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National Priority Projects Still Far from Completion

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has set an ambitious target to bring infrastructure development as the backbone of the domestic economy. Yet, the completion of several Indonesia high-level infrastructure projects is still far...

Indonesia Trade Surplus Drops in November as Imports Surge

JAKARTA (TheInsiderStories) - Indonesia’s trade surplus drops to US$130 million in November from $900 million in previous month as imports grew higher than market expectations. Both exports and imports posted double-digit growth in the...

GO-JEK Acquires Three Fintech Firms to Strengthen GO-PAY Businesses

Cementing Leadership in Indonesia's Fast Growing Payments Market JAKARTA (TheInsiderStories) - GO-JEK,Indonesia’s mobile on-demand services and payment platform, has acquired three leading financial technology (fintech) businesses in order to reinforce its leadership in internet payment protocol. The unicorn,...

Moody’s: Banking systems in Asia Pacific show stable outlook, but challenges apparent

Singapore -- Moody's Investors Service says that the banking systems in Asia Pacific overall show a stable outlook for 2018, but challenges are apparent in terms of long-term risks related to the high level of private-sector leverage. "Solvency...

Daily Business Briefs – Dec. 15

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Yellen Sees Bitcoin Assets Are Highly Speculative The Federal Reserve Chairwoman Janet Yellen sees that the crypto currency is one...

ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company, said the central banks on Dec. 14. The Banks also...

The Fed Rates Hike 0.25%, Signals Three More in 2018

JAKARTA (TheInsiderStories) - U.S's Federal Reserves raising the interest rates by a quarter point to 1.5% for the third time this year and foresees three additional hikes in 2018, said the chairwoman on Dec. 13. The Federal...

Industry Review: Indonesia Catching Up with Renewable Energy Development

JAKARTA (TheInsiderStories) - Indonesia has so far been moving at a snail’s growth in the development of renewable energy, for various reasons. However, this could change in the next few years, as Indonesia is...

Hary Tanoe Requests IDX to Halt MNCN Stocks Trading

JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange (IDX) to temporarily suspended PT Media Nusantara Citra Tbk (IDX:MNCN) shares trading...

World Bank Sees Indonesia GDP to Accelerate by 5.3% in 2018

JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger domestic and external demand. This trend should carry on through...