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Tiket.com Expects to Double Transactions After Acqui​sition

JAKARTA (TheInsiderStories) – Online travel agent tiket.com sets a target of nearly doubling its transaction volume this year, after having been acquired by GDP Venture, the venture capital arm of Djarum Group, the Chief...

Salim Group Buy​s Out Elevania From XL Axiata and SK Planet

JAKARTA (TheInsiderStories) - Indonesian conglomerate Salim Group is buying out the entire stake of a local e-commerce platform Elevania from its previous owners Indonesian mobile phone operator PT XL Axiata Tbk and Singapore e-commerce firm...

INTERVIEW: KPPIP Unveils Breakthrough to Expedite Priority Infrastructure Projects

JAKARTA (TheInsiderStories) – Indonesia's efforts to accelerate development of priority infrastructure projects started taking shape this year, as the Committee for the Acceleration of Priority Infrastructure Delivery (KPPIP), slowly but sure sought out and...

North Korea’s Pressure Point: The Economy

by Hugo Erken and Bjorn Giesbergen from Rabobank Without China’s economic lifeline, the North Korean economy would go off a cliff Although China has been scaling down on imports from North Korea, which suggest...

Moody’s Says Restructured Loan Growth Raises Asset Quality Concerns in Indonesia, Thailand

JAKARTA (TheInsiderStories) – Restructured loans have grown substantially in Thailand and Indonesia in recent years, underscoring high latent asset risks in the two countries, international rating agency Moody’s Investors Service stated in an in-depth...

Moody’s: Japan Tobacco Inc. Ratings not immediately affected by acquisitions in Philippines and Indonesia

Moody's Japan K.K. says that Japan Tobacco Inc.'s (JT) Aa3 ratings and stable outlook are unaffected by its announced acquisitions of the assets of Mighty Corporation (MC) in the Philippines, as well as of...

Indonesia Consumer Optimism Remains High But Spending Slower

JAKARTA (TheInsiderStories) - Indonesia consumer confidence slightly stronger in the second quarter (2Q) of 2017 compared to the 4Q of 2016 despite the slower spending based on the latest Consumer Confidence Index released by...

Reactivate CEPA with Chile, Indonesia Eyeing Latin America Market

JAKARTA (TheInsiderStories) - The Indonesia Government reactivated the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA), as an effort to open up international trade opportunities amid the global economic recovery. Director General of International Trade Negotiations Ministry...

Bank Indonesia Cuts BI 7-Day Rate to Boost Economic Growth

JAKARTA (TheInsiderStories) - Indonesian Central Bank (BI) cut its BI-7 Days Reverse Repo Rate by 25 basis point (bps), from 4.75 percent to 4.5 percent after it leaves the anchor rate unchanged since last...

Indonesia Barter Sukhoi with Commodities to Drive Export in East Europe

Jakarta (TheInsiderStories) - Indonesian Government trade off 11 units of Russian's Sukhoi SU-35 with worth US$1.14 billion with Indonesian commodity exports. Both countries agreed to swap half of the value on the commodity export...