JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*The Ministry of Trade is ready to submit an objection appeal the WTO decision which ruled in favor of the United States and New Zealand related trade barriers for food imports to beef. Trade Minister Enggartiasto Lukita claimed to have been aware of the decision. He along with the Ministry of Trade was ready appealed against the verdict.
*Finance Minister Sri Mulyani inaugurate the State Assets Management Institute to support the optimization of the management of state assets. The agency is expected to improve their economic and social benefits at the same time explore the potential return on assets and Non Tax Revenue erived from the property of the state.
*Trade Minister Enggartiasto Lukita said government will revise the Minister of Agriculture (Permentan) No. 49 of 2016 on the Entry Large Ruminant into the territory of the Republic of Indonesia. Three points to revise, government will allowed feeder cattle imports weighs from 350 kilograms (kg) to around 250 kg to 500 kg, the import licensing recommendation is given in a single year from currently every four months and the implementation of the commitment audit imported sires with the composition 1: 5 which is conducted every year starting in late 2018. Just for the record, the price of feeder cattle from Australia is around AUS$3.5 per kg with this policy the price may drop to AUS$ 2.5 per kg.
*Chairman of the Indonesian Motorcycle Industry Association (AISI) Gunadi Shinduwinata said this year, the exports of motorcycles are expected to hit 400,000 units or rise by 11.1% than the initial projection of 360,000 units. In 2017, He projects the exports of motorcycles will rise by 10% from the realization of this year. The total sales of motorcycles in domestic market are projected to reach 6.1 million units by the end of the year. As of November 2016, the national sales just reached 5.4 million units. Gunadi said that the sluggish motorcycles sales were caused by the recent economy, which only grew by 5.1%. Gunadi added that the number of motorcycles sales in the second semester of 2017 will determine whether the motorcycles sales will be booming or not.
* PT Raja Kamar International, a subsidiary of PT Panorama Sentrawisata Tbk (PANR, Rp575) received additional funds US$10 million from Archipelago Tourism International. King Room has issued new shares which are then absorbed by Archipelago on Dec. 21. As a result, Archipelago now clutching 11.78% stake in the unit.
*PT Agung Podomoro Land Tbk (APLN, Rp202) through its subsidiary PT Alam Makmur Indah (AMI) removing stake in Trans Hex Karawang, a consortium that will develop the industrial land area of almost 2,000 hectares in Karawang. AMI has signed a binding share purchase agreement as much as 11.2% in Trans Hex to PT CFCity Karawang Real Estate Development.
*The movement of crude oil prices fell today, as traders took profits ahead of the Christmas holiday and New Year as well as the impact of the strengthening US dollar. According to Bloomberg, the price of WTI oil contracts in February 2017 fell to 0.64% (0.34 points) to US $ 52.61 a barrel at 14:36 pm, after opening down 0.51% (0.27 points) in position 52, 68.
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