All Articles: | Outlook data
Improving services sector seen as boost to Indonesia’s growth: BKPM - The Jakarta Globe | Outlook data
(The Insider Stories) — Indonesia could boost its economy by promoting the services sector more, with investment in services growing at only a fifth of the pace of overall FDI, The Jakarta Globe reports, citing investment coordination chief Chatib Basri. The full story is below: Indonesia can do more to promote the services sector, which Full Article
Tycoon Eric Thohir sees synergy between media, telecoms - The Jakarta Post | Company data
(The Insider Stories) – Media tycoon Eric Thohir says synergy is achievable between his PT Mahaka Media (ABBA) company and mobile phone operator PT Hutchison 3 Indonesia, known as Tri, after a consortium of the Trinugraha Thohir Group run by Eric’s brother brother Garibaldi “Boy” Thohir and private-equity player Patrick Waluyo’s PT Northstar Pacific bought Full Article
Nike eyeing expansion in Indonesia as satisfied with contractors - Industry minister | Company data
Indonesia’s industry minister says Nike Inc. (NKE) is considering raising its investment in Indonesia as the sporting goods maker, one of world’s biggest, seeks to make the country a production base as it considers partnerships with local contractors successful, while the apparent plan to increase investment could assist with wage issues that the company has faced Full Article
Indonesia-Korea partnership may be ready October, focuses on industry investment | Sector data
(Insider Stories) — The Indonesia-Korea Comprehensive Economic Partnership Agreement, expected to nearly double the volume of bilateral trade between Indonesia and South Korea to $50 billion in 2015 and increase investments by Korean companies in Indonesia, may be finalized within six months, the industry minister says. Terms of reference have been finalized for the deal, Full Article
Toyota Astra auto and financing units optimistic on sales | Sector data
(The Insider Stories) – Companies owned by automotive giant Astra International (ASII) are optimistic that domestic car sales and auto financing will remain strong despite a weak global economy and a plan by Indonesia’s government to increase fuel prices in May. National car sales likely steady at 1.1 million PT Toyota Astra Motor, a Full Article
Danamon CEO Henry Ho: DBS deal good for banking industry | Sector data
(The Insider Stories) – Singapore’s DBS Group Holdings (DBSM) gained approval from Bank Indonesia (BI) last week to buy a majority holding in PT Bank Danamon (BDNM), paving the way for DBS to potentially buy up to 99% in Indonesia’s sixth-biggest lender by assets in a deal that at up to $7.2 billion could become the Full Article
Sampoerna to inaugurate a new handrolled cigarette plant in Jember, East Java - Press release | Company data
(Insider Stories) — PT HM Sampoerna Tbk. today announced its plans to inaugurate a hand-rolled kretek cigarette manufacturing facility in Jember, East Java. The factory is expected to absorb a workforce of approximately 4,500 people, a strong catalyst for economic development in the Jember area. Surabaya, 18 April 2013 – Sampoerna (IDX: HMSP) made the Full Article
Investors race to buy Bukopin shares - Exclusive | Company data
(The Insider Stories) – Three investors are racingto buy up to 41.4% shares of commercial bank PT Bank Bukopin (BBKP) from state-run labor groups Koperasi Pegawai Bulog Seluruh Indonesia (Kopelindo) and Yayasan Bina Sejahtera Warga Bulog (Yanatera). According to sources, PT Bank Rakyat Indonesia (BBRI), Bosowa Corp. and Indonesian private-equity firm Saratoga Capital are competing Full Article
Law firm Bird & Bird looking at Indonesia as part of Asia expansion – report | Company data
(The Insider Stories) – Law firm Bird & Bird is looking to expand more in Asia and may open in Indonesia and South Korea while also increasing its presence in Malaysia, a report says. The UK outfit is reportedly looking for cooperation opportunities to do energy and corporate law work in Indonesia, and intellectual property Full Article
Trans-Sumatra-Java-Bali pipeline will connect by 2021 - Report | Sector data
(The Insider Stories) – State-owned gas distributor PT Gas Negara (PGAS) plans to connect the Trans Sumatra-Java-Bali gas pipeline by 2021, with the project taking around eight years to complete, a report says. PGAS president director Hendi Prio Santoso said the company will work on short-term projects that include an 80-kilometer-long pipeline in Lampung, a Full Article
UN report says Asia-Pacific growth will rise slightly in 2013 but policy changes are needed | Outlook data
(The Insider Stories) – The United Nations Economic and Social Survey of Asia and the Pacific 2013 forecasts that growth in the Asia-Pacific region will rise this year to 6%, above a rate of 5.6% last year but below 7% in 2011, and says rising economic security requires policy responses from governments, with Indonesia growing slightly faster Full Article
Pulp and paper exports gain 2% in 1Q due to verification system – Report | Sector data
(The Insider Stories) – The Wood Legality Verification System (SVLK) boosted pulp and paper export demand 2.02% on year to 5.45 trillion rupiah ($561 million) in the first quarter of the year, a report says. The Jakarta Globe quotes Indonesian Pulp and Paper Association (APKI) chairman Misbahul Huda as saying Indonesia is the world’s ninth-biggest Full Article
Lotte Group aims for $100 mln sales from new Jakarta mall - The Jakarta Globe | Company data
(The Insider Stories) – The Lotte Shopping Avenue that will open in Jakarta in June is targeting $100 million in retail sales by its third year it targets increasing middle class purchasing power with 77,000 square meters of space for middle-upper retailers like Lotte Duty Free, Uniqlo (9983), Hide Yamamoto and Seri Salon. The Jakarta Full Article
TPP in sharp focus as APEC ministers meet - Kyodo | Outlook data
(The Insider Stories) – Japan will enter another critical phase for joining the talks on the Trans-Pacific Partnership as APEC trade ministers meet in Indonesia this week, as it seeks to revive its economy by gaining membership in the free trade deal, Kyodo reports via The Japan Times. The full text of the report is as Full Article
CIMB Islamic views Indonesia as prime market - The Jakarta Post | Company data
(The Insider Stories) – Indonesia has the world’s biggest potential for shariah banking due to its large Islamic population, according to CIMB Niaga, which has more than $900 million in shariah assets in Indonesia and is growing strongly in the country, The Jakarta Post reports. The full text of the story is below: CIMB Full Article
