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The state-owned, semi-privatized Telkom Indonesia (TLK, quote) is the largest telecommunications company in Indonesia, which is the world’s largest Muslim country, and the fourth most populous country in the world with nearly 240 million people. Here are five reasons why your Telkom Indonesia investment could pay off.
Foreign Policy Magazine (FP) recently outlined some emerging markets that have outperformed investor mainstays like China and India.
The aviation industry reaped a big payday as Muslims across the Indonesian archipelago flew home for Idul Fitri, the celebration that follows the Islamic holy month of Ramadan. Both domestic and international carriers benefited from high consumer demand for air travel.
Monday’s best web covers HP’s plans for India, Turkish companies distributing Gazprom gas, an attractive mining company in Chile, the rise of Indonesian bonds, and improving bank culture from the top down.
With GDP of $1.1 trillion, Indonesia is the 15th-largest economy in the world. This growth is tracked by the Jakarta Composite Index, the benchmark equity index for the Indonesian market.
With the Association of Indonesian Automotive Manufacturers (Gaikindo) projecting auto sales in Indonesia will hit 875,000 units this year, and manufacturers Toyota (TM, quote), Honda (HMC, quote), Nissan (NSANY, quote), Suzuki (SZKMF, quote) and Daihatsu (DHTMY, quote) posting robust sales, tire maker Goodyear Indonesia is coming along for the ride.
