*PT Bank Negara Indonesia Tbk (IDX: BBNI) and PT Bank Victoria International Tbk (IDX: BVIC) signed a Memorandum of cooperation extension capacity building assistance as a Foreign Exchange Bank. Director of Treasury and International BNI Panji Irawan expressed, with the assistance of BBNI, Bank Victoria will be eligible to get a license as a foreign bank that is currently being proposed to the Financial Services Authority. Until August, trade finance of BBNI rose significantly by 65 percent YoY, driven by an increase in fee-based income by 90 percent.
*Bank Indonesia‘s governor Agus Martowardojo, said based on the central bank model, foreign exchange reserves could rise to $114.9 billion by the end of this year and jump to $151.5 billion by the end of 2017, from the $113.5 billion as of last month, partly because of inflows generated by the tax amnesty program.
*To support the implementation of the Amnesty Law of Taxation (Tax Amnesty), Bank Indonesia announced the extension time operation of the payment system on Sept. 29 and 30 through Bank Indonesia - Real Time Gross Settlement (BI-RTGS) and Bank Indonesia - Securities Settlement System (BI-SSSS ) for 60 minutes from originally at 5 pm to be 6 pm. Preparation closed system or Pre Cut Off which was originally 6 pm into 7 pm. Close system or cut off time BI-SSSS initially be 6.30 pm 7 pm and close system or cut off time BI-RTGS originally at 7 pm becomes 8 pm. All transactions that ended up to 2:30 pm extended for 60 minutes, including the deposit of state revenue, transactions between participants for clients and top up clearing. Extension window time SKNBI (Bank Indonesia National Clearing System) for Individual Credit Clearing for 60 minutes of sending Electronic Financial Data which initially until 6:30 pm was extended to 5.30 pm.
*Bank Indonesia (BI) to stabilize in the Interbank Money Market (interbank) by adding liquidity through the instrument Term Repo Tenor 1 week on Sept. 27 and Sept. 29 as well as additional liquidity through monetary operation instruments such as auction FX Swap increased frequency auction. This policy is intended to make available sufficient liquidity for perpetrators tax amnesty that will make the redemption payment of taxes to the State. With these efforts, BI expects that the tax amnesty program can run well so beneficial to the optimum for the national economy.
*Indonesia Stock Exchange suspended PT Pudjiadi & Sons Ltd (PNSE, Rp1,100) and PT Ratu Prabu Tbk (ARTI, Rp75). In other announcement, the stock exchange authorities opened the suspension of trading of shares in PT ICTSI Jasa Prima Tbk (KARW, Rp312) starting Thursday.
*PT Baramulti Suksessarana Tbk (BSSR, Rp1.405) through its subsidiary PT Gunung Antang Baru Meratus realize purchasing new dredgers Rp16 billion from PT Baramulti Sugih Sentosa. The vessel will be used to dredge rivers to facilitate the transport of coal.
*Finance Minister Sri Mulyani noted there are more than 11 thousand Taxpayer (WP) thanks to a new tax amnesty program. She said the tax amnesty program has been much in demand by the public. High public interest also led to high ransom funds obtained by the government. In fact, when compared with GDP, the rate stood at ransom tax amnesty in Indonesia is the highest in the world. High profile entrepreneurs has participate the tax amnesty program like Aburizal Bakrie and Prayogo Pangestu. They’r not only reported the treasure, but also bring a return (repatriation) treasures from abroad. Declaration abroad reached Rp773 trillion and Rp120 trillion have taken home (repatriation) to Indonesia. While the realization of ransom money has been paid to the bank by SSP (Tax Payment) that come in, have reached Rp90,7 trillion.
*In the first half of this year, PT AKR Corporindo Tbk (AKRA, Rp6.575) posted sales of land for industrial estates Rp170,43 billion. The Company expects to sell the land of about 40 hectares (ha) in the industrial area and Ports Java Integrated Industrial Estate (JIIPE) in Gresik, East Java.
*The construction of the Tanjung Priok Toll Access with length 11.4-kilometer toll road is expected to be ready by March next year. The Tanjung Priok Toll well spam from Cilincing to Plumpang. It is part of the Greater Jakarta Area toll network that is connected with the Jakarta Outer Ring Road, the Inner City Toll and the Port Toll. Other section, which is the 1.92-kilometer E-2A Cilincing-Simpang Jampea section, is expected to finish by the end of November. The Tanjung Priok toll is a project worth almost Rp4 trillion, funded using a loan from the Japanese government loans.