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Jakarta
Wednesday, December 12, 2018
JAKARTA (TheInsiderStories) - Followed the resignation of governor Reserves Bank of India (RSI), Urjit R. Patel on Dec. 10, Rupee slumped one-month low level to 72.42 compared to US dollar today. Analysts rated his resignation could make investors more wary of India and hurt the economy. Yesterday, the Rupee closed at 71.34 compared...
JAKARTA (TheInsiderStories) — Indonesian tycoon Hary Tanoesoedibjo’s under largely integrated media company PT Global Mediacom Tbk (IDX: BMTR), is now being contested by two foreign investors. As quoted by Bloomberg, a French company Vivendi SA and Hong Kong-based investment firm Argyle Street Management are interested in investing in Global Mediacom' subsidiary. Vivendi’s...
JAKARTA (TheInsiderStories) - Singapore' Great Eastern Holdings Ltd., through its unit, Great Eastern General Insurance Ltd., has entered into a sale and purchase agreement to acquire 100 percent of local insurer PT QBE General Insurance Indonesia shares. QBE Indonesia, established in 1906 and is majority owned by the QBE Insurance...
JAKARTA (TheInsiderStories) – Governor of West Java, Ridwan Kamil has inaugurated the digital village project in Indramayu regency, on Monday (12/10). The project will be implemented in 5,300 villages throughout West Java province. All public services in the village will be digitized, connected to wireless networks, have command centers, social media...
JAKARTA (TheInsiderStories) – The Indonesian Government launched Geoportal One Map Policy with the goal of providing an accurate and accountable map on infrastructure in the country. The One Map Policy Accelerate Program was regulated since 2016 through the issuance of 8th Economic Policy Package and 2016 Presidential Regulation Number 9. It...
JAKARTA (TheInsiderStories) - Retail sales in January and April 2019 are estimated to slow down based on the the Retail Sales Survey released by Bank Indonesia. According to the survey, the Sales Expectation Index (SEI) in January 2019 reached 156, lower than the previous month which reached 165.9. This is due...
JAKARTA (TheInsiderStories) -- Moody's Investors Service says that its Asian Liquidity Stress Indicator (LSI) has reached its second weakest level on record, registering 34.9 percent in November 2018 from 33.3 percent in October 2018. The Asian LSI measures the percentage of high-yield companies with Moody's weakest speculative-grade liquidity score of SGL-4 as...
JAKARTA (TheInsiderStories) – East Asia’s remarkably successful development model – a combination of outward-oriented growth, human capital development, and sound economic governance – needs to be adjusted to effectively address emerging external and internal challenges, a new World Bank report says. The report argues that the tremendous progress seen in the...
 JAKARTA (TheInsiderStories) – The Indonesian Survey Institute (ISI) and Indonesia Corruption Watch (ICW) recently released the results of a national survey conducted in October. 52 percent of respondents considered the level of corruption to be escalating for the current year. Overall the perception rate declined when compared with same survey...
JAKARTA (TheInsiderStories) — Good morning! British Prime Minister Theresa May will depart for Brussels again to negotiate backstop policies with the European Union (EU) regarding British exit (Brexit) planned. England is scheduled to officially divorce the EU on March 29, 2019. Previously, May had postponed the vote in Parliament over the Brexit...

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Indonesia’s AP II Prepares Capex US$758M in 2019

JAKARTA (TheInsiderStories) - Indonesia’s state-owned operator PT Angkasa Pura II (AP II) allocated Rp11 trillion (US$758.62 million) for next year’s capital expenditure (capex), said the senior...

GlobalData: 49 Crude Oil, Natural Gas in SEA to Start Operations by 2025

JAKARTA (TheInsiderStories) - Global Data reported, in Southeast Asia, a total of 49 key crude oil and natural gas projects are expected to start operations...

Morning Briefing: Indonesian Gov’t to Spend US$113B in 2019

JAKARTA (TheInsiderStories) - Good Morning! Indonesian government to spent Rp1,634.3 trillion (US$112.71 billion) next year, said President Joko Widodo while gave the budget execution lists at...

Indian Rupee Plummeted to a One-month Low Followed Patel Resignation

JAKARTA (TheInsiderStories) - Followed the resignation of governor Reserves Bank of India (RSI), Urjit R. Patel on Dec. 10, Rupee slumped one-month low level to 72.42...

Tanoesoedibjo’s Company Under Contest by French, Hong Kong Investors

JAKARTA (TheInsiderStories) — Indonesian tycoon Hary Tanoesoedibjo’s under largely integrated media company PT Global Mediacom Tbk (IDX: BMTR), is now being contested by two foreign...

Singapore’s Great Eastern to Acquire 100% of QBE Indonesia Shares

JAKARTA (TheInsiderStories) - Singapore' Great Eastern Holdings Ltd., through its unit, Great Eastern General Insurance Ltd., has entered into a sale and purchase agreement...