Indonesian precast concrete structures manufacturer Waskita Beton Precast, a unit of listed state-controlled construction company Waskita Karya, aims to collect up to IDR 5.2 trillion (approx. USD $397 million) through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The company will offer some 10.54 billion new shares, or 40 percent of its enlarged capital, to investors with an indicative price that ranges between IDR 400 - 500 per share (reflecting a price-to-earnings ratio of between 20 - 25 times).

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Sales of low cost green cars (LCGCs) are estimated to boom in Indonesia this year, supported by the launch of the Toyota Calya and Daihatsu Sigra. These multi-purpose vehicles are expected to become popular on the Indonesian market as they are relatively cheap (in the range of IDR 110 - 150 million) and have a maximum passenger capacity of seven people. According to analysts the LCGC will control 20 percent of Indonesia's car sales market before the year-end. Especially, first-time car buyers show a preference for the LCGC.

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Stakeholders in the crude palm oil (CPO) industry of Indonesia are pleased seeing the CPO price rising considerably over the past couple of weeks to around 2,500 ringgit (approx. USD $623) per metric ton this week after palm oil futures - traded in Kuala Lumpur - had in fact entered a bear market in July 2016. Meanwhile, the World Bank expects palm oil prices to average USD $650 per ton in 2016, better than USD $623 per ton in 2015 but still a long shot away from USD $851 per ton in 2013 or the peak at USD $1,248 per ton in February 2011.

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Between 10 and 15 new footwear factories will become operational in Indonesia this year. The majority of these new plants, which require a combined investment value of USD $1.5 billion, involve foreign investors from China, South Korea, and Taiwan. Harijanto, Advisory Council Head of the Indonesian Footwear Association (Aprisindo), said these factories will have a large production capacity at an average of between 10 - 15 million pairs of shoes per year and are all export-oriented. Moreover, the plants will provide employment opportunities to some 100,000 local workers.

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