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- 2015-08-21
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[Indonesia] Indonesian consumer optimism shifted Philippines Indonesian consumer confidence index in the second quarter 2015 fell three points to 120 from the previous quarter at level 123.
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| [Indonesia] Customer Import Company Threatens Retail | ||||
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To spur the growth of the domestic manufacturing sector, the government raised tariffs or import tax for some categories of consumer products with an average tariff rise of 5% -15%. Stock market analysts assess the new rules will have a negative impact on the consumption sector, in particular retail issuers with a portion of im ported products more than 50%. into force 14 days after its promulgation by Kemenkumham, which has been carried out on 9 July.
HP Analytic research institute said that the regulation would not be too significant impact on consumer staple sector issuers such as PT Indofood CBP Sukses Makmur Tbk, PT Unilever Indonesia Tbk, and PT Nippon Indosari Corpindo. "The regulation will not be too significant due to the low level of imported raw materials used," Analytic HP said in a note on Monday 27 July. | ||||
| [Indonesia] Garuda net Profit Up 114.5 % | ||||
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Airline PT Garuda Indonesia Tbk. had a net profit for the year amounted to US $ 29.3 million during the first half of this year. Raihan net income increased by 114.5% over the same period last year when state-owned airline is experiencing a loss of US $ 201.3 million.
M. Ikhsan Rosan, daily executive VP Corporate Communications Garuda Indonesia said the improved performance in the midst of this economic downturn can be achieved thanks to the implementation of various business development strategy by the company through the "Quick Wins". "As well as through a variety of ongoing efficiency efforts undertaken," said Ikhsan through press releases, Thursday, July 30th. | ||||
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| [Vietnam] Joint effort | ||||
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On 18 May a consortium including Cong Thanh investment and Construction JSC and the Phuong Thanh Investment officially received an investment license for a project to build Ha Long – Van don Highway and upgrade a section Of National Highway No 18 from Ha Long city to Mon Duong. The project is being implemented in the buil d-operate-transfer (BOT) mode with total Investment Capital of VND 14 trillion ($645 million)
The BOT model has been attracting many investors in recent times, especially after the government and Ministry of transport (MOT) decided to promote the progress of many infrastructure projects by encouraging the involvement of the private sector. | ||||
| [Vietnam] Limitless prospects | |
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Thailand’s Amata Corporation revealed plans last month to join forces with Vietnam’s Tuan Chau group to develop an urban area and hi-tech project worth $1.6 billion in northern Quang Ninh Province. The joint venture, of which Amata holds 70 percent, will build Amata City Ha Long on 5,789 ha of Land.
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