What's new

Indonesia Economy Forum

katadata.jpg


[Ekonografik] INDONESIA, SURGA PERIKANAN DUNIA

Sebagai negara yang memiliki luas wilayah perairan mencapai 5,8 juta km² dan garis pantai sepanjang 91 ribu km, Indonesia dikenal sebagai salah satu negara yang menjadi surga perikanan dunia. Bahkan, Indonesia menjadi pemasok utama produk-produk perikanan, seperti tuna, rumput laut, udang dan kepiting.

Sayangnya pemerintah masih belum mengutamakan SDA yang ada di laut, masih fokus yg ada di darat
 
Emerging Market ETFs Snap 6-Week Losing Streak; Indonesia Leads
Last week, stock funds collected $96.2 million and bond funds added $145.8 million. The MSCI Emerging Markets Index advanced 4.2 percent in the week. The biggest change was in Indonesia, where funds collected $51.2 million, compared with $38.7 million of inflows the previous week. Investors contributed $44.2 million to stock funds and $7 million to bonds. Emerging Market ETFs Snap 6-Week Losing Streak; Indonesia Leads - Bloomberg Business

Snap 2016-02-22 at 21.41.24.jpg
 
Indonesia to expand seafood market to England
Selasa, 23 Februari 2016 00:12 WIB | 486 Views

Jakarta (ANTARA News) - Indonesian government, through the Coordinating Ministry for Maritime Affairs and Resources, will work to expand the seafood market to England and North Ireland as part of an MoU for maritime cooperation signed by the two countries in July 2015.
"The UK is the biggest seafood market for Indonesia, and the European Union accounts for 60 percent of our total seafood market," Deputy Minister for Maritime Sovereignty Arif Havas Oegroseno said on the sidelines of the "Bilateral Maritime Workshop" here on Monday.
With a large market, Great Britain is considered as setting the standards in the seafood market in the world.
"Through our collaboration with the British, we could manage our shrimps, fishes, or other seafood species to meet the world standards as well as increase the production," Havas stated.
In addition, he said, cooperation on marine fisheries between the two countries was also considered as an opportunity to introduce Indonesian seafood products which were free of any illegal practices, including slavery.
Indonesia and the UK have initiated maritime cooperation through the Bilateral Maritime Forum, a meeting of which would be held in London next April.
The UK was one of the maritime countries, known for its experience and high end technology in the field.
Therefore, the workshop held in Jakarta was expected to focus on some maritime issues which would be later discussed in the forum in London.
Besides expanding the seafood market, the Indonesia-UK cooperation would also involve education, maritime investment in the shipbuilding field and exchange of information on international maritime law.(*)
Indonesia to expand seafood market to England - ANTARA News




-----------------------------
US Company Interested in Building Software Monitoring Center
Zoom Out Zoom In Normal
TEMPO.CO, Jakarta - Investment Coordinating Board (BKPM) head Franky Sibarani said that a US-based company had expressed interest to build a software Monitoring center in Indonesia.

Franky added that the software monitoring center would serve a function to digitalize a 10 gigawatt power plant. Franky explained that the digital power plant would be one of the largest digital centers outside the United States.

The project was a strategic one and in line with President Joko “Jokowi” Widodo’s ambition to make Indonesia as the center of digital economy in South East Asia by 2020. The ambition could be realized by optimizing Indonesian assets, namely the growing middle class population, the growth of e-commerce businesses and startups.

Franky revealed that the company interested in building the digital center has an Indonesian entity.

“The communication made with the US company will be followed up by its representative in Indonesia,” Franky said in a press release in Jakarta on Saturday, February 20, 2016.

The power plant digitalization would make the power plant to serve as a battery saving trillions of rupiah. Information gained from the company’s official website revealed that the company had worked on a digital wind farm and reached cost saving of US$100 million.

During a meeting with the BKPM head, the US company pointed out several developments in Indonesia, including cooperation with the state railway company and the state electricity company. The investor also mentioned about cooperation with a national airline.



