Indonesia Morning Journal 30 Jan, 2019

INDUSTRY

• E-commerce transaction in Indonesia is projected to reach USD14bn in FY19
• Electrical vehicle could exempt of import duty and luxury tax
• Electricity demand is expected to grow 5.6%
• Large-scale coal producers royalty rate will be increased, while corporate tax will be decreased
• Government to finalize customs duty and sales tax on luxury goods

CORPORATE

• OCBC NISP’s (NISP IJ) FY18 net profit grew 21% YoY
• Bank Mandiri (BMRI IJ) is rumored to have interest in Bank Permata (BNLI IJ)
• Ramayana Lestari Sentosa (RALS IJ) to sell its treasury stocks back to public
• Sarana Menara Nusantara (TOWR IJ) add life of contract revenue of IDR5.8tn