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Desk Editor

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Moody’s Assigns Ba2 Rating to WIKA’s Senior Bond

JAKARTA (TheInsiderStories) – Moody's Investors Service has assigned a Ba2 rating to PT Wijaya Karya Tbk's (IDX:WIKA) proposed Indonesian rupiah-denominated, senior unsecured bond. The rating outlook is 'stable'. The Ba2 bond rating is in line with...

Indonesia Posts Trade Surplus $11.8b in 2017

JAKARTA (TheInsiderStories) – Indonesia recorded accumulative exports of US$168.73 billion in 2017 and imports of US$156.89 billion, resulting in trade surplus of $11.84 billion, the highest in five years,  Statistic Bureau data showed on Monday (15/1). The...

Bambang Soesatyo Appointed as Speaker of the House

JAKARTA (TheInsiderStories) – Indonesian largest party Golongan Karya (Golkar) has appointed Bambang Soesatyo as the Speaker of the House Representatives replacing Setya Novanto who was indicted in a US$170 million corruption scandal late last...

Investment Sharing Creates International Port Class

JAKARTA (TheInsiderStories) – Economies of scale are vitally important in the maritime transportation business; sharing of investment among port operators is becoming a norm. Investments are expected to upgrade operations and make them more efficient. The...

Indonesia Industrial Investment Hits US$21.6B in 2017

JAKARTA (TheInsiderStories) – The government has announced that the realized investment in industrial sector in 2017 reached US$21.6 billion with total 256 projects, showing the greatest investment level, Minister of Industry Airlangga Hartarto said. Overall, new...

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...