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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.

Chevron Indonesia Cuts IDD’s Investment to $6B

JAKARTA (TheInsiderStories)--Deputy Energy and Mineral Resources Minister (MEMR) Arcandra Tahar said the oil & gas producer PT Chevron Pacific Indonesia cut the investment estimates for Indonesia Deepwater Development (IDD) to US$6 billion from initially...

Indonesia Wins Palm Oil Ads Lawsuit in France

JAKARTA (TheInsiderStories)—Indonesian government won a legal challenge against an advertisment over Indonesian palm oil advertisement in Lyon, France. Indonesian Trade Promotion Center (ITPC) in Lyon published an advertisement with information 'L'huile de palme Indonésienne est...

Indonesia’s Lippo Invests $44M in Tencent

JAKARTA (TheInsiderStories)—Indonesia's real estate company Lippo Group invested US$44 million in Chinese giant internet company Tencent Holdings Ltd. through shares and equity-linked notes. In a statement cited by Reuters, Lippo said the investment would be...

Indonesia-Japan to Sign Loan Agreement of $1.8B for MRT Project

JAKARTA (TheInsiderStories)— Indonesia and Japan will sign a loan agreement of Rp25.6 trillion (US$1.80 billion) for financing the mass rapid transit (MRT) project phase II in the early July, President Director of PT MRT...

Japan Explores Possibility to Turn Indonesia into Manufacturing Hub

JAKARTA (TheInsiderStories)—Indonesia and Japan agreed to explore the possibility of developing Indonesia as a manufacturing base for Japanese companies. Indonesia’s Foreign Affairs Minister Retno Marsudi dan Japan’s Foreign Affairs Minister Taro Kono has held the...

Surprise in Indonesia’s Trade Balance Pushes Rupiah, JCI to Red Zone

JAKARTA (TheInsiderStories)--Surprise in the trade balance in May 2018 that reached US$1.52 billion pushed the Rupiah and Jakarta Composite Index (JCI) to the lower level. The trade deficit in May was lower than April 2018...

IDX Suspends Indonesia’s Express Trading on Failure to Pay Bonds Interest

JAKARTA (TheInsiderStories)— The Indonesia Stock Exchange (IDX) suspended trading of the taxi company PT Express Transindo Utama Tbk (IDX: TAXI) share as the company is late to pay bonds interest. “IDX decided to temporarily suspend...

Freeport Seeks Extension to Temporary Mining License

JAKARTA (TheInsiderStories)—Executive Vice President PT Freeport Indonesia Tony Wenas on Friday (22/06) said the company has proposed an extension of the temporary special mining business license to the Ministry of Energy and Mineral Resources...

Indonesia Cuts SMEs Income Tax to 0.5%

JAKARTA (TheInsiderStories)—Indonesia’s President Joko Widodo has released the Government Regulation 23/2018 on the reducing the small medium enterprises (SMEs) income tax rate to 0.5 per cent from currently 1 per cent, he said on Friday (22/06). The...

Terrorist Aman Abdurrahman Gets Death Penalty

JAKARTA (TheInsiderStories)—The South Jakarta District Court Judges handed down a death sentence to Oman Rachman alias Aman Abdurrahman alias Abu Sulaiman for being found guilty in the case of Sarinah bombs, Samarinda church bombings,...