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Jakarta
Wednesday, October 24, 2018
JAKARTA (TheInsiderStories) - Canadian venture exchange oil and gas publicly traded company, Sonoro Energy Ltd. (TSXV: SNV) has entered into a strategic alliance agreement with one of Indonesia's largest companies to develop oil and gas activities in Budong Budong Production Sharing Contract (PSC) as joint partners, it said on Tuesday (11/09). This strategic relationship...
JAKARTA (TheInsiderStories) - Moka, a fast-growing Indonesian cloud-based point-of-sale system, has raised US$24 million Series B round led by Sequoia India. The round included new investors SoftBank Ventures Korea, Singapore-based EDBI, EV Growth, as well as existing investors PT Mandiri Capital, Convergence, and Fenox. The new capital will give the company...
JAKARTA (TheInsiderStories) - Indonesian Government through State Owned Enterprises (SOEs) has shaken up again the management of Energy producer PT Pertamina through the extraordinary shareholders meeting held today (13/09) at the ministry office. According to our reliable sources close to the company, Finance Director of Pertamina Arief Budiman has sent his...
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B2 corporate family rating of Alam Sutera Realty Tbk (P.T.) and affirmed the B2 backed senior unsecured rating of the 2020 notes and 2022 notes issued by Alam Synergy Pte. Ltd., a wholly owned subsidiary of the company. The notes are guaranteed by Alam Sutera and...
JAKARTA (TheInsiderStories) - Indonesian cellular operator PT XL Axiata Tbk (IDX: EXCL) published two debt securities under a two-year program with total amount Rp2 trillion (US$68.96 million), it said on Thursday (13/09). The unit of Malaysian Axiata Group Bhd has planned to issue debt securities with total amount Rp5 trillion...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo and Vietnam President Tran Dai Quang are committed to develop the economic cooperation between the two countries, it said in official statement on Tuesday (11/09). "In the past three years, our trading trend has been quite good and reached a value of US$6.8 billion. We...
JAKARTA (TheInsiderStories) - Former Social Minister Idrus Marham has been detained for the next 20 days by Indonesia' Corruption Eradication Commission in connection with bribery case for Riau-1 coal fired power plant project. On Friday (31/O8), Marham walked out of the Corruption body's lobby at 6.25 p.m . He was guarded to...
JAKARTA (TheInsiderStories) – Executive Director of Median  Rico Marbun has likened President Joko Widodo and Prabowo Subianto as two military generals who applied different war strategies in their political campaigns to win the presidential election in 2019. “President Widodo and his running mate Ma’ruf Amin use scorched earth strategy to destroy...
JAKARTA (TheInsiderStories) - Four global leaders meeting this September will give major influences to the global market amid the high tense in Korean Peninsula. North Korean leader Kim Jong Un has requested a second summit with United States (US) President Donald Trump after their first meeting in Singapore. At the same time...
JAKARTA (TheInsiderStories) - Good morning. The Demokrat Party made an unpopular and surprising decision by allowing his cadres not adhering to the party’s line in supporting the opposition camp in the 2019 Presidential Election after a slew of party officials jumped ship and decided to back the re-election bid of President...

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...