News

18Jan 2018

We would like to invite Singaporeans to meet with Ambassador Anil Kumar Nayar for a discussion on consular services provided by the Singapore Embassy in Jakarta. Date: Saturday, 27 January 2018 Time: 3.00 pm to 5.00 pm Venue: Embassy of the Republic of Singapore, Jakarta Jln H R Rasuna Said, Block X/4, Kav No. 2, […]

17Jan 2018

The Indonesian Directorate General of Immigration has advised that holders of the ABTC are exempted from Indonesia’s Visit Visa requirements so long as they are not engaged in any employment in Indonesia. They can remain in Indonesia for up to 60 days (which cannot be extended). Currently there are 17 airports (4 with dedicated ABTC […]

15Jan 2018

Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices. Home prices may rise as much as 10 per cent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an […]

15Jan 2018

The Jakarta bourse has set a target of listing 35 new companies this year, on the back of improving economic growth and upcoming regional elections that are expected to boost consumption in the country. Companies planning to go public this year is expected to exceed the official target of 35. There are several challenges this […]

15Jan 2018

Bukalapak CEO Achmad Zaky announced that the e-commerce platform had officially become Indonesia’s startup unicorn, as the company was now valued at over US$1bn. This achievement has made Bukalapak the country’s 4th unicorn startup after ride-hailing app Go-Jek, online booking platform Traveloka and e-commerce platform Tokopedia. The government has set a target of creating five […]

04Nov 2016

HK Realtindo plans to issue 35% of its share base to the public to raise Rp1 .0t-1.4t. The company has assigned Bahana Securities, MAndiri Sekuritas, Danareksa Sekuritas, BNI Securities and RHB Securities Indonesia to handle the IPO, which will be conducted In Apr-May 17.

04Nov 2016

Gajah Tunggal (GJTL) booked net income of Rp583b in 9M!6, vs a net loss of Rp750b in 9M15. Revenue grew 6.% yoy to Rp10.16t (9M15: Rp9.54t). Due to lower cost of goods sold, gross margin expanded from 19.1% in 9M15 to 23.9%.