Macro
India’s Apollo Tyres plans greenfield tyremaking plant in Indonesia or Thailand | Wires
(The Insider Stories) — India’s Apollo Tyres Ltd. (500877) is zeroing in on a location in Indonesia or Thailand for a greenfield facility to manufacture passenger car tyres and truck and bus radials with an investment of around 1.6 billion rupees (US$294 million/IDR2.85 trillion) in the first phase. “We are in the final stages of discussions Full Article
Foreign giants bid on $2.1 billion power grid | The Jakarta Post
(The Insider Stories) — At least five multinational investors will take part in a tender recently opened by state-owned electricity company Perusahaan Listrik Negara to construct an undersea power grid connecting South Sumatra and West Java provinces. PLN construction director Nasri Sebayang said recently that the five companies include Siemens AG (SIE) from Germany, Hitachi Ltd. (6501) and Full Article
Market risk: Possible BI tightening - Bahana Securities | Sector data
Arga Samudro | Bahana Securities source: The Jakarta Post (The Insider Stories) — Beating our and market expectations, Consumer Price Index (CPI) soared to the highest March month-on-month (m-m) level in the last five years at 0.63 percent due to high staple food prices particularly onions, curly chilies, orange and rental house tariffs. March m-m Full Article
Kyushu Electric moves closer to maiden geothermal project in Indonesia | Company data
(The Insider Stories) – Kyushu Electric Power Co. (9508) is inching closer towards its first geothermal power sales in Indonesia after its consortium signed a 30-year deal with Indonesian state electricity company Perusahaan Listrik Negara, as part of its efforts to diversify its portfolio ahead of increasing competition in Japan. PLN will be the off-taker Full Article
Starbucks Plans Add 100 Chains in Indonesia and the Philippines within 4-years | Insider News
(The Insider Stories) – Coffee chain Starbucks (SBUX) plans to ramp up its presence in Indonesia and the Philippines as it seeks to tap increasing wealth of the emerging Asian economies. The company Thursday unveiled its plan to open 100 new coffee stores in Indonesia, Southeast Asia biggest economy, over three years time, and also Full Article
ASEAN Needs to Tear Down Borders for Banks: ADB Report | The Jakarta Globe
(The Insider Stories) — Association of Southeast Asian Nations member states need to scrap restrictions and allow their banks to operate across borders within the region if Asean is to achieve financial integration by 2020, according to the Asian Development Bank. An ADB report on the matter was released in Brunei Darussalam on Monday as Full Article
Infrastructure Projects Could Drive Construction Market to Rp 400 Trillion | The Jakarta Globe
(The Insider Stories) — Indonesia’s construction market is predicted to reach Rp 400 trillion ($41 billion) this year or grow 20% compare to last year IDR330 trillion, a contractor association (AKI) chief said. Sudarto, head of AKI said, the domestic construction market has big potential. “Since two years ago, the construction sector contributed 8 percent Full Article
Govt to Extend Duties on Hot Rolled Coil | The Jakarta Post
(The Insider Stories) — The Trade Ministry has submitted recommendations to the Finance Ministry to extend recently expired anti-dumping duties on imported hot rolled coil from China, India, Russia, Taiwan and Thailand. “The minister has already approved our proposal to keep the duties on the steel products,” Indonesian Anti-Dumping Committee (KADI) chairman Bachrul Full Article
Association: Indonesian textile exports may fall 5% this year | Tempo
(Insider Stories) — The Indonesian textile export association estimates exports will fall 5% this year due to rising labor and utilities prices, Tempo daily reported Wednesday. Textile exports were $12.6 billion last year, with shipments mostly going to the U.S. and Europe, association chairman Ade Sudrajat was quoted as saying.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
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
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
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
Jakarta Govt Says Free Healthcare Access Improving, in Sign of Ongoing Reforms | Insider sector data
(The Insider Stories)–The Jakarta city government says a previously moribund program to provide free healthcare to some middle- and lower-income residents is beginning to show success, in a sign that the new city administration is continuing a record of proactive, reform-oriented governnance it has begun to establish in a relatively short time in office. Jakarta Full Article
