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Jakarta
Thursday, January 17, 2019
Jakarta (TheInsiderStories) -- In a limited meeting in the President office, Joko Widodo decided the Batam Indonesia Free Zone Authority (BIFZA) will manage by the regional government to remove the dualism in Batam Island, Riau. For years, the agency under State government control. "President and Vice President decided to remove the...
JAKARTA (TheInsiderStories) - Indonesian central bank (BI) plans to issue short-term Sharia bond as a new monetary instrument and to support Islamic financial markets, said the governor today (12/12). Several central banks abroad like Malaysia, Bahrain, and Jordan already utilize these instruments for monetary instrument. Currently, the central bank already own such...
JAKARTA (TheInsiderStories) - Good morning! The 27 leaders of European Union (EU) finally endorsed United Kingdom’s (UK) withdrawal yesterday. But this does not mean that England steps is easy to officially attain Brexit. The country still needs House of Commons approval, which some of the parliament members firmly rejected. UK is scheduled...
JAKARTA (TheInsiderStories) - The United States (US) economy continued its strong run into the third quarter (3Q) propelled by personal consumption expenditures (PCE), private inventory investment, state and local government spending, federal government spending, and nonresidential fixed investment The real gross domestic product (GDP) increased at an annual rate of 3.5 percent...
JAKARTA (TheInsiderStories) - Ahead of the 2019 Presidential Election, the government suddenly made a new program, namely district funds. This program was announced directly by President Joko Widodo, during a working visit in Bali on Oct. 19, 2018. "Starting next year, there is a district budget," said Widodo, by added,...
JAKARTA (TheInsiderStories) - Shares of Lippo Group companies would see some pressures also after reports that some of its key executives were arrested on bribery charges related to the construction of mega project Meikarta and its unit PT First Media Tbk (IDX: KBLV). The arrest would raise further doubts of the viability...
JAKARTA (TheInsiderStories) - Global investment firm KKR & Co. global investment company L.P. has increased it share ownership in the local food producer PT Nippon Indosari Corpindo Tbk (IDX: ROTI). The action to increase share ownership was carried out through Singapore's investment company Demeter Indo Investment Pte. Ltd. Citing on information...
JAKARTA (TheInsiderStories) –Finance Minister Sri Mulyani Indrawati has called for united efforts among all business players and the government to strengthen Indonesian economy amid mounting global pressures caused by hawkish move of the Us Federal Reserve and the trade war being waged by US President Donald Trump. Strongly felt in the...
JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly to distribution problems. The use of B20 is aimed to reduce import of oil fuel, which is seen as the main factor causing the current...
JAKARTA (TheInsiderStories) – The House of Representatives’ Commission-XI, which is in charge of state budget, has approved the macroeconomic assumptions in the 2019 state budget with economic growth being targeted at 5.3 percent and inflation at 3.5 percent. During the hearing with the House’s state budget commission led by Commission-XI Chairman Melchias...

Latest article

Brexit Update: Economic and Political Implications

JAKARTA (TheInsiderStories) - As expected, the lack of political consensus on what Brexit means for the United Kingdom (UK) led to the country's parliament rejecting the draft...

Indonesian Govt Targets Other SOEs HoldCo Established in 1Q 2019

JAKARTA (TheInsiderStories) - Indonesia’ State Own Enterprises (SOEs) ministry targets that some holding companies (holdco) establishment will be finished in March (1Q) of 2019, said the minister...

Indonesian Voter Enthusiasms toward 2019 General Election

JAKARTA (TheInsiderStories) – The high level of people enthusiasm toward the 2019 general election and the level of public knowledge and the socialization of...

Morning Briefing: First Presidential Candidate Debate Begins Today

JAKARTA (TheInsiderStories) — Good morning! Hundred millions of Indonesians are expected to tune in for the first presidential candidates debate today. Both pair, Joko...

China Injected a Lot of Money to Stimulate the Economy

JAKARTA (TheInsiderStories) - People's Bank of China (PBoC) injects the largest amount of money RMB560 billion (US$82.84 billion) through open market operations today (01/16)to...

Bukit Asam, Pertamina, US’s Air Products Collaborates Build Coal Gassifiaction

JAKARTA (TheInsiderStories) — Two state-owned enterprises, PT Bukit Asam Tbk (IDX: PTBA) and PT Pertamina, along with Air Products and Chemicals Inc. from United...