JAKARTA (TheInsiderStories) – Followings are some market news that will serve your investment compiled by our team :
*Indonesia Stock Exchange to monitor the movement of shares of PT Bumi Resources Tbk (BUMI) due to price increases and the unusual activity compared to the previous period. The last information submitted by the company to the Stock Exchange on 12 October was about exploration activity.
*PT Bank Maybank Indonesia Tbk (BNII) has reported the profit in nine months period to grow 123% year on year (yoy) to Rp 1.31 trillion compared to Rp 587.37 billion as of September 2015. Total outstanding loan amounting to Rp 104.10 trillion or grew by only 1.96% compared to Rp 102.33 trillion as of December 2015.
*PT Dian Swastika Sentosa Tbk (DSSA) poured loan to an indirect subsidiary PT Andalan Mas Sejahtera worth Rp150 billion maturing 2019 with coupon rate of 10.5% per year. The loan facility will be used to improve the capital structure of the unit.
*The Ministry of Trade has issued Letter of Import Approval to Perum Bulog to import 200,000 tonnes of corn from the United States, Brazil or Argentina for the needs of the micro, small, and medium enterprises (SMEs) and national stock.
*The government is preparing a special economic policy on a logistics distribution system, especially to expedite the implementation of the blueprint on the logistics supply system of the country, Coordinating Minister for Economic Affairs Darmin Nasution said. So far, the government has issued 13 economic policy packages over the past year, marked with massive deregulation, simplifying licensing procedure and cancelling thousands of regional regulation.
*Bank Indonesia is preparing syariah compliant deposit certificates for NCD to strengthen the liquidity of the banking industry as an alternative mode of raising funds, assistant director of the syariah economic and financial department at Bank Indonesia, Rifki Ismal said. Syariah compliant NCD is a money market instrument designed by combining the advantages of deposits and bonds or sharia bonds. Besides easily accessible like deposits, the sharia compliant NDC can also be sold in the money market in the same way as bonds, he noted. To make this instrument a reality, BI, which has the authority to buy and sell financial products, will coordinate with the Financial Service Authority. BI is still conducting various studies covering aspects such as edict (fatwa), factoring and limitation before issuing sharia compliant NCD in 2017. Sharia NCD can also be directed towards expanding credit along with the rising liquidity fund.
*Energy and Mineral Resources Minister Ignasius Jonan sets to put into effect one-price fuel policy all across Indonesia in 2017. He claimed that he will follow up President’s plan by immediately issuing a ministerial decree as a legal regulation for the policy. However, he pointed out that the regulation serving as technical guidelines will be made fair. (*)