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Desk Editor Insider

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Morning Briefing: Billionaire James Riady Linked in Meikarta Bribery Case

JAKARTA (TheInsiderStories) - Good morning. The corruption eradication commission (CEC) expanded its investigation on bribery cases of Lippo Group’s executives and searched for evidences in the house of billionaire James Riady, the group’s second-generation patriarch. The...

Indonesia’s Indosat Prepares Capex US$2B in 2019

JAKARTA (TheInsiderStories) - PT Indosat Ooredoo Tbk (IDX: ISAT), Indonesian cellular operator prepared capital expenditure around US$2 billion in 2019, said the newly chief executive Chris Kanter today (18/10). "We will totally change, we need millions...

Indosat appoints Chris Kanter as new captain

JAKARTA (TheInsiderStories) - Indonesian cellular operator, PT Indosat Ooredoo Tbk (IDX: ISAT) has elected its new Board of Directors and Commissioners, in extraordinary general meeting of shareholders held Wednesday (16/10). Chris Kanter, was appointed as President...

Indonesian Anti-graft Body Inspects James Riyadi’s House

JAKARTA (TheInsiderStories) - Indonesian Corruption Eradication Commission (CEC) inspected the residence of the CEO Lippo Group James Riyadi in Karawaci, Tangerang, related to alleged bribery cases in the Meikarta Projects. Previously, the body has specified six suspects...

Weak Exports, High Oil Prices Contributes to Japan’s Narrowing Trade surplus in September

JAKARTA (TheInsiderStories) - Japan's trade balance recorded a surplus of JPY140 billion (US$1 billion) in September, following two consecutive months of deficits (on a non-seasonally adjusted basis), although the surplus narrowed by 78.7 percent year-on-year (YoY). The...

Lippo Karawaci’s Alleged Bribery is Credit Negative, Moody’s Said

JAKARTA (TheInsiderStories) - On Oct. 15, Indonesia's (Baa2 stable) Corruption Eradication Commission arrested Lippo Group executives for alleged bribery relating to the issuance of property permits for the Meikarta project, a township development by Mahkota...

World Bank Provides Loan US$300M for Indonesia’s Tourism Projects

JAKARTA (TheInsiderStories) - World Bank will provide loans US$300 million for Indonesia Tourism Development Projects (ITDP) across the archipelago, said one government official in a written statement this week. The Public Works and Housing Ministry as...

Opposition Camp Requests Clarification on Indonesia’s Voters Data

JAKARTA (TheInsiderStories) - The opposition camp requested clarification on the Indonesia's Home Affairs Ministry’s disclosure that at 31 million of eligible voters had not been registered. The complained has been submitted by the national winning team...

Morning Briefing: Ruling Coalition Under Probe for Campaign Early Start

JAKARTA (TheInsiderStories) - Good morning. The ruling coalition is under hot water for putting a newspaper advertisement, which is not yet allowed as per campaign regulation. The advertisement, displayed in a national newspaper, showed the ruling...

Indonesia’s Electric Car Regulation Releases Soon

JAKARTA (TheinsiderStories) - Indonesia's Ministry of Industry has completed an assessment of the planned presidential decree on electric car as part of government move to boost the use of green energy utilization in the country and...