BISNIS.COM
 
Emerging Market ETFs Snap 6-Week Losing Streak; Indonesia Leads
Last week, stock funds collected $96.2 million and bond funds added $145.8 million. The MSCI Emerging Markets Index advanced 4.2 percent in the week. The biggest change was in Indonesia, where funds collected $51.2 million, compared with $38.7 million of inflows the previous week. Investors contributed $44.2 million to stock funds and $7 million to bonds. Emerging Market ETFs Snap 6-Week Losing Streak; Indonesia Leads - Bloomberg Business

View attachment 294958

Feb. 22, 2016 1:32 a.m. ET
Indonesia: A Bubble Deflating?

Indonesia is all of a sudden foreign investors’ darling again this year.

While foreigners are fleeing other Asian markets, Indonesia is bucking the general trend. For the last three weeks, foreign investors were net buyers, totaling $449 million. Bank Indonesia last week cut its benchmark interest rates for the second time this year.

As a result, Indonesia has become very expensive. On a price-to-book versus return-on-equity basis, Indonesia’s valuation premium has risen to 66% versus its Asian counterparts, data provided by Credit Suisse shows. While history is not always a good guide, in the six previous examples when a market’s valuation premium reached above 60%, the average under-performance was 13%, 18% and 26% in the 3, 6, and 12 months after. In June 2013 when Indonesia was this expensive, Indonesian stocks under-performed Asian markets by 27.6% and 33.4% in 3 and 6 months.

As such, “while there is always a risk that overvalued markets stay overvalued (like the Philippines) given global recession/ China systemic risk concerns, we reiterate our Underweight call on Indonesia given history and as implied ROE is 24% (current ROE just 16.1%) and Indonesia is still seeing EPS downgrades,” wrote strategist Sakthi Siva. Indonesia’s publicly listed companies saw their 2016 earnings consensus cut by 20% in the last year.

The rupiah gained 0.46% today to 13,446 per dollar, as Asian currencies go broadly higher. The Jakarta Index is little changed today. Year-to-date, the iShares MSCI Indonesia ETF (EIDO) gained 6%.

Indonesia: A Bubble Deflating? - Asia Stocks to Watch - Barrons.com
 
Indonesia`s Economy to Enter Golden Era in 2020: Observer
TUESDAY, 23 FEBRUARY, 2016 | 11:50 WIB

463209_620.jpg

TEMPO.CO, Jakarta-E-commerce observer from Bandung Technology Institute (ITB), Kun Arief Cahyantoro said that between 2010-2030 Indonesia would enter a golden era in its economic growth because of Indonesia's demographic bonus.

“The demographic bonus is when the share of working-age population is larger than the share of non-working age population. The working-age population is a group of people categorized as strong customers and is large in number,” Kun Arief said in Locanda Cafe, Monday, February 22, 2016.

Indonesia’s economic growth would be supported by demographic condition; the rise in number of working-age popluation. Young Indonesian citizens in the time span would enter strong customer phase.


Kun Arief explained that there are only five countries in the world which has experienced the phenomenon. The latest one is China whose economy were growing rapidly. “Indonesia’s [economy] would significantly improve in 2020.”

However, the increase of shopping desire could still be hampered by a few problems, especially during online shopping. Consumers are often open online shops to only check prices then shop at other places.

And then the fear of fraud; many still need to physically touch the merchandise or try it before purchasing it. The final problem is the lack of online payment facility in e-commerce. “I hope that all challenges in e-commerce could be addressed before we reach the golden era,” Kun said.

E-commerce must be one of the main supporting factors of economic growth since working-age may become investment of growth and investment booster. If we fail to prepare the strategy, economic potential would be hard to be maximized. E-commerce must be able to entice consumers to be real buyers.


Indonesia`s Economy to Enter Golden Era in 2020: Observer | Economy & Business | Tempo.Co :: Indonesian News Portal
 
Welcome to the next sweet spot: Indonesia

Indonesia could be as sweet as Vietnam for many investors in the near future if all the stimulus packages aimed at providing a better investment climate are smoothly implemented. Korean Chamber of Commerce and Industry in Indonesia (Kocham) chairman CK Song said on Tuesday that Indonesia was already on the right track for becoming as competitive as Vietnam in attracting foreign investment, but that it would take time for Southeast Asia’s largest economy to fix numerous problems.

8ce72dad-7ee9-450d-b732-a08973e0c27b


“I have a very strong positive feeling about future Indonesia. Even now it’s quite difficult, but I think they’ll get over the situation very quickly,” he said on the sidelines of Kocham’s 2016 business dialogue.

