• Ford Motor Company to Close Operations in Indonesia & Japan

    American car manufacturer Ford Motor Company decided to close all of its operations in Indonesia and Japan in 2016 due to the lack of prospects for profit in both countries. Ford spokeswoman Karen Hampton said this decision will result in the layoffs of 35 Ford staff-members in Indonesia and 292 employees in Japan. Business operations in Indonesia - which include the import of Ford and Lincoln vehicles, sales and dealerships offices - will be shut down later this year. Ford's production base in Japan will be shifted elsewhere.

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  • Wika Beton to Benefit from Jakarta-Bandung Railway Project

    One of the Indonesian companies - listed on the Indonesia Stock Exchange - that is in a great position to improve its corporate earnings on the back of the construction of the country's first high-speed railway is Wijaya Karya Beton (Wika Beton). The railway between Jakarta and Bandung has a length of 142 kilometers and requires a large amount of precast concrete. Moreover, Wika Beton is a subsidiary of Wijaya Karya. This construction company is among the companies that develop the Jakarta-Bandung railway.

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  • Asian Stocks Up on Higher Oil Price & Monetary Easing Hopes

    The new trading week started positively in Asia. After Wall Street had risen sharply on Friday (22/01) due to higher oil prices (particularly causing surging energy stocks), Asia extended the rally on Monday (25/01). In addition, investors are optimistic that the central bank of Japan will turn to more easing (the institution will conduct its monthly policy meeting later this week), while the European Central Bank had already hinted at further easing in last week's policy meeting.

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  • Bank Indonesia: Spike in Food Commodity Prices, Inflation Rising

    Indonesia's inflation is expected to accelerate in January 2016 according to the country's central bank (Bank Indonesia). Bank Indonesia detected a spike in prices of several food commodities - such as shallots, chili, and beef - at the start of the year. Bank Indonesia Governor Agus Martowardojo told reporters that he expects the country's inflation rate to rise by around 0.75 percent month-on-month (m/m) in January. This would imply that inflation will accelerate to 4.38 percent on an annual basis (from 3.35 percent y/y in December 2015).

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