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Jakarta
Wednesday, August 22, 2018
JAKARTA (TheInsiderStories)—The airline industry had been facing tough time during the first quarter of 2018, due to the problems which are mainly concerned with operational costs, supporting infrastructure, and management issues. The airline companies must also brace themselves for the ASEAN Single Aviation Market---also known as the ‘ASEAN Open Sky...
JAKARTA (TheInsiderStories)— Controlling about 34 percent share in domestic flight markets, the Lion Air Group undoubtedly plays important role in the landscape of Indonesia's aviation industry. The group runs three airlines namely Lion Air, Batik Air, and Wings Air. It flies to 183 domestic and international routes, supported by 112...
JAKARTA (TheInsiderStories)  - A global asset manager Aberdeen Standard Investments (ASI) has named Omar S. Anwar as Country Head and Head of Distribution for Indonesia. The man with over 30 years' track record of leadership in Indonesia's financial services industry was also appointed as the President Director of PT Aberdeen...
JAKARTA (TheInsiderStories) - Founder and CEO of an Indonesia-based peer-to-peer lending fintech startup Modalku, Reynold Wijaya, expressed his optimism about the industry’s potentials. For him personally, Fintech industry is an advanced development of the financial services industry, which majorly depends on the internet and digital innovations. Realizing that technology is the future...
JAKARTA (TheInsiderStories)—Indonesia has an ambitious goal to increase the share of renewable energy in the country’s energy mix to 23 per cent by 2025. But the country has so far been moving at a snail’s growth in the development of renewable energy. The country’s energy mix currently only reached 11-12%....
JAKARTA (TheInsiderStories)—Power producers in Indonesia is facing  obstacles in developing power plants. The Independent Power Producers Association of Indonesia (APLSI) and PricewaterHouse Cooper said a report that major obstacles are regulatory uncertainty, lack of coordination among ministry/institution, and the poor management of 35,000-megawatt projects. Furthermore, investors also criticize the low...
JAKARTA (TheInsiderStories) - PT Pegadaian has set a plan to transform its businesses through G-Star Generation with 5G’s strategy -- Grow Core, Grab New, Groom Talent, Gen-Z Tech and Great Culture. President Director of Pegadaian Sunarso said, the state-owned pawnshops company opens to create new businesses through the program. On April, 2,...
JAKARTA (TheInsiderStories) - Senior Economist for ASEAN at UBS Edward Teather sees Indonesian Rupiah could bounce back towards the level of Rp13,000 against U.S dollar, after recording a decline since last week. Based on Indonesian central bank data, Rupiah continues to drop to Rp13,750 per US dollar until today (7/3). The Indonesian...
JAKARTA (TheInsiderStories) - President Joko Widodo appointed and installed Inspector General of Police Heru Winarko at the State Palace in Jakarta on Thursday as the new Head of the National Narcotics Agency. Winarko is a former law enforcement deputy at the Corruption Eradication Commission, replaces Police Commissioner General...
JAKARTA (TheInsiderStories) - Located along some of the world’s busiest sea lanes, Indonesia offers tremendous potential for marine transportation. With the spirit to dominate the vessel business in a maritime country, PT Humpuss Intermoda Transportasi Tbk., together with its subsidiaries, engages in sea transportation and other related activities in Indonesia. Originally,...

Latest article

Indonesia Releases B20 Regulation to Boost FX Revenues

JAKARTA (TheInsiderStories) - President Joko Widodo has signed the mandatory expansion of fuel with a mixture of 20 percent biodiesel (B20) to boost foreign exchange (FX) revenues....

Indonesia’s Adhi Karya to Construct Solo-Yogyakarta Toll Roads in 2019

JAKARTA (TheInsiderStories) - PT Adhi Karya Tbk (IDX: ADHI), a state-owned construction company, aims to start the construction of the Solo - Yogyakarta toll road...

Indonesia’s President to Issue Instruction on Lombok Earthquake Recovery

JAKARTA (TheInsiderStories) - Indonesian government will issue a presidential instruction on recovery and reconstruction of Lombok which was hit by a series of earthquake over the...

Indonesia Requires Boeing, Airbus Purchases with Biodiesel Export

JAKARTA (TheInsiderStories) - Followed Indonesian Trade Ministry visited to the United States (US) and Europe, the country has proposed to swap the purchase of Airbus...

Indonesian Gov’t Revises Coal Production to 585 MT in 2018

JAKARTA (TheInsiderStories) - There is a good news for coal miners as the Indonesian government has officially raised the production quota for 2018 by 100...

Indonesian Gov’t to Evaluates VAT Rate for Importers

JAKARTA (TheInsiderStories) - Indonesian government plans to evaluate the income tax rate (VAT) of imports, said one official on Monday (20/08). The planned was to control...