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Desk Editor Insider

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Indonesian Port Operators Spending Surges to US$2.59B

JAKARTA (TheInsiderStories) - Four state-owned port operators, PT Pelabuhan Indonesia I (Pelindo I), Pelindo II, Pelindo III and Pelindo IV preparede capital expenditure Rp34.5 trillion (US$2.59 billion) this year, surged four times from Rp8.81 trillion in...

Garuda Looking at US$ 4.9 billion Revenue this Year

JAKARTA (TheInsiderStories) – State-owned flag carrier PT Garuda Indonesia Tbk. Persero (IDX: GIAA) has set a moderate growth target this year after being hit by severe financial losses in 2017, the result of a tax amnesty and hefty...

Morning Briefs – Jan 23

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Taspen Will Increase Direct Investment in Infrastructure Projects State pension fund company PT Taspen (Persero) raised its direct investment...

IMF Raises Global Economic Forecast, Citing Impact of U.S Tax Cuts

DAVOS (TheInsiderStories) - The International Monetary Fund's (IMF) World Economic Outlook, released on Monday, says tax cuts in the United States will improve U.S. investment and help its trading partners. In Davos, the Washington-based IMF revised...

Standard Chartered Jumps into Fintech

JAKARTA (TheInsiderStories) – Standard Charterd (StanChart) has set up a new unit aimed at investing innovation within the bank and investing in disruptive technologies, according to CEO StanChart Indonesia Rino Donosepoetro. A new 'SC Ventures' unit will collaborate...

JCI Breaks New Record at 6500

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 9.63 points (0.14 percent) to 6,500 after moving between 6,484-6,529 on Monday (22/1). The composite index's level at closing has surpassed the previous record-high level...

Indonesia’s FSA Cuts Margin Hedging Transactions by 10%

JAKARTA (TheInsiderStories) – The Financial Services Authority (FSA) plans to issue a regulation on currency hedging, the intention of which is to extend protection to investors in the stock market against any decline of the Rupiah. Chairman...

President Wants Fast Completion of Lampung-Palembang Toll Road

JAKARTA (TheInsiderStories) - President Joko Widodo calls on the developers of the 140.9-kilometers of Bakauheni-Palembang toll road to be completed before the Asian Games in the middle of this year. The President made the...

Morning Briefs – Jan 22

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Jakarta-Surabaya Speed Train Recommendation To Be Issued in March Transportation Minister Budi Karya said his ministry expects to issue a...

Waskita Obtains Loan US$75M to Build Salatiga-Kartasura Toll Road

JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund 32 kilo meters Salatiga-Kartasura toll road in Central Java. The syndicated...