Foreign direct investment (FDI) flowing into the country of 90 million people hit a record high of US$14.5 billion last year. Indonesia recorded a higher FDI of Rp 365.9 trillion ($27.3 billion), but it was ranked 109th in the index due to an unfavorable investment climate.

Recognizing the weakness, President Joko “Jokowi” Widodo has launched 10 economic stimulus packages over the last six months to boost investment and the business climate in the Southeast Asia’s economic giant.

Song emphasized that communications and synergy among ministries would be the key to implementing all the stimulus packages.

Both the Indonesian Chamber of Commerce and Industry (Kadin) and the Indonesian Employers Association (Apindo) have lauded all the packages and expressed an expectation that they will be well-implemented and create jobs for many.

The stimulus packages address many different things, ranging from licensing procedures to the “negative investment list” (DNI), which covers sectors in which restrictions on foreign investment apply.

“The purpose of deregulation is not liberalization but modernization. We need to analyze how developed countries achieve their success [...],” said Trade Minister Thomas Lembong in his opening speech at the event.

He said in front of dozens Korean business players attending the event that Indonesia was among the countries with the least number of trade agreements, and it aimed to increase its number to gain greater market access.

Having joined the ASEAN Community, Indonesia is now in the process of resuming talks on the Indonesia-European Union (EU) comprehensive economic partnership agreement (CEPA) and is reviewing benefits and drawbacks of joining the US-led Trans Pacific Partnership.

The TPP is expected to expand the country’s market access to the 12 Pacific Rim countries also in the partnership.

South Korean Ambassador to Indonesia, Choi Tai Young, said that many Korean businesses were now also looking at whether Indonesia would eventually join the TPP.

Korean FDI to Indonesia increased by 8 percent year-on-year to $1.2 billion last year, while its investment through other countries or through joint-ventures with other countries surged by 26 percent to $1.6 billion, according to data from the Investment Coordinating Board (BKPM).

Welcome to the next sweet spot: Indonesia | The Jakarta Post
 
Gaikindo-1024x680.jpg

Jakarta. The Indonesia Automotive Industry Association, the country's automotive business lobby, announced on Tuesday (23/02) its new board for the next four years, which will have the task to boost car exports this year to make up for declining domestic sales.

Yohannes Nangoi, Isuzu Astra Motor Indonesia president director, will lead the association, known as Gaikindo, until 2020, replacing Sudirman M Rusdi. He will work with other well-known figures in Indonesia's automotive industry, such as the former president director of Hyundai Indonesia, Jongkie D. Sugiarto, who remains at the board as a deputy chairman.

"The association's role in the future will become more important in providing input for the government during the decision and program-making process to cater to the needs of players in the automotive industry. The industry should be able to grow and improve its contribution to the nation's economy," Industry Minister Saleh Husin said in a statement.

The government expects Gaikindo's new board members to increase car production to 2.5 million units a year by 2020, Saleh said. Last year, the industry produced 1.2 million units, 40 percent below its capacity of two million units a year.

Car sales declined for a second year in a row last year to one million, meaning that producers must boost exports to meet government expectations, Saleh said.

This year Gaikindo targets domestic automotive sales to grow 10 percent to 1.1 million. The association, however, isn't showing much confidence in exports as it only targets to send 200,000 units abroad this year, or about the same as last year.

Last year was indeed a tough period for the automotive industry. Non-Japanese producers like Ford Motor Company had to close its operations in the country and Malaysia's Proton laid off its employees.

"In the future, we will become a friend for all car producers without seeing its brand, group or the country of origin," said Yohannes Nangoi.

Yohannes said Gaikindo will continue to act as a bridge between automotive producers and the government.

The following is the new makeup of the Gaikindo board:

Chief consultant: Soebronto Laras Consultant I: Prijono Sugiarto Consultant II: Sudirman M. Rusdi Supervisor: Bambang Trisulo

Chairman: Yohannes Nangoi Deputy chairman I: Jongkie Sugiarto Deputy chairman II: Erlan Krisnaring Cahyono Deputy chairman III: Rizwan Alamsjah Deputy chairman IV: Bambang Subijanto Deputy chairman V: Teddy Irawan Deputy chairman VI: Ary A. Mariano Treasury: Anton Kemal Taslikumonty

IMG_20160224_114730-1024x809.jpg

Sari Roti Maker Expands to the Philippines
Jakarta. Nippon Indosari Corpindo, the listed manufacturer of Sari Roti bread, has established a joint venture in the Philippines with local food manufacturer Monde Nissin Corporation, the company said in a statement on Tuesday (23/02).

The move is part of the company's strategy to expand its market and tap into 101 million customers in the Southeast Asia country, Sri Mulyana Nippon Indosari's corporate secretary, said in the statement.

The company pledged $6.87 million to the joint venture, taking a 55 percent stake in the enterprise, Sri said. Nissan contributed $5.63 million for the joint venture capital.

The Philippine joint venture will start production in 2017.

Nippon Indosari currently operates 10 bread plants in Indonesia, capable of producing four million loafs of bread a day.

The company's share dropped 3.7 percent to Rp 1,300 on Tuesday at the Indonesia Stock Exchange, in line with the 0.3 decline in the benchmark index.
 
Evolving Indonesia - Jokowi's Mission
When Indonesian President Joko Widodo took power in 2014, he promised a change in politics to boost economic growth, attract more foreign investment and speed up infrastructure projects. Bloomberg's Haslinda Amin travels with Jokowi as he tries to deliver on these promises. (Source: Bloomberg)

Snap 2016-02-25 at 13.24.01.jpg

22 minutes video: Evolving Indonesia - Jokowi's Mission - Bloomberg Business
 
Terminal 3 service must compete with Changi: Minister
Rabu, 24 Februari 2016 19:08 WIB | 731 Views

Jakarta (ANTARA News) - The Minister of State-Owned Enterprises, Rini Soemarno, said the Terminal 3 Ultimate at the Soekarno-Hatta International Airport should compete with the Changi airport, Singapore.

"I am proud to see the progress of construction at Terminal 3. All work is proceeding as per target and the results are good. Thus, my understanding is that Soekarno-Hatta airport will deliver even better service than the Changi Airport of Singapore," Rini said here on Wednesday.

The minister also witnessed the signing of a Memorandum of Understanding (MoU) for the lending facility at Rp2.1 trillion from three state-owned banks, namely, Bank BNI, Bank Mandiri and Bank BRI.

Rini said the earlier Terminal 3 will be connected to the Terminal 3 Ultimate that is equipped with better and modern facilities.

She hoped that the Soekarno-Hatta Airport, particularly the Terminal 3 Ultimate, can achieve five star ranking from Sky Track, which will help promote Indonesia as a world tourism destination.

Additionally, the Director of Angkasa Pura II Budi Karya Sumadi said the construction of Terminal 3 Ultimate has entered the last phase.

"We hope that the first phase of Terminal 3 Ultimate will become operational in May 2016. We can use some areas in the terminal before the Lebaran Day," Sumadi said.

The Angkasa Pura II will revitalize Terminal 1 and Terminal 2, including the expansion of east cross taxi way that will enable the wide body airplanes, such as Boeing 777, to land and take off.

Sumadi said the first phase of Terminal 3 Ultimate will be utilized by Garuda Indonesia airways and the Sky Team members.

The Terminal 3 Ultimate is now spread over 333,101 square meters, and can accommodate 25 million passengers a year.

The authority plans to accomplish the construction of Terminal 3 Ultimate by 2019 with an additional runway of 3,000 meters x 60 meters.(*)

Terminal 3 service must compete with Changi: Minister - ANTARA News

20160225antarafoto-izin-investasi-infrastruktur-240216-sgd-3.jpg



Izin Investasi InfrastrukturPemandangan sejumlah gedung bertingkat di kawasan Jakarta Selatan, Rabu (24/2). Pemerintah melalui Badan Koordinasi Penanaman Modal memberlakukan kemudahan layanan izin investasi 3 jam bagi investor bidang infrastruktur sebagai langkah untuk mempercepat pembangunan infrastruktur. (ANTARA FOTO/Sigid Kurniawan)


