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Danareksa Appoints Heru Adhiningrat as President Director
(The Insider Stories) — State-owned brokerage firm Danareksa on Tuesday said it has appointed Heru Adhiningrat as its president director replacing Edgar Ekaputra. Born in 1960, Adhiningrat holds a masters degree in finance from California State University, United States. He was the managing director of Danareksa Sekuritas from 1996 to 2001, then president director of Full Article
Danareksa Appoints Heru Adhiningrat as President Director | Insider Exclusive
(The Insider Stories) — State-owned brokerage firm Danareksa on Tuesday said it has appointed Heru Adhiningrat as its president director replacing Edgar Ekaputra. Born in 1960, Adhiningrat holds a masters degree in finance from California State University, United States. He was the managing director of Danareksa Sekuritas from 1996 to 2001, the president director of Full Article
Garlic and onion prices drive inflation, but supply crunch should ease - Bank Danamon | Outlook data
The following is an Indonesia economic briefing released by PT Bank Danamon Tbk, a leading Indonesian bank. Indonesia Economic Briefing Garlic and onion inflation, wider trade deficit By Dian Ayu Yustina, Anton Hendranata & Anton H. Gunawan April 1, 2013 Inflation Highlights: Garlic and Onion Inflation · Mar-13 CPI headline inflation Full Article
Bank Mandiri names Budi Sadikin as President Director | Insider executive data
(The Insider Stories) — Shareholders of Indonesia’s biggest bank by assets on Tuesday appointed Budi Sadikin as the new president director to replace the outgoing Zulkifli Zaini. Born in 1964, Budi Gunadi Sadikin holds a bachelor’s degree in nuclear science from the reputable Bandung Institute of Technology. Following his graduation, he moved to Tokyo to Full Article
Manulife: Indonesian Stocks May Gain 17% This Year | Wires
(The Insider Stories) — Indonesian stock market may rise by up to 17% this year, the biggest increase in three years, as a jump in minimum wage, low interest rate, and increasing members of the middle class spur domestic demand, Bloomberg reported Monday. “Domestic-oriented stocks will be the biggest contributor to the index,” Alvin Pattisahusiwa, Full Article
Indonesia 2015 Bond Gains on Inflation Concerns | Wires
(The Insider Stories) — Indonesia’s rupiah bonds maturing in 2015 gain on Tuesday as investors shift their holdings to short term papers after disappointing inflation data, Bloomberg reported. The yield of the two-year notes fell eight basis points to 4.35% in the early trading session, Bloomberg cites data from the Inter Dealer Market Association, marking Full Article
Association: Budget Hotels to Hit 30% in 2013 | Kontan
(The Insider Stories) — The number of budget hotels in Indonesia is growing more rapidly than other types and will likely reach 30% of total number of rooms by the end of this year, Kontan daily reported Tuesday. Yanti Sukamdani, the head of the country’s hotel and restaurant association, was quoted as saying that the Full Article
Mustika Ratu Ventures Into Hotel Business | Kontan
(The Insider Stories) — Mustika Ratu Investama, the parent of Indonesia’s cosmetic company Mustika Ratu (MRAT), aims to construct hotels in several cities in the near term, Kontan daily reported Tuesday. Its in design process for a hotel in Surakarta, or Solo, in Central Java and eyeing similar projects in Jogjakarta, Semarang, and Jakarta; all Full Article
BNI Asset Management to Issue 10 New Mutual Funds in 2013 | Kontan
(The Insider Stories) — BNI Asset Management, a subsidiary of the country’s fourth biggest bank by assets, plans to issue up to 10 new mutual funds this year, Kontan daily reported Tuesday. Investment Director Abdullah Umar Baswedan said the rupiah-denominated mutual funds would mostly be protected funds, followed by money-market funds and fixed-income funds, and Full Article
Provinces to Take Over Authority of Mining, Forestry and Plantation Concessions | Bisnis Indonesia
(The Insider Stories) — The Indonesian government is planning to transfer the authority of issuing mining, forestry and plantation concessions from municipalities and districts to provincial administrations in an effort to increase oversight. Home Affairs Minister Gamawan Fauzi on said the move will make it easier for the central government to monitor the issuance of Full Article
WTO Must Strengthen Rule-Based Framework | Wires
(The Insider Stories) — Mari Elka Pangestu, Indonesia’s minister for tourism and creative economy and candidate for the position of WTO Director-General, today underlined the importance of continuing to strengthen rule-based framework of the WTO and making progress in multilateral negotiations. “We need a stronger political will to guide Geneva negotiators to ensure deliverables at the Full Article
Equity Funds Take Lead in Q1 as Index Upbeat | The Jakarta Post
(The Insider Stories) - Those investing in equity funds might have been cheerful at increased returns, some even higher than the benchmark composite index, which surged by two digits in the first quarter. The Jakarta Composite Index (JCI) closed at an all-time high of 4,940.99 on March 28, 14.5 percent up in the year to Full Article
Samuel Sekuritas subscribes for Energi Mega Persada’s new shares | Company data
(The Insider Stories) — PT Samuel Sekuritas Indonesia will subscribe for a planned issuance by PT Energi Mega Persada Tbk (ENRG) of up to 4,058,411,000 shares without preemptive rights, 10% of its current outstanding shares, at 100 rupiah a share. The new shares in the listed upstream oil and gas company will be listed April 15 at Full Article
After a Bad Year, Coal Miners to Focus on Slashing Costs | The Jakarta Post
(The Insider Stories) — Last year was an unfortunate time for coal miners as declining price was reflected in plunging profits, prompting moves to cut cost this year. A number of listed coal miners have tried to increase production and sales volume, but revenue grew slower as the increase in production and sales volume failed Full Article
Indonesia March inflation rises 5.9%; to add to pressure on weak rupiah | Insider sector data
(Insider Stories)-An increase in Indonesia’s inflation rate in March to 5.9%, well above the official inflation target, will add to pressure on the rupiah alongside a widening trade deficit. The rupiah fell against the U.S. dollar for a seventh consecutive quarter in the January-March period, marking the longest losing streak since the Asian crisis in the Full Article
