Indonesia Market Summaries 15 July 2013

• Otoritas Jasa keuangan (OJK) announced dissolution of protection insurance consortium of Tenaga Kerja Indonesia (TKI / Indonesian workers) as management assessed deviated in order to protect Indonesian workers abroad. The consortium consists of 10 companies and one insurance broker, namely PT Paladin International.
  
  The 10 insurance companies are PT Asuransi Jiwa Central Asia Raya, PT Asuransi Jiwa Recapital, PT Asuransi Takaful Keluarga, PT Asuransi Umum Mega, PT Asuransi Raya, PT Asuransi Purna Artanugraga, PT LIG Insurance Indonesia and PT Asuransi Ramayana Tbk (ASRM, Rp1.040). (Vivanews)
• Lembaga Pembiyaan Ekspor Indonesia (Indonesian Export Financing Institution / Indonesia Eximbank) recorded assets worth Rp39 trillion in semester I/2013, an increase of 25.4% compared to the same period last year. Eximbank has also disbursed Rp30,6 trillion in the same period. The company targets surge in financing up to 100% from last year achievements Rp26,7 trillion.
• PT Kimia Farma Tbk (KAEF, Rp850) through its subsidiary, PT Kimia Farma Trading & Distribution (KFTD) won a contract procurement of medical equipment and medicines from the Ministry of Health of the Democratic Republic of Timor-Leste. The contract is worth USD 11.6 million or equivalent to IDR 110 billion.
  
  The contract includes the procurement and distribution of medicines, medical equipment, reagents and instruments Hospital. (DetikFinance)
• Vehicle rental business of PT Mitra Pinasthika Mustika Tbk (MPMX, 1,200) in the first half of 2013 recorded a growth of about 74% to 12,104 units. In addition to operational performance MPM Rent which grew 74%, sales of Honda motorcycles by MPMMulia in the first semester of 2013 also reached 447 578 units or increased 26% from the first half of 2012 that as many as 355 758 units.
  
  This increase is well above the national Honda motorcycle sales were up 12% and the national motorcycle sales rose 6% from the month of January to June 2013. (Inilah.com)

for Indonesia Market Summaries 15 July 2013