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Jakarta
Monday, December 10, 2018
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, 0.3 percentage point lower than the previous month. Food prices contributed 0.49 percentage point to the CPI inflation in November. Pork prices, which are weighted heavily...
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 investment for the special economic zone valued Rp5.6 trillion (US$386.20 million) so far. The SEZ, consisting of a port, 2 million tons of production capacity alumina...
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 critics. The cut is by 1.2 million barrels per day (bpd), even bigger than the market predicted. In the 5th OPEC+ Ministerial Meeting was held in...
JAKARTA (TheInsiderStories) — Good morning! The ongoing tariff trade war between the United States (US) and China may be in a ceasefire now but the tension continues. Canadian Huawei Technologies Co. Ltd. CFO, Meng Wanzhou, was arrested last Dec. 1st. She was apprehended in Vancouver, and is now facing extradition...
JAKARTA (TheInsiderStories) — The ongoing trade war between the United States (US) and China has impacted Taiwanese Pegatron Corp., who have decided to move one of it's unit factories to Indonesia. Ist subsidiary, Chinese' iPhone and smart-phones assembler plans to open a factory in Batam, Riau Province, starting next year, as...
JAKARTA (TheInsiderStories) - The Indonesian Life Insurance Association noted that total revenue from life insurance in the third quarter (3Q) of 2018 slowed 15.5 percent to Rp149.87 trillion (US$10.33 billion) compared to the same period in 2017. Based on the official statement released today (12/07), the slowdown in revenue growth...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has noted that Indonesia's foreign exchange (forex) reserves stood at US$117.2 billion in November, slightly up compared to October at $115.2 billion. The reserves position was equivalent to 6.5 months of imports or 6.3 months of imports and payment of government foreign debt, and...
JAKARTA (TISIntel) – The political temperature is rising ahead of the Presidential Election contest which will take place on April 17, 2019, four months from now. The war of narratives between the two camps is getting fiercer. Commodity prices are one of the main issues that are always raised. Widodo...
JAKARTA (TheInsiderStories) - Yesterday, the Organisation of Petroleum Exporting Countries (OPEC) has ended talks in Vienna without a deal on oil production cuts. That left the oil market dangling in uncertainty before non-OPEC allies joined a second day of talks. The decision from this meeting is crucial for the oil and...
JAKARTA (TheInsiderStories) — Discussions about British exit or Brexit withdrawal from the European Union (EU) will continue to be a hot topic ahead of the upcoming decision on Dec. 11. Such an event may affect economic conditions in Indonesia. The Prime Minister Theresa May expects parliament to approve the agreement she...

Latest article

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...