• Batavia Prosperindo Internasional’s IPO on the Indonesia Stock Exchange

    Batavia Prosperindo Internasional, an Indonesian business and management consultancy services firm, set its share price in the range of IDR 450 to IDR 500 (roughly USD $0.04) for its initial public offering (IPO) on the Indonesia Stock Exchange (this price range is in line with the company’s price to earnings ratio at between 8.2 to 9.2 times). Through this corporate action the company will release 29.18 percent of its enlarged capital. General Director Rudi Setiadi said that the company intends to offer 150 million shares to the public.

    Lanjut baca ›

  • Indonesia Investment Coordinating Board Optimistic on Investment in 2014

    The Indonesia Investment Coordinating Board (BKPM) is optimistic that investments (both foreign and domestic direct investments) in Indonesia can reach IDR 450 trillion (USD $38.1 billion) in 2014. This would be a 15 percentage point increase from investment realization in 2013. Head of BKPM Mahendra Siregar said that there is no evidence yet which indicates that investors are hesitant to invest due to the presidential election (scheduled for 9 July 2014). In the first quarter of 2014, investment realization in Indonesia had set a new record.

    Lanjut baca ›

  • Phapros to Conduct Initial Public Offering on Indonesia Stock Exchange

    Phapros, subsidiary of state-owned Rajawali Nusantara Indonesia, intends to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2015 by offering 10 to 20 percent of its enlarged capital to the public. Through this corporate action, Phapros, a pharmaceutical products manufacturer, aims to raise IDR 500 billion (USD $42.3 million) which will be used to finance the company's capital expenditure in the next two years. The company expects to grow on the implementation of Indonesia’s social security program per 1 January 2014.

    Lanjut baca ›

  • Foreign Investors Sell Indonesian Assets if Prabowo Subianto is Elected

    A survey of the Deutsche Bank, one of the world's leading financial service providers, showed that the foreign business community will not be content if Prabowo Subianto takes over the presidential seat from incumbent president Susilo Bambang Yudhoyono. According to this survey, 56 percent of respondents are planning to sell Indonesian assets if the electorate chooses Subianto as next president in the election that is scheduled for 9 July 2014. About 13 percent answered to buy Indonesian assets in the same scenario.

    Lanjut baca ›