• Indonesian Minimarkets Continue to Grow at the Expense of Supermarkets

    Turnover of Indonesian minimarkets has grown sharply. In 2014, the value of sales is expected to jump 13.5 percent to IDR 94 trillion (USD $8.3 billion) compared to this year's projection of IDR 82.9 trillion (USD $7.3 billion). Indonesia's large population (over 240 million) and rapidly urbanizing society gives rise to high demand for nearby shops where people can find their daily needs. In recent years, outlets of minimarkets have been mushrooming in Indonesian cities, particularly on Java. Outside the island of Java, there is still ample room for growth.

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  • Company Profile of Timah: Indonesia's Leading Tin Producer and Exporter

    Indonesia Investments added a preliminary company profile of Timah (TINS), an Indonesian manufacturer and exporter of tin. The company, a state-controlled enterprise (SOE), has an integrated tin mining business ranging from exploration, mining, processing to marketing. The company is one of the largest integrated tin mining companies in the world and accounts for eight percent of total global tin production. Recently, the company has been eager to expand to Myanmar in order to increase production volumes.

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  • Indonesia's Telecommunications Sector: Bakrie Telecom's Downslide

    Bakrie Telecom is one of the dozen Indonesian telecommunications operators that provide fixed digital radio cellular telecommunication network and services. The company currently has around 12 million cellular subscribers (mostly prepaid). However, both its operational and financial results are showing a worrying development. In April 2013, Fitch Ratings said that Bakrie Telecom is likely to default on its debt and needs to restructure its USD $380 million senior unsecured bonds due in May 2015.

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  • Profile of Bakrie Sumatera Plantations: Palm Oil and Rubber Producer

    Indonesia Investments has updated the company profile of Bakrie Sumatera Plantations. The company is an Indonesian integrated agribusiness company that engages in oil palm and rubber plantations. It produces palm oil and its derivatives, and processes natural rubber products as well as oleo-chemicals. The company currently manages oil palm and rubber plantations with a total planted area of 122,024 ha, supported by six palm oil processing plants, four natural rubber processing plants and two oleo-chemicals processing facilities.

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