The Indonesian Cement Association (ASI) said cement sales in Indonesia grew by 7.6 percent year-on-year (y/y) to 66.4 million tons in full-year 2017. Widodo Santoso, Chairman of ASI, said cement sales rose in all regions across the country with the exception of Kalimantan and Sulawesi. As usual, the biggest cement consumer in 2017 was Java. This island accounted for 57 percent of total cement consumption in Indonesia in 2017, followed by Sumatra with 21 percent.

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Indonesia-based aircraft maintenance, repair and overhaul (MRO) company Garuda Maintenance Facility AeroAsia (GMF AeroAsia) plans to complete a private placement in the second quarter of 2018. At the extraordinary general meeting - scheduled for 6 March 2018 - the topic of private placement will be high on the agenda. GMF AeroAsia is expected to sell a stake between 10 and 20 percent to a strategic investor.

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On 22 January 2018, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy and market-related topics such as Bank Indonesia's monetary policy, the trade balance, debt-to-GDP ratio, IPOs, the aviation industry, car sales, and much more.

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Tridomain Performance Materials, a company with its roots in Singapore, is planning to release 40 percent of its total share capital through an initial public offering (IPO) on the Indonesia Stock Exchange. Sinarmas Sekuritas has been appointed as underwriter.

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