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Jakarta
Wednesday, December 12, 2018
JAKARTA (TheInsiderStories) - The biggest steel plant in Asia to build in Indonesia, said Deputy Governor of Central Java Heru Sudjatmoko was quoted by Antara on Tuesday (24/07). He said, China-based steel producer Hebel Bishi Steel Group has invested US$2.54 billion to build steel plant in Kendal regency, Central Java. In 2015, Hebei has...
JAKARTA (TheInsiderStories) - One of the largest cigarette maker in Indonesia, PT Gudang Garam Tbk (IDX: GGRM) prepared funds up to Rp10 trillion (US$709.22 million) to construct the Kediri Airport in East Java, said the company on Wednesday (27/06). The project is part of the country's National Strategic Project with the public private partnerships scheme. Last...
JAKARTA (TheInsiderStories) - Indonesian dairy industry is set for exponential growth this year due to significant shifts in how Indonesian consumers view health and lifestyle. Indonesia’s dairy industry and dairy products industry is undergoing a boom with market demand rising by over 10 per cent on an annual basis for...
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)--Indonesian government will stop importing 500 items for six months in order to stabilise Rupiah against US dollar. Government also considered to give an incentive for exporters to bring their revenues to the country. Finance Minister Sri Mulyani Indrawati on Tuesday (14/8) said the government will soon release the lists...
Moody's Investors Service has taken a number of rating actions on non-financial corporates in Indonesia that are also government-related issuers. The rating actions follow its earlier announcement that it has upgraded Indonesia's sovereign rating to Baa2 from Baa3. As a result of the sovereign rating action, Moody's has upgraded the...
JAKARTA (TheInsiderStories) - PT Astra International Tbk (IDX: ASII), one of Indonesia’s largest diversified holding companies, through its subsidiary PT Sedaya Multi Investama, and WeLab, a leading technology enabler for consumer lending in China and Hong Kong established financial technology (FinTech) joint venture company, PT Astra WeLab Digital Arta (AWDA). AWDA aims...
JAKARTA (TheInsiderStories)--Indonesia's Ministry of Finance mulled a sanction for accounting giant Deloitte Indonesia for its role in the default of PT Sunprima Nusantara Financing (SNP Finance)'s medium-term note. Head of Financial Support Profession Development Center of MoF Langgeng Subur on Tuesday (7/7) said the investigation of the case had finished and the...
JAKARTA (TheInsiderStories)--Today circulated letter from the State-owned (SOEs) ministry that allowed the largest energy producer PT Pertamina to sell part of its assets to meet the company's financial needs. Lately, there is a rumors Pertamina is experiencing financial difficulties amid the higher premium subsidy and the increasingly of U.S dollar....
JAKARTA (TheInsiderStories) - Investree, an Indonesian local startup providing peer-to-peer (P2P0) lending marketplace, will receive US$10 million worth of Series B funding from some local and foreign venture capital firms, a source who are close to the deal said. The funding round will be lead by a local venture capital firm PT...

Latest article

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...