JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*PT Garuda Indonesia Tbk (GIAA) targeting the seat load factor (SLF) in flights Jakarta - Mumbai will reached the level of average SLF to more than 80 percents in the first week after the inaugural flight operations. CEO & President Garuda Indonesia M. Arif Wibowo said, beside Jakarta Mumbai route, the company could serve direct flight, either through base hub of Jakarta and Denpasar to other promising destinations in India. Meanwhile, Assistant Deputy if The Asia Pasific Market Development Ministry of Tourism Vincencius Jumadu said the direct link flight of Jakarta – Mumbai can countribute to increasing the number of India tourist visit to Indonesia up to 1 million visitor in 2017. Bangkok was chosen as a connecting hub for Jakarta - Mumbai considered of the potential double leisure opportunity on the flight of Jakarta – Mumbai which connected through Suvarnabhumi Airport Bangkok. Flights Jakarta Mumbai vv (via Bangkok) is also part of the development program of networking Garuda Indonesia in Asia. With served flights Jakarta Mumbai, Garuda Indonesia expected to provide a variety options for people in India who want to travel to several major cities in Indonesia, especially in Jakarta, Denpasar, Surabaya, and Medan. Besides India, Garuda Indonesia has been flying from Jakarta to various countries in Asia, including Singapore, Malaysia (Kuala Lumpur), Thailand (Bangkok), China (Beijing, Guangzhou, Shanghai), South Korea (Seoul), Japan (Tokyo, Osaka) and Saudi Arabia (Jeddah, Madinah).
*PT Medco Energi International Tbk (MEDC, Rp1.395) prepared capital expenditure of approximately US$180 million or higher 24.13% of the capital expenditure plan for this year around $145 million.
*Indonesia Stock Exchange to auction nine seats stock exchange members which will be held on Jan.3. The President Director Tito Sulistio in an official statement said that the petition to be bidders to make a purchase stock exchange, at the latest on Dec. 21, 2016, at 17:00 pm.
*The government plans to replace the cost recovery scheme with a new scheme, namely gross split. With the new scheme is a contractual agreement with the Contractor Cooperation Contract (K3S) will be performed at the beginning, such as how the tax to how the division split.
*PT Indonesian Central Securities Depository records, there are three medium term notes (MTN) were published during December 2016. PT Inti Finance released Indosurya MTN ISIF VII 2016, with Rp39,20 billion principal amount and tenor of 12 months. MTN is offering an interest rate of 10.25% per year and the first interest payment scheduled for March 5, 2017.
*The Ministry of Industry has made ministerial decree No. 63 2015 on Tobacco Industry Roadmap 2015-2020. In the roadmap is one of which regulates the production quota of cigarettes. According to former Environment Minister Emil Salim, the roadmap was as a fertilizer for the tobacco industry. For though jensi cigarette rolls which are labor-intensive production is limited only 70 million stems, but the types of non bernikotin low (mild) increased dramatically.
*Financial Services Authority is still awaiting restructuring scheme PT AJB Bumiputera 1912. So far, PT Evergreen Invesco Ltd (GREN, Rp354) is called to be involved in the restructuring process, through its subsidiary, PT Mulia Pacific Industries. Chief Executive of the Financial Industry Supervision of Non-Bank (IKNB) FSA Firdaus Djaelani says, AJB Bumiputera still discussing the restructuring scheme with potential investor. So far, the so-called Evergreen most interested to restructure this company.
*Tax amnesty program has recorded the value of disclosure of assets reached Rp 3,999 trillion with the number of Taxpayer which had submitted Statement of Assets (SPH) totaled 499 379 WP accordin to the data dashboard Directorate General Taxation Ministry of Finance
*Crude oil prices stable movement in trading today, bolstered by rising demand in Asia and production cuts by OPEC and other exporters. According to Bloomberg, the price of WTI oil contract in January 2017 fell 0.36% or 0.19 points to US $ 52.64 a barrel at 13:39 GMT, having opened down 0.61% or 0.32 points at 52.51 position.
*Rubber prices closed higher in trading today, Tuesday. Rubber for delivery in May 2017, the most active contract on the Tokyo Commodity Exchange, closed up 1.45% or 3.70 points to 259.70 yen per kilogram.