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Jakarta
Wednesday, December 12, 2018
JAKARTA (TheInsiderStories) - Statistic Indonesia reported the number of foreign tourists entering Indonesia decreased by 10.56 percent to 1.35 million compared to the previous month. The declining caused the holiday season had been over and Europe began to enter autumn session. The agency head, Suharyanto explained, around 67 percent of foreign...
JAKARTA (TheInsiderStories)— Indonesia's state-owned port  operator PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a management of the cruise line provider in East Java. No further details on the values of the transaction. The joint venture company own by Pelindo III together with Netherland...
JAKARTA (TheInsiderStories) - Global investment firm KKR & Co. global investment company L.P. has increased it share ownership in the local food producer PT Nippon Indosari Corpindo Tbk (IDX: ROTI). The action to increase share ownership was carried out through Singapore's investment company Demeter Indo Investment Pte. Ltd. Citing on information...
JAKARTA (TheInsiderStories) - Indonesia government will observe the newly signed border agreement between Australia and East Timor on Tuesday (6/3) and ensure that the agreement will not affect Indonesia's maritime rights under 1982 United Nations Convention on the Law of the Sea. The agreement between the Democratic Republic of Timor...
JAKARTA (TheInsiderStories) - Indonesia expects further inflows from foreign investors into its debt market after news that local currency bonds will be added to a global bond index in June 2018, strengthening the nation's confidence amid regional currency volatility. Indonesian rupiah-denominated bonds eligible for the widely used in Bloomberg's Global Aggregate...
JAKARTA (TheInsiderStories) - Indonesia posted $1.09 billion trade surplus in March, which was the biggest surplus in the last six months, as imports growth slowed more than expected, data from the statistics bureau showed on Monday (16/04). March exports were reported at $15.58 billion, which was 6.14 percent higher than...
JAKARTA (TheInsiderStories)— Restaurateur PT Jaya Bersama Indo, famous for its Duck King outlets, planned to conduct initial public offering (IPO) this year. The company's Finance Director and Corporate Secretary of Jaya Bersama Indo Dewi Tio on Tuesday (08/05) said the IPO will take place as soon as an approval from...
JAKARTA (TheInsiderStories) - Japan's private machinery orders excluding volatiles – a leading indicator of capital expenditure – fell 18.3 percent in September compared to previous month (month on month/MoM) following two consecutive months of increase. Orders from both manufacturers and non-manufacturers declined 17.3 percent and 17.1 percent (MoM), respectively,following two consecutive months...
JAKARTA (TheInsiderStories)-- Weak electricity demand potentially disrupts investment in power sector. The electricity consumption reflects the condition of the economic activity. Every single digit of economic growth is equal to electricity consumption growth at twice as fast. Before the economic crisis in 1997, Indonesia enjoyed economic growth of 7 per...
JAKARTA (TheInsiderStories) - South Jakarta Court ruled on Tuesday (31/07) to disband Indonesia largest Islamic State-linked organization Jamaah Anshorut Daulah (JAD) for terrorism-related activities. Beside the ban, the court also ordered the organization to pay Rp 5 million (US$349,650) in fines. Judge Aris Bawono Langgeng stated that JAD as represent by  Emir Zainal...

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