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Desk Editor Insider

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Indonesia, China Renew Bilateral Local Currency Swap Arrangement

JAKARTA (TheInsiderStories) — Bank Indonesia and People's Bank of China (PoBC) renew its cooperation over bilateral local currency swap arrangement and doubling the amount from CNY100 billion (US$15 billion) to CNY200 billion, according to the...

Indonesia’s Investment Coordinating Board Appoints Four New Deputy

JAKARTA (TheInsiderStories) - Head of the Investment Coordinating Board Thomas Trikasih Lembong appointed four new deputy at his agency on Monday (19/11). The four new officials are Chief Secretary Andi Maulana, Deputy for Investment Planning...

Indonesia’s Pelindo I Gets Financing US$From Three Banks Rp 1.3 Trilion

JAKARTA (TheInsiderStories) - PT Pelabuhan Indonesia I also known Pelindo I, signed financing agreement worth of Rp1.3 trillion (US$88.43 million) from three state-owned enterprises lenders, PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Rakyat...

Japan’s Trade Balance Turns to Deficit in October

JAKARTA (TheInsiderStories) - Japan’s trade balance turned to a deficit of JPY449 billion (US$4billion) in October on a non-seasonally adjusted basis, largely reflecting a surge in imports (up 19.9 percent y/y) outpacing exports (up 8.2 percent...

Moody’s: Asia Pacific Emerging Market Credit Conditions Broadly Stable in 2019

JAKARTA (TheInsiderStories) - Credit conditions for emerging markets in 2019 will probably be more challenging as global growth slows, financial market volatility continues, interest rates rise and trade protectionism and geopolitical tensions heighten, says Moody's Investors Service in...

Toll Payment Supports Indonesia’s Electronic Money Transactions

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted the volume and value of electronic money transactions during January-September 2018 increased significantly compared to the same period last year. Based on the central bank' Payment System Statistics...

Setya Novanto Earns US$6M from Indonesia’s Riau-1 Project

JAKARTA (TheInsiderStories) —Setya Novanto, ex-House of Representatives Chairman, who’s now in prison for electronic ID case, is reported also received dirty money from Riau-1 steam power plant project US$6 million. The statements comes out during the...

Improves CAD, Indonesia Issued Economic Policy Package XVI

JAKARTA (TheInsiderStories) - Indonesian government again issued the Economic Policy Package to solved the the current account deficit (CAD), addressed the global economic pressure, normalization of US monetary policy and the US-China trade war, said one...

Indonesia to Establishs Infrastructure, Housing & Regional Development Holdco

JAKARTA (TheInsiderStories) -  Indonesian government in the process to establish two new holding of Infrastructure also Housing and Regional Development for state-owned enterprises (SOEs), said one government official on Thursday (15/11). The process of...

ASEAN, Japan Strengthen Cooperations in South China Sea Security and Trade

JAKARTA (TheInsiderStories) — Association of Southeast Asian Nations (ASEAN) and Japan agreed to strengthening the cooperations in South China Sea security, regional trade, also stated support over North Korea denuclearization. The commitment mentioned in...