JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*Government and Batam Authority Board agreed to revise head of the Management Board of Batam Regulatory (BP Batam) No. 19 of 2016 on Money Rates Annual Mandatory Authority (UWTO) after resistance from entrepreneurs. They Agreed, the rate increase is will not be more than 150 percent of the old tariff. Head of BP Batam Hartanto Reksodipoetro said on Friday (25/11), the current market price is 30-40 times higher than the price of land is managed by the authority.
*Head of fiscal policy agency of Finance Ministry Suahasil Nazara estimates in the next few years, crude oil price moves in the range US$45 $52 per barrel. He added, that the unspectacular rise of commodity prices in the world market will improve export sector, but export still will not become a source of our economic growth. While, director general for budgets Askolani, said the low price of commodity is still a challenge. He further claimed that such condition affects fiscal condition.
*President Joko Widodo promised to cut tax rate to small and medium enterprises (SMEs) from 1 percent to 0.25 percent. Such a statement was revealed by Cooperatives and SME Minister AAGN Puspayoga after accompanying 31 SME entrepreneurs to meet President Jokowi in Merdeka Palace. In addition, President Jokowi is set to lower redemption tariffs in Tax Amnesty program for SME taxpayers.
* Directorate General of Renewable Energy Energy Conservation states there are five companies interested in shares of PT Chevron Geothermal Indonesi at the Geothermal Working Area Drajat and Salak. Geothermal Director General of the Ministry of Energy and Mineral Resources EBTKE Saefulhak Yunus said, Chevron instead of removing the asset. This was due both WKP assets it belongs to the government.
*The movement of rubber prices ended trading tumbled on Friday due to profit taking ahead of the weekend investors and strengthening the performance of the Japanese yen. Rubber for April 2017 delivery, the most active contract on the Tokyo Commodity Exchange, closed slumped 1.34% or 3.20 points to 235.60 yen per kilogram.
*PT Impack Pratama Industri Tbk (IMPC, Rp1.025) ready to issue bonds worth Rp500 billion, consisting of two series. The Company charged an interest of 10% and 10.5%. The bonds will be issued December 2 and listed on the Indonesia Stock Exchange on Dec 5, 2016.
*PT Adhi Karya Tbk (ADHI, Rp1.920, BUY, TP Rp3,200) targets a new contract figures are quite optimistic. This is in line with the government’s commitment continues to boost infrastructure development. Director of Adhi Karya Budi Harto explains in the next year contract derived from the project Light Rail Transit (LRT) are still targeted the most dominant of the total contract target of Rp 44 trillion in 2017. ADHI has bagged construction project design and integrated underpass wake Mampang- Brass. The information presented in the company’s press release here. The contract value of the project of the Department of Highways Jakarta reached Rp202,211 billion with a construction period 392 days.
*PT Modern Industrial Estate (MIE), a subsidiary of PT Modernland Realty Tbk (MDLN, Rp344) is reviewing the construction of a shopping center or mall in Cikande in 2017. Pascall Wilson, Director of Operations of MIE, said the location of the industrial area of the company’s potential for development mall , As is known, the industrial area Modern Cikande terlatak between Attack in Tangerang.
*PT Siloam International Hospitals Ltd (SILO, Rp10.350) plans to carry out a rights issue with Preemptive Rights (ER). The number of shares to be offered a maximum of 144 512 500 ordinary shares, equivalent to 11.11% of the issued and paid up after PUT I.