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Jakarta
Sunday, April 22, 2018
JAKARTA (TheInsiderStories) – The Public Works and Housing Ministry on Tuesday (20/02) decided to halt all the construction of elevated structures, both toll road, and light rail transit (LRT) projects, following series of recent accidents. “We agree to halt the construction works of all elevated structures,” Minister of Public Works...
JAKARTA (TheInsiderStories) - Indonesia has become the first country in the world to have a United Kingdom Export Finance (UKEF) Country Head to be based in-country. UKEF is the UK Government’s Export Credit Agency, helping buyers around the world to trade with UK suppliers by offering attractive financing options. Richard Michael...
JAKARTA (TheInsiderStories) - Japan’s trade balance turned to deficit of JPY943 billion (US$9 billion) on a non-seasonally adjusted basis in January, but the balance remained in surplus at JPY373 billion (a 311.7 per cent rise from the previous month) on a seasonally adjusted basis. The non-seasonally adjusted trade deficit was due largely...
JAKARTA (TheInsiderStories) - State Enterprise Minister Rini Soemarno said Monday (19/02) that she expects the first phase of loan for the Jakarta-Bandung High-Speed Train project, amounting to US$500 million, to be disbursed next month. The loan will enable the developer of the project, PT Kereta Api Cepat Indonesia China (KCIC)...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) kept its benchmark interest rate -- 7-Days Reverse Repo rate - unchanged at 4.25 per cent on Thursday, consistent with efforts to maintain macroeconomic stability and financial system and contribute to the recovery of the domestic economy. BI Governor Agus Martowardojo said that the easing...
JAKARTA (TheInsiderStories) - Indonesia cement consumption grew evenly in early 2018 with a range of 12 per cent  to 17 per cent, Indonesian Cement Association said on Feb, 14. Total consumption in January 2018 reached 5.68 million tons or up 9.9 per cent in annual basis (yoy). However compared to...
JAKARTA (TheInsiderStories) - Indonesia's ride-sharing operator Go-Jek is planning to launch its bike-taxi service in India in the second half of 2018, people aware of the development said. ET reported, the company is evaluating some southern cities and the Gurugram-NCR region and it may launch a pilot in one of these...
JAKARTA (TheInsiderStories) - PT Bank DBS Indonesia has completed the acquisition process of retail business and wealth management unit of PT Bank ANZ Indonesia. The process began in October 2016, where DBS revealed its plan to acquire retail and wealth management of ANZ in Singapore, Hong Kong, China, Taiwan...
JAKARTA (TheInsiderstories) – PT Pertamina, a state-owned energy company is currently holding extraordinary shareholders meeting to shake up the company’s board of directors composition. The State Enterprise Ministry (SOEs) is likely to installed new executives and shift certain directors to new positions. According to TheInsiderStories sources at the ministry, who...
JAKARTA (TheInsiderStories) - Frasindo, Indonesia’s rapidly expanding car rental company is set to break into the cryptocurrency market with the launch of their Fras Coin token. Frasindo's solution to the many issues surrounding the cryptocurrency market is to provide a coin with its foundations backed by physical assets in the form...

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

JAKARTA (TheInsiderStories)—State-owned port management company PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a joint venture with...

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

JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series...

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...