• Stock Exchange: Tugu Pratama Indonesia to IPO in H1-2018

    Tugu Pratama Indonesia, an Indonesia-based general insurance company, announced it will not conduct its initial public offering (IPO) on the Indonesia Stock Exchange in 2017 as initially targeted. Instead, it now targets to become a publicly listed company in the first half of 2018. Corporate Secretary Syaiful Azhar said there were several internal and external obstacles that blocked the IPO.

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  • Indonesia Investments' Newsletter of 24 September 2017 Released

    On 24 September 2017, 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 matters such as the latest interest rate cut, nasi goreng bonds, Indonesian companies, healthcare, infrastructure, and more.

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  • Top Market Capitalization: What is the Biggest Company in Indonesia?

    After its shares surged 4.33 percent to IDR 19,875 a piece on Friday (22/09), Bank Central Asia (BCA) is now the biggest company listed on the Indonesia Stock Exchange (in terms of market capitalization). On the last trading day of the week the finance sector outperformed all other sectors on the Indonesian exchange. The market seemingly anticipated Bank Indonesia's latest interest rate cut.

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  • Car Sales Astra International Rose 9% in January-August 2017

    Astra International, one of Indonesia's largest diversified conglomerates, sold 398,995 cars in the first eight months of the year, up 9 percent year-on-year (y/y) from the company's car sales in the January-August 2016 period. The Astra Group, the biggest force in Indonesia's automotive sector, now controls 56 percent of the nation's car sales market.

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