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Jakarta
Tuesday, May 22, 2018
JAKARTA (TheInsiderStories) - PT Bank Mandiri Tbk (IDX:BMRI) announced its plan to issue bonds, consisting of coupon bond and zero coupon bonds as part of its Sustainable Bond I Phase II 2017. The value of the bonds is yet to be revealed. The bonds proceeds will be used to...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today driven by ongoing capital inflow as well as stable economic growth. As revealed by the Central Bureau of Statistic (BPS), Indonesia recorded GDP growth of 5.01 percent in the first quarter 2017. On Friday, the Jakarta Composite Index closed...
JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX:BUMI), the country's largest coal producer targets coal sales volume rise of 5-7 percent for 2017 and coal price increase of 30 percent for full year 2017. The company maintains its target given encouraging results in the first quarter of 2017. In the first quarter,...
JAKARTA (TheInsiderStories) - PT AKR Corporindo Tbk (IDX:AKRA), a leading fuel and chemical supply chain company, announced its plan on Monday (May 8) to issue Rp1 trillion worth of bonds. The bonds issue is part of the planned Rp2 trillion sustainable bonds to be issued by the company. The company...
JAKARTA (TheInsiderStories) - PT Bank Maybank Indonesia Tbk (IDX: BNII), has aborted the sale of a 68.55 percent equity interest in consumer financing firm PT Wahana Ottomitra Multiartha Tbk (IDX: WOMF). The share sale aborted after certain conditions precedent to the share purchase agreement, which were scheduled to be satisfied...
JAKARTA (TheInsiderStories) - PT Perusahaan Gas Negara Tbk (IDX: PGAS), publicly listed state-owned gas distributor, has set capital expenditure (Capex) of US$ 500 million for this year, said a company official. Portion of the capital expenditure will be obtained from its subsidiary PT Saka Energi Indonesia that has raised...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today ahead of the weekend. Some investors likely to continue to accumulate selected stocks that are expected to show improved performance this year, while others may refrain from making aggressive moves, awaiting for fresh leads. Reliance Securities said in its notes...
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has decided to sack Budi Tjahjono as President Director of Askrindo, after the Corruption Eradication Commission (KPK) declared him as a suspect in a corrupted case. Budi Tjahjono was implicated in a case when he was president director of PT Jasindo, a state...
  Mastercard-CrescentRating Global Muslim Travel Index 2017    Indonesia jumps one spot to gain the third spot behind Malaysia and UAE of the list of OIC and non-OIC markets Japan and Taiwan also saw the biggest improvements in ranking on the overall top 10 list Singapore remains as the only non-OIC destination in...
JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) filed notice to the Financial Services Authority that it will request shareholders to approve a 4 for 1 stock split at the forthcoming June 16th 2017 Annual General Meeting of Shareholders. The company is also finalizing its proposal to the OJK for the rights issue approved by...

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Policy Review: Govt. Affirms Cap on Foreign Ownership in Insurers

JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a...

WIKA Realty Postpones IPO

JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to...

Indonesia Picks WIKA, PTPP, Japan’s Penta-Ocean to Develop Patimban Port

JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese...

Indonesia Central Bank Conducts Forex Swap Auction to Strengthen Rupiah

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will conduct three cross foreign exchange swap auctions this week, to maintain the availability of rupiah liquidity and...

Market Update: BI Needs Further Rate Hike to Stabilize Rupiah

JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest...

State Losses from Bank Mandiri Fraud Reaches US$129M

JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan...