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Jakarta
Sunday, April 22, 2018
JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today, with shares gains supported by capital inflow are likely to be offset by moves of some investors to cash out ahead of holiday, analysts say. The market will be closed tomorrow for public holiday. The Jakarta Composite Index (JCI) today is...
JAKARTA (TheInsiderStories) - Flag-carrier Garuda Indonesia has officiated direct flight from Denpasar to Chengdu, as part of the company's drive to expand its international routes. The inauguration of the flight, attended by Garuda Indonesia Director for Commercial and IT Nina Sulistyowati and Director for Cargo Sigit Muhartono, was held at...
JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (“IDX: MEDC)) announced today that an UNCITRAL Arbitration Tribunal has awarded its Singapore based wholly-owned subsidiary Medco Strait Services Pte Ltd approximately US$24 million pursuant to its claims against Singapore Petroleum Ltd. and Cue Energy Pty Ltd.  Roberto Lorato, CEO of MedcoEnergi commented with the arbitration tribunal award...
JAKARTA (TheInsiderStories) - The Asia Development Bank (ADB) will disburse loan US$ 600 million to improve its irrigation system in Indonesia. ADB said in a press statement, that the program will help farmers in 74 regencies by improving water delivery. ADB loan will focus on improvement on irrigation system performance and to...
JAKARTA (TheInsiderStories) -  Sumpal gas compression project in Corridor Block, South Sumatra managed by PT ConocoPhillips Indonesia begins faster than the initial target of July, 2017. Energy and Mineral Resources Minister Ignasius Jonan said in a press statement, the Sumpal gas compression project will pump production at the Grissik...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up today supported by positive global markets and buying interest in selected big caps. On Monday, the Jakarta Composite Index (JCI) opened higher but finally ended in the red zone, closing at 5,749 points, down 42.43 points or 0.73 percent. As many  as...
BADUNG (TheInsiderStories) - The Indonesian government's plan to establish a national infrastructure bank to finance infrastructure programs is still constrained by the limited funds of the government. The plan could be cancelled altogether should the government failed to allocate enough funding from the State Budget. The plan to establish the...
JAKARTA (TheInsiderStories) - Cement producer PT Indocement Tunggal Prakarsa plans to build two new cement terminals as a move to support the company's cement distribution across the country. Company President Director Christian Kartawijaya was quoted by Bisnis Indonesia as saying that one of the cement terminals will be built...
JAKARTA (TheInsiderStories) - PT Trafoindo Prima Perkasa aims to raise between Rp384.5-Rp480 billion from initial public offering (IPO). In a public presentation on Monday, the company disclosed that it plans to offer shares at price of Rp320-RP400 per share. It will use around 65% of the IPO proceeds to...
JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX:INDF) announced on Tuesday (May 23) of its plan to issue fixed-rate five year bonds worth Rp2 trillion, called Indofood Sukses Makmur VIII Year 2017 Bonds. The company sets coupon rate of 8.7% per annum, payable every three months starting from August...

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

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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

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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...