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Wednesday, June 20, 2018
JAKARTA (TheInsiderStories) – Lion Air Group, a large airline operator in Indonesia, has received the delivery of Boeing 737 MAX 9, which will strengthen its fleet. The airline operator will use the new aircraft type to serve the planned new international routes. “Boeing 737 MAX 9 is suitable for our business,...
  JAKARTA (TheInsiderStories) - Taxi operator PT Express Transindo Utama Tbk (IDX:TAXI) finally clarifies that as of today there was no acquisition plan offered by ride-hailing provider PT Go-Jek Indonesia or other parties. The company made the statement on market rumours that the ride-hailing firm was in talks to acquire...
JAKARTA (TheInsiderStories) – Indonesia’s largest bank in assets term PT Bank Mandiri Tbk (IDX:BMRI) on Wednesday (21/3) installs four new directors, replacing those who have ended their term. The decision was made at the bank’s annual shareholders meeting. The new directors that were appointed are Panji Irawan, former BNI director,...
JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million) to strengthen its business operations in the Middle Eastern market. "Kimia Farma`s capital investment in Dawa reaches 38 million riyals, or equals to Rp133 billion, which is used...
JAKARTA (TheInsiderStories) - Diversified group PT Barito Pacific Tbk (IDX:BRPT) announced a plan on Monday to raise US$1 billion from rights issue. The company said it will issue 5.6 billion new shares with a nominal price of Rp500 per share. The existing shareholders who are declined to exercise their rights...
JAKARTA (TheInsiderStories) – Three companies – PT Artajasa Pembayaran Elektronis Tbk, PT Gihon Telekomunikasi Tbk and PT Jaya Trishindo Tbk – are seeking to raise up to Rp836.25 billion from the initial public offering (IPO) this month. The three companies have unveiled their plan to potential investors early this...
JAKARTA (TheInsiderStories) -Smartag International, Inc. (OTC Markets: SMRN) announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an Indonesian financial technology (FinTech) company. Smartag will own 51 per cent equity and PTSMS will own 49 per cent. This follows an earlier signed on Oct....
JAKARTA (TheInsiderStories) - President Joko Widodo on Thursday (01/03) installed Inspector General Police Heru Winarko as the new Head of the National Anti-Narcotics Agency, replacing Budi Waseso, who will enter retiring age. The President said Winarko was appointed given his experience and integrity as he has shown while working at...
JAKARTA (TheInsiderStories) - China's manufacturing sector expanded at a slower pace in February, official data showed Wednesday, hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, China's National Bureau of Statistics reported....
JAKARTA (TheInsiderStories) - Indonesia's biggest consumer goods company Unilever Indonesia booked Rp 7 trillion (approx. US$ $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...

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...