JAKARTA (TheInsiderStories) – Here’s several news could affect stock market compiled by our team and Mandiri Sekuritas :
*Financial Services Authority assure the levies on financial services institutions will not rise, the amount is fixed at 0.045% of the total assets of financial institutions. FSA levies stipulated in Government Regulation No. 11 of 2014. The financial services sector that is collected is capital markets, banking and Non Bank Financial Industry. The type and amount of charges FSA classified into three types. First, the cost of licensing, approval, registration, and certification. Second, the cost of the review of the corporate action plan. Third, the annual cost in the framework of regulation, supervision, inspection, and research.
*Financial Services Authority next year’s budget increased 11% to Rp4,37 trillion. Most of these funds come from levies of financial institutions throughout 2016. In 2016, Parliament approved the budget of the agency Rp3,93 trillion. 6.1 increase from the previous year.
*As of November 2016, the growth in net asset value (NAV) of funds under management has reached 21.61%. Based on data from the Information Center for Mutual Fund Financial Services Authority, the value of funds under management up to November 2016 has reached Rp315,56 trillion. The value increased by 21.61% compared with the end of last year reached Rp259,49 trillion.
*GIC, Singapore’s Sovereign Wealth Fund invest Rp3.5 trillion to PT Nusantara Sejahtera Raya (NSR), the company which operates the Cinema XXI and The Premiere in Indonesia, in order to strengthen the position. This partnership will expand the scope of NSR theaters nationwide in order to provide world-class entertainment for the Indonesian population throughout the country. Founder NSR Benny Suherman explained that the GIC investment is a recognition of the work that has been done NSR in building the company and an endorsement of the views of the tremendous opportunities ahead.
*The realization revenues from custom duties until the end of this year is estimating to reach Rp 178 trillion or 96.8% of the revenues and expenditure target in the revise State Budget for 2016 Rp 183,96 trillion. Director of Admissions and Strategic Planning Directorate General of Customs and Excise, Sugeng Aprianto, the difference between the estimated realization of the targets is due to importation activities this year were lower 17% compared to last year.
*Rubber prices rebound on Monday’s trading. Rubber prices for delivery in May 2017, the most active contract on the Tokyo Commodity Exchange (TOCOM), closed soared 4.35% or 10 points to 239.70 yen per kilogram.
*Price of crude palm oil (CPO) as predicted rise in CPO exports to the EU. CPO futures contract for February 2017, the most active contract on the Bursa Malaysia, today opened with a rise of 0.16% or 5 points at the 3,081 ringgit per ton.
*In the construction of the Jakarta-Cikampek Toll Road II will be using materials of steel. PT Krakatau Steel Tbk (KRAS, Rp840) included in meeting the needs of the steel. Contributions KRAS is expected to help accelerate the process of cultivating Tol.