Indonesia Morning Journal 8 Jan, 2019

INDUSTRY

• Foreign exchange reserves at USD120.7bn
• Government to provide tax incentive for export proceed

CORPORATE

• Semen Indonesia (SMGR IJ) aims to complete Holcim Indonesia (SMCB IJ) acquisition in Feb-19
• Semen Baturaja (SMBR IJ) booked 2.2Mt sales volume in 2018 (+24% YoY)
• Summarecon (SMRA IJ) maintains FY19F marketing sales target at IDR4tn
• Bank Mandiri’s (BMRI IJ) FY18 net profit to reach IDR25tn