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Sunday, April 22, 2018
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,...
JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million) to strengthen its business operations in the Middle Eastern market. "Kimia Farma`s capital investment in Dawa reaches 38 million riyals, or equals to Rp133 billion, which is used...
JAKARTA (TheInsiderStories) - Diversified group PT Barito Pacific Tbk (IDX:BRPT) announced a plan on Monday to raise US$1 billion from rights issue. The company said it will issue 5.6 billion new shares with a nominal price of Rp500 per share. The existing shareholders who are declined to exercise their rights...
JAKARTA (TheInsiderStories) – Three companies – PT Artajasa Pembayaran Elektronis Tbk, PT Gihon Telekomunikasi Tbk and PT Jaya Trishindo Tbk – are seeking to raise up to Rp836.25 billion from the initial public offering (IPO) this month. The three companies have unveiled their plan to potential investors early this...
JAKARTA (TheInsiderStories) -Smartag International, Inc. (OTC Markets: SMRN) announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an Indonesian financial technology (FinTech) company. Smartag will own 51 per cent equity and PTSMS will own 49 per cent. This follows an earlier signed on Oct....

Latest article

Indonesia Expects Lower Investment in Mining, Oil & Gas Sectors

JAKARTA (TheInsiderStories)—The government revised down its investment target from the mining, and oil and gas sectors by 25.7 per cent to US$37.2 billion this...

State Port Operator Pelindo III Increases Holding in Port Developer APBS

JAKARTA (TheInsiderStories)—State-owned port management company PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a joint venture with...

Indonesia Raises US$2B From Dual Currencies Bond Sale

JAKARTA (TheInsiderStories) - Indonesia has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement...

Indonesian Gov’t Appoints Nicke Widyawati as Pertamina’s Acting CEO

JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series...

Reynold Wijaya of Modalku: We Only Take the Crumble of the Pie Crust That...

JAKARTA (TheInsiderStories) - Founder and CEO of an Indonesia-based peer-to-peer lending fintech startup Modalku, Reynold Wijaya, expressed his optimism about the industry’s potentials. For him personally,...

Policy Review: More Breakthrough Needed to Improve Investment in Energy Sectors

JAKARTA (TheInsiderStories)—The government already revoked 186 conflicting regulations in the energy sector, but apparenyly it is not enough to improve investment climate in this sector. The...