DAILY UPDATE
January 17, 2018
MACROECONOMIC NEWS
Indonesia Economy -
In the last month of 2017 Indonesia posted
a USD 270 million trade deficit according to the latest data from
Statistics Indonesia (BPS). Indonesia posted a trade surplus in all
months of 2017 with the exception of July and December.
Indonesia's exports reached USD 14.79 billion in December 2017,
up 6.93% yoy from the nation's exports in the same month one
year earlier. Meanwhile, its imports reached USD 15.06 billion,
up 17.83% yoy from imports. Hence, the trade deficit in
December 2017 was caused by rapidly rising imports, boosted by
the purchase of raw materials and capital goods for local
manufacturing purposes. Meanwhile, December exports did not
live up to expectations due to a slowdown in automotive parts
and vegetable oil shipments.
ECB -
Mi utes fro the Europea Ce tral Ba k’s eeti g i
December suggested the bank may take a more hawkish stance
on its monetary policy. While rate-hike speculation has ramped
up, Bundesbank President Jens Weidmann, who tends to be on
the hawkish side of ECB poli y, said i
i e t risk of a ha ge is
s all for the o e t, a Reuters re
port quoted him as saying in
Germany. The ECB will next meet on Jan. 25.
CORPORATE NEWS
INDY
–
PT Indika Energy allocates capex of USD 140 million this
year. Majority of the proceeds will be used for heavy equipment
maintenance of its subsidiary, PT Petrosa.
PPRE
–
PT PP Presisi targets IDR 700 billion contribution to
revenue (eqv. 10
–
15% of revenue) from its hauling business in
2018.
TOPS
–
PT Totalindo Eka Persada books IDR 1.4 trillion new
contract up to the third week of January 2018. In addition, TOPS
target IDR 4.2 trillion new contract in 2018.
ANJT
–
PT Austindo Nusantara Jaya will strengthen its sago
busness this year. The company plans to raise the production
capacity of its sago factory in Papua from 1,260 tonnes per month
to 3,000 tonnes.
PPRE
–
PT PP Presisi booked IDR 5.9 trillion new contract in 2017
or
% fro FY 7’s target.
PT. Panin Asset Management
JSX Building Tower I, 3rd Floor
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