JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team and Mandiri Sekuritas :
*The second round of the Indonesia-European Union Comprehensive Economic Partnership (IEU-CEPA) negotiations, the which will take place Jan. 24-27 in Denpasar, Bali, judged to be a determinant of the direction of a strategic partnership for both parties. Director General of International Trade Negotiations (PPI) of the Ministry of Commerce, Iman Pambagyo states, the talks have a strategic role as a result of negotiations that will be the basis of Determining the mechanism and direction of the next agreement. This time, the two sides will discuss issues such as market access of trade in goods and services, customs and trade facilitation, technical regulations in the field of sanitary and phytosanitary measures, technical regulations in the field of technical barriers to trade, government spending, intellectual property rights, competition, transparency policy, dispute settlement, and trade and sustainable development.
*PT Softex Indonesia to build a new factory in Karawang with 23 production machines with an investment of approximately US $ 150 million. Rudolf Tjandra, Executive Director and CEO of Softex Indonesia, said the plant will be the third plant belonging Softex Indonesia after two factories in Tangerang and Sidoarjo, East Java. Total both factories have 23 production machines with individual utilities has reached 100%. The factory in Karawang began to be built this year, and expected to be completed by the end of 2018. Every year Softex Indonesia always grow 30%. Softex Indonesia plans to go public in late 2018.
*PT Indosat Ooredoo Tbk (ISAT) and Thuraya Telecommunications Company, one of the operators of satellite services leading the world, signed a cooperation agreement or Memorandum of Understanding (MoU) to develop a range of new services with leveraging technology and the Thuraya satellite network to complete portfolio of network and extend services to remote areas unreachable by cable or GSM cellular network. Bilal Hamoui, Thuraya’s Chief Commercial Officer said, the signing of this MoU is an important step towards long-term cooperation spacious and attractive. While, Herfini Haryono, Director and Chief Officer Wholesale & Enterprise Ooredoo Indosat, stated the MoU signing is an effort Indosat Ooredoo Business to support the digital transformation of our corporate customers with the possibility of communication, access to information and applications in remote locations anywhere.
*The Indonesian government plans to set the new tariffs of electrical power from renewable energy power plants, the National Energy Council (DEN) Tumiran said. With the new scheme, the prices of electrical power from new and renewable energy power plants will be different from one region to another because a maximum of 85 percent of the prices must be the regional production cost. Citing an example, he said if the production cost of electrical power in the eastern part of Indonesia is Rp2.5 thousand per kWh, then the price of electrical power from new and renewable energy power plants will be 85 percent of Rp2.5 thousand, namely Rp2.1 thousand per kWh. Especially in Java which has low production cost, the national production cost which stood at Rp980 per kWh last year will be applied in the island, he said.
*PT Indonesia Tourism Development Corporation (ITDC) plans to build a MotoGP racing circuit in the area of tourism of Mandalika in Lombok, West Nusa Tenggara. One form of synergy among others, is a partnership with PT Wijaya Karya Tbk (WIKA, Rp2,450, BUY, TP Rp3.000) related to the construction of roads and arrangement of Kuta Beach
*PT Bank QNB Indonesia Tbk (BKSW, 350) will conduct a rights issue. BKSW will issue as much as 8,240,474,383 shares with a nominal value of Rp250 / share. The Company will file a registration statement immediately after obtaining the approval of the General Meeting of Shareholders to be held on Feb. 28, 2017.
*PT Astratel Nusantara, a subsidiary of PT Astra International Tbk (ASII, Rp8.075, NEUTRAL, TP Rp8 .200) engaged in the field of infrastructure development will be a lot of acquisitions motorway. Stated that 30% of the toll road development in Indonesia will be handed over to the private sector because it requires the data Rp723 trillion to realize the 1,851 km of new toll roads throughout Indonesia until 2019. (okezone.com)
*Gold futures prices rose 0.2% to US $ 1,212.46 per troy ounce. Gold has climbed 5.7% this month. The market is now worried about what will come out of the new government. In an atmosphere like this is not unexpected, people want to buy gold, says Bob Takai, CEO and president of Sumitomo Corp. Global Research Co.