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Tuesday, September 25, 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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Here Are the Vision and Mission of President, VP Candidates In 2019 Election

JAKARTA (TheInsiderStories) - Two candidates president and vice president (VP) Joko Widodo - Maruf Amin and Prabowo Subianto - Sandiaga Uno for 2019 election, has been...

Indonesia’s Bumi Resources Minerals Completes the Dairi Prima Divestment

JAKARTA (TheInsiderStories) - Indonesian publicly listed miner PT Bumi Resources Minerals Tbk (IDX: BRMS) through its Singapore's unit Gain and Win Pte. Ltd., completed the 51...

Indonesia’s Bank Mandiri Raises US$207M from Bond Sale

JAKARTA (TheInsiderStories) - Indonesia's state-owned lender PT Bank Mandiri Tbk (IDX:BMRI) raised Rp3 trillion (US$206.90 million) from sales of five-year bond at a coupon of 8.5...

Indonesia Develop Bintuni Bay Industrial Zones for the Petrochemical Industry

JAKARTA (TheInsiderStories) - Indonesian government boost the development of the Bintuni Bay industrial Zones in West Papua to produce petrochemical products, said one senior official in...

Morning Briefing: Oil Price Surges to Four-year High on Tight Supply Concerns

JAKARTA (TheInsiderStories) - Good morning. The price of crude oil soared to US$80 per barrel on fear over supplies after Organization of the Petroleum Exporting Countries and Russia...

Former Head of Indonesia’s IBRA Sentences 13 Years in Prison

JAKARTA (TheInsiderStories) - The Jakarta District Court for Corruption has sentenced  former Head of the Indonesian Bank Restructuring Agency (IBRA) Syafruddin Arsyad Temenggung for 13 years...