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Jakarta
Monday, September 24, 2018
JAKARTA (TheInsiderStories) - Unit of Singapore Catalist listed's Silkroad Nickel Ltd.,(SGX: STP) signed a head of agreements to form a joint venture for smelter facilities construction in Morowali, South Sulawesi, said the company on Tuesday (18/09). The definitive agreements are expected to be signed no later than six months. An Indonesian...
JAKARTA (TheInsiderStories) - The opposition camp Prabowo Subianto -Sandiaga Uno has launched Koalisi Indonesia Adil dan Makmur (Indonesian Fair and Prosperous Coalition) as an official name for the opposition coalition. The launching of the coalition was carried out on Tuesday night (18/09) in Subianto' house in South Jakarta. The coalition consist of Gerindra Party, Keadilan Sejahtera Party (PKS)...
JAKARTA (TheInsiderStories) - Moody's Investors Service has revised ABM Investama Tbk (P.T.)'s ratings outlook to negative from stable. At the same time, Moody's has affirmed the company's Ba3 corporate family rating and the Ba3 senior unsecured rating on its US$350 million notes due 2022. RATINGS RATIONALE "The change in ABM's ratings outlook to negative reflects mounting operational...
JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and parliament agreed to set Indonesian Crude Price (ICP) 2019 pegged at US$70 a barrel following the dynamics of world oil prices, said one senior official on Tuesday (18/09). This figure higher compared to the 2018 State Budget at $48 a...
JAKARTA (TheInsiderStories) - Head of the Fiscal Policy Office for Ministry of Finance (MoF) Suahasil Nazara projected Indonesian import growth could be reduced by 11 percent by the end of 2018. One of the driving factors was the weakening of the Rupiah and series of policies carried out by the government, he...
JAKARTA (TheInsiderStories) - Good morning. Indonesia’s financial market is set for a turbulent day as the United States (US) President Donald Trump made good of his promise of imposing punitive tariffs on more Chinese goods. The billionaire President announced 10 percent tariff on Chinese imports worth US$200 billion to the US, saying...
JAKARTA (TheInsiderStories) - Former Indonesian President Susilo Bambang Yudhoyono also known SBY, said that he felt defamed by a report of Hong Kong based media Asia Sentinel on PT Bank Century Tbk (IDX: BCIC) case. The Chairman of Demokrat Party urged he will determined to pursue the libel up to...
JAKARTA (TheInsiderStories) - Indonesia's PT Lippo Karawaci Tbk (IDX: LPKR) announced has sold 17.6 percent of first real estate investment trust (REIT) for S$202 million (US$276.74 million), said the company on Tuesday (18/09) to its Singapore units. It said, OUE Limited (OUE) has signed conditional sales and purchase agreement to take over 60 percent...
JAKARTA (TheInsiderStories) - Moody's Investors Service says that rapid and divergent demographic changes in Asia Pacific will lead to opportunities for some banking systems in the region and challenges for others. "Over the next decade, of the 17 banking systems in Asia Pacific, banks in Japan, Hong Kong, Korea and Taiwan, in...
JAKARTA (TheInsiderStoriesI - The Trump Administration has announced a second tranche of tariffs on China, with a 10 percent tariff on an additional US$200 billion of Chinese products to be imposed from 24 September. According to Rajiv Biswas, Asia Pacific Chief Economist at IHS Markit, these measures have been taken as part...

Latest article

OPEC Sees Global Oil Demands Declining Until 2023

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) predicts the demand for world oil until 2023 will decline even though energy demand is...

Indonesia Invites More Investment from Singapore in Kendal Industrial Park

JAKARTA (TheInsiderStories) - Indonesia's Minister of Industry Airlangga Hartarto invited Singapore investors to invest more in the Kendal Industrial Park (KIP) in Central Java. This was conveyed...

US’s Amazon Eyes Indonesian Market, Prepares Investment US$965M

JAKARTA (TheInsiderStories) - Amazon, an American electronic commerce and cloud computing company (NASDAQ: AMZN), aims to invest Rp14 trillion (US$965.52 million) in ten years period to...

Italian Eni, Pertamina Explores to Develop Green Energy in Indonesia

JAKARTA (TheInsiderStories) - Eni S.p.A, an Italian multinational oil and gas company signed an agreement with Indonesia's energy producer PT Pertamina to explore oil and gas downstream...

Widodo-Amin Got Number 1, Subianto-Uno Number 2 for Indonesia’s 2019 Presidential Election

JAKARTA (TheInsiderStories) - The campaign period for the 2019 General and Presidential Election officially started on Sunday (23/09) attending by all presidential candidates and parties. The...

Weekly Briefing: Election Campaign Kicks Off with a Touch of Drama

JAKARTA (TheInsiderStories) - Good morning. The campaign period for the 2019 General and Presidential Election officially started on Sunday (23/09), with the Demokrat Party from the...