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Fauzul Muna

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Before joining The Insider Stories as an editor, Muna was a journalist for macroeconomics and energy at Bisnis Indonesia. She received a Master of Science in International Development from The University of Manchester and bachelor degree in Social Development and Welfare from Universitas Gadjah Mada.

Indonesia to Stop Import Oil to Stabilise Rupiah

JAKARTA (TheInsiderStories)--Indonesian President Joko Widodo instructed PT Pertamina to buy all domestic oil production at market prices in order to maintain current account deficit (CAD) and stabilise rupiah against US dollar. Indonesia produces around 740,000 to...

Bank Indonesia Raise Interest Rate to 5.5%

JAKARTA (TheInsiderStories)--Bank Indonesia raised its benchmark seven-day reverse repo rate by 25 basis points to 5.5 percent amid global and domestic economic pressure, said BI's governor Perry Warjiyo said on Wednesday (15/8). The Indonesian Central Bank...

Indonesia Posts Worst Trade Deficit in Five Years at $2B in July 2018

JAKARTA (TheInsiderStories)--Indonesia recorded a widening trade deficit to US$2.03 billion in July 2018, the worst since July 2013, due to soaring consumer goods imports, Central Statistics Agency reported on Wednesday (15/8). It worsened than trade...

Indonesia to Stop Importing Over than 500 Items to Stabilise Rupiah

JAKARTA (TheInsiderStories)--Indonesian government will stop importing 500 items for six months in order to stabilise Rupiah against US dollar. Government also considered to give an incentive for exporters to bring their revenues to the...

Indonesian Government to Evaluate Export Proceeds Tax

JAKARTA (TheInsiderStories)--Indonesian government will evaluate income tax for export proceeds as an attempt to stabilize rupiah exchange rate against US dollar, said Minister of Finance Sri Mulyani on Tuesday (14/8). Mulyani instructed Director General of Taxation and Fiscal...

Indonesia’s Andira Agro Eyes $6.8M from IPO

JAKARTA (TheInsiderStories)--Indonesian palm oil company PT Andira Agro Tbk eyes Rp100 billion (US$6.83 million) from initial public offering (IPO) in August 2018. Andira Agro will offer 500 million shares and set a price at Rp200...

Indonesia Records Weak Investment of $12B in Q2/2018

JAKARTA (TheInsiderStories)—Indonesia recorded weak investment realization of Rp176.3 trillion (US$12.055 billion) in the second quarter of this year, Investment Coordinating Board reported on Tuesday (14/08). It decelerated 4.9 percent from Rp185.3 trillion (US$12.67 billion) in...

JCI Worst Performer in Asia

JAKARTA (TheInsiderStories)--The Jakarta Composite Index (JCI) fell the most among Asia Pacific markets today (13/8) driven by Turkey crisis and widening current account deficit (CAD). On Monday (13/08), JCI closed down 3.29 percent or 200.13...

Indonesian Rupiah Hits Lowest Since 2015 due to Turkey Crisis

JAKARTA (TheInsiderStories)--Rupiah hit the lowest level since 2015 as fears over the looming economic crisis in Turkey spreads to other emerging economies. Rupiah weakened 0.97 percent at Rp14.610 per US$1 at 12.02 WIB, the lowest...

Indonesia’s KoinWorks Raises $22.5M in Series A Financing

JAKARTA (TheInsiderStories)--Indonesia's Peer to Peer (P2P) Fintech Lending KoinWorks announced its Series A funding round of US$22.5 million led by Mandiri Capital Indonesia. CO-Founder & Chairman of KoinWorks Willy Arifin said on Monday (13/8) in a...