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Exports of shoes (footwear) from Indonesia could reach USD $8 billion per year in the foreseeable future, from USD $4.5 billion currently. Eddy Widjanarko, Chairman of the Indonesian Footwear Association (Aprisindo), said local footwear factories in Indonesia are currently only operating at a utilization rate of between 50 and 60 percent, implying a significant portion of local production capacity in the shoe industry remains unused. Widjanarko is convinced earnings from Indonesia's shoe exports can double by raising production while still relying on the nation's traditional shoe markets: Europe and the USA.
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Japfa Comfeed Indonesia, one of the largest and most integrated agri-food companies in Indonesia, is expected to see rising profit in 2016 and 2017 supported by stable prices of raw materials and rising poultry demand. Its corporate earnings in the first nine months of 2016 were impressive. Together, it led to an upgrade in the outlook for the company's future earnings. Meanwhile, S&P Global Ratings also recently raised its long-term corporate credit rating for Japfa Comfeed Indonesia from B to B+.
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On 23 November 2016 Dutch Prime Minister Mark Rutte will become the first Dutch prime minister to address Indonesian parliament. It is rare for foreign political leaders to speak to Indonesian parliament. Rutte's speech is part of a four-day Dutch trade mission program to Indonesia. Mark Rutte is accompanied by Foreign Trade and Development Cooperation Minister Lilianne Ploumen, Infrastructure and the Environment Minister Melanie Schultz van Haegen and Environment Minister Sharon Dijksma. In recent years the Netherlands and Indonesia have both been eager to enhance bilateral relations.
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Alam Sutera Realty, an Indonesia-based real estate development company, is plagued by overall declining growth in Indonesia's property sector. In the first half of 2016 Alam Sutera recorded IDR 966.5 billion (approx. USD $74 million) in pre-sales, only 19.3 percent of the company's full-year target. What are the strategies of this company to combat the slowdown?
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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer.
