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Monday, May 21, 2018
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Elisa Valenta

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Industry 4.0: Carry Out Effectiveness in Automotive Sector

JAKARTA (TheInsiderStories) - In the light of fourth industrial revolution era Ministry of Industry of Indonesia has laid out five sectors in which implementation of Industry 4.0 technology will be enhanced. These sectors are chosen...

Govt Aims 5.8% GDP Growth in 2019

JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said on Friday (18/5) the government had set the target of economic growth in 2019 in the range of 5.4 per cent to 5.8 per cent,...

Prosecutors Demand Death Penalty for IS Terrorist

JAKARTA (TheInsiderStories) - Indonesian prosecutors asked on Friday (18/5) the panel of judges at the South Jakarta public court to hand down a death penalty for Aman Abdurrahman, the alleged spiritual leader of Jamaah Ansharud...

BI Raises Interest Rate as Response to Currency Shock

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets, BI...

PayPal Joins Indonesia’s Alpha to Invest US$5M in Fintech Funding

JAKARTA (TheInsiderStories) - Indonesia's venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) to invest up to US$5.0 million in participants...

Jakarta Govt to Divest Stake in Delta Djakarta

JAKARTA (TheInsiderStories)- The provincial government of Jakarta will divest its entire 26.25 per cent stake in beer maker and distributor PT Delta Djakarta Tbk, Governor Anies Baswesdan said on Wednesday (16/5). Baswedan said the divestment is expected to fetch some...

Indonesia’s Sociolla Bags US$12M Funding from EV Growth

JAKARTA (TheInsiderStories) - Indonesian beauty e-commerce and social platform Sociolla, has announced that it is closing a major funding of US$12 million, led by EV Growth. Participating in the round as well are istyle Inc. and...

Terrorist Attacks May Hurt Indonesia’s Tourism Goal

JAKARTA (TheInsiderStories) - A spat of terrorist attacks that rocked the nation since Sunday (13/5) may hurt the Indonesian government to record 17 million tourist visits this year. Twelve countries, including the United States, United...

Is Indonesia’s Tumble a Red Wave to Investors?

JAKARTA (TheInsiderStories) -- The drop of Indonesian rupiah to record low at Rp14.100 per US dollar, the lowest in nearly two and half years after the release of the country's trade deficit on Tuesday...

Japan’s Economy Shrinks for the First Time Since 2016

JAKARTA (TheInsiderStories) - Japan's gross domestic product contracted at an annualized rate of 0.6 per cent in the first quarter of 2018, according to government data published Wednesday. The world’s third-largest economy shrank at an annualized...