28 C
Jakarta
Thursday, June 21, 2018
Singapore -- Moody's Investors Service says that Perusahaan Gas Negara (P.T.) (IDX: PGAS, Baa3 positive) Baa3 issuer rating and  senior unsecured rating are not immediately affected by the impending change in ownership of PGAS. The outlook on all ratings remains positive. Moody's announcement follows presidential approval of the reorganization process, allowing Pertamina (Persero)...
JAKARTA (TheInsiderStories) - International oil prices surge into the highest level since 2014 on Tuesday (24/04), driven by the expectations of U.S sanctions against Iran and as Organization of Petroleum Exporting Countries (OPEC) continues to hold supplies amid strong demand. Last week, demand for oil hit a record level at 9.86...
JAKARTA (TheInsiderStories)— Indonesia's state-utility company PT Perusahaan Listrik Negara (PLN) need to reduce its dependency on coal as energy source, apart from strengthening its financial performance in a bid to boost investor confidence for its plants to sell US$5 billion global medium term notes (GMTN) in this quarter. The notes...
JAKARTA (TheInsiderStories)--Indonesia recorded low inflation of 0.21 per cent on-year in May 2018, reflecting low people's purchasing power. The consumer price index (CPI) recorded 132.99 in May 2018. While, inflation recorded 1.3 per cent in year to date and 3.23 per cent in the year on year. This inflation is considerably...
JAKARTA (TheInsiderStories) - The Indonesian government has scored another victory over the dispute on biodiesel exports to the European Union (EU) at the EU Court, implying the tariff effacement of  8.8 - 23.3 per cent of anti-dumping import duty. The tariff removal policy has been valid since March 16. This victory...
JAKARTA (TheInsiderStories)—The Investment Coordinating Board of Indonesia reported that the country recorded realization investment Rp185.3 trillion (US$13.42 billion) in the first quarter of 2018, an 11.8 per cent rise compared to last year quarter of Rp165.8 trillion. The realization of foreign direct investment (FDI) in Indonesia reached Rp108.9 trillion, up...
JAKARTA (TheInsiderStories) - The Federal Reserves hold the rate steady and stayed on track for June increases amid the concerned on inflation, said the board in a press statement on May 2. The Federal Open Market Committee (FOMC) held the funds rate at a target of 1.5 percent to 1.75...
JAKARTA (TheInsiderStories)--PT Bank Mayapada International Tbk (MAYA) plans to raise a fund of Rp4 trillion (US$281.543 million) to Rp5 trillion (US$351.929 million) by issuing subordinate bonds and new shares. The company targets Rp2 trillion (US$140.732 million) from a rights issue and another Rp2-Rp3 trillion by issuing subordinate bonds. President Director...
JAKARTA (TheInsiderStories) – The administration of President Joko Widodo has set an ambitious target of seeing domestic economy expanding by 5.4-5.8 per cent in 2019, the year that will be the end of its term and is also the presidential election year. While the optimistic projection may be not groundless,...
JAKARTA (TheInsiderStories)—Indonesian government is expecting get an additional revenues Rp1.49 trillion (US$111.08 million) from the signing of seven gas sale agreements involving major producers and off-takers in the country, said one government agency. The gas sale agreements have been signed on Friday (4/5) in Jakarta. Head of Special Task Force for Upstream Oil...

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?

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EU Extends Palm Oil Ban from 2021 to 2030

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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...