20160225antarafoto-izin-investasi-infrastruktur-240216-sgd-1.jpg



Izin Investasi InfrastrukturPemandangan sejumlah gedung bertingkat di kawasan Jakarta Selatan, Rabu (24/2). Pemerintah melalui Badan Koordinasi Penanaman Modal memberlakukan kemudahan layanan izin investasi 3 jam bagi investor bidang infrastruktur sebagai langkah untuk mempercepat pembangunan infrastruktur. (ANTARA FOTO/Sigid Kurniawan)
 
Growth of automotive industry encouraging: Minister
Kamis, 25 Februari 2016 23:09 WIB | 443 Views

Jakarta (ANTARA News) - The Indonesian automotive industry is increasingly undergoing good growth as evident in the increasing investment by automotive factories in the country, Industry Minister Saleh Husin said.

"The growth of the automotive industry is good. Toyota for example has invested some Rp20 trillion for its automotive development from 2015 to 2019," noted the minister here Thursday.

Toyota had spent Rp5 trillion in 2015 and would invest Rp5.4 trillion in 2016, he said.

Based on the industry ministrys data, Toyota controls about 31 to 32 percent of the automotive market in Indonesia. It has made an investment of Rp40 trillion in Indonesia up to 2014 while in the period of 2015 - 2019, Toyota is to complete the construction of its machine factory in Karawang, West Java.

He appreciated other automotive industries which are serious in investing in Indonesia by opening new factories, either for assembling or for manufacturing of spare parts, Saleh Husin said.

"Mitsubishi has built a new factory worth Rp3.5 trillion and Wuling of China has made an investment of Rp11 trillion," Saleh Husin remarked.

His ministry has coordinated with the relevant ministries to maintain the investment climate in Indonesia. With investment climate being maintained, investors would not move to neighboring countries, the minister acknowledged.

"If Vietnam offers incentives, the investors will move to that country. So, we have to compete with it. In short, we are coordinating with other ministries to create convenient and conducive investment climate," he said.

The decision of Ford to stop operations in Indonesia was not a signal of decline in investment interest in automotive industry in the country, Chief of the Capital Investment Coordinating Board (BKPM), Franky Sibarani said late last month.

Fords decision to stop operations in the country would have no impact on investment in the automotive industry in Indonesia, Franky Sibarani said.

"Interest is still strong in venturing into the automotive industry in the country," he added.

Ford has operated only as a car importer, offering after sales service, maintenance and repair, he said.

"It has no license in the automotive industry," he added.

PT Ford Motor Indonesia, an Indonesian business unit of Ford, the producer of American cars, has announced its plan to stop operations in the country before the end of this year.

PT FMI said in its electronic letter that it saw no prospects of profit in its operation in the country. The company, however, assured its customers that it would continue to facilitate supply of services and spare parts for Indonesia.

Based on data at BKPM, total investment in the country in industry producing transport equipment including automotive industry was valued at Rp23.57 trillion in 2015, up 6.5 percent from the previous year.

Foreign investments in the automotive sector both in manufacturing and services (trade and repairs) were valued at Rp21.6 trillion in 2015, up 13 percent from the year before.

Meanwhile, Chinese automotive company Wuling is building a car factory with total investment of US$397.4 million to be completed in 2017.

Fifteen automotive component producers would cooperate with Wuling, which would produce cars the type of multipurpose vehicles (MPV), Franky said.

Wuling will have a production capacity of 84,000 units a year and would have a spare parts plant.

Based on data at OICA (International Organization of Motor Vehicle Manufacturers), the ratio to population in Indonesia is 77 to 1,000 as against 397 to 1,000 in Malaysia.

The ratio shows that the market still has high potential in Indonesia.(*)

Indonesia offering 10 main tourism destinations dubbed as "new balis"
Kamis, 25 Februari 2016 22:08 WIB | 339 Views

Jakarta (ANTARA News) - The Ministry of Tourism is offering 10 prioritized tourism destinations known as the "10 New Balis" to boost the national tourism industry.

Minister of Tourism Arief Yahya stated here on Thursday that the term "new Bali" is an idiomatic expression being used with the expectation that the offered new destinations would attract as many tourists as those visiting Bali Island.

