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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.

Oil Price Spike Poses a Dilemma for Indonesia

JAKARTA (TheInsiderStories)- Rising oil price will bring positive impact to the oil and gas investment and higher state revenue, but on the other hand, it could increase subsidy spending. International oil prices surged into the...

WIKA Realty Postpones IPO

JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to market condition. Wika Realty has sent a letter to postpone the...

Market Update: BI Needs Further Rate Hike to Stabilize Rupiah

JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest rate by 25 basis point (bps) to 4.50 per cent...

State Losses from Bank Mandiri Fraud Reaches US$129M

JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan to PT Tirta Amarta Bottling (TAB). The Agency representative on Monday...

Mayapada to Raise US$351M via Sub-debts, Rights

JAKARTA (TheInsiderStories)--PT Bank Mayapada International Tbk (MAYA) plans to raise a fund of Rp4 trillion (US$281.543 million) to Rp5 trillion (US$351.929 million) by issuing subordinate bonds and new shares. The company targets Rp2 trillion (US$140.732...

Rupiah Weakens Over Current Account Deficit Concerns

JAKARTA (TheInsiderStories)—The rise of Bank Indonesia’s (BI) interest rate by 25 basis points (bps) to 4.50 per cent was unable to hold rupiah weakening, as investors are more concerned with Indonesia’s current account deficit. Bank...

Industry 4.0: Lessons to Learn Beyond Cheap Labor in Textile Industry

JAKARTA (TheInsiderStories)—Indonesia has always factored its cheap labor as the main driver in its efforts of generating investments into its textile industry. So much it has been hyped that it has seemingly made the...

Indonesia-India Cooperate to Balance China’s Belt & Road

JAKARTA (TheInsiderStories)--Indonesia and India agreed to cooperate in the maritime sector to balance China's Belt and Road Initiative (BRI). The preliminary talks on the agreement took place during a visit by the Coordinating Minister for...

Indonesia’s Sritex Issues US$25M Global MTN

JAKARTA (TheInsiderStories)--Publicly listed textile company PT Sri Rejeki Isman Tbk (IDX: SRIL) also known Sritex issues global medium-term note (MTN) with principal amount of US$25 million on this month. In announcement at the Indonesian Central...

IDX Launches New Stock Indexes

JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) launched three new stock indexes on Thursday (17/05) as an alternative reference for investors and traders in the market. It includes IDX High Dividend 20 that groups 20 publicly-listed...