Thursday, November 23, 2017

Indonesian Government Gives Legal Certainty On Upstream Business

JAKARTA (TheInsiderStories) - The Government of Indonesia give legal certainty on upstream oil and gas business by issuing President Decree (PP) No.27/2017. President Joko Widodo has signed Government Regulation (PP) No. 27...

UK Andalas Energy, PTPP Agrees to Build Power Plant in SEA

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...

Infrastructure Acceleration for 7% Growth in Economy

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...

Rp221 Trillion Investment for Special Economic Zones

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...

Pertamina renegotiates two refinery projects with Saudi Aramco, Rosneft

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...

Saratoga set to sell 51% Medco Power’s share

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...

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Political Review: Maintaining Investment Lust amid a Potentially Politically Volatile 2018

JAKARTA (TheInsiderStories) - Political volatility within the next two years is unlikely to disrupt the Indonesian economy. Such optimism was shared by a number of government...

President Expected to Appoint New Tax Director General Soon, Pakpahan Front Runner

JAKARTA (TheInsiderStories) - President Joko Widodo is expected to announce soon new Director General for Taxation replacing Ken Dwijugiasteadi, whose term will end on...

Bank Indonesia to Issue Regulation on Financing to Funding Ratio

JAKARTA (TheInsiderStories) – Bank Indonesia, the country’s central bank, is finalizing regulations on the Financing to Funding Ratio (FFR), focusing on the ceiling and upper limits...

State-Owned Mining Holding Firm to Build Smelter Soon

JAKARTA (TheInsiderStories) - Indonesia has finally embarked on the complex process to merge four state-owned mining companies under one giant holding company, a move that will pave...

Daily Business Briefs – Nov 23

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Jasa Marga to Build Two More Tollroads Next Year PT...

Political Review: Winning in Just Four Provinces Key to 2019 Presidential Election

JAKARTA (TheInsiderStories) – While the Indonesian Presidential Election is still two years away, political observers are saying that political parties are likely to engage...