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Indonesian Supreme Court Revokes part of Ride-sharing Rule

JAKARTA (TheInsiderStories) - Indonesia Supreme Court revoke part of ride-sharing app rule as it is contrary to the constitution, dismiss competition, and harm society. On April 2017, Transportation Ministry issued Ministerial Decree No. 26/2017...

US-South Korean talks to discuss renegotiation of the KORUS Free Trade Agreement

by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit  Key Data: The US and South Korea held a special session of the US-Korea FTA Joint Committee on toady (22 August) to discuss renegotiating the...

Indonesian Government Considers to Release One-Month Treasury Notes

JAKARTA (TheInsiderStories) - The Indonesian government is considers to release one-month state treasury notes in 2018 to meet the short-term liquidity needs. Previously the International Monetary Fund proposed Indonesia examine the short-term treasury notes as a solution...

PLN Signs US$30 Million Hedge Facilities With Three Major Banks

JAKARTA (TheInsiderStories) - Indonesia state-owned power producer PT Perusahaan Listrik Negara (PLN) signed hedging transactions amounted US$30 million with three banks to minimize any risks arising from the fluctuating exchange rate in the future,...

Freeport Indonesia’s Shares Divestment Unclear, Loss US$3 Million on Strike

JAKARTA (TheInsiderStories) - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan insist the divestment of PT Freeport Indonesia (FI) not final yet but the agreement is on the way. Previously, Minister of Energy and Mineral...

Garuda Indonesia Targets Become Integrated Airlines Services

Jakarta (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carriers is ready to become Garuda targets to be an integrated airline service in the next few years. Having been 70 years...

Fitch: Indonesia Regulation to Benefit Bond Issuers in Long Term

JAKARTA (TheInsiderStories) - Fitch Ratings believes that the Indonesian authorities' recent initiatives to cut borrowing costs and support economic growth will not have immediate benefits for Indonesian non-financial corporate bond issuers although the moves...

Govt Proposes $30b Infrastructure Spending in 2018. For What?

JAKARTA (TheInsiderStories) - The Indonesian Government proposed Rp409 trillion or $30.3 billion for infrastructure spending next year to the legislative. Why should the government allocate such huge spending? In the 2018 State Budget draft, the...

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has also assigned a definitive B2 rating to the U$400 million...

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment to PT Tokopedia, one of largest marketplace operator in Indonesia....