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Wednesday, June 20, 2018
JAKARTA (TheInsiderStories) - Local lender PT BRI Agro Tbk (IDX: AGRO) announced that it has allocated Rp 1 trillion (US$70 million) to acquire two small banks as part of a strategy to accelerate its growth. Currently Bank Agro is categorized as a Buku II bank with a core capital of...
 JAKARTA (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), from 4 May will increase the frequency of its flights from Jakarta to Perth from four times to five times per week. The addition of seat capacity is intended to accommodate the increasing market demand between the two cities as...
JAKARTA (TheInsiderStories) - Indonesia’s official foreign exchange reserves have increased to US$123.2 billion in April 2017, from previous month of US$121.8 billion, partly driven by improved external trade, the central bank, Bank Indonesia data shows. Executive Director of Communication Department of Bank Indonesia (BI) Tirta Segara said the increase of foreign exchange...
JAKARTA (TheInsiderStories) – State owned home mortgage financing comp;any PT Sarana Multigriya Finansial is issuing bonds worth Rp1 trillion, aiming at raising fresh funds to expand its home financing activities. The bond offering will last until May 30, the company’s president director Ananata Wiyogo was quoted by Bisnis Indonesia...
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) – Good morning. We provide several pieces of important news that might help your business decisions today: Japan agrees to accelerate investment in Indonesia The Republic of Indonesia has concluded an agreement with Japan to collaborate in accelerating development on Padang-Bukittinggi-Pekanbaru infrastructure along the Sumatra Toll Road. At a meeting with...
JAKARTA (TheInsiderStories) - The Federal Open Market Committee indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near its recent low, the minutes of meeting showed. Household spending has continued...
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...
By Harumi Taguchi, Principal Economist at IHS Markit   Key Points: Ÿ   Japan’s index of industrial production (IIP) fell 2.1% month on month (m/m) in March, following a 3.2% rise in the previous month. Ÿ   Although producers’ shipments showed softer decline than production, contracting 1.1% m/m, inventories rose for the fourth consecutive month,...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, with gains in selected stocks are likely to be offset by moves of some players to cash out ahead of the weekend as well as concerns on suicide bombs that hit a bus terminal on Wednesday night, analysts say. On...

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...