• IPO of Cikarang Listrindo on the Indonesia Stock Exchange

    Indonesian independent power producer Cikarang Listrindo raised IDR 2.4 trillion (approx. USD $180.5 million) from an initial public offering (IPO) on the Indonesia Stock Exchange on Tuesday (14/06). The company is the first independent power producer to go public in Indonesia and the 5th firm to be added on the Indonesia Stock Exchange in 2016. Cikarang Listrindo floated 9.7 percent of its enlarged share capital on the bourse. On its trading debut its shares rose 2.6 percent from IDR 1,500 to IDR 1,540 a piece.

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  • Indonesia Declares Patimban Seaport a National Strategic Project

    The central government of Indonesia has officially declared the Patimban Seaport project in Subang (West Java) a national strategic project through Presidential Decree No. 47/2016, signed by Indonesian President Joko Widodo. This declaration implies that the project is regarded a priority project that benefits the economy and society as a whole. The priority status further means that all ministers, government agencies and governors need to support the development of the project.

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  • Politics Indonesia: Joko Widodo to Decide for another Cabinet Reshuffle?

    There has been rising speculation in Indonesia in recent months that Indonesian President Joko Widodo will decide for another cabinet reshuffle as several ministers are held responsible for the disappointing performance of their ministries (that have reacted too slow to implement new government guidelines, for example those guidelines set in the series of economic policy packages that have been released since September 2015). On 12 August 2015, Widodo had already reshuffled his cabinet, replacing six ministers.

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  • Indonesia's Cement Producers Increasingly Exporting Their Output

    Cement exports from Indonesia have surged sharply in the first five months of 2016. Rising cement export is a good strategy to tackle the domestic oversupply of cement in Indonesia. Due to the influx of new cement producers as well as the expansion programs of existing cement producers in Southeast Asia's largest economy, the nation's cement production capacity has nearly reached 100 million tons per year, while domestic demand may only reach 65 million tons in 2016.

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