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Jakarta
Saturday, December 15, 2018
By Brian Jackson, China Economist, IHS Markit Key Points: China's official manufacturing purchasing managers' index (PMI) was unchanged at 51.2 in May, according to a release from the National Bureau of Statistics. The index declined in April from a five-year high of 51.8 in March. Output expanded at a slower...
JAKARTA (TheInsiderStories) – PT Integra Indocabinet Tbk, a furniture producer, aims to raise fresh funds between Rp565-Rp848 billion through selling 35 percent of its shares or 2.69 billion unit shares, in an initial public offering (IPO). Halim Rusli said the company sets IPO price at Rp2100315 shares Apart from producing...
JAKARTA (TheInsiderStories) - Lippo Group on Thursday (May 4) revealed its plan to develop new satellite town in West Java, on the Jakarta-Bandung corridor, with estimated investment of Rp278 trillion. The new satellite town will be called Meikarta. Meikarta satellite town will be developed on 22,000,000 square meters of land....
JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit PT Dairi Prima Mineral to China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd to pay debt, said one official. The signing of a share...
Moody's Investors Service has changed its outlook on the Indonesian banking system to positive from stable, reflecting their view that banks will see improvements in their operating environment, asset quality, as well as the capacity by the government to extend support when necessary. "Indonesian banks will benefit from an improving...
JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator Tokopedia. Sources indicate JD will invest of hundreds of millions of dollars and the move marks the company's accelerated expansion into Southeast Asia followed its competitor...
JAKARTA (TheInsiderStories) - PT Perusahaan Gas Negara Tbk (IDX: PGAS), publicly listed state-owned gas distributor, has set capital expenditure (Capex) of US$ 500 million for this year, said a company official. Portion of the capital expenditure will be obtained from its subsidiary PT Saka Energi Indonesia that has raised...
JAKARTA (TheInsiderStories) - The heating of political tension in the Middle East marked by the decision of several Arab countries (Saudi Arabia, the United Arab Emirates/UAE, Bahrain, Egypt) to cut diplomatic relations with Qatar, boosts the risks of global uncertainty. Coordinator Minister of Economics Darmin Nasution said Indonesia would only have less...
JAKARTA (TheInsiderStories) - Citilink, budget airline of flag carrier PT Garuda Indonesia Tbk (IDX:GIAA) plans to add its flights to China cities this year both for regular and charter flights.  President Director of Citilink Juliandra Nurtjahjo said Citilink plans to add regular flight services to six destinations from three cities...
JAKARTA (TheInsiderStories) - PT Bukopin Tbk plans to launch rights issue with maximum limit of 30 percent of the company's total shares, or 2.725 billion unit shares out of total shares of 9.086 billion units shares. The planned rights issue have been approved by the bank's sharehodlers at the...

Latest article

Medco Power Indonesia will Increase Power Supply in Riau

JAKARTA (TheInsiderStories) – PT Medco Power Indonesia (MPI), engaged in the power sector, will increase power supply up to 275 megawatt in Riau, said...

Creditor of Indonesia’s Express Requests Delay of Payment

JAKARTA (TheInsiderStories) - Mitra Krakatau Pension Fund, one of indonesian taxi operator PT Express Transindo Utama Tbk (IDX: TAXI), requested a postponement of debt...

Trade War Benefit, Indonesia to Process US$1B Investment in Batam

JAKARTA (TheInsiderStories) — As a consequence of the United States (US) and China trade tariff wars, huge investment is on its way to enter...

Indonesia’s Deposits Rate Possibles to Escalate in 2019

JAKARTA (TheInsiderStories) - Indonesia' deposit rates has potentially to increase due to the possibility of a benchmark rate hike in 2019, said Deposit Insurance Corporation...

Tangled in Debt, Indonesia’s Bakrie & Brothers Executes US$647M from MCB, Private Placement

JAKARTA (TheInsiderStories) — Indonesian holding company, PT Bakrie & Brothers Tbk (IDX: BNBR) raised Rp9.38 trillion (US$646.89 million) from private placement and mandatory convertible...

Kotjo Sentenced Over than 2 Years Prison over Indonesia’s Riau-1 Corruption

JAKARTA (TheInsiderStories) — Blackgold Natural Resources Ltd., Johannes Kotjo was found guilty in the Riau-1 Power Plant bribery case, involving several government and state-owned...