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Wednesday, June 20, 2018
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) - On May 19, 2017, we raised the sovereign credit rating on Indonesia to 'BBB-/A-3' from 'BB+/B' with a stable outlook. • As a result, we are raising the corporate credit ratings on seven Indonesian companies. • At the same time, the ratings on two state-owned Indonesian companies remain...
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...
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)— 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) - Diversified group PT Barito Pacific Tbk (IDX:BRPT) announced a plan on Monday to raise US$1 billion from rights issue. The company said it will issue 5.6 billion new shares with a nominal price of Rp500 per share. The existing shareholders who are declined to exercise their rights...
JAKARTA (TheInsiderStories) - Indonesia's biggest consumer goods company Unilever Indonesia booked Rp 7 trillion (approx. US$ $515 million) in net profit over full-year 2017, up 9.6 percent year-on-year (y/y) from net profit in the preceding year. The company's net profit growth was supported by a 2.9 per cent (y/y) increase in...
JAKARTA (TheInsiderStories) - The construction pof copper smelter facility of PT Amman Mineral Industri (PTAMIN), an affiliated company of PT Amman Mineral Nusa Tenggara, will soon be realized upon completion of the review on Environmental Impact Analysis, Environmental Management Plan and Environmental Monitoring Plan documents carried out by the regional government of West Nusa Tenggara. Imron Gazali,...
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) - Trinugraha Capital & Co, a investors’ consortium led by TPG Capital, Northstar Equity Partners and Trinugraha Capital SA reportedly intends to sell its ownership of shares in financing firm PT BFI Finance Indonesia (IDX: BFIN). Trinugraha Capital happens to be a financial company established in Luxemburg. Source stated the shareholders...

Latest article

Japan’s Chiyoda Wins Pre-FEED Contract of INPEX’s Masela Block

JAKARTA (TheInsiderStories) - Consortium Japan's Chiyoda Corp., and local firm PT Synergy Engineering announced has been won a front-end engineering design (Pre-FEED) contract by...

South Korean LS Cable, AG Group Constructs Electric Cable Plant in Indonesia

JAKARTA (TheInsiderStories) - South Korean company LS Cable & System and local conglomeration company Artha Graha Group (AG Group) through its unit PT Artha Metal Sinergi...

Election to Drive Indonesia’s Manufacturing Sectors

JAKARTA (TheInsiderStories)—Industry Minister Airlangga Hartarto on Tuesday (19/08) expressed confidence that the election will drive manufacturing activities that eventually boost economic growth in the third quarter...

Japan’s Tokio Marine Acquires Australian IAG’s Indonesia, Thailand Insurance Firm

JAKARTA (TheInsiderStories) - Japan's Tokio Marine Holdings, Inc. announced that it has entered into a definitive agreement to acquire Indonesia and Thailand insurance businesses of Insurance...

Japan’s Trade Balance Deficit in May

JAKARTA (TheInsiderStories) - Japan’s trade balance turned out a deficit of JPY578 billion (US$ 5.2 billion) in May on a non-seasonally adjusted basis, a...

Market Update: Asian Markets Continues Weakening

JAKARTA (TheInsiderStories) - Asian stock markets extended losses today dragged of a trade war rebounded and weakening of oil prices. In the local market Indonesian government...