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Pertamina Lowers 2018 Investment Plan by 20%

JAKARTA (TheInsiderStories)—Indonesia’s state-owned oil and gas company PT Pertamina (Persero) lowered its projected capital spending in 2018 by 20 per cent due to worsening...

SOEs Review: Pertamina Experiencing Financial Problems?

JAKARTA (TheInsiderStories)--Today circulated letter from the State-owned (SOEs) ministry that allowed the largest energy producer PT Pertamina to sell part of its assets to...

Morning Briefing: Fed’s Powel Speechs Bring Optimism to the Market, Indonesian Fuel Subsidy Double

JAKARTA (TheInsiderStories) - Good morning. Chairman of the Federal Reserve (the Fed) Jerome Powel to United States's (U.S) Congress bring optimism to the market....

Indonesia Freezes Pertamina Deal With National Iranian Oil

JAKARTA (TheInsiderStories) - Indonesia’s government decided to freeze the state-owned energy producer PT Pertamina’s deal to operate the Mansouri oil field in Iran over because it...

Indonesia’s Pertamina Claims Four Investors Interested in Mahakam Block

JAKARTA (TheInsiderStories) - Indonesia's oil & gas producer PT Pertamina claimed four international companies have shown their interests to manage the offshore Mahakam Block, the...

Indonesia’s Pertamina Signs Fuel Contract with Saudi Aramco

JAKARTA (TheInsiderStories) - Saudi Aramco to start supply gasoline to Indonesia's oil & gas producer PT Pertamina starting July, said traders last week. Its trading...

Pertamina Team up with Taiwan’s CPC Builds Naphta Cracking Plant in Indonesia

JAKARTA (TheInsiderStories) - State-owned oil and gas holding PT Pertamina and its Taiwanes partner CPC Corp., is looking to establish a naphtha cracking plant in Indonesia,...

PTBA Secures US$1.26B Loans from China Exim Bank

JAKARTA (TheInsiderStories)--PT Huadian Bukit Asam Power (HBAP), a joint venture power company between PT Bukit Asam Tbk (PTBA) and PT China Huadian Hongkong Company...

Indonesia Pertamina More Aggressively Acquires Overseas’s Assets

JAKARTA (TheInsiderStories) - After more than a year of negotiations,The largest energy producer in Indonesia PT Pertamina expects to complete its acquisition of an operating interest...

Too Much Intervention Could Affect Pertamina’s Long Term Projects

JAKARTA (TheInsiderStories)—Too much government intervention in the changing Pertamina’s board of directors potentially cause crucial projects delays and disrupt long term plans of the...

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Outdated Power Sector Threatens Indonesia’s Industry 4.0 Aspirations

JAKARTA (TheInsiderStories)--The outdated technology utilised in Indonesia's electricity sector could dent the government's aspiration to kickstart the fourth industrial revolution, also known as Industry...

Yuan Depreciation Reduces Trade War Impacts for Chinese Exporters

JAKARTA (TheInsiderStories)--the significant depreciation of the Chinese yuan against the US dollar from around CNY 6.28 in mid-February to CNY 6.80 on 20 July...

AirAsia X Orders 66 Airbus A330neo for US$296.4M

JAKARTA (TheInsiderStories) - AirAsia’s long-haul affiliate, AirAsia X, has placed an order with Airbus for an additional 34 units of A330neo widebody aircraft, said the...

Policy Review: Electricity Subsidy Swells to US$4B, Hit PLN’s Finances

JAKARTA (TheInsiderStories) - Indonesia government projected the electricity subsidies will swell to Rp59.99 trillion (US$4.18 billion) from the initial budget that has been targeted in...

Morning Briefing: BI’s Policy Not Able to Moves the Market

JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) move to maintained BI 7-Day Reverse Repo Rate (BI-7DRR) at 5.25 percent does not provide fresh air to...

Bank Indonesia Keeps Policy Rate Unchanged

JAKARTA (TheInsiderStories)--Bank Indonesia decided to hold its benchmark seven-day reverse repo rate at 5.25 per cent on Thursday (19/07) to keep the Indonesian financial...