Indonesia-based helicopter charter services company Jaya Trishindo made its trading debut on Tuesday (27/03), hence becoming the third company to have concluded its initial public offering (IPO) on the Indonesia Stock Exchange in 2018 (there are now a total of 568 listed companies in Indonesia). It is interesting to note that Jaya Trishindo is the first company that falls within the small and medium enterprises category to list on the Indonesia Stock Exchange.

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Also in 2017 Indonesia remained the biggest car sales market as well as the second-biggest car producer in the ASEAN region. Total car sales in ASEAN grew 5 percent year-on-year (y/y) to 3.3 million in 2017. Indonesia contributed almost one-third to the total. However, Thailand remains the dominant car manufacturer in the region, producing nearly 2 million vehicles in 2017.

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In local media in Indonesia it is reported that the Indonesian government, in this case the Trade Ministry of Indonesia, claims that Norway is on the brink of provoking a trade war against Indonesia. Indonesian Trade Minister Enggartiasto Lukita threatens Norway with retaliation if the Norwegian government goes ahead with parliament's vote to ban the public procurement and use of palm oil-based biofuel.

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Indonesia-based electronic transaction services provider Artajasa Pembayaran Elektronis, which is indirectly owned by Indosat Ooredoo, decided to cancel its initial public offering (IPO) on the Indonesia Stock Exchange because the company may have found an alternative for fresh funds to finance the company's purchase of information technology equipment and to strengthen its working capital.

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