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Jakarta
Tuesday, October 23, 2018
JAKARTA (TheInsiderStories) - Minister for Communication and Information Technology Rudiantara projected that the country’s new unicorn, a US$1 billion valued startup company, will emerge from the education sector, no later than 2019. The statement was made in November 2017, after he visited the office of Ruangguru, an educational technology...
JAKARTA (TheInsiderStories) - The returns on the equity market this year could outpace returns from fixed income instruments on the back of recovering global commodity prices and better consumer spending, according to Commonwealth Bank. Considering the increase in the performance of the Jakarta Composite Index (JCI) in 2017 which was...
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) - Indonesian government's plan to raise energy subsidy in the State Budget will likely help maintain Indonesia's sovereign rating outlook from international rating agencies. Recently, President Joko Widodo's administration has revealed its plan to raise fuel subsidy as a consequence of keeping the subsidized fuel and electricity tariffs unchanged. The Finance...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo on Thursday (1/3) has officially issued a decree to rule 'Beneficial Ownership' to meet on Automatic Exchange of Information (AEoI) assessment this year. Beneficial owners are widely defined as a person who ultimately control a corporate entity, even though they are not necessarily recorded...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry will issue Ministerial Decree as well as Ministry Stipulation in the immediate future that give mandate to the ministry to determine the floor and ceiling price of coal. The rulings came as the coal price continues its upward trend. The energy...
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded its rating for Lippo Malls Indonesia Retail Trust (LMIRT) to a non-investment grade corporate family rating of Ba1 from an investment-grade issuer rating of Baa3. Consequently, LMIRT's Baa3 issuer rating has been withdrawn and the company has been assigned a Ba1 corporate family rating. The rating...
JAKARTA (TheInsiderStories) - Indonesia's foreign exchange reserves fell in February 2018 from the previous month, Bank Indonesia (BI) data shows. The nation's foreign exchange reserves stood at US$128.06 billion, down from $131.98 billion at the end of the preceding month. BI said the drop in foreign exchange assets in February was...
JAKARTA (TheInsiderstories) - Asian shares, including shares on the Indonesian Stock Exchange, plunge on Wed. 7 on fears of U.S - Chinese trade tensions. The Jakarta Composite Index (JCI) closed down 2.028 per cent  at 6,362.975, while MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.65 per cent, and...
JAKARTA (TheInsiderStories) - Indonesian dairy industry is set for exponential growth this year due to significant shifts in how Indonesian consumers view health and lifestyle. Indonesia’s dairy industry and dairy products industry is undergoing a boom with market demand rising by over 10 per cent on an annual basis for...

Latest article

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...

Hong Kong’s TNG Fintech Acquires Walletku for Undisclosed Amount

JAKARTA (TheInsiderStories) - TNG FinTech Group, Hong Kong-based financial technology company, announces the acquisition of Indonesian based PT WalletKu Indompet Indonesia (WalletKu) for undisclosed amount. As an...