JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*Indonesia and the tax authority of the United States (US) will sign an agreement on the cooperation of data exchange of the taxpayer transaction in the near time. Reportedly US’s tax authorities (IRS) has approved the Intergovernmental Agreement (IGA) filed by the Indonesian government. According to Mulya Siregar, Deputy Commissioner of Banking Supervision for Financial Service Agency, it had prepared a draft Circular about FATCA will be issued after the IGA signed by the Indonesian government and the IRS. The circular was issued on the basis of the publication of FSA Regulation No. 25/POJK.03/2015 concerning the delivery of foreign clients tax-related information to a partner or partners jurisdiction. In addition, FSA already set up a reporting system customer data of US citizens in Indonesia. There are two schemes will set up, first the financial institution must provide the data via the FSA and then report to the Directorate General of Tax (DGT) and followed by provide that information to the IRS. Second, the financial institution can be directly handed to the DGT and then DGT handed it to the IRS.
*Secretary of the National Council for Special Economic Zones Enoh Suharto Pranoto said Russian investors are ready to invest worth more than Rp100 trillion to develop KEK Tanjung Api-Api in South Sumatra (South Sumatra). In addition, he said, other investors who expressed interest to invest in the KEK Tanjung Api-Api, PT Indorama Synthetics Tbk (INDR), which plans to invest worth tens of trillions of rupiah. Therefore, He said, the National Board of KEK will pursue the implementation of the investment plan. KEK Tanjung Api-Api is located in Banyuasin, South Sumatra with the main activity industrial rubber processing, palm oil processing industry, and the petrochemical industry.
*The government is trying to lower the price of goods distribution. One of the ways to build airport infrastructure in isolated areas in Papua. In isolated areas in Papua have been built 34 airports. That number has been entered into the order of the aerodrome.
*The government has handed the Production Sharing Contract (PSC) to a consortium of East Natuna Block Pertamina, ExxonMobil, and PTT since October 2016 last. The consortium offered to the oil yield of 40%. According to Vice Minister Energy and Resources Mineral Archandra Tahar, the PSC of the East Natuna PSC will not be signed this year.
*PT Perusahaan Gas Negara Tbk (PGN, Rp2.740) continues to open up new natural gas market areas, one of them in East Java. This time PGN supplying ceramic factory owned by PT Arwana Citramulia Tbk (ARNA, Rp484) newly established in Mojokerto, East Java.
*The subsidiary PT Indopoly Swakarsa Industry Tbk (IPOL, Rp139) in China obtained a credit facility amounting to RMB85 million (equivalent to US $ 12 million). Issuer announced its subsidiary in China, namely Suzhou Kunlene Film Industries Co Ltd and Yunnan Kunlene Film Industries Co. Ltd. has earned a combined loan facility of United Overseas Bank (UOB) China Limited Shanghai Branch worth RMB85 million or US$12 million.
*PT Humpuss Intermodal Transport Tbk (HITS, Rp775) is still negotiating the price with a number of potential investors in a share sale plan deposits or treasury stock as many as 309,225,000 shares. Assessment is done by a number of financial institutions, mainly from private financial institutions.
*Crude oil prices fell more than 2% in trading Monday (9/1). Depressed signs of rising oil production the United States (US). When countries other oil producers are trying to stop reducing production to cope with oversupply.
*Government issued a state Islamic securities (Sukuk) amounting to Rp6.57 trillion in the regular auction today. Issuance value was above the indicative target of Rp 6 trillion. The number of incoming requests reached Rp24,01 trillion.