Macro
Developers Show Sky-High Growth in 2012 | The Jakarta Post
Property developers have performed on a par with market forecasts predicting skyscraper growth. Comparing recent financial reports of property developers, PT Agung Podomoro Land (APLN), whose projects include upmarket residential estate Green Bay Pluit, remains one of the strongest performers. In 2012, APLN made IDR4.7 trillion (US$484.1 million) in revenue and Rp 841.3 billion in Full Article
New Foreign Logistics Players Plot Expansion | The Jakarta Post
(The Insider Stories) — New foreign logistics companies are jostling to expand their businesses in Soewarna Integrated Business Park at Soekarno-Hatta International Airport in Cengkareng, Banten. Soewarna planned to expand into the air freight security management system business as regulated agent. Soewarna marketing and commercial leasing manager Binsar Pandiangan said that logistics companies from Australia, Full Article
Govt opens tender for $2.15 billion construction projects | Jakarta Post
(Insider Stories)-About 2,000 packages of road and bridge construction projects worth 20.98 trillion rupiah (US$2.15 billion) across the archipelago are currently under auction as part of the government’s long-term infrastructure development plan, the Jakarta Post reports. Infrastructure projects have often stalled in Indonesia due to regulatory issues and a lack of funding. But regulatory frameworks Full Article
Indonesia will issue bid for PV plants totalling 150 MW – Antara
The Government of Indonesia will issue a request for proposal to install PV power plants with a combined capacity of 150 MW in the county in April a report of Indonesian agency Antara. The Government of Indonesia will issue a request for proposal to install PV power plants with a combined capacity of 150 MW Full Article
AKR Cooperates With Pelindo III to Build Port in Gresik The Jakarta Post
The Jakarta Post reported on Tuesday that A distributor of petroleum and chemical PT AKR Corporindo Tbk (AKRA) joint hands with state port operator Pelindo III to construct an integrated port project called the Java Integrated Industrial and Post Estate in Gresik, a city in East Java. See full story from The Jakarta Post.Full Article
Indonesia Eximbank targets solid loan growth despite weak global economy | Insider company data
(Insider Stories)-Indonesia Eximbank targets solid loan growth despite weakness in many big export markets as it offers more types of loans and local exporters push into new export destinations. Loan growth is seen at 37% this year after loans rose 31.71% last year to 27.05 trillion rupiah ($2.8 billion) despite a turbulent global economy, the bank Full Article
Finance minister Agus Martowardojo in fit and proper test for Bank Indonesia governor | Insider executive data
(Insider Stories)-President Susilo Bambang Yudhoyono has made a surprise decision to nominate finance minister Agus Martowardojo for the top position at the central bank. Although Martowardojo is a respected figure within the investment community, there are many doubts that he can gain enough support from lawmakers to win the job. In Indonesia, the central bank Full Article
High wages force tens of businesses to move to provinces outside Jakarta | Kontan
(The Insider Stories) — High labor costs are forcing 41 firms to move their businesses elsewhere, Kontan daily reports Monday. Sarman Simanjorang, the vice chairman of the Jakarta chapter of the chamber of commerce, said the 41 firms are preparing new plants in West, Central, and East Java provinces. The three provinces have a minimum Full Article
Indonesia among priciest industrial zones in Southeast Asia | Kontan
(The Insider Stories) — Indonesia has the highest land price for industrial complexes in Southeast Asia excluding Singapore, Kontan reported Monday. Each square meter in an Indonesian industrial zone cost an average of $191 last year—forecast to reach $200 this year—compared with $119 in Bangkok, $52-$102 in Manila and $20-$25 in Malaysia. The Indonesian price Full Article
Indonesian forex reserves may dwindle by $2 billion in March | Wires
(The Insider Stories) — Indonesia’s foreign exchange reserves may fall by $2 billion this month, bringing the total decline in the first quarter of the year to nearly $10 billion, a survey by Bloomberg shows Monday. The reserves, which dwindled by $7.6 billion in the first two months of the year, have been under pressure Full Article
Jakarta deputy governor releases spending figures via website; in line with city budget | INSIDER DATA
(Insider Stories)-A spending transparency initiative by Jakarta deputy governor Basuki Tjahaja Purnama, known as Ahok, continues a track record the new Jakarta administration has established in its short time in office for transparency and good financial management. Many observers see the new city government as one of relatively few bright spots in Indonesia’s leadership. Full Article
Jakarta Governor to Personally Inspect Monorail Developer Claim; Firm Submits Paperwork on Time Globe
(Insider Stories)-Jakarta governor Joko Widodo, widely seen as one of Indonesia’s few competent, reformist leaders, has indicated he is taking a personal interest in the development of a monorail that would be one of the capital city’s few modern modes of public transport, including inspecting a claim by the developer that it has settled a Full Article
ICRA Indonesia: 2013 Loan Growth Likely to Continue Mild Decline; Credit Quality to Stay Strong | INSIDER OUTLOOK
(Insider Stories)-Investor information and credit rating agency ICRA Indonesia expects the credit quality of Indonesian banks to stay strong in 2013 but says loan growth likely will extend last year’s slight decline. It expects loan growth to fall to 20%-22% this year from 23.1% last year, in due to the slow pace of global economic recovery, Full Article
Indonesia finance ministry completes small bond buyback for portfolio adjustment | INSIDER NEWS
(Insider Stories)-Indonesia’s finance ministry has completed a regular portfolio adjustment exercise by buying back 37.6 billion rupiah ($3.9 million) worth of FR28-series government bonds with 10% coupon maturing 15 July 2017 at an average price of 120.36. The ministry’s debt management office said it bought the bonds directly on the secondary market via its dealing room Full Article
Knight Frank analyst warns of potential bubble in Jakarta, Bali property Kontan
(Insider Stories)-Indonesian real estate hasn’t yet shown clear signs of a bubble despite increasing capital flows, but Knight Frank analyst Hasan Pamudji has become the latest market watcher to add to a cautious tone on the sector, Kontan newsportal Tuesday. Knight Frank projects Jakarta office space to rise by 744,862 square meters through 2014 with Full Article
