Macro
Ascott opens first Citadines in Indonesia, M’sia Wires
March 19 (The Indiser Stories) — The Ascott Limited, CapitaLand’s serviced residence business unit, has opened its first Citadines-branded properties in Indonesia and Malaysia. The Ascott Tuesday said it opened the 153-unit Citadines Rasuna in Jakarta and the 215-unit Citadines Uplands in Kuching to meet rising demand for serviced residences in Indonesia and Malaysia, on Full Article
Terry Davis to exit Coca Cola Amatil Aug. 2014; company steps up Indonesia focus AAP
March 18 (The Insider Stories) — Coca Cola Amatil Monday said that its managing director Terry Davis has decided to retire by the end of August next year, but plans to lead the company into the Indonesian market first, Australian Associated Press reported Monday. “The next 18 months will be crucial for CCA in the Full Article
Indonesia Allocates IDR15,500 Each Month to Cover Insurance for the Poor Kontan
(Insider Stories) — The Indonesian government will allocate 16.1 trillion rupiah ($1.66 billion) worth of insurance premiums for 86.4 million of the country’s poor and semi-poor in 2014, Kontan newsportal reported Sunday. The amount is equal to IDR15,500 a month in premiums per person, lower than a previous proposal of IDR22,200 a month. Finance Minister Full Article
Maintenance Triggers Blackouts in Timika – Kompas
March 18 (The Insider Stories) — The Timika region in Papua, Indonesia’s easternmost province, has been experiencing blackouts for several weeks amid maintenance of several power generators, Kompas newsportal reported Monday. Semuel Farwas, the region’s manager at state-electricity firm PLN, was quoted as saying that maintenance of three generators has created a power shortage equals Full Article
Indonesia 1Q investment may rise 20% on year from $7.3 bln -Government INSIDER NEWS
(Insider Stories) — Direct investment in Indonesia in the first quarter of will likely increase more than 20% from 71.2 trillion rupiah ($7.3 billion), the Chairman of the government’s Investment Coordination Board, BKPM, said Friday. Total investment commitments logged in BKPM’s pipeline last year were IDR860 trillion, Chatib Basri said on the sidelines of an Full Article
Indonesia govt’s debt management office to auction sukuk Monday | INSIDER NEWS
(Insider Stories) — The Debt Management Office of Indonesia’s Finance Ministry will hold an auction Monday of construction-project-backed sukuk, the DMO said Friday. It will reopen the PBS001, PBS002, PBS003, and PBS004 series of Islamic bonds that generate returns from profit generated by development of state-owned land and buildings, with some of the money raised Full Article
INSIDER HEADLINE: Bank Indonesia promises credit info bureaus by 2014 -Kontan
(Insider Stories) — Bank Indonesia has said that credit information bureaus serving the banking industry will be operational in Indonesia by 2014, Kontan newsportal reports Friday. State-owned enterprizes and private companies may tender for permission to create LPIP’s, the local acronym for credit bureaus, Sani Eka Duta, assistant director of BI’s credit information, permission and Full Article
INSIDER HEADLINE : Adaro eyes up to $4 billion power plant project in South Sumatra -Kontan
March 14 (The Insider Stories) — Coal miner Adaro Energy (ADRO) is participating in a power plant project in South Sumatra province, Kontan newsportal reported Thursday. The 3 x 600 megawatt project is estimated to cost up to $4 billion. Adaro President Garibaldi Thohir was quoted as saying that it will tap strong foreign demand Full Article
INSIDER HEADLINE : Japanese Security Firm Sets Up Indonesian Unit -Asahi
March 14 (The Insider Stories) — Sohgo Security Services Co. has set up a subsidiary in Indonesia to provide security services to Japanese companies, Asahi Shimbun newspaper reported Thursday. Sohgo offers security services such as alarm installation, security personnel and secure transport. Jakarta has a large population of expatriate Japanese professionals. While Jakarta is among Full Article
INSIDER HEADLINE: Sriwijaya Air to Establish Full Service Carrier Unit -Report
13 March (The Insider Stories) - Private airline PT Sriwijaya Air plans to set up a full-service subsidiary called Nam Air, Investor Daily reported Wednesday. Sriwijaya Air commercial director Toto Nursatyo was quoted by the paper as saying the company applied to the transportation ministry for permission to set up Nam Air in early February Full Article
INSIDER HEADLINE: Jakarta Governor Hopes Land Clearance For Priok Port Road Complete by April -Report
March 13 (The Insider Stories) — Jakarta Governor Joko Widodo hopes to complete the land clearance process in Jakarta’s Tanjung Priok port next month, a crucial step to improve logistics at Indonesia’s busiest port, Kontan newsportal said Tuesday. An 11.4 kilometer stretch of planned toll road is expected to speed up distribution of goods to Full Article
