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Jakarta
Thursday, December 14, 2017
JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator Tokopedia. Sources indicate JD will invest of hundreds of millions of dollars and the move marks the company's accelerated expansion into Southeast Asia followed its competitor...
  JAKARTA (TheInsiderStories) – PTTEP, an oil and gas company of Thailand, has decided to suspend its investment in Indonesia. The decision was made after the Indonesian government file lawsuit over Montara oil leak. “Indonesia is one of strategic investment countries of PTTEP that the company has plan to continuously invest...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Government to Acquire Rio Tinto’s Share in Freeport Indonesia plans to acquire Rio Tinto's 40 per cent interest in the giant Grasberg copper mine operated by the local unit of Freeport-McMoRan, its mining minister...
JAKARTA (TheInsiderStories) - Bank Indonesia hold its benchmark rate  at 4.75% to maintain macroeconomic and financial stability as well as to support domestic economy recovery amid global volatility risks. "Board of Governors' Meeting decided to keep the BI 7-Days-Repo-Rate steady at 4.75% with the deposit facility rate remained at 4%...
JAKARTA (TheInsiderStories) - Citilink, budget airline of flag carrier PT Garuda Indonesia Tbk (IDX:GIAA) plans to add its flights to China cities this year both for regular and charter flights.  President Director of Citilink Juliandra Nurtjahjo said Citilink plans to add regular flight services to six destinations from three cities...
JAKARTA (TheInsiderStories) - PT Trafoindo Prima Perkasa aims to raise between Rp384.5-Rp480 billion from initial public offering (IPO). In a public presentation on Monday, the company disclosed that it plans to offer shares at price of Rp320-RP400 per share. It will use around 65% of the IPO proceeds to...
JAKARTA (TheInsiderStories) - Indonesia’s Statistics Bureau reported in September 2017 there was inflation of 0.13 percent with the Consumer Price Index (CPI) of 130.08. In August, the CPI recorded of 3.83 percent deflation. The inflation rate for calendar year (January-September) 2017 is 2.66 percent and the year-on-year inflation rate (September 2017 to...
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) - Good Morning. We provide several important news items that might help your business decisions today, as follows: Indonesian Car Sales Rose 2.5% in October Indonesia's car sales in October rose 2.5 per cent to 94,461 units compared with a year ago, the Indonesian automotive industry Gaikindo said on Thursday. The...
Singapore, April 28, 2017 -- Moody's Investors Service has downgraded to B1 from Ba3 the corporate family rating of Lippo Karawaci Tbk (P.T.) and the senior unsecured rating of the bonds issued by Theta Capital Pte. Ltd. -- guaranteed by and a wholly owned subsidiary of Lippo Karawaci. At the same time, Moody's...

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ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company,...

The Fed Rates Hike 0.25%, Signals Three More in 2018

JAKARTA (TheInsiderStories) - U.S's Federal Reserves raising the interest rates by a quarter point to 1.5% for the third time this year and foresees three additional...

Industry Review: Indonesia Catching Up with Renewable Energy Development

JAKARTA (TheInsiderStories) - Indonesia has so far been moving at a snail’s growth in the development of renewable energy, for various reasons. However, this...

Hary Tanoe Requests IDX to Halt MNCN Stocks Trading

JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange...

World Bank Sees Indonesia GDP to Accelerate by 5.3% in 2018

JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger...

Golkar Support to Government Unchanged as Hartarto Takes Party Helm

JAKARTA (TheInsiderStories) - Indonesia's second largest political party, Golkar announced that the party's plenary meeting on Wednesday night (13/12) has agreed to appoint the...