The ten prioritized tourism destinations in 2016 are Lake Toba (North Sumatra), Belitung (Bangka Belitung), Tanjung Lesung (Banten), Seribu Islands ( Jakarta), Borobudur Temple (Central Java), Mount Bromo (East Java), Mandalika Lombok (West Nusa Tenggara), Komodo Island (East Nusa Tenggara), Wakatobi National Park (Southeast Sulawesi), and Morotai (North Maluku).

Meanwhile, Bali is one of Indonesias iconic tourism destinations, which attracts some four million tourists a year, or 40 percent of the total tourists visiting the country.

"Bali is a destination that already occupies a prestigious spot on the worlds tourism map," Minister Yahya stated.

However, the ten prioritized destinations will not be developed to resemble Bali as each of them has distinct characteristics.

"They each have their own combination of nature and culture to offer. Such diversity will make us rich in terms of the attractions, culture, and traditions. The uniqueness of each region can be explored," Yahya remarked.

The government intends to boost the number of foreign tourist arrivals, which is expected to reach 20 million by 2019.

Meanwhile, data from the Central Statistics Agency (BPS) revealed that the Indonesian tourism industry grew by 7.2 percent last year, well above the global average of 4.4 percent.

Moreover, the number of tourist arrivals in Indonesia last year exceeded the government-set target of 10 million.(*)

20160225Foto_IFR_Award_1.jpg

Sampoerna collects the award from Thomson Reuters
Kamis, 25 Februari 2016 15:43 WIB | 417 Views

JAKARTA, February 24, 2016 (Antara) – The successful Rp. 20.768 trillion (USD 1.5 billion*) rights issuance of PT HM Sampoerna Tbk. (Sampoerna/IDX: HMSP), the leading tobacco company in Southeast Asia’s biggest economy, has again won global recognition. Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, awarded Sampoerna with the 2015 International Financing Review (IFR) Asia Award in the “Indonesia Capital Markets Deal” category. Sampoerna’s Director of Finance, Michael Sandritter, received the award in Hong Kong on behalf of the company.

The IFR Asia Awards is part of the Thomson Reuters Awards for Excellence, recognizing corporate and individual success in the global financial industry.

“Pulling off a sizable equity offering in a country where macroeconomic indicators and the currency are both pointing down is no mean feat,” said Thomson Reuters in its written remarks on Sampoerna’s 269.7 million shares issued.

The Rights Issue, completed in November 2015, was the largest-ever secondary placement in Southeast Asia and also the largest equity offering in Indonesia since 2008. The Rights Issue attracted both domestic and foreign investment, with capital from foreign investors translating into currency inflows into the country, demonstrating confidence in both the Indonesian economy and stock market.

As a result, Sampoerna’s market capitalization of Rp. 504.238 trillion (USD 37,313 billion) as of February 22, 2016, is currently the largest in Indonesia. In addition, Sampoerna is also the country’s largest tax payer.

“The Indonesian company’s strong management, the defensive nature of the business and its likely entry into the local benchmark index made the stock a must-have for local and international investors and paved the way for a premium pricing,” said Thomson Reuters.

Mr. Sandritter expressed his appreciation for the award. “The award inspires us to work even harder for all of our adult-smokers, business partners and shareholders. Sampoerna’s decision to conduct the Rights Issue, and investors’ overwhelming positive response to the deal, indicates broad confidence in Indonesia and its long-term prospects,” said Mr. Sandritter, a member of Sampoerna’s Board of Directors.

In January 2016, Sampoerna also received the 2015 FinanceAsia Achievement Award in the "Best Indonesia Deal" category.

About PT HM Sampoerna Tbk.
Founded in 1913, Sampoerna -- an affiliate of PT Philip Morris Indonesia and part of Philip Morris International Inc. -- is the leading Indonesian tobacco company, focusing primarily on the production and sale of clove cigarettes. In 2015, Sampoerna held a 35.0% market share driven by its strong brand portfolio, including Dji Sam Soe and A Mild in the premium price segment andSampoerna Kretek and U Mild in the mid-price segment. Sampoerna operates seven production facilities in Java and partners with 38 Third Party Operators, employing – directly and indirectly – a total of approximately 70,000 employees, mostly in the production of hand-rolled clove cigarettes. Sampoerna distributes its products via more than 100 sales and distribution area offices across Indonesia.
Sampoerna is the largest company by market capitalization on the Indonesian Stock Exchange, where it trades under the ticker symbol “HMSP.” Sampoerna was Indonesia’s largest taxpayer in 2015, with payments to the Government of more than Rp. 67 trillion.
For further information, please visit: www.sampoerna.com

