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Jakarta
Tuesday, August 21, 2018
JAKARTA (TheInsiderStories) - National Police Deputy Chief Comissioner General Syafruddin has officially led the Administrative and Bureaucratic Ministry as he was inaugurated by President Joko Widodo at the State Palace on Wednesday (15/08). Syafruddin has replaced Amanat Nasional Party politician Asman Abnur, who resigned from the Working Cabinet on Tuesday after his...
JAKARTA (TheInsiderStories)--Rupiah hit the lowest level since 2015 as fears over the looming economic crisis in Turkey spreads to other emerging economies. Rupiah weakened 0.97 percent at Rp14.610 per US$1 at 12.02 WIB, the lowest since October 2015. The Rupiah's weakest position today was at Rp14,615 per US$1, while the strongest is...
JAKARTA (TheInsiderStories)—Indonesia recorded weak investment realization of Rp176.3 trillion (US$12.055 billion) in the second quarter of this year, Investment Coordinating Board reported on Tuesday (14/08). It decelerated 4.9 percent from Rp185.3 trillion (US$12.67 billion) in the first quarter of this year but increased 3.1 percent from Rp170.9 trillion (US$11.68 billion)...
JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the damage of the earthquake at Rp7.45 trillion (US$520.97 million). The spokesman Soetopo Purwo Nugroho said in a press statement on Wednesday (15/08), the damages and losses...
JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) will acquired 44.95 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL) for US$515 million, said the company on August 17. Bayan currently holds approximately 56.05 percent of Kangaroo. Based on the company announcement, Bayan bought Kangaroo's shares at $0.15...
JAKARTA (TheInsiderStories) - PT Jawa Satu Power, a consortium company of PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation, has awarded a contract to the General Electric (GE)-led consortium, to carry out the Engineering, Procurement and Construction (EPC) works and maintenance service for Indonesia's largest gas power plant project...
JAKARTA (TheInsiderStories) - Foreign oil producer PT Chevron Pacific Indonesia and PT ExxonMobil Indonesia would discuss with Indonesian government on the new policy requiring the mandatory sale of crude oil to state-owned energy producer PT Pertamina. Minister Energy and Mineral Resources (MEMR) Ignatius Jonan informed at the limited meeting on Tuesday (14/08), President...
JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount higher 2.46 percent compared to this year targets with amount of Rp410.4 trillion. Sri Mulyani Indrawati told reporters at the press conference on 2019 State Budget,...
JAKARTA (TheInsiderStories) - Followed the Turkey's financial crisis, other emerging countries like Indonesia and Argentina prepared monetary stance on worries the economic troubles could hit European banks and spread to other emerging economies. These days, Turkey's crisis has bring negative impact to the emerging market. The Turkish Central Bank itself decided...
JAKARTA (TheInsiderStories)--Indonesian palm oil company PT Andira Agro Tbk eyes Rp100 billion (US$6.83 million) from initial public offering (IPO) in August 2018. Andira Agro will offer 500 million shares and set a price at Rp200 per share so that the company will get funds of Rp100 billion. The company targets...

Latest article

BI to Lower Hedging Cost via Swap Transaction

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) planned to take measures to lower the cost of foreign currency hedging via swap transaction, BI’s Head of Monetary Department...

Morning Briefing: Jusuf Kalla, Sri Mulyani Join Widodo’s Re-election Campaign Team

JAKARTA (TheInsiderStories) - Good Morning. President Joko Widodo has officially picked Vice President Jusuf Kalla to lead the 11-strong steering committee for his re-election bid in...

Indonesia’s MoF Sell Retail Bond Through Online

JAKARTA (TheInsiderStories) - The Ministry of Finance (MoF) has officially opened the offering period of Savings Bond Retail series SBR004 through online system (e-SBN) on...

Indonesia’s FSA Launch OJK Infinity to Creates FinTech Ecosystem

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority  (FSA) inaugurated the operation of OJK Innovation Centre for Digital Financial Technology (OJK Infinity) which aims to build the FinTech ecosystem...

Dozens Killed on the Streets in Police Crackdown Ahead of Asian Games

JAKARTA (TheInsiderStories) - Indonesian police have shot dead more than 70 people in an escalating crackdown on what they have called ‘petty criminals’ in...

Azrul Tanjung: An Insight Into Ma’ruf Amin’s Economic Agenda

JAKARTA (TheInsiderStories) - As the chairman of Indonesia Ulema Council (MUI) Ma’ruf Amin spent his time and energy not only on the religious life on ordinary...