The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
Indonesian retail company Ace Hardware Indonesia reported a 33 percent month-on-month (m/m) increase in sales to IDR 647 billion (approx. USD $48.3 million) in December 2017. On an annual basis, the company's sales rose 18 percent (y/y) in the last month of 2017.
Indonesia's government debt reached IDR 3,938.7 trillion (approx. USD $294 billion) at the end of 2017, up IDR 423.3 trillion from its position of IDR 3,515.4 trillion at the end of 2016. Despite rising, Indonesia's public debt is still safe at 29.2 percent of gross domestic product (GDP).
Indonesia-based electronics retail store Electronic City Indonesia announced that it has used more than half of the funds that were collected through the company's initial public offering (IPO) on the Indonesia Stock Exchange in 2013.
In line with the progress in the light rail transit (LRT) project, Indonesian construction company Adhi Karya has used the majority of funds that were assembled through the company's rights issue. Based on a report released by the state-controlled company, it has already used IDR 2.4 trillion (approx. USD $179 million) - or about 88 percent of rights issue proceeds. The rights issue took place on 22 September 2015.
