• Fruit Exports Indonesia Rise in Q1-2018 but Growth Comes from Low Base

    Exports of Indonesian fruit rose 6.13 percent year-on-year (y/y) to 325,236 tons in the first quarter of 2018 amid strengthening global demand for tropical fruit, specifically growing demand for mangosteen, bananas and pineapples. Largest demand for Indonesian fruit stems from China, Japan, Singapore, Australia and the United States (USA).

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  • IPO News Indonesia: Krakatau Bandar Samudera Plans to List in Q4-2018

    Krakatau Bandar Samudera, a subsidiary of Indonesia's largest steel manufacturer Krakatau Steel, got the green light from shareholders to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. Tonno Sapoetra, President Director of Krakatau Bandar Samudera, said the company plans to offer its shares to the public in November 2018.

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  • Infrastructure Update Indonesia: 14 National Strategic Projects Removed

    The Committee for the Acceleration of Priority Infrastructure Delivery (in Indonesian: Komisi Penyediaan Percepatan Infrastruktur Prioritas, or KPPIP), said 14 projects have been removed from the national strategic projects list. KPPIP Program Director Rainier Haryanto said an evaluation showed that these 14 projects failed to meet specific criteria and can therefore not be started - or reach financial close - before the fourth quarter of 2019.

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  • Several Indonesian Big Caps Feel Impact of Moody's Ratings Upgrade

    The recent decision of Moody's Investors Service to upgrade Indonesia's sovereign credit rating to Baa2 (stable outlook) brought a wave of fresh air to Indonesia's capital markets at a time when concerns over a global trade war rattled global markets. Moody's cited credible and effective fiscal and monetary policies as key reasons for the rating upgrade.

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