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Jakarta
Monday, January 22, 2018
JAKARTA (TheInsiderStories) – State-owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has submitted a proposal for a US$700 million loan to China Development Bank (CDB), related to funding the construction of Indonesia-China high-speed railway connecting Jakarta and Bandung, West Java. Bintang Perbowo, President Director of WIKA said the company with the completion of the entire...
JAKARTA (TheInsiderStories) – Eko Rachmansyah Gindo was named as new President Director of local lender PT Bank Bukopin Tbk (IDX:BBKP), replacing Glen Glenardi who has tendered his resignation on Jan. 2, 2018. Before appointed to the new post, Gindo held a position as Director of Finance and Planning of  Bank...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Malaysian PDZ Holdings Bhd Eyes Indonesian shipping industry Malaysian container liner PDZ Holdings Bhd has inked a Memorandum of Understanding (MoU) with PT Indonesia Bulk Carrier, in its move to expand into the Indonesian...
JAKARTA (TheInsiderStories) - State-owned railway operator PT Kereta Api Indonesia (KAI) plans to generate Rp2 trillion (US$140 million) from its second corporate bond issuance, as it seeks a sizeable amount of funds for the replacement of obsolete train cars this year. The company needs to replace about 1,000 train cars to...
JAKARTA (TheInsiderStories) – Fitch Ratings Indonesia has issued the 'AA(idn)' National Long-Term Rating on PT Mayora Indah Tbk's (AA(idn)/Stable) Rp2 trillion bond program. At the same time, the agency has also assigned a 'AA(idn)' rating on the Rp550 billion of bonds issued under the program. Mayora's rating reflects its leading market position;...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: PP Energi to Raise up to Rp3 Trillion from IPO JAKARTA (TheInsiderStories) - PT PP Energi, a subsidiary of state-owned construction company PT PP Tbk (IDX:PTPP) aims to raise between Rp1.5 trillion-Rp3 trillion from...
JAKARTA (TheInsiderStories) - Finnish's technology group Wärtsilä will deliver a 100 megawatss Smart Power Generation plant to PT Indonesia Power, a subsidiary of state-owned energy producer PT Perusahaan Listrik Negara (PLN). The new plant is being built by a consortium of Wärtsilä and PT PP Tbk (IDX: PTPP), the local construction engineering...
JAKARTA (TheInsiderStories) - Asiamet Resources Limited said that PT Emas Mineral Murni (EMM), the developer of Beutong gold project in which Asiamet has interest, has been granted the key production licence, called "IUP-OP". The permit paves the way for EMM to advance the Beutong Copper-Gold Project, located in Nagan...
JAKARTA (TheInsiderStories) – Businessman Edwin Soeryadjaya as well as private television operator PT Surya Citra Media Tbk (IDX:SCMA) will become new shareholders of PT Tempo Inti Media Tbk (IDX:TMPO) through subscribing the rights issue to be issued by the company. Tempo Inti Media is the publisher of Tempo magazine....
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Chinese Plastic Maker Hong Sheng to Build Plant in Batam Batam Free Trade Zone Authority (BP Batam) has granted its first investment permit in 2018 to Chinese plastic maker Hong Sheng Plastic Industry, which...

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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...