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Vale Indonesia, Indonesia's largest nickel producer, is one of those mining companies that has been plagued by low commodity prices. Various securities companies have cut their recommendation for the purchase of Vale Indonesia's shares due to persistently low nickel prices. Net profit of Vale Indonesia is expected to decline by 50 percent (y/y) to USD $26 million in 2016 as the company's average nickel sales price is expected to fall 29.5 percent (y/y) to USD $6,848 per ton this year.
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Indosat Ooredoo, Indonesia's second-largest telecommunication networks and services providers, is expected to post net profit in 2016 after three straight years of net losses. Supported by its new 4G/LTE network - now available in 27 Indonesian cities (and 16 more cities are targeted to be added to this network in 2016) - the company's performance should improve. Moreover, lower US dollar-denominated debt will also contribute positively to Indosat Ooredoo's corporate earnings. At end-2015 the company had 69.7 million mobile phone subscribers.
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When expatriates resign from one company in Indonesia and start working for another company or move back to his/her home country, the immigration licenses need to be revoked. This revocation is performed by way of an exit process which results in the issuance of an Exit Permit Only (EPO). Once the expatriate obtains the EPO, he must leave Indonesia. And once left Indonesia all records of the expatriate are cleared / revoked. In this column we discuss the EPO procedure in specific for commissioners in the banking sector.
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Indonesia's crude palm oil (CPO) exports rose 9 percent month-on-month (m/m) to 2.29 million tons in February 2016 on the back of growing CPO demand in Africa, Bangladesh, India and the European Union. Indonesia's February CPO export volume was better than estimated previously. Analysts had expected a figure below 2 million tons. Combined, Indonesia's palm oil exports reached 4.39 million tons in the first two months of 2016, up 22 percent (y/y) from the 3.59 million tons of CPO that Indonesia exported in the same period one year earlier.
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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.
