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Thursday, May 24, 2018
JAKARTA (TheInsiderStories) -UK-listed Andalas Energy and Power Plc and PT PP Energi (PPE), unit of state-owned engineering firm PT PP Tbk (IDX: PTPP) has signed an agreement to develop gas-fired power facilities in the Southeast Asian (SEA) nation. Andalas to propose at least three projects to PPE within three months. It said,...
JAKARTA (TheInsiderStories) - President Joko Widodo is indeed focusing on developing infrastructure in all sectors, the main capital for achieving the economic growth of minimum 7 percent, then Indonesia could reach the so-called established country status by 2025, leaving current status as the emerging country. Indonesia's economy grew by 5.18 percent in...
JAKARTA (TheInsiderStories) - The investors' appetite to invest in the Special Economic Zones (SEZ) is high as it reached Rp221 trillion (US$16.62 billion) in the first half (H1) of 2017, said deputy for the Acceleration of Infrastructure and Regional Development of the Coordinating Ministry for Economic Affairs Wahyu Utomo. Almost 73 percent of...
JAKARTA (TheInsiderStories) - The largest oil & gas producer in Indonesia PT Pertamina stated to reduce some of its financial burden will renegotiate the cooperation with Saudi Aramco and Russian Rosneft to develop two major refinery projects in Indonesia, said one senior official. Both projects are located in East Java. Pertamina...
JAKARTA (TheInsiderStories) - Indonesian private equity firm PT Saratoga Investama Sedaya Tbk (IDX: SRTG) has rumored to sell 51 percent share of PT Medco Power Indonesia to investors, several sources said. On Dec. 16, Saratoga acquired 51 percent shares of Medco Power from PT MedcoEnergi International Tbk (IDX: MEDC) with total...

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Indonesia to Implement Biodiesel B25 by 2019

JAKARTA (TheInsiderStories)--The recent increase in oil prices have brought fresh push to the biodiesel mix mandatory, government targets to increase biodiesel mix to 25 per...

Moody’s Assigns Baa2 Rating to Indonesia’s New Samurai Bonds

JAKARTA (TheInsiderStories)--Moody's Investors Service has today assigned a provisional foreign currency senior unsecured programme rating of (P) Baa2 to the new samurai shelf programme...

ADB Finances Solar Plants in Indonesia US$160 Million

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) announced to provided of US$40 million to invest in Indonesia’s first utility-scale solar photovoltaic (PV) plants...

Robby Winarta Joins Carlyle Group, Aims Opportunities in SEA

JAKARTA (TheInsiderStories) - Global alternative asset manager Carlyle Group LP (NASDAQ: CG) has hired Robby Winarta, a former Credit Suisse Group AG’s Indonesia investment-banking head, as Managing...

BI’s New Governor Says Focus on Stability

JAKARTA (TheInsiderStories)--Bank Indonesia's newly appointed Governor Perry Warjiyo will prioritize the stability through monetary policy but will seek ways to support growth. Perry Warjiyo officially...

Kertajati Airport to Lift West Java Economy

JAKARTA (TheInsiderStories) - Indonesia President Joko Widodo has called the stakeholders to speed up the development of Bandar Udara Internasional Jawa Barat (BIJB), which...