Country economic news today

9:14 AM | January 5, 2016 BERITA No Comments

Suryamin, Head of Statistics Indonesia (Badan Pusat Statistik/BPS), said

inflation in December reached 0.96% month-to-month (mom), and 3.35%
year-on-year (YOY). December’s inflation is the highest over the last 10 years,
as compared to 0.92% in 2010, 0.57% in 2011, 0.54% in 2012, 0.55% in 2013,
and 0.46% in 2014. (IFT)

The government decided on Monday to postpone a plan to impose a levy on
sales of fossil-based fuels amid growing controversy over the idea. With the
postponement, the price of Premium gasoline outside Java and Bali will be
Rp6.950 per liter and Rp7.050 per liter in Java and Bali beginning on Tuesday.
Meanwhile, diesel will be sold at Rp5.650 per liter nationwide. Under the
previous plan, customers were to pay a levy of Rp200 per liter for Premium and
Rp300 per liter for subsidized diesel. The levy was to be used for an energy
security fund. (The Jakarta Post)

Officials said on Monday that a Jakarta-Bandung high speed railway would be
integrated with existing railway projects, as President Joko Widodo expected
the construction of the US$5.5bn project to kick off on January 21. The remarks
were made during a limited cabinet meeting at the State Palace on Monday. In
the meeting, it was also decided to seek ways to integrate the nation’s first ever
high-speed train with existing mass transportation projects, including the
ongoing construction of a LRT project in Jakarta, such as building an LRT line in
Bandung in order to connect the city with the high-speed train. Jokowi said this
year, he wanted to see an acceleration in infrastructure development,
particularly that related to railways. (The Jakarta Post)

Corporate News

Mitra Adiperkasa have realized 17.96% of shares buyback from a total of
prepared capital worth Rp116.2bn. Fetty Kwartati, Corporate Secretary of Mitra
Adiperkasa, says as of shares buyback deadline on December 30, 2015, the
company has spent buyback fund of Rp20.86bn with average buying price
Rp3.303/share. (IFT)

Wika Beton close the achievement of new contracts during 2015 amounted to
Rp3.5tr or 34.62% higher compared with the achievement in 2014 worth Rp2.6tr.
This achievement exceeds the projection in 2015 around Rp3.2tr. The company
is upbeat the performance in 2016 will be even better. The company is targeting
new contracts in the range of Rp4tr in 2016, with a carry-over of Rp1.7tr.

Telekomunikasi Indonesia surpassed the revenue target of Rp100tr throughout
2015, increased compared to the realization in 2014 amounted to Rp89.7tr. This
year, Telkom will maintain its performance by boosting its digital business.
(Investor Daily)

Adaro Energy will pay cash interim dividend total Rp489.06bn for the 2015 fiscal
year. As planned, the interim dividend payment will be paid on January 15, 2016.
The interim dividend value per share is equivalent to Rp15.29. (Investor Daily)
Mitra Keluarga Karyasehat is planning to build two hospitals this year. The
company allocated capex of Rp357bn to smooth the expansion plan. All
sources of funding for 2016 capex is from internal cash. The company will build
the two hospitals in South Tangerang Banten and Bekasi, West Java. According
to MIKA management, the company will start the development in Tangerang by
the end of January 2016. (Kontan)