• Mitra Adiperkasa to Close Its Lotus Department Stores in Indonesia

    Starting from the end of October 2017, Indonesian retail company Mitra Adiperkasa will close all of its Lotus Department Store outlets as the department store chain fails to contribute positively to the corporate earnings of the listed company. Mitra Adiperkasa is currently restructuring its department store business segment in an effort to reduce the company's operational costs.

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  • Bond Market Indonesia: Weak Demand for ORI014 Retail Bonds

    The latest series of (conventional) Indonesian Retail Bonds (in Indonesian: Obligasi Ritel Indonesia, or ORI) was poorly absorbed by Indonesian retail investors. According to the latest available data, only IDR 8.95 trillion (approx. USD $663 million) was invested in the ORI014 series that was on sale between 29 September and 19 October 2017.

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  • Improving Economy of China Positive for Indonesian Exports

    The economy of China grew 6.8 percent year-on-year (y/y) in the third quarter of 2017. An improving Chinese economy is important for the Indonesian economy as China is the biggest trading partner of Indonesia. Slightly over 10 percent of total Indonesian exports are shipped to China, the world's second-largest economy.

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