Tag: investment landing

The anxiety of market participants in recent weeks finally happened, Russia invaded Ukraine last Thursday. The global stock market immediately collapsed yesterday, including the Indonesia Stock Exchange (IDX) composite, which fell 1.5% yesterday. Interestingly, foreign investors are still buying up domestic shares. Yesterday, net buying was recorded at Rp821 trillion in the regular market. Plus the negotiable and cash market the total is Rp. 881 billion. Meanwhile, on Friday (25/2) it was even higher, Rp1.14 trillion in the regular market, while if you combine it in the negotiable and cash markets, the net buy was recorded at Rp1.07 trillion. The wholesale action helped JCI gain more than 1% to 6,888,171 in today’s trading. Not only the last two days, this week foreign investors have always recorded a net buy of a total of Rp4.55 trillion.

When the invasion occurred yesterday, most foreign investors bought up shares of PT Bank Negara Indonesia Tbk. (BBNI) worth Rp282.3 billion. Then followed by PT Bank Central Asia Tbk. (BBCA) worth Rp203.8 billion. The third to fifth place is occupied by PT MNC Studios International Tbk. (MSIN) of Rp95.4 billion, PT Vale Indonesia Tbk (INCO) of Rp87 billion, and PT Gudang Garam Tbk. (GGRM) of Rp81.1 billion. Meanwhile, the net bought of PT Bank Jago Tbk. (ARTO) yesterday was recorded at Rp67.2 billion, and today is the most purchased. In the last two days, ARTO’s net buy was Rp895.8 billion. This makes ARTO the most sought-after stock since the Russo-Ukrainian war broke out. BBNI is in the runner-up position, the total net buy in 2 days is IDR 320.4 billion. In third place is PT Bank Rakyat Indonesia Tbk. BBRI amounted to Rp302.5 billion.

Feb 25, 2022, CNBC Indonesia

(https://www.cnbcindonesia.com/market/20220225164524-17-318507/ini-deretan-saham-diborong-asing-saat-rusia-ukraina-perang)

In the midst of the Covid-19 pandemic, the net profit of PT Bank Mega Tbk (MEGA) continued to grow by 33% YoY to Rp 4.01 trillion. Based on data from Bank Mega’s 2021 performance report, the company’s asset value last year grew 18 percent year-on-year (YoY) to Rp 133 trillion. This growth was above the increase in national banking industry assets, which was 10% YoY. And placing Bank Mega’s profit achievement in the top 5 banks, although in terms of assets it is not the largest.

Despite growing, Bank Mega will also experience various challenges in 2021 like many other industries, such as the global economy which has not yet recovered, and the Indonesian economy which has not yet been stable. Plus, with uneven vaccination and delta variant attacks in 2021. Fortunately, Bank Mega was able to transform with the rapid flow of digitalization of the financial economy with the dominance of several BigTechs. This includes demands for a green economy and sustainable finance.

Through various challenges, Bank Mega listed itself as one of the banks with the largest profits in Indonesia. In addition to Bank Mega, four other banks that also recorded strong performance include PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Central Asia Tbk (BBCA), and PT Bank Mandiri. Negara Indonesia (Persero) Tbk (BBNI). Throughout 2021, they recorded a brilliant performance which was reflected in net profit which shot up to three times. The monster performance is inseparable from the growth in net interest income and the bank’s focus on reducing the cost of funds.

Feb 25, 2022, CNBC Indonesia

(https://www.cnbcindonesia.com/market/20220225102117-17-318301/ciamik-cetak-rp-401-t-laba-bank-mega-nomor-5-se-indonesia)

PT PGN Tbk as Pertamina Gas Subholding establishes a synergy with an energy company from South Korea, namely SK E&S Co., Ltd (SK). This collaboration was also initiated in order to increase the growth of the natural gas business as well as efforts to reduce carbon emissions. This collaboration was inaugurated at the signing of the MOU by PGN’s Director of Strategy and Business Development, Heru Setiawan, and Vice President of SK E&S Co., Ltd, Ho Sik Lee on Tuesday (22/2/2022). SK is a company that focuses on electricity, LNG, renewable energy, communal energy, city gas, various overseas energy businesses, and business development in hydrogen and CCS.

The CEO of Sub-holding Gas PT PGN Tbk M Haryo Yunianto explained that PGN and SK will conduct a joint study regarding the potential for cooperation in the development of hydrogen and CCS in Indonesia. In addition, PGN & SK will jointly look for opportunities to develop the gas business in Indonesia and Korea, including conducting LNG trading.

CCS or carbon capture and storage includes activities in reducing greenhouse gas emissions which include the separation and capture of carbon emissions or CO2 gas. Then the transportation of carbon emissions will be captured to the storage area or storage to the injection target zone safely and permanently, in accordance with engineering rules.

