Indonesia-based chemical manufacturing company Tridomain Performance Materials made its trading debut on the Indonesia Stock Exchange on Monday (09/04), hence becoming the seventh company to have completed its initial public offering (IPO) in Indonesia in 2018. The company offered 1.8 billion new shares to the public, equivalent to 17.19 percent of the company's total share equity. At the end of the trading day its shares had surged 50.0 percent.

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Indonesia-based telecommunication support services company Gihon Telekomunikasi Indonesia made its trading debut on the Indonesia Stock Exchange on Monday (09/04), becoming the sixth company to be added on the local bourse so far in 2018. The company offered 152.3 million new shares to the public through the corporate move. After its first trading day, Gihon Telekomunikasi Indonesia's shares had surged 50.0 percent to IDR 1,755 a piece.

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The Indonesian government has already blocked 100.9 million prepaid SIM cards in the 1-31 March 2018 period as mobile phone users failed to re-register their prepaid phone numbers with a valid national identification card (KTP) and family card (KK). Meanwhile, 305 million SIM cards were re-registered during the period (considering many Indonesians use more than one SIM card the figure is higher than the total number of Indonesians).

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On 8 April 2018 Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the past seven days. Most of the topics involve economy and market-related topics such as inflation, manufacturing activity, the Balikpapan oil spill, the CEO confidence index, IPOs, and more.

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