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Indonesian E-commerce : Conglomerate vs Startup

JAKARTA (TheInsiderStories) - The coming e-commerce market in Indonesia has become a strong temptation for any business player. With more than US$5.3 billion in turnover envisioned, the online shopping market is projected to reach US$130 billion...

Indonesia-Freeport Reach Agreement, Ending Dispute over Grasberg

JAKARTA (TheInsiderStories) – Indonesia's Energy and Mineral Resources Minister Ignasius Jonan announced on Tuesday (8/29), the government has concluded a deal with U.S. giant miner Freeport-McMoRan Inc. (FCX) which will allow the company to...

Chinese JD.Com Invest US$100 Million in Go-Jek, Follows Tencent

JAKARTA (TheInsiderStories) - Chinese e-commerce provider JD.com Inc. (JD.O) , unit of investment company Tencent Holdings Ltd. has invested US$100 million in Indonesian ride-sharing app Go-Jek. Previously, Tencent had invested around $150 million in Go-Jek. The move...

Telkom Satellite Problem Interrupts ATMs – Points to Banking Vulnerability

JAKARTA (TheInsiderStories) – A recent telco-owned satellite glitch, which knocked out thousands of cash machines across Indonesia, highlighted the vulnerability of the nation's remote banking operation, over-dependent on just one telecommunications provider. On Monday (8/29),...

China and India De-escalate Border Tensions Ahead of BRICS Summit

By Rajiv Biswas, Asia-Pacific Chief Economist, IHS Markit  The decision by China and India to de-escalate border tensions in the Bhutan border area is a major positive for the future economic co-operation agenda of the...

More Active Listings at IDX This Year – SOEs Awaiting Big IPOs

JAKARTA (TheInsiderStories) – While the Indonesian capital market has seen more listing activity this year, the funds raised from initial public offerings remain small, as 'bigger' IPO deals are anticipated for the second half...

Local Pension Fund Still Cautious Investing in Infrastructure?

JAKARTA (TheInsiderStories) - Local pension funds tend to be conservative despite the Indonesia Financial Services Authority (FSA) continues to expand the investment instruments options in the infrastructure sector. Recently, FSA issued the regulation on infrastructure...

16th Policy Package ​to Continue​ Structural ​Reforms in Indonesia

JAKARTA (TheInsiderStories) – The Government of Indonesia is preparing its next economy policy package, with a focus on a task force for investment aimed at every regional government, Ministries as well as government institutions. The...

Philippines Economic Growth the Fastest among ASEAN Big Six

JAKARTA (TheInsiderStories) - The Philippines' economic growth in the second quarter of this year was the fastest among the six biggest members of the Association of Southeast Asian Nation (ASEAN), representing more than 95...

Moody’s upgrades Gajah Tunggal to B2; outlook stable

Singapore, August 24, 2017 -- Moody's Investors Service has upgraded the corporate family rating (CFR) of Gajah Tunggal Tbk (P.T.) to B2 from Caa1 following the successful issuance of $250 million of senior secured notes due 2022...