JAKARTA - Here’s some news that may influence shares trading today:
- Bank Indonesia survey showed consumer confidence index (CCI) 113.3, slightly lower than the previous month’s 114.2 but rated the monetary authorities are still at the level of optimism. The decrease was mainly due to the decline in the current Economic Conditions Index by 4 points to 97.2. On the other hand, the Consumer Expectations Index rose 2.4 points to 129.5.
- Finance Minister Sri Mulyani Indrawati has set a limit on the cumulative deficit of the Regional Budget in 2017 amounted to 0.3 percent. These rules set forth in Regulation of the Minister of Finance (PMK) Number 132/PMK.07/2016 which was signed on August 31, 2016.
- The Ministry of Finance will ensure power projects 35.000MW applied under the new regulation 130/2016.
- The Financial Service Agency (OJK) has published tenders mandatory exemption regulation for investors or companies that declare its interest in a publicly traded company that made the party become the new controlling shareholder. This policy applies to investors already have a deal closed Yag own shares in the market of negotiation and have previously been registered in a tax amnesty program participants. The incentive is applied throughout the tax amnesty period or until March 2017. Another incentive given to tax amnesty participants is a crossing fee discount of up to 45% of the charge, which is 0.03% of the transaction value.
- PT Semen Baturaja Tbk (SMBR, Rp1.550) plans to gradually attract loans worth 1.5 trillion from PT Bank Negara Indonesia Tbk (BBNI, Rp5.850, NEUTRAL, TP of Rp6,000) in 4Q16. The loan will be used to finance the expansion of the factory Baturaja II.
- Indonesian Motorcycle Industry Association (AISI) cut its sales target two-wheeler (2W) in 2016 amounted to 3% -4% from 6.5 million units to 6.3 million units. (*)
Source: Mandiri Sekuritas