The Indonesian Government Release Stimulus Package VIII

December 25, 2015

Business News, Jakarta Stock Exchange : The Indonesian Government Release Stimulus Package VIII

Another boost propelled

After seven boost bundles discharged in the middle of September and early December 2015, the Indonesian government discharged yet another bundle on Monday, Dec. 21st (boost bundle VIII). There are three fundamental focuses in this bundle identified with the geospatial one-guide approach, vitality (quickening of oil refinery ventures), and the avionics business (disposal of import duties on air ship save parts).

More fuel to help the economy

As per U.S. Vitality Information Administration (EIA), Indonesia household petroleum utilization came to about 1.7mn b/d in 2014. The refinery yield met just about c.55% of the utilization of local oil items. As of now, Pertamina works six refineries. These all convey downright ability to c.1,031mbbls/d (see Figure beneath), not as much as Indonesia’s aggregate needs. The new financial bundle allows the increasing speed of new refinery development. To be sure, the last refinery that the administration manufactured was Balongan in 1994. We think the boost improves the present speeding up of oil refineries in Indonesia, particularly with private area cooperation. Indonesia will have more capacity to process raw petroleum and offer quality included items, for example, petrochemical items. Besides, this procedure can decrease Indonesia’s reliance on fuel imports. Presently, oil and gas contributes 17.5% of Indonesia’s January– November 2015 import esteem in the exchange equalization, with raw petroleum contributing 5.7% and oil items contributing 10.4

Indonesia Stcok News

AISA: Tiga Pilar want to distribute stock dividend GOLL.
PT Tiga Pilar Sejahtera Food Tbk (AISA) is seeking a way to sell shares of its subsidiary PT Golden Plantation Tbk (GOLL). Because the plantation companies are considered a burden to the performance of AISA. Therefore, AISA want to share the subsidiary stock dividends to shareholders AISA. “Take out 30% of AISA shares in GOLL, distributed as dividends,” said Finance Director AISA Sjambiri Lioe. According to him, AISA has submitted this plan to the Financial Services Authority (OJK). (Kontan)

WIKA: Wijaya Karya Leads Consortium to Work on Kertajati Airport Project.

PT Wijaya Karya (Persero) Tbk. (WIKA) was elected as the leader of the consortium in Construction Package 1A of Land Side International Airport West Java, Kertajati Majalengka Pack 2 (Main Building Passenger) IDR 1.395 trillion. The determination of the winning bidder on the project based on the evaluation of the administrative, technical, pricing, qualification, and verification has been conducted by PT Bandar udara Internasional Jawa Barat (BIJB). (Liputan6)

GOLL: Golden Plantations Targeting Production Rose 10% Next Year.

PT Golden Plantations Tbk (GOLL) hopes to increase production.

In 2016, GOLL estimates production of fresh fruit bunches (FFB) will grow about 10%. As of September, GOLL produce 57,934 metric tonnes of FFB. In detail, 34,677 from PT Bumiraya Investindo, 8,554 metric tons from PT Mitra Jaya Agro Palm, 7,510 metric tons PT Charindo Palma Oetama, 4,228 metric tons PT Persada Alam Hijau, and 2,965 metric tons from PT Tandan Abadi Mandiri and PT Airlangga Sawit Jaya. (Kontan)

FASW: Fajar Surya Posted Losses of USD 592.33 Million.

In the midst of the economic slowdown, the paper company PT Fajar Surya Wisesa Tbk recorded a loss up to USD 423.960 due to debt burden in dollar. In fact, because of these conditions, in 2016 the company still has not prompted the company to set a profit target. “In 2015, if there’s no forex lost we do not lose,” said Yustinus Kusumah, President Director of PT Fajar Surya Wisesa Tbk. (Kontan)

STTP: Siantar Top Prepare Capex of IDR 650 Billion Next Year.

Manufacturers of food and beverages PT Siantar Top Tbk. plans to set up a capital expenditure (capex) of IDR650 billion for the next year in line with the business plan and product development. Siantar Top Director Armin said this year’s capital expenditure amounted to IDR370 billion has absorbed for investment products wafer and biscuit, to boost the export market. (Bisnis Indonesia)

INAF: Indofarma Increase Capex 100% Next Year.

PT Indofarma (Persero) Tbk preparing expansion. Next year, INAF budgeted capital expenditure (capex) of IDR 269.27 billion. The figure jumped 99.45% from IDR 135 billion this year. The state-owned pharmaceutical company allocates IDR 174.5 billion for buildings and installations. In detail, the factory building FDC TB IDR40 billion, sterile production facility renovations non Cepha IDR 45 billion, building a pilot plant IDR 22.5 billion, betalactam factory buildings IDR 10.5 billion, IDR5.04 billion microbiology laboratories, electricity and water installations IDR 40 billion and IDR 11.46 billion for other buildings. (Kontan)

Category: Business News, Jakarta Stock Exchange

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