Today's Headlines - 20 Agustus 2014

Expansion to ASEAN: SMGR Soon Completes Acquisition of Plant in Bangladesh (BI)  Semen Indonesia prioritizes its acquisition of cement companies in Bangladesh to be completed soon in the near future. The company said, it is still possible to acquired more than one existing plant in Bangladesh. Bangladesh plant has a production capacity of 600,000 tons up to 1 million tons per year. In addition, the company also targets to finalize the process of expansion plans to Myanmar in the fourth quarter 2014, by working together to form a joint venture with a local partner. To develop this joint venture, SMGR requires funds of USD100million-USD200 million. The fund of USD50 million will be sourced internally, while the rest from the loan. Govt to revise rules on modern retail shops, franchises (TJP) The government plans to revise two trade ministry regulations on modern retail shops and franchises, which it claims will improve the business climate in the domestic retail industry. The changes in both rules may include removing the trade minister’s requirements on the sourcing of goods and scrapping the maximum number of retail shops and franchises permitted for business owners, according to Trade Minister Muhammad Lutfi.  ICBP Beverages Plant to Operate immediately (BI)  ICBP will operate bottled drinking water plant by the end of 2014 in order to expand business in nonalcoholic beverages. ICBP has teamed up with Asahi Group Holdings Southeast Asia, Singapore, to enter the nonalcoholic beverage business in July 2012. Both have invested around Rp2.54 tn. The plant will be in operation by the end of this year. With this, the company will boost beverage business, especially dairy product such as milk and ice cream. PTPP’s Rp20 Trillion Superblock Project Commences (BI)  Superblock project Kamala Grand Lagoon in Kalimalang, Bekasi, will enter ground breaking stage on Wednesday (20/8). The project was managed by the company’s subsidiary, PTPP property. Kamala Grand Lagoon was developed in an area of 25 hectares. The superblock project is planned to have 25 apartment towers built gradually to 20 years. In addition, PTPP will also conduct groundbreaking of Grand Sungkono Lagoon project in Surabaya. The Rp5 trillion project will be developed on an area of 3.5 hectares. http://dmia.danareksaonline.com/BeritaRiset/NewsReader/2928