Indonesia's Property Market Is Still Shining by Muhamad Al Azhari | December 24, 2012

Entering 2013, the property sector is expected to continue benefiting from a favorable macro-economy condition, stronger buying power of low-income people as well as a pick-up in investment.

Local brokerage IndoPremier said the "domestic economy is still the theme in 2013" that will support the local economy, amid a tough year for the global economy. The brokerage said on Dec. 18 in its "Equity Strategy" outlook report for 2013 that the consumer-related sector, including property, is expected to benefit from strong domestic spending.

Analysts at the brokerage cited the country's inflation rate at below 5 percent in the past 17 months, which has helped to keep borrowing costs down. Bank Indonesia's benchmark policy rate has stayed at a record low 5.75 percent since February.

"In 2013, Indonesia will continue to become a beneficiary of these conditions," IndoPremier said.

On property stocks, IndoPremier likes two mid-sized companies, Metropolitan Land and Surya Semesta Internusa. It said the launching of an office and apartment project, the M Gold tower - located next to the Grand Metropolitan mall in Bekasi - "will be well received by the market."

The consumer sector will be boosted partly, due to the recent minimum wage raise, which is set to rise by an average 19.8 percent in 31 provinces.

"More than 13 million workers will be the main beneficiaries of the higher minimum wages ... These workers will earn the most benefit from the latest minimum-wage policy," the brokerage said. The wage increase "will be spent not only on foods but also on durable goods, and housing," it said.

Bekasi is a city on the outskirts of Jakarta that sees its economy growing as it harbors some industrial parks as well as providing homes to millions of people who earn money in Jakarta.

Bluescope Zacs Presents Products and Steel Roof Frame First in Sumatra: http://www.covesia.com/berita/31265/bluescope-zacs-hadirkan-produk-atap-dan-rangka-baja-pertama-di-sumatera.html/13 December 2016

To provide high-quality steel material with a layer of steel which has a persistence of the rain water and applied hot sun, PT. NS Bluescope Indonesia as a pioneer of the steel sheeting in Indonesia for 22 years with mengandeng PT. Adeha Metalindo and marketed through Karya Prima Group Zacs Bluescope first product launch in Sumatra by choosing a city of Padang as the first.

Vice President Commercial PT. NS Blue Scope Indonesia, Mr. Hoang Bui, said, This is our commitment as a pioneer of steel coatings industry in Indonesia to provide high-quality steel material to the public, "he said after launching the product Bluescope Zacs well as a partnership in Padang, on Tuesday (12/13/2016).