THE COMPANY: Jasa Marga, established in 1978, was the first toll-road operator in Indonesia. The company is the market leader of toll road operators, managing approximately 532 km, or 72%, of toll roads in the country. Jasa Marga is currently in the process of developing another 200 km of toll roads....
At the forefront of a regional wave of bond sales in 2010, Indonesia continued to enjoy a similar trend in 2011, with several major sales during the year. Moreover, Indonesia’s sovereign debt rating was increased to investment grade in December 2011, which could lower the cost of funds. That should be the catalyst needed to deepen markets for...
Life insurance premiums in Indonesia have been growing faster than non-life for a decade. The Life Insurance Association (Asosiasi Asuransi Jiwa Indonesia, AAJI) estimates that there are around 33.2m policyholders nationwide, of which 9.3m have individual policies. There is room to expand the pool of 16.75m existing life insurance clients, which has...
The country’s regulator for the capital markets, Bapepam, has developed and carried out a series of master plans that will guide and pace the development of the Indonesia Stock Exchange (IDX) and other local financial platforms. The current master plan, which was introduced in October 2010 and addresses 2010-14 period, begins with a reflection on...
The large low-income consumer market has become a testing ground for many industries in Indonesia, and insurance is no exception. The microinsurance segment, although still marginal relative to the industry as a whole, has recently been attracting the attention of mainstream underwriters in this regard. With over half of Indonesia’s population...
THE COMPANY: Aneka Tambang (ANTM) is a vertically integrated, export-oriented, diversified mining and metal company in Indonesia. It is a state-owned enterprise in which the government is a majority shareholder, with 65% of the shares. The remaining 35% shares belong to public investors. The company does...
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