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Sunday, September 23, 2018
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...
JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX:INDF) is issuing bonds worth Rp2 trillion, the proceeds of which will be used to repay the principal of previous issued bonds, Indofood VI Bonds (Obgliasi Indofood VI), the company announced on Friday (May 5). The offering date is set on May 5-15,...
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has appointed I Gusti Ngurah Askhara Danadiputra as new President Director of state port operator PT Pelindo III, replacing Orias Petrus Moedak, who has been recently appointed as Finance Director of PT Bukit Asam Tbk (IDX:PTBA). Danadiputra served as Director of...
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry has shaken up the directors board of national gas distribution company PT Perusahaan Gas Negara Tbk (IDX:PGAS) by appointing new president director as well as two new directors. The decision was made the company's annual shareholders meeting (AGM) on late Thursday. The AGM...
JAKARTA (TheInsiderStories) - Lippo Group on Thursday (May 4) revealed its plan to develop new satellite town in West Java, on the Jakarta-Bandung corridor, with estimated investment of Rp278 trillion. The new satellite town will be called Meikarta. Meikarta satellite town will be developed on 22,000,000 square meters of land....
JAKARTA (TheInsiderStories) - PT Waskita Karya Tbk (IDX: WSKT), state-owned construction firm, is offering stakes in its 17 toll roads to investors in order to raise fresh funds to build new toll roads. The move is in line with President Joko Widodo's direction to the State-Owned Enterprises (SOEs) to sell existing...
JAKARTA (TheInsiderStories) -  Indonesian shares are expected to move sideways today as market players are awaiting for fresh leads to make aggressive moves. Trading is likely to focus on stocks that are expected to perform better this year. Desmond Wira, a market analyst, projected to JCI to move sideways again today,...
JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit PT Dairi Prima Mineral to China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd to pay debt, said one official. The signing of a share...
JAKARTA (TheInsiderStories) - The Indonesian Energy and Mineral Resources Minister (ESDM) Ignasius Jonan is urging Inpex Corporation, a giant oil and gas company of Japan, to accelerate the pre-FEED (front-end engineering design) for the development of Masela Block. “It has been six months since I joined the ESDM (Energy and...
JAKARTA (TheInsiderStories) - PT Toba Bara Sejahtra Tbk (IDX:TOBA), a coal producer,  said it has set aside capital expenditure (Capex) for 2017 at US$60-65 million, of which 85-90 percent will be allocated for the engineering, procurement and construction (EPC) phase of the power project, with the balance for the...

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Insight: Rate Hike Expectation Rise on Misleading Reports on BI’s Meet Schedule 

JAKARTA (TheInsiderStories) - Last week, there were a slew of reports by local media that Bank Indonesia (BI) had pushed back the schedule for this month...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

38 Former Graft Convicts Determined by GEC as an Indonesia’s Legislative Candidates

JAKARTA (TheInsiderStories) - Indonesia General Election Commission determined 38 former graft convicts as definitive candidates for legislative member, said the agency on Thursday (21/09). All of...

Indonesian Govt Use Cigarette Excise Patches Health Insurance Deficit

JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

World Bank : Project Delays, Import Tax Policy Will Not Improves CAD

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...