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Jakarta
Monday, July 16, 2018
JAKARTA (TheInsiderStories) - United States dollar and Wall Street gained after the European Central Bank (ECB) decided hold the interest rates on Thursday (14/06). The central bank said it will also remove its crisis-era stimulus program by the end of this year, a decade after the start of the euro zone's economic...
Singapore -- Moody's Investors Service says that the currency depreciation witnessed across Asia Pacific in recent months poses risks to the region's emerging and frontier markets. Sovereigns with high external financing needs are most exposed. Most currencies in APAC have depreciated against the US dollar this year, with the largest depreciations...
JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to market condition. Wika Realty has sent a letter to postpone the IPO, said Director of Corporate Assessment at IDX Samsul Hidayat on Tuesday (21/05). He added...
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 subordinate bonds and new shares. The company targets Rp2 trillion (US$140.732 million) from a rights issue and another Rp2-Rp3 trillion by issuing subordinate bonds. President Director...
JAKARTA (TheInsiderStories)--Publicly listed textile company PT Sri Rejeki Isman Tbk (IDX: SRIL) also known Sritex issues global medium-term note (MTN) with principal amount of US$25 million on this month. In announcement at the Indonesian Central Securities Depository on Thursday (17/5), Sritex said the notes will mature in 3 years with...
JAKARTA (TheInsiderStories)— Restaurateur PT Jaya Bersama Indo, famous for its Duck King outlets, planned to conduct initial public offering (IPO) this year. The company's Finance Director and Corporate Secretary of Jaya Bersama Indo Dewi Tio on Tuesday (08/05) said the IPO will take place as soon as an approval from...
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...

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Thailand’s SCG Invest US$22M in Indonesia’s Mitra10 Operator

JAKARTA (TheInsiderStories) - Siam Cement Group (SCG), one of the leading business conglomerates in Southeast Asian become a strategic shareholder in Indonesia's PT Catur Sentosa Tbk...

Moody’s Assigns First-time B2 Rating to Sentul City

JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to PT Sentul City Tbk (IDX: BKSL). The outlook on the rating is...

Indonesia’s Sarana Menara Allocates US$104M to Buyback 5% Shares

JAKARTA (TheInsiderStories)--Publicly listed tower operator PT Sarana Menara Nusantara Tbk (IDX: TOWR) plans to allocate Rp1.5 trillion (US$104.158 million) to buyback its 5 per...

Indonesia’s Trade Minister to Visits U.S on Trade War Dispute

JAKARTA (TheInsiderStories) - Following the United States's (U.S) threatened on Indonesian export, Trade Minister Enggartiasto Lukita said to visit United States (U.S) on July 21-28,...

Indonesia Records US$1.74 Trade Surplus in June 2018

JAKARTA (TheInsiderStories)--Indonesia recorded US$1.74 billion trade surplus in June 2018, Statistics Indonesia reported on Monday (16/07). However, the country still booked US$1.02 billion in the...

Singapore’s Blackgold Involved Graft Scandal in Indonesia

JAKARTA (TheInsiderStories) - One of Singapore's coal producer Blackgold Natural Resources Limited's (SSX: 41H) shareholders have accused by Indonesia's anti-graft body on bribery initiative to...