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Jakarta
Thursday, June 21, 2018
JAKARTA (TheInsiderStories) - Saudi Aramco to start supply gasoline to Indonesia's oil & gas producer PT Pertamina starting July, said traders last week. Its trading armed Saudi Aramco Products Trading Company will be supplying a total of about 1 million barrels a month. Saudi Aramco and Pertamina has plan to set the...
JAKARTA (TheInsiderStories) - Ahead of the meeting of the three central banks, the U.S dollar strengthened and sterling fluctuated against other global currencies. The world's top central banks the Federal Reserves (Fed), European Central Bank (ECB) and Bank of Japan (BoJ) meet this week. The dollar rallied against major currencies on yesterday...
JAKARTA (TheInsiderStories) - Japan's Tokio Marine Holdings, Inc. announced that it has entered into a definitive agreement to acquire Indonesia and Thailand insurance businesses of Insurance Australia Group Ltd., (IAG) which predominantly comprises of Safety Insurance Public Company Limited in Thailand. President and Group CEO Tokio Marine Tsuyoshi Nagano said in a...
JAKARTA (TheInsiderStories) - United States President Donald Trump and Chairman of the Democratic People’s Republic of Korea Kim Jong Un have signed a joint document on the commitment to working the completion of denuclearization of the Korean Peninsula after long hours meeting in Singapore. The document signed by the leaders at...
JAKARTA (TheInsiderStories) - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said that there will be a temporary decision on palm oil ban from the European Union (EU) on June 27. The statement comes out after he met with the EU Ambassador to Indonesia Vincent Guerend on Friday (15/06). Guerend confirmed that his conversation with...
JAKARTA (TheInsiderStories) - United States dollar and Wall Street gained after the European Central Bank (ECB) decided hold the interest rates on Thursday (14/06). The central bank said it will also remove its crisis-era stimulus program by the end of this year, a decade after the start of the euro zone's economic...
JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) suspended trading of PT Bakrie & Brothers Tbk (IDX: BNBR) shares as its price fell significantly. BNBR stock opened at Rp159 per share in the opening trading today (7/06), then down 55 basis points or 34.59 per cent to Rp104 per share, according to...
JAKARTA (TheInsiderStories) - International rating agency Standard and Poor’s (S&P) has affirmed Indonesia’s Sovereign Credit Rating at investment grade level, as announced on May 31. In response to the statement, Bank Indonesia (BI) Governor Perry Warjiyo in an official statement stated the affirmation is reflects Indonesia’s strong economic fundamental and credible policy...
JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) warned United States (U.S) President Donald Trump that its new tariff policy could damage the global trading system. Moreover, when inviting acts of retaliation from trading partner countries, it will turn against the US economy. IMF's Managing Director Christine Lagarde in an IMF...
JAKARTA (TheInsiderStories) - The European Commission (EC) cleared all air carriers from Indonesia from the Air Safety list. In addition, a new system, warning the Air Traffic Controllers of all Member States has being deployed to prevent unsafe aircraft from entering European airspace. Today the EC updated the EU Air...

Latest article

Energy Policy : OPEC Meeting May End Without Agreement

JAKARTA (TheInsiderStories) - The meeting of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Switzerland may closed without an agreement amidst the divide opinion...

Monetary Policy: BI Rate Will Rises Again Due to Global Pressures

JAKARTA (TheInsiderStories)— Bank Indonesia (BI) has surprised markets by holding an unscheduled meeting on May 30 and deciding to hike interest rates by 25 basis...

Rabobank: Bye Bye Palm Biodiesel?

JAKARTA (TheInsiderStories) - A potential ban on palm oil in European Union (EU) biodiesel would mean Indonesia and Malaysia need to find alternative crude...

EU Extends Palm Oil Ban from 2021 to 2030

JAKARTA (TheInsiderStories) - European Union (EU) softened its stance on the use of palm oil among its member countries starting 2030 from earlier proposed...

Policy Review: The Economic Impact of the U.S, North Korea Summit

JAKARTA (TheInsiderStories) - A week after Singapore Summit, North Korean leader Kim Jong Un meet Xi Jinping, Chinese president met in Beijing on June 19. The...

Market Update: U.S, China Trade War Still Rocked Global Market

JAKARTA (TheInsiderStories) - The escalation of trade war between the United States (U.S) and China rocked global stock markets. Yesterday, three major indices on...