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Thursday, January 17, 2019
JAKARTA (TheInsiderStories)— Restaurateur PT Jaya Bersama Indo, famous for its Duck King outlets, planned to conduct initial public offering (IPO) this year. The company's Finance Director and Corporate Secretary of Jaya Bersama Indo Dewi Tio on Tuesday (08/05) said the IPO will take place as soon as an approval from...
JAKARTA (TheInsiderStories) - Indonesian former house speaker Setya Novanto faces 15 years detained after the Jakarta Corruption Court judges makes the decision on Tuesday (24/04). The court also revoked Novanto's political rights for five years time. Furthermore, the court also ordered him to pay Rp1 billion in fines and returns the money...
JAKARTA (TheInsiderStories) – Indonesian general insurer PT Asuransi Tugu Pratama Indonesia, which is majority-controlled by state-owned energy company PT Pertamina, will offer 282.35 million new shares to the public through an initial public offering on the Indonesia Stock Exchange. The number of shares offered to the public is equivalent to...
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...

Latest article

Brexit Update: Economic and Political Implications

JAKARTA (TheInsiderStories) - As expected, the lack of political consensus on what Brexit means for the United Kingdom (UK) led to the country's parliament rejecting the draft...

Indonesian Govt Targets Other SOEs HoldCo Established in 1Q 2019

JAKARTA (TheInsiderStories) - Indonesia’ State Own Enterprises (SOEs) ministry targets that some holding companies (holdco) establishment will be finished in March (1Q) of 2019, said the minister...

Indonesian Voter Enthusiasms toward 2019 General Election

JAKARTA (TheInsiderStories) – The high level of people enthusiasm toward the 2019 general election and the level of public knowledge and the socialization of...

Morning Briefing: First Presidential Candidate Debate Begins Today

JAKARTA (TheInsiderStories) — Good morning! Hundred millions of Indonesians are expected to tune in for the first presidential candidates debate today. Both pair, Joko...

China Injected a Lot of Money to Stimulate the Economy

JAKARTA (TheInsiderStories) - People's Bank of China (PBoC) injects the largest amount of money RMB560 billion (US$82.84 billion) through open market operations today (01/16)to...

Bukit Asam, Pertamina, US’s Air Products Collaborates Build Coal Gassifiaction

JAKARTA (TheInsiderStories) — Two state-owned enterprises, PT Bukit Asam Tbk (IDX: PTBA) and PT Pertamina, along with Air Products and Chemicals Inc. from United...