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Indonesia’s Car Sales Surges 72.6% After Get Tax Incentives

JAKARTA (TheInsiderStories) - The Association of Indonesian Automotive Industries (GAIKINDO) reported car sales surged 72.6 percent to 84,910 units in March compared to a year ago,...

Indonesia’s PMI Improves to 53.2 in March

JAKARTA (TheInsiderStories) - Indonesia Manufacturing Purchasing Manager' Index (PMI) improves to 53.2 in March from 50.9 in February amid sharp accelerations rates of growth in output and...

Indonesia’s Chandra Asri Offers Rupiah Bond US$69M

JAKARTA (TheInsiderStories) - Manufacturer, PT Chandra Asri Petrochemical Tbk (IDX: TPIA) announced to releases three series of Rupiah bond with total amount of Rp1 trillion (US$69.44...

Japfa Comfeed Indonesia Raises US$350M from Global Bond Market

JAKARTA (TheInsiderStories) - Poultry feed producer, PT Japfa Comfeed Indonesia Tbk (IDX: JPFA) has issued global bonds with total amount of US$350 million with a coupon...

Indonesia Examines Tax Relaxation for Larger Type of Cars

JAKARTA (TheInsiderStories) - President Joko Widodo asked industry ministry to examine an expanding and deepening luxurious tax for motorized vehicles with cylinder more than 1,500...

Indonesia’s Krakatau Targeting Sales Grow 27% in 2021

JAKARTA (TheInsiderStories) - Steel producer, PT Krakatau Steel Tbk (IDX: KRAS) targeting the Hot Roll Coil and Cold Roll Steel sales to reached 2.04 million tones...

Indonesia’s Chandra Asri Seeks Fund US$70M from Bond Market

JAKARTA (TheInsiderStories) - Manufacturer' PT Chandra Asri Petrochemical Tbk (IDX: TPIA) seeks funds around Rp1 trillion (US$70.17 million) from the bond market to strengthening the capital,...

Three Japanese Companies Relocates Plant From China to Indonesia

JAKARTA (TheInsiderStories) - Industry minister, Agus Gumiwang Kartasasmita, has confirmed at least three Japanese companies will relocate their factories from China to Indonesia. The company are...

Indonesia’s PMI Lost Momentum in February, Drops to 50.9

JAKARTA (TheInsiderStories) - Indonesian manufacturing growth lost momentum in February amid disruption of the COVID- 19 pandemic, IHS Markit reported today (03/01). The country' Manufacturing Purchasing...

Pupuk Indonesia to Raises US$178M from Bond Market

JAKARTA (TheInsiderStories) - Fertilizer producer, PT Pupuk Indonesia optimistic to raises Rp2.5 trillion (US$178.57 million) from the domestic bond market, said the management last week. The notes...

GAIKINDO: Indonesian Car Sales 750,000 Units in This Year

JAKARTA (TheInsiderStories) - The Association of Indonesian Automotive producers (GAIKINDO) is optimistic that new car sales in this year could reached 750,000 units compared to...

Indonesia’s Sritex Postpones the Global Bond Issuance

JAKARTA (TheInsiderStories) - Textile producer, PT Sri Rejeki Isman Tbk (IDX: SRIL) or Sritex has postponed its plan to issue global bond due to unfavorable market...

Indonesia’s Manufacturing PMI Climbs to 51.3 in December

JAKARTA (TheInsiderStories) -  Indonesia Manufacturing Purchasing Managers' Index (PMI) climbed to 51.3 in December from the previous month at 50.6, IHS Markit reported today (01/04). The data...

Indonesia’s Mayora Targets Sales Rise 10% Next Year

JAKARTA (TheInsiderStories) - The food-maker, PT Mayora Indah Tbk (IDX: MYOR) sees the sales to grow at least 10 percent in 2021 compared to this...

Indonesia’s Car Sales Rises 10% in November to 53,884 Units

JAKARTA (TheInsiderStories) - Indonesia' car sales rose by 9.9 percent to 53,884 units in November from the previous month and fell by 41 percent compared to...

