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Jakarta
Monday, January 22, 2018
JAKARTA (TheInsiderStories) – Secretary General of Golkar Party Idrus Marham has been reportedly appointed by President Joko Widodo as new Minister for Social Affairs, replacing Khofifah Indar Parawansa. Khofifah has resigned after decided to enter a race to become East Java governor in the upcoming regional election. Idrus Marham is scheculed...
JAKARTA (TheInsiderStories) - President Joko Widodo calls on the developers of the 140.9-kilometers of Bakauheni-Palembang toll road to be completed before the Asian Games in the middle of this year. The President made the call during the inauguration of the first section of the toll road on Sunday (21/01),...
JAKARTA (TheInsiderStories) – China’s economy grew 6.9 per cent in 2017, the fastest since 2015 even as policymakers made headway towards curbing financial risk from excessive debt growth, the country's statistics bureau said on Thursday. Previously, The World Bank projected for China’s economic growth in 2017 could reach 6.8 per cent...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Indonesia Foreign Debt Totaled Rp3,938 Trillion at end 2017 Indonesia’s foreign debt at end of 2017 has reached Rp3,938 trillion, representing 29.2 per cent of Gross Domestic Product (GDP), Director General for Financing and...
JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund 32 kilo meters Salatiga-Kartasura toll road in Central Java. The syndicated lenders are PT Sarana Multi Infrastruktur (SMI), PT Bank of Tokyo Mistsubishi UFJ Jakarta Office,...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Google, Temasek Coming in as New Investors in Go-Jek: Sources Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing startup Go-Jek, sources familiar...
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) – Good morning. Followings are some relevant news that might help your business decisions today: Indonesia to Export LNG to Bangladesh and Pakistan Indonesia, through state energy company Pertamina, plans to exports LNG to Pakistn and Bangladesh at a volume of 1-1.5 million tons per annum (MTPA), Deputy Minister...
JAKARTA (TheInsiderStories) - Singapore's startup company 99.co has completed the acquisition of UrbanIndo.com, one of Indonesia's largest property portal, for undisclosed value. Currently, UrbanIndo has over 1.2 million active listings. “With numerous synergy between the teams in two countries, we will be delivering exciting new products to serve buyers, agents,...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Government to Set Up Infrastructure Holding  After establishing a holding company in the mining sector, the government will also set up a holding firm in infrastructure (Infrastructure Holding), whose members will be all state-owned...

Latest article

Standard Chartered Jumps into Fintech

JAKARTA (TheInsiderStories) – Standard Charterd (StanChart) has set up a new unit aimed at investing innovation within the bank and investing in disruptive technologies, according to CEO...

JCI Breaks New Record at 6500

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 9.63 points (0.14 percent) to 6,500 after moving between 6,484-6,529 on Monday (22/1). The composite...

Lazada to Launch Payment System This Year

JAKARTA (TheInsiderStories) - Lazada Indonesia, a major e-commerce player in the country, plans to launch its own payment system this year, following the path...

Singapore’s 99.co Acquires UrbanIndo.com

JAKARTA (TheInsiderStories) - Singapore's startup company 99.co has completed the acquisition of UrbanIndo.com, one of Indonesia's largest property portal, for undisclosed value. Currently, UrbanIndo...

Indonesia’s FSA Cuts Margin Hedging Transactions by 10%

JAKARTA (TheInsiderStories) – The Financial Services Authority (FSA) plans to issue a regulation on currency hedging, the intention of which is to extend protection to investors...

President Wants Fast Completion of Lampung-Palembang Toll Road

JAKARTA (TheInsiderStories) - President Joko Widodo calls on the developers of the 140.9-kilometers of Bakauheni-Palembang toll road to be completed before the Asian Games...