Indonesia Investments updated the company profile of Indonesia’s largest taxi operator. Blue Bird - the dominating market leader in Indonesia’s taxi services market - recently conducted an IPO on the Indonesia Stock Exchange, raising IDR 2.4 trillion (USD $200 million) by selling around 14 percent of its enlarged share capital. With an expanding population, a rapidly growing middle class, a low taxi penetration ratio, an urbanizing society, and lack of decent public transportation, demand for taxi services has been growing in Indonesia.

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Indonesian consumers are concerned about the looming subsidized fuel price hike this month according to the latest survey of Nielsen, a global information and measurement company. Based on the Nielsen Global Survey of Consumer Confidence and Spending Intentions (covering the third quarter of 2014), 28% of respondents said that higher prices of subsidized fuels are among their top two main concerns. In the previous survey (which covered Q2-2014), the subsidized fuel price hike was not even mentioned among the top five concerns.

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The ceramic industry in Indonesia is expected to grow about ten percent in 2015 amid the country’s +5 percentage point GDP growth. Economic expansion translates to increased purchasing power of Indonesian consumers and the ceramic industry is one of the industries that will benefit from this. Moreover, as Indonesian President Joko Widodo targets +7 percent GDP by the end of his term, new infrastructure and property projects are to rise as well. As such, domestic ceramic demand will increase accordingly.

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The government of Indonesia will soon decide on the future of the Mahakam oil and gas block in East Kalimantan. The existing contracts to operate the block will expire in 2017 and therefore the government needs to make a decision about the future operator(s). The current operators of the Mahakam block are Total E&P Indonesia (subsidiary of France-based oil and gas giant Total S.A.) and Japanese oil company Inpex Corporation. Both companies have a 50 percent stake in the Mahakam block.

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