*Bank Indonesia has predicted that Indonesia will post foreign trade surplus in August around US$150 million. Deputy Governor Perry Warjoyo, said that the surplus is caused by increased exports of consumer goods and manufactured goods, such as machinery and chemical products. Consumption of raw materials has also increased, indicating improved domestic production. Indonesia trade surplus for August is expected to be lower than that of July which stood a $598.3 million. BI’s export-import data shows that non oil and gas import has increased especially for raw materials.
*PT Surya Semesta Internusa Tbk (SSIA) released the first phase of the bonds with a value of up to Rp 900 billion. A series offered as much as Rp 510 billion with a tenor of 3 years and a coupon 9.875 percent, while the B series is offered as much as Rp 390 billion with a tenor of 5 years and a coupon of 10.5 percent. 95 percent of the fund will be allocated to the subsidiary and the remaining 5 percent used as working capital.
*Based on data from the Ministry of Energy, coal production of Coal Mining Agreement Holders (PKP2B) during January to August 2016 reached 153.53 million tons. The number was lower 21.15 percent compared with the realization of the production in the same period last year of 194.71 million tonnes. While, exports in the same period recorded 119.58 million tons. Exports are still lower 21.99 percent compared with the realization in the same period last year of 153.28 million tonnes. The Domestic Market Obligation rose by 11.73 percent compared to the same period in 2015 of 33.26 million tons. As for the year-end, uptake of coal for electricity generation is projected to total 72 million tons.
*The Toll Road Regulatory Agency (BPJT) announced that tariffs in four toll roads will be increased by about 10 percent starting Oct. 26.Adjustment of toll rates during this reference to Article 48 of Law No. 38/2004 on the Road, and Government Regulation No. 15/2005 on toll roads, particularly Article 68 which regulates the evaluation and adjustment of toll rates is conducted every two years and adjusted for inflation. Head of Herry Trisaputra Zuna, said the new rates for Sedyatmo toll road raised on Sept. 19, the Jakarta-Cikampek toll road will be implemented on Oct. 16, rates in the segment Kertosono-Mojokerto section I on Oct. 17 and the Surabaya-Gresik segment rates will be adjusted on Dec. 23. Two toll roads managed by PT Jasa Marga Tbk (IDX: JSMR) the other by Astratel through its subsidiary PT Marga Harjaya Infrastructure and by PT Citra Margatama, a subsidiary of PT Citra Marga Nusaphala Persada Tbk (IDX: CMNP).