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Monday, May 21, 2018
JAKARTA (TheInsiderStories) - Indonesian former house speaker Setya Novanto faces 15 years detained after the Jakarta Corruption Court judges makes the decision on Tuesday (24/04). The court also revoked Novanto's political rights for five years time. Furthermore, the court also ordered him to pay Rp1 billion in fines and returns the money...
JAKARTA (TheInsiderStories) – Indonesian general insurer PT Asuransi Tugu Pratama Indonesia, which is majority-controlled by state-owned energy company PT Pertamina, will offer 282.35 million new shares to the public through an initial public offering on the Indonesia Stock Exchange. The number of shares offered to the public is equivalent to...
JAKARTA (TheInsiderStories)— Indonesia's Minister for State-Owned Enterprises on Wednesday (04/11) signed an approval letter over the transfer of a 56.96 percent stake in state gas distributor PT Perusahaan Gas Negara to state energy company PT Pertamina. The plan to takeover of PGN by Pertamina has been floated since 2013, with...
JAKARTA (TheInsiderStories) - The Agriculture Ministry has allocated Rp20 trillion (US$1.45 billion) for the development of post-harvest infrastructure in order to absorb the farmer's production, Antara reported. Agriculture Minister Amran Sulaiman said the funds to be managed by four state-owned enterprises in the food sector. The synergy among four state-owned enterprises...
TIS - Intelligence - Regulating a Ride-Hailing Business Constructively and Effectively
JAKARTA (TheInsiderStories) - Indonesian Government is currently drafting the new regulation on the change of ride-hailing companies into public transportations. The new regulation its expected comes out within two months from now or around May. Recently, Transportation Minister Budi Karya Sumadi has said  Grab, Go-Jek, and others to get a license from his...
JAKARTA (TheInsiderSTories) — Efficiency pushed PT Pelabuhan Indonesia (Pelindo) III profit in 2017. Based on the company's audited financial report, the state-owned port operator booked net profit Rp2.04 trillion (US$148.91 million) in net profit last year, a 35 percent increase from 2016. This increase was driven by revenue growth of...
JAKARTA (TheInsiderStories)- Dear sir/madame, Due to unconditional things, Insider Seminar Series with keynote speaker MEMR Ignasius Jonan on Monday, April, 16 2018 at Grha Bimasena will be postponed until further notice. We’re sorry for the incovinience and will inform you soon the update. Thank you   Regards, INSIDER NETWORK
JAKARTA (TheInsiderStories) – Lion Air Group, a large airline operator in Indonesia, has received the delivery of Boeing 737 MAX 9, which will strengthen its fleet. The airline operator will use the new aircraft type to serve the planned new international routes. “Boeing 737 MAX 9 is suitable for our business,...
  JAKARTA (TheInsiderStories) - Taxi operator PT Express Transindo Utama Tbk (IDX:TAXI) finally clarifies that as of today there was no acquisition plan offered by ride-hailing provider PT Go-Jek Indonesia or other parties. The company made the statement on market rumours that the ride-hailing firm was in talks to acquire...
JAKARTA (TheInsiderStories) – Indonesia’s largest bank in assets term PT Bank Mandiri Tbk (IDX:BMRI) on Wednesday (21/3) installs four new directors, replacing those who have ended their term. The decision was made at the bank’s annual shareholders meeting. The new directors that were appointed are Panji Irawan, former BNI director,...

Latest article

Mayapada to Raise US$351M via Sub-debts, Rights

JAKARTA (TheInsiderStories)--PT Bank Mayapada International Tbk (MAYA) plans to raise a fund of Rp4 trillion (US$281.543 million) to Rp5 trillion (US$351.929 million) by issuing...

Policy Review: A Long Road To End Up Freeport’s Renegotiation Contract

JAKARTA (TheInsiderStories) - For the umpteenth time PT Freeport Indonesia's (PTFI) share divestment agreement drag on for unexplained reasons. Earlier President Joko Widodo optimistic PTFI divestment could...

Indonesia Pertamina More Aggressively Acquires Overseas’s Assets

JAKARTA (TheInsiderStories) - After more than a year of negotiations,The largest energy producer in Indonesia PT Pertamina expects to complete its acquisition of an operating interest...

Industry 4.0: Carry Out Effectiveness in Automotive Sector

JAKARTA (TheInsiderStories) - In the light of fourth industrial revolution era Ministry of Industry of Indonesia has laid out five sectors in which implementation of...

Rupiah Weakens Over Current Account Deficit Concerns

JAKARTA (TheInsiderStories)—The rise of Bank Indonesia’s (BI) interest rate by 25 basis points (bps) to 4.50 per cent was unable to hold rupiah weakening,...

Govt Aims 5.8% GDP Growth in 2019

JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said on Friday (18/5) the government had set the target of economic growth in 2019 in...