26 C
Jakarta
Wednesday, October 24, 2018
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...
JAKARTA (TheInsiderStories) – Indonesia’s largest bank in assets term PT Bank Mandiri Tbk (IDX:BMRI) on Wednesday (21/3) installs four new directors, replacing those who have ended their term. The decision was made at the bank’s annual shareholders meeting. The new directors that were appointed are Panji Irawan, former BNI director,...
JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million) to strengthen its business operations in the Middle Eastern market. "Kimia Farma`s capital investment in Dawa reaches 38 million riyals, or equals to Rp133 billion, which is used...
TIS - Intelligence - Regulating a Ride-Hailing Business Constructively and Effectively
by Henry BL Toruan, PHD Ride-hailing’ (also known as ‘ride-sharing’) platforms connect drivers and vehicles with consumers who need transport, at an agreed price. Typically, a customer uses an app on her smartphone to request a ride at a particular time and from a specific place. The app on the...
JAKARTA (TheInsiderStories) - Diversified group PT Barito Pacific Tbk (IDX:BRPT) announced a plan on Monday to raise US$1 billion from rights issue. The company said it will issue 5.6 billion new shares with a nominal price of Rp500 per share. The existing shareholders who are declined to exercise their rights...
JAKARTA (TheInsiderStories) – Three companies – PT Artajasa Pembayaran Elektronis Tbk, PT Gihon Telekomunikasi Tbk and PT Jaya Trishindo Tbk – are seeking to raise up to Rp836.25 billion from the initial public offering (IPO) this month. The three companies have unveiled their plan to potential investors early this...
JAKARTA (TheInsiderStories) -Smartag International, Inc. (OTC Markets: SMRN) announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an Indonesian financial technology (FinTech) company. Smartag will own 51 per cent equity and PTSMS will own 49 per cent. This follows an earlier signed on Oct....
JAKARTA (TheInsiderStories) - President Joko Widodo on Thursday (01/03) installed Inspector General Police Heru Winarko as the new Head of the National Anti-Narcotics Agency, replacing Budi Waseso, who will enter retiring age. The President said Winarko was appointed given his experience and integrity as he has shown while working at...
JAKARTA (TheInsiderStories) - China's manufacturing sector expanded at a slower pace in February, official data showed Wednesday, hit a 19-month low in February with the Lunar New Year holidays contributing to slowing business activities. The country's official manufacturing PMI came in at 50.3 in February, China's National Bureau of Statistics reported....

Latest article

Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...