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Desk Editor

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Fisheries Export Rises Amid Controversial Ship-Sinking Policy

JAKARTA (TheInsiderStories) –The growth of export value of marine and fishery products became one of the main concerns of the President Joko Widodo's administration. Based on Indonesia Statistics in the period of January - November...

Government to Probe US$26.2 billion in Unallocated Investment Funds

JAKARTA (TheInsiderStories) – The Indonesian government is stymied by incomplete disbursement of funds for investment, a serious drawback in Southeast Asia’s largest economy. In fact, many investors still have to realize their commitment. From 2010 to...

WIKA to Secure US$700 Million Loan From CDB

JAKARTA (TheInsiderStories) – State-owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has submitted a proposal for a US$700 million loan to China Development Bank (CDB), related to funding the construction of Indonesia-China high-speed railway connecting Jakarta and Bandung, West...

Eko Gindo Named as Bank Bukopin President Director

JAKARTA (TheInsiderStories) – Eko Rachmansyah Gindo was named as new President Director of local lender PT Bank Bukopin Tbk (IDX:BBKP), replacing Glen Glenardi who has tendered his resignation on Jan. 2, 2018. Before appointed to...

KAI to Issue Rp2 Trillion Bond to Purchase New Train Cars

JAKARTA (TheInsiderStories) - State-owned railway operator PT Kereta Api Indonesia (KAI) plans to generate Rp2 trillion (US$140 million) from its second corporate bond issuance, as it seeks a sizeable amount of funds for the replacement...

Fitch Gives ‘AA(idn)’ Rating on Mayora’s Bond

JAKARTA (TheInsiderStories) – Fitch Ratings Indonesia has issued the 'AA(idn)' National Long-Term Rating on PT Mayora Indah Tbk's (AA(idn)/Stable) Rp2 trillion bond program. At the same time, the agency has also assigned a 'AA(idn)' rating on...

Indonesia to Build High Speed Train Factory in Banyuwangi

JAKARTA (TheInsiderStories) - State-owned rolling stock manufacturing company PT Industri Kereta Api (INKA) is set to build a new factory in Banyuwangi, East Java to produce high-speed train cars this year. Current market developments impel the...