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Steel pipe and tube manufacturer Steel Pipe Industry of Indonesia (Spindo), which has the largest steel pipe production capacity among manufacturers in Indonesia, is expected to show solid corporate earnings in the period ahead as the company bought raw materials for its production process when the hot-rolled coil (HRC) price was near its lowest at USD $265 per ton. Investa Saran Mandiri expects that Spindo's earnings will improve markedly starting from the second quarter of 2016 as the HRC price has risen to USD $485 per ton in May 2016.
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State-controlled construction company Adhi Karya's corporate earnings should rise in the years ahead on the back of the light rail transit (LRT) project that is expected to provide IDR 33 trillion (approx. USD $2.5 billion) worth of contracts for the construction company. Adhi Karya was appointed to construct the Greater Jakarta part of the LRT that will connect Jakarta with the satellite cities around the capital city. According to Trimegah Securities, this project will bring plenty of long-term profit for Adhi Karya.
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Indonesian real estate developer Bumi Serpong Damai, part of the Sinar Mas Group, has ample room for expansion. According to its latest quarterly financial report, the company owns 3,954.88 hectares of land that has not been developed yet, 70 percent of which is located near BSD City, an ambitious urban planning scheme that combines housing, business and commercial properties not far from Indonesia's capital city of Jakarta. The company also has land banks in Jakarta, Bogor, Surabaya, Palembang, Balikpapan and Samarinda.
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According to the Indonesia Investment Coordinating Board (BKPM), the government agency that provides investment services and forms the primary interface between the Indonesian government and businesses, it has assisted 59 companies through the three-hour licensing service that was started on 11 January 2016. Originally, this service was only available to big investors who either invest at least IDR 100 billion (approx. USD $7.5 million) or generate 1,000 new job positions for Indonesian workers. However, a Presidential Instruction also opened this special service to investment in four infrastructure-related sectors.
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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.
