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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.

Election to Drive Indonesia’s Manufacturing Sectors

JAKARTA (TheInsiderStories)—Industry Minister Airlangga Hartarto on Tuesday (19/08) expressed confidence that the election will drive manufacturing activities that eventually boost economic growth in the third quarter of 2018. The manufacturing sectors that will be positively affected by-elections are...

ABD Approves US$1B Loan to Indonesia

JAKARTA (TheInsiderStories)—Board of Directors of Asian Development Bank (ADB) approved two policy-based loans to Indonesia amounting US$1 billion. The loan is intended to push fiscal reform and government spending, as well as encourage investment in...

JCI, Rupiah Ends Lower in Last Trading Before Long Holiday

JAKARTA (TheInsiderStories)—Jakarta Composite Index (JCI) and rupiah are closed lower in the last trading before one-week Eid Fitr holiday. JCI closed at 5,993.63, down 1.85 per cent or 113.07 points, while rupiah weakened 57 points...

IDX Suspends Bakrie & Brothers Stock Trading

JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) suspended trading of PT Bakrie & Brothers Tbk (IDX: BNBR) shares as its price fell significantly. BNBR stock opened at Rp159 per share in the opening trading today (7/06),...

Industry Minister Asks US$185M Additional Budget for Industry 4.0

JAKARTA (TheInsiderStories)—Industry Minister Airlangga Hartarto proposed for an additional US$185,2 million (Rp2.57 trillion) in the 2019 state budget to support the government's program on fourth industrial revolution (Industry 4.0). Hartarto in a press release on...

Oil Price Falls due to Oversupply Fears

JAKARTA (TheInsiderStories)--Oil prices fell on Wednesday (06/06) trading over concerns of rising global supplies after US inventories rose unexpectedly, as well as Saudi Arabia and other major producers hinted at plans to increase production. West...

Deposit Insurance Corporation Raises Guarantee Interest Rate

JAKARTA (TheInsiderStories)--The Deposit Insurance Corporation raised the guarantee interest rate to respond the Bank Indonesia's move that adjusted 7 days repo rate by 50 basis points to 4.75 per cent. The guarantee interest rate for...

World Bank Cuts Indonesia’s Growth Forecast to 5.2%

JAKARTA (TheInsiderStories)—The World Bank revised down the projection of Indonesia's economic growth to 5.2 per cent from an initial forecast of 5.3 per cent, citing volatility in global financial markets and disruptions to international...

Indonesia’s PLN Issues US$5B Mid-Term Bonds

JAKARTA (TheInsiderStories)—Indonesia's state-owned power company PT Perusahaan Listrik Negara (Persero) issued mid-term bonds worth US$5 billion. Linklaters acts as international counsel for PLN on its US$5 billion Global Medium Term Note Program establishment, US$2 billion...

Policy Update: Indonesia Will Raises Diesel Subsidy in 2019

JAKARTA (TheInsiderStories)—Indonesian government will raise diesel subsidy from Rp500 per liter to Rp2,000 per liter in 2018's State budget to support people’s purchasing power and save the state-owned energy company PT Pertamina financial performance,...