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Awaiting President Widodo’s Final Cabinet Reshuffle

JAKARTA (TheInsiderStories) – President Joko Widodo may appoint a new Minister for Social Affairs, replacing Khofifah Indar Parawangsa, who has reportedly tendered her resignation after deciding to run for East Java governor in this...

Indonesia, Japan Agree to Beef Up Cooperation in Maritime Area

JAKARTA (TheInsiderStories) – The Indonesian and Japanese governments have reached an agreement to strengthen cooperation in maritime-related sectors, marking the 60th anniversary of the two countries diplomatic relations. The Coordinating Ministry for Maritime Affairs said...

Dubai Port, Pelindo III Terminates Strategic Partnership in TPS

JAKARTA (TheInsiderStories) – PT Pelabuhan Indonesia III (Pelindo III), a state-owned port operator and DP World Limited (Dubai Port) agreed to sign a conditional sale and purchase agreement (CSPA) for 49 per cent shares...

Government to Create New Fiscal Incentives to Attract Investors

JAKARTA (TheInsiderStories) — The Indonesian government is considering ways to offer novel fiscal incentives to investors, as those provided earlier appear to have failed to attract much interest on the part of investors and other...

Morning Briefs – Jan. 11

JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: KML Food to List Shares in IDX PT Kelola Mina Laut (KML Food), a fast food processed seafood company, is...

Emtek Seeks US$362 Million from Rights Issue

JAKARTA (TheInsiderStories) - Indonesian media group, PT Elang Mahkota Technology Tbk (IDX: EMTK), hoping to get fresh funds of around Rp 4.86 trillion (US$362.69 million) from the issuance of 564 million new shares or...

The Rise of Sharing Economy, Bright Moment for Big Data Centers

JAKARTA (TheInsiderStories) - The emergence of a number of regulations in various sectors of economic activity over the last ten years requiring companies operating in Indonesia to store data in the country has encouraged...

Indonesia Expanding Gas Pipeline Network, Pipe Producers to Benefit

JAKARTA (TheInsiderStories) - As a move to increase domestic usage of natural gas, the Downstream Oil & gas Regulatory Body, will tender out three gas pipelines in 2018, with a combined length of 1,667...

Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth...

Current Slack in Global Economy Expected to Fade WASHINGTON — The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing,...

Moody’s: Asian Liquidity Stress Indicator improves

Falls to 26.2% in Dec 2017 from 26.4% in Nov and 30.3% at end-2016 Singapore -- Moody's Investors Service says that its Asian Liquidity Stress Indicator (LSI) fell to 26.2% in December 2017 from 26.4% in November...