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Jakarta
Monday, February 26, 2018
JAKARTA (TheInsiderStories) - Indonesia car sales reached 95,892 units in January, rose 11.1 per cent from the same month last year at 86,262 units, the Association of Indonesian Automotive Industries (Gaikindo) data showed. Car sales of Astra Group, the largest automotive player in Indonesia, sold 45,760 units of cars in the month,...
JAKARTA (TheInsiderStories) - The investment value of the Jakarta - Bandung Fast Train swells to US$6.07 billion from the initial estimation of $5.98 billion, Chief Executive Officer of PT Kereta Cepat Indonesia China (KCIC) Dwi Windarto said Tuesday (20/02). Chairman of PT Pilar Sinergi BUMN Indonesia, who is also President Commissioner of KCIC Sahala...
JAKARTA (TheInsiderStories) – The Public Works and Housing Ministry on Tuesday (20/02) decided to halt all the construction of elevated structures, both toll road, and light rail transit (LRT) projects, following series of recent accidents. “We agree to halt the construction works of all elevated structures,” Minister of Public Works...
JAKARTA (TheInsiderStories) - Indonesia has become the first country in the world to have a United Kingdom Export Finance (UKEF) Country Head to be based in-country. UKEF is the UK Government’s Export Credit Agency, helping buyers around the world to trade with UK suppliers by offering attractive financing options. Richard Michael...
JAKARTA (TheInsiderStories) - Japan’s trade balance turned to deficit of JPY943 billion (US$9 billion) on a non-seasonally adjusted basis in January, but the balance remained in surplus at JPY373 billion (a 311.7 per cent rise from the previous month) on a seasonally adjusted basis. The non-seasonally adjusted trade deficit was due largely...
JAKARTA (TheInsiderStories) - State Enterprise Minister Rini Soemarno said Monday (19/02) that she expects the first phase of loan for the Jakarta-Bandung High-Speed Train project, amounting to US$500 million, to be disbursed next month. The loan will enable the developer of the project, PT Kereta Api Cepat Indonesia China (KCIC)...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) kept its benchmark interest rate -- 7-Days Reverse Repo rate - unchanged at 4.25 per cent on Thursday, consistent with efforts to maintain macroeconomic stability and financial system and contribute to the recovery of the domestic economy. BI Governor Agus Martowardojo said that the easing...
JAKARTA (TheInsiderStories) - Indonesia cement consumption grew evenly in early 2018 with a range of 12 per cent  to 17 per cent, Indonesian Cement Association said on Feb, 14. Total consumption in January 2018 reached 5.68 million tons or up 9.9 per cent in annual basis (yoy). However compared to...
JAKARTA (TheInsiderStories) - Indonesia's ride-sharing operator Go-Jek is planning to launch its bike-taxi service in India in the second half of 2018, people aware of the development said. ET reported, the company is evaluating some southern cities and the Gurugram-NCR region and it may launch a pilot in one of these...
JAKARTA (TheInsiderStories) - PT Bank DBS Indonesia has completed the acquisition process of retail business and wealth management unit of PT Bank ANZ Indonesia. The process began in October 2016, where DBS revealed its plan to acquire retail and wealth management of ANZ in Singapore, Hong Kong, China, Taiwan...

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