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Jakarta
Monday, January 22, 2018
JAKARTA (TheInsiderStories) -  Indonesian shares are expected to move sideways today as market players are awaiting for fresh leads to make aggressive moves. Trading is likely to focus on stocks that are expected to perform better this year. Desmond Wira, a market analyst, projected to JCI to move sideways again today,...
JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit PT Dairi Prima Mineral to China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd to pay debt, said one official. The signing of a share...
JAKARTA (TheInsiderStories) - The Indonesian Energy and Mineral Resources Minister (ESDM) Ignasius Jonan is urging Inpex Corporation, a giant oil and gas company of Japan, to accelerate the pre-FEED (front-end engineering design) for the development of Masela Block. “It has been six months since I joined the ESDM (Energy and...
JAKARTA (TheInsiderStories) - PT Toba Bara Sejahtra Tbk (IDX:TOBA), a coal producer,  said it has set aside capital expenditure (Capex) for 2017 at US$60-65 million, of which 85-90 percent will be allocated for the engineering, procurement and construction (EPC) phase of the power project, with the balance for the...
JAKARTA (TheInsiderStories) - Publicly listed tower operator, PT Sarana Menara Nusantara Tbk (IDX: TOWR) purchase 1.35 billion shares or representing 13.32 percent of the total issued and paid up shares in the company from the shareholders. The purchase agreement has signed on April, 28 after the private placement hase been launched...
Singapore -- Moody's has assigned a provisional (P)Baa3 rating to the proposed $2.0 billion global medium term notes (GMTN) programme of Perusahaan Listrik Negara (P.T.) (PLN). At the same time, Moody's has assigned a Baa3 rating to the proposed notes issued under this MTN programme, which will represent the first drawdown under this programme...
JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator Tokopedia. Sources indicate JD will invest of hundreds of millions of dollars and the move marks the company's accelerated expansion into Southeast Asia followed its competitor...
JAKARTA (TheInsiderStories) - Budget airline Citilink, a subsidiary of Indonesian flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) has revealed its plan to serve new international route, namely from Jakarta to Dili, the capital city of Timor Leste, in the eastern half of the Timor Island. The airline will start serving...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today, as players are likely to refrain from making aggressive moves due to lack of strong fresh leads. Desmond Wira, a market analyst projected the JCI to move sideways today, with the market is likely to trade above support level of...
JAKARTA (TheInsiderStories) - Textile and garment producer PT Sri Rejeki Isman Tbk (IDX:SRIL) recorded net profit of US$17.7 million in the first quarter 2017, rose 7.8 percent from the same period last year of US$16.4 million. The increase was in line with the rise of revenues, which reached US$180.2 million,...

Latest article

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...