Haryo hopes that this collaboration will not only provide benefits for PGN and SK. But also supports the government regarding the use of Carbon Capture and Storage/Carbon Capture, Utilization and Storage (CCS/CCUS) technology in the oil and gas industry, so that it can have a positive impact on the Indonesian economy.

Feb 24, 2022, DetikFinance(https://finance.detik.com/energi/d-5957589/subholding-gas-bumn-gandeng-korsel-tekan-emisi-karbon)

            The Directorate General of Dukcapil, Ministry of Home Affairs (Kemendagri) updated the population data for the second semester of 2021. The total population of Indonesia as of December 30, 2021, was 273,879,750 people. “There is an increase of 2,529,861 people compared to 2020,” said the Director-General of Dukcapil, Zudan Arif Fakrulloh, in a written statement, Wednesday (23/2/2022). Zudan said that of the total 273 million people, 138,303,472 people were men (50.5%). While the other 135,576,278 people are women (49.5%).

            The area with the largest population at the provincial level is West Java (Jabar) with a population of 48,220,094 people. Meanwhile, North Kalimantan Province is the province with the least population of 698,003 people. At the district/city level, Bogor Regency is the area with the largest population of 5,327,131 people.

Feb 24, 2022, DetikNews

(https://news.detik.com/berita/d-5957686/data-2021-total-penduduk-indonesia-273-juta-jiwa-laki-laki-lebih-banyak)

A millennial-driven wave of digitalization has been sweeping across Indonesia’s aquaculture industry. In Yogyakarta, which is a major producer of tilapia and catfish, PT Banoo Inovasi Indonesia is helping fish farmers raise the output of the two freshwater species. Banoo produces an aquaculture system called MycroFish that uses aerators and sensors to ensure fish ponds maintain optimal levels of oxygen, acidity, and temperature. The company claims the system increases pond productivity by up to 42 percent. Banoo chief marketing officer Lakshita Aliva Zein said the company hoped to sell 100 devices this year. A total of 62,208 freshwater fish farmers were operating in the province in 2020.

“We hope we can get more fish farmers to benefit from our products moving forward,” said the fisheries science graduate from Gadjah Mada University on Feb. 10.

Tilapia and catfish are the country’s most widely produced aquaculture products after seaweed, according to 2017 statistics. The species made up 8.2 percent and 7.2 percent, respectively, of the 15.52 million tons of national aquaculture production in 2017, Statistics Indonesia (BPS) data show.

There are over 700 start-ups in the country’s aquaculture industry, according to aquaculture start-up group Digifish Network, which has 30 members itself. These start-ups are competing to tap into a market that the Marine Affairs and Fisheries Ministry expects will be worth US$17.47 billion by 2024. Industry incumbents include eFishery, which bagged $90 million in its series C funding round on Jan. 10, and Aruna, which took in $30 million in its series A round on Jan 26.

Aquaculture has been gaining traction around the world. Its contribution to the total production and capture of aquatic animals has risen steadily from 25.7 percent in 2000 to 46 percent in 2018, FAO data shows.

Feb 21, 2022, The Jakarta Post

(https://www.thejakartapost.com/business/2022/02/20/aquaculture-start-ups-make-waves-in-indonesian-fisheries.html)

Bank Indonesia (BI) and Bank of Korea signed on Wednesday a memorandum of understanding (MoU) to work closer together on monetary-related issues. The MoU covers policy dialogue, technical discussions, capacity building, joint research, and other relevant forms of cooperation in the area of monetary and macroprudential policy, financial system stability, and payment and settlement systems, among other things. The latter issue includes jointly developing cross-border and digital payment infrastructure.

“Going forward, the cooperation also provides a strong framework for partnership in responding to the future challenges and in embarking on various innovations,” BI communication head Erwin Haryono in a statement.

The announcement of the MoU came just a day before the Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting. The MoU adds to the central bank’s long list of cooperation with other central banks and is the second to be signed during Indonesia’s G20 presidency that started on Nov. 1 last year.

“The MoU is expected to serve as an opportunity to substantially strengthen future cooperation with Indonesia, the largest economy in the ASEAN region and one with high growth potential,” said the Bank of Korea in a statement.

On Nov. 8 last year, BI signed a similar MoU with the Central Bank of the United Arab Emirates (CBUAE) to cooperate in developing cross-border payment systems, securing transactions, addressing money laundering, and combatting terrorism financing. In the statement, BI pledged to continue expanding partnerships with many other international partners.

“Such cooperation is an integral part of BI’s contribution to the national economy while also serving as an important development in line with the spirit of the 2022 Indonesia G20 Presidency,” Erwin said.

Feb 17, 2022, The Jakarta Post

(https://www.thejakartapost.com/business/2022/02/17/indonesia-s-korea-central-banks-ink-partnership-deal.html)