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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...

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...