up to 9.1% of their enlarged capital and expect to grab IDR2.97 Full Article
A Small Deflation, a Lower Trade Deficit - Bank Danamon | Outlook Data
(Insider Stories) - With Indonesia’s recent high inflation looking set to be tamer after supply disruptions have eased for food products like onions and garlic and global gold prices have cooled, markets will have their eye on consumer price index and trade data due for release May 1. The following is some analysis on what Full Article
Sulawesi Mining Investment nickel pig iron smelter set to be complete 2014 | Sector data
(Insider Stories) – The first stage of Indonesian-Chinese joint venture PT Sulawesi Mining Investment’s US$1 billion nickel pig iron smelter in Central Sulawesi is expected to start operating by the end of 2014, after another company recently brought onstream Indonesia’s first nickel pig iron smelter under a new law that mandates that miners build domestic Full Article
IMF: Indonesia Faces ‘middle-income trap’ without reform - wires | Outlook data
(The Insider Stories) – Asia must guard against asset bubbles while its emerging economies must improve government institutions and liberalize labour and product markets, or risk falling into a “middle-income trap” where economies stagnates at middle-income levels, according to a regional economic outlook from the International Monetary Fund. Below is a summary of the report Full Article
Bank Muamalat to offer 30% of shares, wants capital a third higher | Company data
(Insider Stories) – Indonesian shariah bank PT Bank Muamalat expects to raise IDR2.5 trillion from a secondary public offering of up to 30% of its shares, with PT Bahana Securities and PT Danareksa Sekuritas as joint lead underwriters on the deal that it hopes will increase its capital by a third and allow it to lend Full Article
Lippo and Sentul City to invest IDR8 trillion to develop integrated CBD Sentul City | Company data
(Insider Stories) – Property development giants Lippo Group and Sentul City will develop an integrated development called CBD Sentul City in West Jakarta with total area of 250,000 square metres for a total investment of 8 trillion rupiah ($823 million), as the upmarket property sector continues to grow. The companies will build apartments, a hotel, Full Article
Weekly report: Finance minister pick has investors uneasy, while investment and inflation improve | Sector data
TIS Weekly: macro edition - Main story: Finance minister’s appointment has investors uneasy about future Investors are yet to react strongly to the surprise appointment of a political figure as acting finance minister, but may become jittery if he remains in the post for too long - Roundup: Asian investors drive surge in Indonesia FDI, Full Article
Japfa Comfeed to buy back IDR800 billion shares | Company data
(The Insider Stories) – Poultry and feed producer PT Japfa Comfeed Indonesia (IDX:JPFA) plans to buy back shares over a period of 18 months starting in June, spending up to 800 billion rupiah on the program, it said in a brief prospectus. Preparation is also in the final stages for a plan to raise US$225 million Full Article
Asean bank deal moves closer - The Jakarta Globe | Outlook data
(The Insider Stories) – Central banks in the Association of Southeast Asian Nations expect to finalize by the end of this year a preliminary document on principles for agreement for regional banks to gain improved market access within Asean, moving the region closer to a regional economic community that is expected to generate strong interest Full Article
Investment manager Ashmore Group seeks growth in Indonesia - Reports | Company data
(Insider Stories) – Emerging market-focused investment manager Ashmore Group PLC is betting on growth in Indonesia’s relatively undeveloped mutual fund market, opening its second Southeast Asia office in the country to take advantage of strong growth in the region’s biggest economy. London-based Ashmore had a reported $77.7 billion under management as of March 31 and Full Article
Indonesia inflationary pressures seen easing through July, elbow room for fuel price hike | Sector data
(Insider Stories) – Indonesia’s inflationary pressures will likely ease in the months through July, providing room for the government if it wants to raise subsidized fuel prices, a central bank deputy governor said Friday. The CPI, the main inflation gauge, may rise 5.6% in April on year but fall by 0.04% from the previous month, Full Article
Liverpool Football Club confirms debut Indonesia visit in July | Sector data
(Insider Stories) – Liverpool F.C. has confirmed it will visit Indonesia to play a first-team match on July 20 against an Indonesian XI, making the storied Barclays Premier League side the latest to tap Indonesia’s football mania and rising middle-class purchasing power as Premier League sides seek to broaden their appeal in Asia. The visit will Full Article
