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Saturday, August 18, 2018
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....
JAKARTA (TheInsiderStories) - Indonesia's biggest consumer goods company Unilever Indonesia booked Rp 7 trillion (approx. US$ $515 million) in net profit over full-year 2017, up 9.6 percent year-on-year (y/y) from net profit in the preceding year. The company's net profit growth was supported by a 2.9 per cent (y/y) increase in...
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...

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...