Media Contact:

Elvira Lianita
Head of Regulatory Affairs, International Trade, & Communications
PT HM Sampoerna Tbk.
Tel. +62 21 515 1234
Fax. +62 21 515 2234
Email elvira.lianita@sampoerna.com

PT Astra International Tbk reports Rp14.5 trillion net profit
Jumat, 26 Februari 2016 02:11 WIB | 26 Views

Jakarta (ANTARA News - PT Astra International Tbk.s reported net profit of Rp14.46 trillion in 2015, down 25 percent from the Rp19.19 trillion recorded in the previous year.
"The Astra Group suffered business challenges during the whole of 2015 making its net profit drop. Excluding non-cash cost expenses stemming from depreciation of coal mine property value in 2015 and the years before, the corporations net profit declined by 20 percent to Rp16 trillion," President Director, Prijono Sugiarto, said in a press release received here on Thursday.
He said he had remained wary of future business prospects, but with the companys capability to produce good cash and a strong financial balance sheet, Astra International Tbk. would continue to invest in the future and be ready to adopt any opportunity stemming from an improvement in the economic conditions.
Astras consolidated net income was down 9 percent to Rp184.2 trillion in 2015, owing to a decline in the automotive segment, heavy equipment, mining and agribusinesses.
"In 2015, the company faced a reduction in commodity prices and domestic consumption, while competition from the car sales sector increased and the quality of corporate credit dropped due to a decline in contribution from all sectors, except information technology," he said.
He also explained that the Astra Groups business lines covered automotive, financial service, heavy equipment and mining, agribusiness, infrastructure, logistic and others, and information technology.
The net profit contribution from the groups automotive business was down 12 percent to Rp7.5 trillion, while financial services contribution slipped by 25 percent to Rp3.6 trillion.
Net contribution of the heavy equipment and mining business sector to the Astra Group dropped by 28 percent to Rp2.3 trillion and agribusiness by 75 percent to Rp493 billion.
Net profit from infrastructure, logistics and other segments was down 17 percent to Rp406 billion. Only the information technology segment reported an increase of 2 percent in net profit to Rp204 billion.(*)
 
5 New CC-300 locomotives, produced by PT.INKA, valued around $15 million, ordered by the Ministry of Transportation, currently undergoing completion.

PT Industri Kereta Api (INKA) di Kota Madiun, Jawa Timur, saat ini sedang menggarap lima unit lokomotif tipe DH CC-300 pesanan dari pemerintah dalam hal ini Kementerian Perhubungan dengan nilai kontrak masing-masing Rp40 miliar. PT INKA mengklaim lokomotif tersebut sebagai lokomotif anti banjir, karena memiliki sistem kelistrikan yang terintegrasi dengan penggerak diesel hidrolik yang diletakkan di bagian atas lokomotif, sehingga kereta tetap dapat melaju meski rel tergenang air setinggi 1 meter.

1.jpg


2.jpg

Teknisi memeriksa lokomotif anti banjir berkode DH CC 300 yang baru selesai dikerjakan PT Industri Kereta Api (INKA) di Madiun, Jawa Timur, Jumat (26/2/2016).
 
Indonesian children from the Lolibu & Tambelado villages of the far-flung islands of southeast Sulawesi going to school using canoe.
Konawe Selatan: Siswa Sekolah Dasar Negeri 4 Laonti mendayung sampan menuju ke sekolah mereka di Desa Woru-Woru, Kecamatan Laonti, Kabupaten Konawe Selatan, Sulawesi Tenggara, Kamis (25/2/2016). Sebagian siswa SD Negeri 4 Laonti asal Desa Lolibu dan Tambelado mengunakan sampan untuk bersekolah karena tidak tersedianya akses jalan darat.

1.jpg


2.jpg


3.jpg
 
[Movies] New official still from Beyond Skyline
beyond skyline 2.jpg

The Chief vs Alien
 
Last edited:

Country Latest Posts

Back
Top Bottom