Indonesia Sees US$2.3B of New Investment in Agro Industry

JAKARTA (TheInsiderStories) - The Ministry of industry recorded around Rp32.5 trillion (US$2.30 billion) of investment in agro industry has potential to enter Indonesia, said the official last...

Indonesian F&B Industry Estimates to Grow 5 – 7% in 2021

JAKARTA (TheInsiderStories) - The Association of Indonesian Food and Beverage Entrepreneurs (GAPMMI) estimates that the food and beverages (F&B) industry can grow 5 - 7 percent...

Indonesia’s Gunung Raja Paksi Prepares US$486M for Expansion

JAKARTA (TheInsiderStories) - Indonesian steel-maker, PT Gunung Raja Paksi Tbk (IDX: GGRP) prepared an investment funds around Rp6.8 trillion (US$482.26 million) to build new factory in...

IHSMarkit: PMI Indonesia Rises to 50.6 in November

JAKARTA (TheInsiderStories) - IHSMarkit reported the Purchasing Managers' Index (PMI) of Indonesia stood at 50.6 in November, up nearly three points compared to the previous month...

Japfa Comfeed Builds New Factory in Vietnam worth of US$13M

JAKARTA (TheInsiderStories) - Japfa Comfeed Vietnam Co. Ltd., unit of Japfa Ltd, build a new factory in the seven-hectare Nhon Hoa industrial areas, Vietnam, said the...

Uni-Charm Indonesia Ready to Buyback Shares for US$89M

JAKARTA (TheInsiderStories) - Sanitary-maker, PT Uni-Charm Indonesia Tbk (IDX: UCID) will use the funds from the initial public offering (IPO) amounting to Rp1.25 trillion (US$88.65 million)...

Indonesia Sees the Non-oil and Gas Industry to Grow 3.59% in...

JAKARTA (TheInsiderStories) - The ministry of industry sees the non-oil and gas processing industry to grow 3.95 percent in 2021, based on the assumption that the...

US’s Cargill Build Corn Factory in East Java, Invests US$100M

JAKARTA (TheInsiderStories) - Global food producer from United States, Cargill Inc., invested US$100 million in PT Sorini Agro Asia Corporindo, to build a corn wet...

Indonesia’s Sritex Proposes Debt Extension Until 2024

JAKARTA (TheInsiderStories) - Textile producer, PT Sri Rejeki Isman Tbk (IDX: SRIL), also known Sritex, proposed to extends the maturity of the syndicated loan...

Indonesia’s Car Sales Only Grew Single Digit in October

JAKARTA (TheInsiderStories) - The Association of Indonesian Automotive Industry (GAIKINDO) reported car sales (from factories to dealers) as of October 2020, only rose 1...

Indonesian Parliament Proposes Alcoholic Drinks Law

JAKARTA (TheInsiderStories) - Indonesian parliament proposed the Prohibition of Alcoholic Drinks to the government, the document contained seven chapters and 24 articles showed last week....

Indomobil: Indonesia’s Automotive Market Rebound in 2021

JAKARTA (TheInsiderStories) - Car maker, PT Indomobil Sukses International Tbk (IDX: IMAS) believes that the Indonesian automotive sector will slowly recover starting next year...

Global Factory Output on the Fastest Rate in October

JAKARTA (TheInsiderStories) - Global factory output rose at the fastest rate for two and a half years in October, signaling a strong start to the fourth...

Indonesia’s Manufacturing Index Up Slightly to 47.8 in October

JAKARTA (TheInsiderStories) - The latest Purchasing Managers Index (PMI) survey data showed conditions in the manufacturing sector in Indonesia worsened at the start of the quarter fourth. Production...

Indonesia’s TPS Food Releases New Shares US$33M

JAKARTA (TheInsiderStories) - After raised Rp1.26 trillion (US$85.71 million) from rights issue of six billion Series B shares in September, now, PT Tiga Pilar Sejahtera Food...
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