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Jakarta
Tuesday, December 11, 2018
JAKARTA (TheInsiderStories) - AirAsia Berhad signed the memorandum of understanding (MoU) with Everbright and Henan Government Working Group to develop low cost carrier (LCC) in Tiongkok. The third parties will establish joint venture  company namely AirAsia (China) to serve LCC based in Zhengzhou, the capital city if Central Tiongkok. The MoU was signed by AirAsia Group...
Singapore -- Moody's Investors Service has today upgraded to Baa3 from Ba1 the issuer rating of Indosat Tbk. (P.T.) (Indosat Ooredoo). The outlook for the rating is stable. At the same time, Moody's has withdrawn the company's Ba1 Corporate Family Rating. RATINGS RATIONALE "The rating upgrade reflects the continued strengthening of Indosat Ooredoo's operational metrics as...
Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: China will host ‘The Belt & Road Forum for International Cooperation’ on 14-15 May in Beijing with an estimated 28 heads of state expected to attend, including President Vladimir Putin of Russia, Indonesian President Joko Widodo, Malaysian PM Najib Razak...
JAKARTA (TheInsiderStories) – Indonesian shares on the Indonesian Stock Exchange is projected to trade in positive zone today supported by buying interest from foreign buyers, with additional investment likely to be boosted by stable economy. Investors are likely to await economic data, including April export and import data due out...
JAKARTA (TheInsiderStories) - The trading of shares on the Indonesian Stock Exchange is likely to be mixed today ahead of the weekend as players are likely to be cautious of making aggressive moves ahead of the weekend. Some players, however, may target selected stocks on corporation actions or upbeat...
JAKARTA (TheInsiderStories) - Property developer PT Moderland Realty Tbk (IDX:MDLN) has set asides Rp250 billion to buy back shares at maximum of 700 million units shares or 5.59 percent of the company's outstanding shares. The buyback was decided as the company considered its current share price is below the...
JAKARTA (TheInsiderStories) - PT Gajah Tunggal Tbk (IDX:GJTA) announced its plan to issue Notes (commercial paper) worth US$500 million or Rp6.66 trillion, the proceeds of which will be used to pay out its Senior Notes. The company pledged  its three existing assets - Head Office building as well as two...
JAKARTA (TheInsiderStories) - PT Hartadinata Abadi Tbk has revealed its plan to raise Rp240 billion from initial public offering (IPO) on the Indonesian Stock Exchange (IDX). The firm plans to set its IPO price of Rp280-356 per share. The company claimed that it is one of the 9 large...
JAKARTA (TheInsiderStories) - PT Bukopin Tbk plans to launch rights issue with maximum limit of 30 percent of the company's total shares, or 2.725 billion unit shares out of total shares of 9.086 billion units shares. The planned rights issue have been approved by the bank's sharehodlers at the...
JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX:SMGR) announced on Friday of its plan to issue bonds, called Sustainable Bond I Phase I 2017, worth Rp3 trillion, the proceeds of which will be used to refinance and fund its projects. The bonds issue is part of the company's medium...

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Insight: Indonesia Concern to Develop Electric Car

JAKARTA (TheInsiderStories) – The Indonesian government is taking the necessary steps toward developing and producing electric vehicles in the future. The policy laws should...

Indonesia’s Pertamina to Develop Its Biggest Refinery with Oman Company

JAKARTA (TheInsiderStories) — Indonesia’s state-owned energy producer, PT Pertamina will co-operate with an Oman company, Overseas Oil & Gas (OOG), to develop a new...

Japan’s Downside Revision to Q3 Real GDP May Indicate Slower Growth in 2018

Jakarta (TheInsiderStories) - Japan’s real GDP growth in the third quarter (Q3) was revised down to a contraction of 0.6 percent quarter to quarter (q/q,...

China’s CPI Falls on Lower Vegetable and Oil Prices in November

JAKARTA (TheInsiderStories) - According to the National Bureau of Statistics, China's consumer price index (CPI) increased by 2.2 percent year on year (y/y) in November,...

Indonesia’s Galang Batang SEZ in Riau Officially Operating

JAKARTA (TheInsiderStories) - Coordinating Minister for Economic Darmin Nasution, last Saturday, inaugurated Galang Batang Special Economic Zone (SEZ) in Bintan, Riau Islands Province. The Development and...

OPEC Cuts Oil Productions 1.2 Million Barrels per Day

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC has agreed to cut oil production amid United States (US) President Donald Trump to...