Market Headlines
Metrodata focus in homeland (Kontan)
Close subsidiary in Singapore, PT Metrodata Electronics Tbk focus on SAP consulting business in the home country.
Oil prices have not recovered, Apexindo has deserted contract (Kontan)
Mining services company, PT Apexindo Pratama Duta Tbk, still pessimistic about their business performance this year. The management of this company sees the world oil price is still low; making business outlook is not bright yet.
Seven banks will finance KRAS amount of IDR5.15tr (Investor Daily)
Seven banks commit to give a loan to PT Krakatau Steel Tbk (KRAS) amount of IDR5.15tr. This money will be used for building blast furnace plant. The blast furnace plant will be operated 1Q17.
Soechi lines will boost its shipyard business (Investor Daily)
PT Soechi Lines Tbk (SOCI) will strengthening its shipyard business. This action is in-line with higher demand for this segment after the government issue an incentive for this sector.
JRPT set an IDR2.4tr marketing sales (Investor Daily)
PT Jaya Real Property Tbk (JRPT) set an IDR2.4tr marketing sales for this year, or increase 10% YoY compare to previous year. Up to May, the company has booked IDR780bn of marketing sales.
BRMS continue its debt restructuring (Investor Daily)
PT Bumi Resources Mineral Tbk (BRMS) has already completed debt payment negotiation amount of USD450mn. The options of this negotiation are extending its debt schedule or debt to equity swap.
Government will accelerate the construction of the Trans Java toll (Media Indonesia)
Government will accelerate the construction of the Trans Java toll so severe congestion at the Eastern Brebes exit toll will not repeat.
SCTV all time audience share increased to 15.2% while RCTI audience share declined slightly to 19.4% (AC Nielsen)
Nielsen has reported that SCTV all time audience share increased to 15.2 while RCTI audience share declined slightly to 19.4. Improved in SCTV audience share was supported by the increased of SCTV audience share to 13.8% (previously 11.4%) and non prime time to 15.8% (previously 13.6%)
Reversing trend of mining investments climate (Bisnis Indonesia)
The acquisition of 82.2% stake of Newmont Nusa Tenggara (NNT) by MEDC-led consortium gives fresher mining investment climate.
Import policy: data gathering will be improved (Bisnis Indonesia)
Data gathering on agricultural products will be improved so as to make import decision effective.
(Jakarta Globe)
Civil advocate groups to challenge tax amnesty program in a judicial review
Tax amnesty bill passage is credit positive: Moody’s
Global economy “Grim” and G20 must step up to fix it: China
Top banks assets keep expanding in May
Brexit mess boosts prospects of Asia central bank easings
Bank Indonesia to issue more certificates in foreign currency for tax amnesty funds
(Jakarta Post)
Lebaran cash flows to regions
Banking, capital market products ready to welcome inflow of funds
RI’s first high-speed railway may be costlier on design change
RI to explore Asia’s largest gas reserve
RI urged to support int’l tribunal ruling
No one in charge of traffic control during exodus
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