Indonesia Market Summaries 24 June 2013

Bank Indonesia (BI) predicts inflation month-on-month (mom) June will rise by over 2% after fuel prices increased. If it is not raised, then inflation will only amounted to 0.7% -0.9%. According to BI' Governor Mr. Agus Martowardojo, the inflation will stabilize again in September-October.

Acting Head of Fiscal Policy Agency Mr. Bambang S. Brodjonegoro assess that inflation will rise to its highest level on July because it is the same momentum between the fuel price hike, the new school year, and the month of fasting. According to the plan, the new price of fuel price will be announced by President Yudhoyono this evening. (Investor Daily)

Bank Indonesia (BI) prepare to intervene in the capital markets to buyback of government securities (GS). The plan is in line with the greater selling pressure from foreign investors. This action came after the U.S. central bank will lower its efforts to buy back government bonds from the capital market. (Bisnis Indonesia).
Logistics Agency (Bulog) began to include meat and soy as the needs of the people who had their stabilization. The agency will begin importing the needs of both on July and October as the market operation steps (Investor Daily)

The sales of 9% stake in PT Bank Internasional Indonesia Tbk (BII, Rp355) apparently do by Malayan Banking Bhd (Maybank). The sales made to as many as 5.05 billion (10.1 lot) shares at a price of Rp355, so that the total transaction was worth Rp1,79 trillion. Transaction was carried out on June 19, from/to PT UBS Securities Indonesia.
Sale of shares intended to add public portion related to floating shares liabilities after tender offer conducted in December 2008. Maybank submitted disclosure to Bursa Malaysia. (Investor Daily)

PT Wintermar Offshore Marine Tbk will hold its buyback from the public because assessing that the company's stock price is still low. The maximum number of budgeted 190 million (5.2%) shares with a fund preparation of the U.S. $ 10 million (equivalent to Rp99,24 billion). The Share buy-back will be the exchange of convertible bonds that have been issued by the company to IFC. (Investor Daily)

for Indonesia Market Summaries 24 June 2013