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Jakarta
Tuesday, August 21, 2018
JAKARTA (TheInsiderStories)— Production expenses at Indonesia’s state-owned power company PT Perusahaan Listrik Negara (PLN) rose by Rp10 trillion in the first six months of this year due to rupiah depreciation and higher oil price. President Director of PLN Sofyan Basir on Wednesday (11/07) said the company recorded rising production cost by...
JAKARTA (TheInsiderStories)--Bank Indonesia estimated economic growth might reach 5.2 per cent in the second quarter this year, said Bank Indonesia’s governor Perry Warjiyo on Friday (13/07). "We initially estimated 5.2 per cent, we still count the possibilities a little lower," he added, as quoted by CNBC Indonesia. Bank Indonesia estimate is...
JAKARTA (TheInsiderStories) - Indonesian fertilizer producer, PT Pupuk Sriwijaya (Pusri) started operating the Pusri 2B fertilizer plant in Palembang, South Sumatera, said the company in a press statement on May 11. The new plant has a production capacity of 907,500 tons of urea and 660,000 tons of ammonia per...
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) - Concerns over the possibility of an upcoming trade war are expected to remain front and center of investor focus once again today. Global stocks are likely to remain pressured after a negative session during this week, with emerging market currencies still feeling the brunt from a lack of...
JAKARTA (TheInsiderStories) - The Indonesian government plans to issue yen-denominated government bonds (Samurai Bonds) and Euro bonds in the second quarter of 2018, director general of budget risk management Luky Alfirman. "Samurai and Euro bonds are in our pipeline this year, following the successful of Green Sukuk Bond sale in the...
JAKARTA (TheInsiderStories)—ExxonMobil is entering the downstream industry by acquiring 100 percent shares of lubricant company PT Federal Karyatama and renting the fuel storages with a total investment of US$544 million. ExxonMobil Vice President for Public and Government Affairs, Erwin Maryoto said on Thursday (03/05) the downstream and upstream oil and...
JAKARTA (TheInsiderStories) - United Kingdom’s Andalas Energy and Power PLC (LON:ADL) looking the potential purchase of an interest in an oil and gas asset in Indonesia, said the company in a statement on June 15. One of the oil & gas assets the company looking for is  the Bunga Mas PSC. Bunga Mas PSC...
JAKARTA (TheInsiderStories) - Indonesia's four-wheel car manufacturers face a menace in exports following a new regulation from Vietnam, which is poised to build its own automotive industry. Vietnam issued in November Decree No. 116/2017/ND-CP on car manufacturing, assembly, importation and warranty offering. Car importers in Vietnam are now required to obtain...
JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to PT Intiland Development Tbk. At the same time, Moody's has assigned a B2 senior unsecured rating to the company's proposed US dollar bond issuance. The proposed bonds are unconditionally and irrevocably guaranteed by Intiland's major operating...

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

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Indonesia’s FSA Launch OJK Infinity to Creates FinTech Ecosystem

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

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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...