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Saturday, August 18, 2018
JAKARTA (TheInsiderStories)— Indonesia's Minister for State-Owned Enterprises on Wednesday (04/11) signed an approval letter over the transfer of a 56.96 percent stake in state gas distributor PT Perusahaan Gas Negara to state energy company PT Pertamina. The plan to takeover of PGN by Pertamina has been floated since 2013, with...
JAKARTA (TheInsiderStories) - The Agriculture Ministry has allocated Rp20 trillion (US$1.45 billion) for the development of post-harvest infrastructure in order to absorb the farmer's production, Antara reported. Agriculture Minister Amran Sulaiman said the funds to be managed by four state-owned enterprises in the food sector. The synergy among four state-owned enterprises...
TIS - Intelligence - Regulating a Ride-Hailing Business Constructively and Effectively
JAKARTA (TheInsiderStories) - Indonesian Government is currently drafting the new regulation on the change of ride-hailing companies into public transportations. The new regulation its expected comes out within two months from now or around May. Recently, Transportation Minister Budi Karya Sumadi has said  Grab, Go-Jek, and others to get a license from his...
JAKARTA (TheInsiderSTories) — Efficiency pushed PT Pelabuhan Indonesia (Pelindo) III profit in 2017. Based on the company's audited financial report, the state-owned port operator booked net profit Rp2.04 trillion (US$148.91 million) in net profit last year, a 35 percent increase from 2016. This increase was driven by revenue growth of...
JAKARTA (TheInsiderStories)- Dear sir/madame, Due to unconditional things, Insider Seminar Series with keynote speaker MEMR Ignasius Jonan on Monday, April, 16 2018 at Grha Bimasena will be postponed until further notice. We’re sorry for the incovinience and will inform you soon the update. Thank you   Regards, INSIDER NETWORK
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...

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...