• Indocement Opens New Cement Terminal & Aims for Low-End Market

    Indocement Tunggal Prakarsa, the second-largest cement manufacturer in Indonesia, has high hopes for its second brand in the low-end cement market of Indonesia. Considering the challenging environment for the nation's cement companies - most notable the fierce competition and significant supply glut - Indocement is using another strategy in order to gain its market share.

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  • Panca Mitra Multiperdana Prepares IPO on Indonesia Stock Exchange

    Indonesia-based shrimp producer and exporter Panca Mitra Multiperdana plans to conduct its initial public offering (IPO) on the Indonesia Stock Exchange in the second or (early) third quarter of 2018. Martinus Soesilo, President Director of Panca Mitra Multiperdana, said the company will offer a maximum stake of 30 percent to the public. Soesilo added that there is one strategic investor that is eager to invest in the company.

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  • Economic Growth Indonesia Expected to Slow in First Quarter of 2018

    Despite (modestly) accelerating economic growth since 2016, concerns about Indonesia's gross domestic product (GDP) expansion persist. Indonesian Coordinating Minister for Economic Affairs Darmin Nasution said he expects Indonesia's economic growth to slow in the first quarter of 2018 (compared to Q1-2017) as the peak of the nation's big harvest is expected to occur in the second quarter this year (while last year it fell in the March/April period). Meanwhile, credit growth has remained bleak in Indonesia.

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  • Exports of Indonesian Motorcycles Remain Strong in February 2018

    Also in the second month of 2018 exports of Indonesian motorcycles were strong. Based on data from the Indonesian Motorcycle Industry Association (AISI), the country's motorcycle exports surged 37.2 percent year-on-year (y/y) to 76,700 units in the first two months of 2018 combined. It could mean that 2018 will become another great year for motorcycle exporters. Last year, exports of two-wheelers from Indonesia surged 52 percent (y/y), outpacing stakeholders' forecasts of 30-40 percent (y/y).

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