JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today:
IDX: Domestic Investors Numbers Rise in 2017
Indonesia Stock Exchange (IDX) reported that 44 percent increase in the number of investors have been evident in the past two years accompanied by an increase in domestic investment throughout this year. The number of investors reached 1.12 million investors with a rise in domestic investment reaching Rp340 trillion this year, said IDX spokesperson Yulianto Aji Sadono on Friday (29/12). He continued that foreign investors also still maintain investment in Indonesia as Rp261 trillion. Whilem trade activity in IDX has increased to almost 20 percent making the stock trade more liquid amidst other stock markets in Asia. The collected fund also reached the highest amount recorded in history with more than Rp802 trillion, he said.
Indonesia AirAsia Take Over by AirAsia Indonesia
PT Indonesia AirAsia has officially become part of publicly listed company PT Rimau Multi Pratama was renamed PT AirAsia Indonesia Tbk (IDX: RMPP) following the completion of a recent acquisition. RMPP acquired a 57.25 per cent of the Indonesian arm of Malaysia-based low-cost carrier AirAsia Bhd. on Friday (29/12) followed the conclusion of its rights issue and divestment of its coal trading and transportation business on the same day. In the rights issue, PT Fersindo Nusaperkasa and AirAsia Investment Ltd. acted as standby buyers of the new stocks issued by RMPP. Both of the company hold the remaining 42.75 per cent. AirAsia said in August that it opted for a backdoor listing through publicly listed firm RMPP to expand its business in Indonesia.
Custom Tax Revenues Rose 21% in 2017
The Directorate General of Customs of the Ministry of Finance reported in 2017 that total customs revenue until Dec. 28, 2017 amounted to Rp 189.36 trillion. That number is 100.12 per cent of the target of Revised State Budget of 2017 which amounted to Rp 189.14 trillion. This figure consisted of revenue of Rp 34.58 trillion, Rp 150.81 trillion for excise duties, and Rp 3.97 trillion outgoing duties. Minister of Finance Sri Mulyani Indrawati expects the Customs Office to maintain its performance to achieve the target of Rp 194.1 trillion in 2018.