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Desk Editor Insider

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R & I Upgrades Indonesia’s Sovereign Rating to BBB

JAKARTA (TheInsiderStories) - Japanese-based Rating and Investment Information, Inc. (R & I) has raised the Sovereign Credit Rating (SCR) of the Republic of Indonesia from 'BBB-' with Positive Outlook to 'BBB' with Outlook Stable...

Indonesian Dairy Industry Sets for Exponential Growth in 2018

JAKARTA (TheInsiderStories) - Indonesian dairy industry is set for exponential growth this year due to significant shifts in how Indonesian consumers view health and lifestyle. Indonesia’s dairy industry and dairy products industry is undergoing a...

Kimia Farma Expands Business to Saudi Arabia

JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million) to strengthen its business operations in the Middle Eastern market. "Kimia Farma`s capital...

President: Complete Freeport Shares Divestment by April

JAKARTA (TheInsiderStories) – The negotiations over the 51 per cent divestment of PT Freeport Indonesia shares continued to drag on. Given this situation, President Joko Widodo has ordered his cabinet ministers to finalize the...

Policy Review: Fintech and Accusation as ‘Modern Loan Shark’

JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The majority of Indonesians don’t have the financial freedom to purchase...

Policy Review: EMR Revokes Rulings, Permits to Boost Investment

JAKARTA (TheInsiderStories) – The Energy and Mineral Resources (EMR) Ministry has revoked as many as 90 regulations as well as 96 certifications, recommendations and permits which are considered overlapping, irrelevant or contra-productive with the...

Changi Airport Service Charge May Redirect Tourists to Indonesia

JAKARTA (TheInsiderStories) - Indonesian government is eager to grab potential redirection of tourists from Singapore following the new regulation of Changi Airport Operator's regulation to raise passenger service charge by the 1st of July this year. According...

GMF to Raise Funds through Private Placement

JAKARTA (TheInsiderStories) - PT Garuda Maintenance Facility AeroAsia Tbk (IDX:GMFI), the country's largest aircraft maintenance, repair and overhaul provider, has secured approval from shareholders on Tuesday (06/03) to offer new shares for sale through...
TIS - Intelligence - Regulating a Ride-Hailing Business Constructively and Effectively

Regulating a Ride-Hailing Business Constructively and Effectively

by Henry BL Toruan, PHD Ride-hailing’ (also known as ‘ride-sharing’) platforms connect drivers and vehicles with consumers who need transport, at an agreed price. Typically, a customer uses an app on her smartphone to request...

Indonesia’s Go-Jek Considers Dual Listing

JAKARTA (TheInsiderStories) - Indonesian ride-hailing service, Go-Jek, is considering an Initial Public Offering (IPO) with a dual-listing scheme in Indonesia and at an overseas stock market, according to President Andre Soelistyo. "Eventually, we will launch an IPO," Soelistyo...