• No Stock Split for Nippon Indosari; Bonds Issuance Depends on EGM

    Nippon Indosari Corpindo, Indonesia’s largest producer of bread products, will not pursue a stock split to improve its stocks' liquidity on the Indonesia Stock Exchange (IHSG). According to analysts, the company's stocks are fairly active and thus will not need such a measure. Nippon Indosari's stocks have fallen by around 11 percent this year. This performance is in stark contrast with 2012 when it gained 112.3 percent during the year.

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  • Bank Mandiri Posts 26.6 Percent Growth in Net Profit to IDR 15.5 Trillion

    Bank Mandiri, Indonesia’s largest bank by assets, reported net profit of IDR 15.5 trillion (US $1.6 billion) over 2012, implying a 26.6 percent increase compared to 2011. Profit growth was fuelled by increase in net interest income, which increased to USD 27.5 trillion (US $2.85 billion), up from IDR 23.6 trillion in the previous year, and a growth in fee-based income of 2.4 percent. Total outstanding loans at the bank rose 23.7 percent to IDR 388.8 trillion (US $40.3 billion).

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  • Holcim Indonesia Reports 27 Percent Increase in Net Profit

    Holcim Indonesia, Indonesia's third-largest cement producer, reported net profit of IDR 1.35 trillion (US $140.0 million) in 2012, a 27.0 percent increase compared to the previous year. Earnings per share increased to IDR 176. At the coming shareholders meeting (2 April 2013), the Board of Directors will propose a final dividend of IDR 48 per share. This brings total dividend in 2012 to IDR 80, as an interim dividend of IDR 32 per share was paid in September.

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  • New Government Rule Limits Outlets of Franchise Holders in Indonesia to 250

    The Indonesian government has set new rules to limit the amount of outlets that a franchise holder can own in Indonesia to 250 in total. The government implements this rule to protect the country's small and medium enterprises. This new policy has far-reaching consequences for large fast-food companies such as Pizza Hut, KFC and Dunkin’ Brands Group Inc. They will have five years to adjust their businesses to the new policy.

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