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Monday, January 22, 2018
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Elisa Valenta

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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...

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...

Government to Finalize Tax Rule on Transfer Pricing

JAKARTA (TheInsiderStories) – Indonesia has revised its tax rules for transfer pricing documentation to conform to global standards and curb tax avoidance, in the hope of optimizing state revenue. This will require companies with overseas subsidiaries and domestic...

Morning Briefs – Jan 19

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Google, Temasek Coming in as New Investors in Go-Jek: Sources Google, Singapore state investor Temasek Holdings and Chinese online...

China’s Economy Grew 6.9% in 2017

JAKARTA (TheInsiderStories) – China’s economy grew 6.9 per cent in 2017, the fastest since 2015 even as policymakers made headway towards curbing financial risk from excessive debt growth, the country's statistics bureau said on...

Indonesia Receives US$112M Dividend from Freeport

JAKARTA (TheInsiderStories) – The Government of Indonesia has received a Rp1.4 trillion (approx. US$112 million) payout from PT Freeport Indonesia, a subsidiary of US-based Freeport McMoRan Inc. (NYSE: FCX), as a dividend payment for 2017. This becomes the first...

JCI Closes Higher, Unaffected by Floor Collapse

JAKARTA (TheInsiderStories) – Jakarta Composite Index (JCI) closed up 12.130 points (0.19 percent) to 6,382.195 on Monday's (15/1) trading after a mezzanine floor inside the Jakarta Stock Exchange tower collapsed, injuring more than 50 people...

Moody’s Assigns Ba2 Rating to WIKA’s Senior Bond

JAKARTA (TheInsiderStories) – Moody's Investors Service has assigned a Ba2 rating to PT Wijaya Karya Tbk's (IDX:WIKA) proposed Indonesian rupiah-denominated, senior unsecured bond. The rating outlook is 'stable'. The Ba2 bond rating is in line with...