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Tuesday, July 17, 2018
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Desk Editor

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Garuda Indonesia Pay Off Bond US$140M

JAKARTA (TheInsiderStories) - Public listed airline operator PT Garuda Indonesia Tbk (IDX: GIAA) announced to redeem its rupiah denominated bond worth Rp2 trillion (US$139.86 million), its CEO Pahala N. Mansury said in a press...

S&P: Indonesia’s PGAS Ratings Placed On Watch Negative On Proposed Acquisition Of Pertagas

JAKARTA (TheInsiderStories) - Indonesian publicly listed PT Perusahaan Gas Negara Tbk's (IDX: PGAS) proposed acquisition of a 51 percent stake in PT Pertamina Gas (Pertagas), a unit of state-owned energy producer PT Pertamina could...

Company Review: Oldest Taxi Operator Transform Its Business Model

JAKARTA (TheInsiderStories) – One of taxi operator in Indonesia PT Express Transindo Utama Tbk (IDX: TAXI) has announced to transform its business model prior to intensive competition coming from online transportation such us GO-JEK and...

Moody’s Confirms Matahari’s B3 CFR, Will Withdraw the Rating

Singapore -- Moody's Investors Service has today confirmed Matahari Putra Prima Tbk (P.T.)'s (MPPA) corporate family rating (CFR) at B3. The rating action concludes Moody's review for downgrade initiated on 5 April 2018. The...

Singapore Star Energy Belongs to Indonesia’s Barito

JAKARTA (TheInsiderStories) - In the coming day, Star Energy Group Holdings Pte. Ltd., the largest geothermal power producer in Indonesia, majority stake will belongs to local conglomeration company PT Barito Pacific Tbk (IDX: BRPT). The...

Indonesia Lippo, China Merchants to Operates First Hospital in Shanghai

JAKARTA (TheInsiderStories) - OUE Lippo Healthcare (OUELH), unit of Indonesian conglomeration firm Lippo Group and China Merchants Group (CMG) has entered into an agreement with China Changjiang National Shipping Group Co., to establish a joint...

Market Review: IDX New Leaders Should Be Able To Lift Investor Trusts

JAKARTA (TheInsiderStories) – Indonesia Stock Exchange’s (IDX) new president director Inarno Djajadi faces challenge to bring more companies and investors into the local market. The former commissioner of IDX was appointed by the Financial...

Indonesia To Launch New Version of One Roof Investment Service

JAKARTA (TheInsiderStories) - President Republic of Indonesia Joko Widodo will launch a new version of investment services "Online Single Submission" (OSS) this week, a delay from the initial schedule of April 2018, said one senior...

Indonesia’s Bukopin to Sell 21% Stake to Foreign Investor

JAKARTA (TheInsiderStories) - Indonesian medium lender, PT Bank Bukopin Tbk (IDX: BBKP) will sale 21 percent of its stake to the foreign strategic investor, through a right issue, Eko R. Gindo, its CEO told...

Indonesia Freezes Pertamina Deal With National Iranian Oil

JAKARTA (TheInsiderStories) - Indonesia’s government decided to freeze the state-owned energy producer PT Pertamina’s deal to operate the Mansouri oil field in Iran over because it wanted to preserve the country’s relationship with the United States,...