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Wednesday, June 20, 2018
JAKARTA (TheInsiderStories) - Fitch Ratings has affirmed Indonesian telecom operator PT Indosat Tbk's (IDX: ISAT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB+', and simultaneously affirmed the foreign-currency senior unsecured rating at 'BBB+'. Fitch Ratings Indonesia has also affirmed Indosat Ooredoo's National Long-Term Rating at 'AAA(idn)'. The Outlooks...
JAKARTA (TheInsiderStories) -  State electric company PT Perusahaan Listrik Negara (PLN) has secured €80 million (approx. Rp1.4 trillion) loan from the Gospodarstwa Krajowego (BGK) Bank of Poland, to finance the construction of power plants in Lombok, West Nusa Tenggara. The move is part of a wider effort to fulfill the government’s...
JAKARTA (TheInsiderStories) – In order to boost the tourism industry in the northern part of Bali Island and anticipate overcapacity of the current international airport, Bali provincial government has agreed to develop the second international airport, called the New Bali International Airport. President Director of the developer of the airport PT...
JAKARTA (TheInsiderStories) - Indofood Agri Resources Ltd (IndoAgri) through its subsidiary IndoAgri Brazil joined with JF Investimentos S.A., agreed to form a new joint venture Canapolis, said the spokeswoman in official announcement on Monday (19/02). The subsidiary of PT Indofood Sukses Makmur Tbk (IDX: INDF) and JV Investimentos will own a 50 percent...
JAKARTA (TheInsiderStories) - Indonesia has to create more ‘quality jobs’ to increase productivity and competitiveness for sustained and inclusive growth, an Asian Development Bank (ADB) study has shown. The study, titled Indonesia: Enhancing Productivity through Quality Jobs, takes an in-depth look at the challenges in creating better jobs and raising...
JAKARTA (TheInsiderStories) - Indonesia car sales reached 95,892 units in January, rose 11.1 per cent from the same month last year at 86,262 units, the Association of Indonesian Automotive Industries (Gaikindo) data showed. Car sales of Astra Group, the largest automotive player in Indonesia, sold 45,760 units of cars in the month,...
JAKARTA (TheInsiderStories) - The investment value of the Jakarta - Bandung Fast Train swells to US$6.07 billion from the initial estimation of $5.98 billion, Chief Executive Officer of PT Kereta Cepat Indonesia China (KCIC) Dwi Windarto said Tuesday (20/02). Chairman of PT Pilar Sinergi BUMN Indonesia, who is also President Commissioner of KCIC Sahala...
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...

Latest article

Japan’s Chiyoda Wins Pre-FEED Contract of INPEX’s Masela Block

JAKARTA (TheInsiderStories) - Consortium Japan's Chiyoda Corp., and local firm PT Synergy Engineering announced has been won a front-end engineering design (Pre-FEED) contract by...

South Korean LS Cable, AG Group Constructs Electric Cable Plant in Indonesia

JAKARTA (TheInsiderStories) - South Korean company LS Cable & System and local conglomeration company Artha Graha Group (AG Group) through its unit PT Artha Metal Sinergi...

Election to Drive Indonesia’s Manufacturing Sectors

JAKARTA (TheInsiderStories)—Industry Minister Airlangga Hartarto on Tuesday (19/08) expressed confidence that the election will drive manufacturing activities that eventually boost economic growth in the third quarter...

Japan’s Tokio Marine Acquires Australian IAG’s Indonesia, Thailand Insurance Firm

JAKARTA (TheInsiderStories) - Japan's Tokio Marine Holdings, Inc. announced that it has entered into a definitive agreement to acquire Indonesia and Thailand insurance businesses of Insurance...

Japan’s Trade Balance Deficit in May

JAKARTA (TheInsiderStories) - Japan’s trade balance turned out a deficit of JPY578 billion (US$ 5.2 billion) in May on a non-seasonally adjusted basis, a...

Market Update: Asian Markets Continues Weakening

JAKARTA (TheInsiderStories) - Asian stock markets extended losses today dragged of a trade war rebounded and weakening of oil prices. In the local market Indonesian government...