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Jakarta
Monday, January 22, 2018
JAKARTA (TheInsiderStories) – Jakarta Composite Index (JCI) closed up 12.130 points (0.19 percent) to 6,382.195 on Monday's (15/1) trading after a mezzanine floor inside the Jakarta Stock Exchange tower collapsed, injuring more than 50 people and forcing a chaotic evacuation. TV footage showed the lobby strewn with debris and people being...
JAKARTA (TheInsiderStories) – Indonesian largest party Golongan Karya (Golkar) has appointed Bambang Soesatyo as the Speaker of the House Representatives replacing Setya Novanto who was indicted in a US$170 million corruption scandal late last year, Chairman of Golkar Airlangga Hartarto confirmed on Monday (15/1). The appointment of Soesatyo was later...
JAKARTA (TheInsiderStories) - Deposit Insurance Agency plans to draft a regulation that will protect public funds placed in online or e-commerce platforms, given the rise of the online transactions. Halim Alamsyah, the Head of the Deposit Insurance Agency, said the e-commerce transactions in Indonesia in 2017 reached Rp34.5 trillion, surged...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: President Widodo Inaugurates 'New' Bung Karno Stadium President Joko Widodo on late Sunday (14/01) inaugurated the newly-renovated Gelora Bung Karno Stadium in Senayan, central Jakarta after going through 8-months of renovation. The Stadium, with...
JAKARTA (TheInsiderStories) –The growth of export value of marine and fishery products became one of the main concerns of the President Joko Widodo's administration. Based on Indonesia Statistics in the period of January - November 2016-2017, the export value of fishery products increased 8.12 per cent from US$3.78 billion in...
JAKARTA (TheInsiderStories) - Indonesia will produce 485 million metric tons (MT) of coal in 2018 or up 5 per cent from last year, the Ministry of Energy and Mineral Resources (MEMR) reported on Thursday (11/1). Last year, Indonesian miners produced 461MT of coal, lower than the 477 MT projected in...
JAKARTA (TheInsiderStories) - In recognition of the enormous economic potential of China, as well as facing the challenges it presents with regard to an unpredictably shifting global economic landscape, Bank Indonesia, Indonesia’s central bank, will officially open a representative office in the most populated country in the world. The Governor...
JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: Indonesia Hopes to Finalize Freeport Contract Talks by June Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry...
JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: KML Food to List Shares in IDX PT Kelola Mina Laut (KML Food), a fast food processed seafood company, is ready to list its shares in Indonesia Stock Exchange (IDX). The management of KML Food will...
JAKARTA (TheInsiderStories) - Indonesian media group, PT Elang Mahkota Technology Tbk (IDX: EMTK), hoping to get fresh funds of around Rp 4.86 trillion (US$362.69 million) from the issuance of 564 million new shares or equivalent to 10% of the paid-up capital of PT Surya Citra Media Tbk (IDX: SCMA). Sutanto Hartono,...

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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...