Indonesia Market Summaries 27 August 2013

PT Bank Mandiri Tbk is studying the provisions of buyback stock

Corporate Secretary of PT Bank Mandiri Tbk (BMRI, Rp7.100) Mr. Nizon Napitupulu said that the company is studying the provisions of buyback stock. As is known, the Financial Services Authority (Otoritas Jasa Keuangan / OJK) allows issuers to buy shares without going through the GMS. However, buyback without AGM can only be done if the IHSG index fell 15% in three consecutive days.

These provisions are summarized in the OJK rules number 02/POJK.04/2013 about Buy Back of Shares Issued by Public Listed Company in the Market Conditions Fluctuate Significantly. According to the company, although the FSA already allow it, but the company is still studying the regulations, particularly related to the banking corporate action. (IMQ)

Hatta Rajasa claimed the government held a marathon meeting

Coordinating Minister Hatta Rajasa claimed the government held a marathon meeting after President SBY read the policy. The reason is, the policy must be realized in ministerial regulations form. Hatta admitted the government is concentrating on the Current Account Deficit (CAD).

According to the government to make sure to address the deficit. Today the economic ministers meeting back at the office Hatta Rajasa. The discussion today will focus on the reduction of fuel imports by increasing the use of biodiesel. (DetikFinance)

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