27 C
Jakarta
Sunday, April 22, 2018
JAKARTA (TheInsiderStories) - President Joko Widodo on Thursday (01/03) installed Inspector General Police Heru Winarko as the new Head of the National Anti-Narcotics Agency, replacing Budi Waseso, who will enter retiring age. The President said Winarko was appointed given his experience and integrity as he has shown while working at...
JAKARTA (TheInsiderStories) - China's manufacturing sector expanded at a slower pace in February, official data showed Wednesday, hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, China's National Bureau of Statistics reported....
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) - Fitch Ratings has affirmed Indonesian telecom operator PT Indosat Tbk's (IDX: ISAT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB+', and simultaneously affirmed the foreign-currency senior unsecured rating at 'BBB+'. Fitch Ratings Indonesia has also affirmed Indosat Ooredoo's National Long-Term Rating at 'AAA(idn)'. The Outlooks...
JAKARTA (TheInsiderStories) -  State electric company PT Perusahaan Listrik Negara (PLN) has secured €80 million (approx. Rp1.4 trillion) loan from the Gospodarstwa Krajowego (BGK) Bank of Poland, to finance the construction of power plants in Lombok, West Nusa Tenggara. The move is part of a wider effort to fulfill the government’s...
JAKARTA (TheInsiderStories) – In order to boost the tourism industry in the northern part of Bali Island and anticipate overcapacity of the current international airport, Bali provincial government has agreed to develop the second international airport, called the New Bali International Airport. President Director of the developer of the airport PT...
JAKARTA (TheInsiderStories) - Indofood Agri Resources Ltd (IndoAgri) through its subsidiary IndoAgri Brazil joined with JF Investimentos S.A., agreed to form a new joint venture Canapolis, said the spokeswoman in official announcement on Monday (19/02). The subsidiary of PT Indofood Sukses Makmur Tbk (IDX: INDF) and JV Investimentos will own a 50 percent...
JAKARTA (TheInsiderStories) - Indonesia has to create more ‘quality jobs’ to increase productivity and competitiveness for sustained and inclusive growth, an Asian Development Bank (ADB) study has shown. The study, titled Indonesia: Enhancing Productivity through Quality Jobs, takes an in-depth look at the challenges in creating better jobs and raising...
JAKARTA (TheInsiderStories) - Indonesia car sales reached 95,892 units in January, rose 11.1 per cent from the same month last year at 86,262 units, the Association of Indonesian Automotive Industries (Gaikindo) data showed. Car sales of Astra Group, the largest automotive player in Indonesia, sold 45,760 units of cars in the month,...
JAKARTA (TheInsiderStories) - The investment value of the Jakarta - Bandung Fast Train swells to US$6.07 billion from the initial estimation of $5.98 billion, Chief Executive Officer of PT Kereta Cepat Indonesia China (KCIC) Dwi Windarto said Tuesday (20/02). Chairman of PT Pilar Sinergi BUMN Indonesia, who is also President Commissioner of KCIC Sahala...

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...