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Jakarta
Wednesday, December 12, 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 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) - 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) - 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) – The House of Representatives’ Commission-XI, which is in charge of state budget, has approved the macroeconomic assumptions in the 2019 state budget with economic growth being targeted at 5.3 percent and inflation at 3.5 percent. During the hearing with the House’s state budget commission led by Commission-XI Chairman Melchias...

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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...