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Nervous ECB’s Draghi Urges Low Post-QE Rate

JAKARTA (TheInsiderStories) - European Central Bank (ECB) President Mario Draghi has called on authorities to keep the interest rate at its current 0 per cent level to anchor expectations – even after the central bank decides...

President Widodo’s 3rd Year: His Ambitions Face Tough Reality

JAKARTA (TheInsiderStories) - Soon after assuming the highest office in the land, President Joko Widodo got a brutal lesson in economic reality, learning the hard way that Indonesia's economic prospects are inexorably bound up with the...

President Widodo’s 3rd Year: Taking Aim at Land Transport Upgrades

JAKARTA (TheInsiderStories) - The development of projects such as the Jakarta-Bandung fast train, Jabodetabek and South Sumatra Light Rail Transit, as well as Mass Rapid Transit and Bus Rapid Transit in Jakarta over the last three years...

President Widodo’s 3rd Year: Freeport Proofs of Government Negotiation Toughness

JAKARTA (TheInsiderStories) - The Indonesian government and U.S mining giant Freeport-McMoRan Inc. are still facing off, far apart on a mutually-agreeable deal with contract renegotiation ongoing. Likely caving in to external pressure, the government has agreed to...

Daily Business Briefing – Oct. 13

JAKARTA (TheInsiderStories) – Good morning; here we provide several pieces of important news that might help your business decisions today: Government Seeks Job Access for Indonesians in Australia The government is negotiating for ways to expedite employment...

U.S Fed Split on Inflation, but See Third Rate Hike ‘Warranted’

JAKARTA (TheInsiderStories) -  Policymakers at the U.S Federal Reserve were split on the prospect of inflation, but largely in agreement on the likelihood of a third rate hike later this year, according to minutes of...

IMF Waves Red Flag on World’s Top Lenders

JAKARTA (TheInsiderStories) - The International Monetary Fund has warned that nine of the world's largest banks, considered systematically critical, may struggle to maintain profitability in an ominous new global economic environment. According to IMF's ‘Global Financial...

President Widodo’s 3rd Year: Indonesian Logistics Performance Improves

JAKARTA (TheInsiderStories) – Over the last three years, the government, under President Joko Widodo has expressed its efforts to tackle the issue of stubborn inefficiency in logistics, long haunting the country. That includes the establishment...

SMI to Issue US$369 Million Bond in November

JAKARTA (TheInsiderStories) - Indonesian PT Sarana Multi Infrastruktur (SMI) has started book-building process for the planned issuance of Rp5 trillion (US$369 million) worth of 1-year, 3-year and 5-year bonds to support the national infrastructure financing needs. The State-owned...

Daily Business Briefing – Oct. 12

JAKARTA (TheInsiderStories) – Good morning; here we provide several pieces of important news that might help your business decisions today: Sarulla Geothermal Second Unit Starts Operation The second unit of the Sarulla Geothermal Power Plant in Tapanuli, North...