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Jakarta
Wednesday, December 12, 2018
JAKARTA (TheInsiderStories) - Indonesian Trade Minister Enggartiasto Lukita prayed the country export to China could go up at least 10 percent in this year followed the Prime Minister Li Keqiang visited on Monday (07/05). Last year the trade values between the two countries reached US$60 billion and created a trade balance...
JAKARTA (TheInsiderStories) - China is ready to work with Association of Southeast Asian Nations (ASEAN) countries to promote the early completion of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement (FTA) scheme for the 10 members, build the East Asian economic community, promote trade and investment liberalization and facilitation...
JAKARTA (TheInsiderStories) - Indonesia’s markets have been in worst performance for the last three years as foreign investors pull capital out of the country. The rupiah fell as much as 0.5 percent to 14,003 to a dollar, before trading at 13,999 by 4:55 p.m. in Jakarta. The slide extended the currency’s...
JAKARTA (TheInsiderStories)—Retailer PT Mitra Adiperkasa Tbk (MAPI) had obtained a shareholder’s approval on Monday for 10-for-1 stock split which will boost liquidity of the company’s stock on the Indonesia Stock Exchange. The stock split approval will value Mitra Adiperkasa’s shares at Rp800 a piece from currently Rp8,000. The company’s shareholders also approved a dividend...
JAKARTA (TheInsiderStories)— PT Apple Indonesia, the local unit of electronics giant Apple, today launched a research centre in Tangerang, Banten, called Apple Innovation Center which aims to train 200 application developers every year. The 1,500 square-meters research center is the first incubator facility for the Apple's app development in Asia...
JAKARTA (TheInsiderStories) - Indonesia's President Joko Widodo has set a roadmap for the implementation of the industry revolution 4.0 to generate economic growth based on digital development in certain sectors. In this era, Food and Beverage (F&B) is one of the top five industries prioritized by the government for the implementation...
JAKARTA (TheInsiderStories)--China has agreed to increase import of crude palm oil (CPO) from Indonesia by at least 500,000 tons. Last year, Indonesia’s CPO export to China reached 3,730,000 tons. President Joko Widodo said on Monday (7/5) that it was part of the agreements reached with visiting China's Prime Minister Li...
JAKARTA (TheInsiderStories)—PT Bank Bukopin Tbk (BBKP) seeks to raise Rp1.91 trillion (US$136.5 million) from a rights issue. PT Bosowa Corporindo as the main shareholder will act as a standby buyer. Bukopin will issue 30 per cent of the company's total shares, or 2.725 billion shares. Bukopin sets the rights issue price...
JAKARTA (TheInsiderStories) - The Indonesian economy expanded by 5.06 per cent year-on year in the first quarter of 2018, following a 5.01 per cent growth a year ago. Robust international trade is cited as the main contributor to the GDP growth, driven to higher oil price. Indonesia's GDP growth averaged 5.28 per...
JAKARTA (TheInsiderStories) - Indonesian bank industry is facing potential risk of outflows from the country's stocks and bonds due to recent volatility of rupiah currency, which was mainly caused by the hike of the US Federal Reserve’s rate. The rupiah had been traded near its weakest level in more than two...

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