Media Highlights:
|
Economics
Bank Indonesia to issue more certificates
in Foreign Currency
Indonesia Tax revenue dropped by 3.92%
Corporates
Government offers
partial construction permit to KCIC
The Ministry of
Transportation (MoT) just offered the Kereta Cepat Indonesia China (KCIC) a
partial construction permit for its Jakarta-Bandung High Speed Railway
project. The MoT stated that it has offered the consortium a construction
permit by the kilometre that was countered by the KCIC. The consortium stated
that it is looking for a full construction permit and finished land
acquisition process from the MoT. However, the MoT further stated that KCIC
has not yet submit the detail engineering design (DED) to the ministry. (Bisnis
Indonesia)
Comment: Based on our meeting
with KCIC management, they expect to obtain construction permit for 40% of
the Jakarta-Bandung high speed train project land area by next two weeks.
Currently, around 50% of total land area are owned by the consortium,
including land from Perkebunan Nusantara (PTPN VIII), Jasamarga, and Kereta
Api Indonesia (KAI). Thus, Wika expects to record IDR17trn new contract from
HSR project by the end of this year. (Dony Gunawan)
Catur Sentosa Adiprana to inject IDR200bn
to Catur Mitra Sejati Sentosa
Matahari Putra Prima to acquire additional
5% stake in MatahariMall.com
Semen Indonesia and Pelindo I to create a
JV
Medco Energi acquired Newmont for USD2.6bn
Best regards,
Helmy Kristanto
Director
Head of Indonesia Research
PT. RHB Securities Indonesia |
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