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Jakarta
Saturday, April 21, 2018
JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series of problem including oil spill in Balikpapan, East Kalimantan. Previously in Feb. 2017, SOEs Minister Rini Soemarno change the management board of the company following plans...
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)—The government already revoked 186 conflicting regulations in the energy sector, but apparenyly it is not enough to improve investment climate in this sector. The Deputy Minister of Energy and Mineral Resources Arcandra Tahar said the revoked regulation include 56 troubling regulations and complicated licencing prosesses in the oil and...
JAKARTA (TheInsiderStories) - Australian mining services firm Macmahon Holdings Limited (ASX:MAH) has commenced Phase 2 of the Batu Hijau contact in Indonesia. Batu Hijau copper and gold mines located in Sumbawa Island and owned by local miner PT Amman Minerals Nusa Tenggara (AMNT). AMNT operates Batu Hijau copper and gold mine on...
JAKARTA (TheInsiderStories) - State-owned lender PT Bank Rakyat Indonesia TbK (IDX: BBRI) will issue US$500 million global bonds in third quarter this year, aims to start refinancing its $1 billion debt from China Development Bank (CDB), local wire reported. The bank's CEO Suprajarto on Thursday (20/4) said, the loan is intended...
JAKARTA (TheInsiderStories)—The financial technology (FinTech) players are shaking up the banking sector in Indonesia to provide payment and lending facilities and collaboration between the two is likely inevitable in the future. While last year the banking sector only posted a 8.1 per cent loan growth, FinTech lending rose in a...
JAKARTA (TheInsiderStories) - Indonesia’s central bank (BI) decided keep its benchmark interest rate in 4.25 percent on Thursday (19/4), leaving it unchanged since September last year. The deposit facility and lending facility rates are also seen unchanged, at 3.50 percent and 5.00 percent, respectively. The officials have repeatedly said room for further easing...
JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the highland surface. As a result, said Executive Vice President of PTFI Sony Prasetyo on April 16, the company's production will drop significantly from 200,000 tons per day...
(TheInsiderStories) – Italia's Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, East Kalimantan. Based on the company statement, the Minister of Energy and Mineral Resources (MEMR) has granted the approval just three months after the...
JAKARTA (TheInsiderStories) - The tit-for-tat tariff increases between the United States and China run the risk of escalating into a broader trade war, which could derail global growth. For the moment, the probability of such an outcome appears low. The magnitude of the tariffs being considered, so far, will have...

Latest article

Indonesia Expects Lower Investment in Mining, Oil & Gas Sectors

JAKARTA (TheInsiderStories)—The government revised down its investment target from the mining, and oil and gas sectors by 25.7 per cent to US$37.2 billion this...

State Port Operator Pelindo III Increases Holding in Port Developer APBS

JAKARTA (TheInsiderStories)—State-owned port management company PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a joint venture with...

Indonesia Raises US$2B From Dual Currencies Bond Sale

JAKARTA (TheInsiderStories) - Indonesia has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement...

Indonesian Gov’t Appoints Nicke Widyawati as Pertamina’s Acting CEO

JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series...

Reynold Wijaya of Modalku: We Only Take the Crumble of the Pie Crust That...

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,...

Policy Review: More Breakthrough Needed to Improve Investment in Energy Sectors

JAKARTA (TheInsiderStories)—The government already revoked 186 conflicting regulations in the energy sector, but apparenyly it is not enough to improve investment climate in this sector. The...