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Jakarta
Wednesday, October 24, 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...
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...
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)--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

Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...