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Monday, December 18, 2017
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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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Global Economy Set to Grow 3.2 Percent in 2018, IHS Markit Says

Top 10 Economic Predictions report says strong, synchronized global economy faces low risk of recession LONDON –The global economy will expand 3.2 percent in 2018, matching...

Daily Business Brief – Dec 18

JAKARTA (TheInsiderStories) -  Good morning. Followings are some relevant news that might help your business decisions today: Lippo Karawaci Shareholders Approve Rights Issue Plan Shareholders of...

National Priority Projects Still Far from Completion

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has set an ambitious target to bring infrastructure development as the backbone of the domestic economy. Yet, the...

Indonesia Trade Surplus Drops in November as Imports Surge

JAKARTA (TheInsiderStories) - Indonesia’s trade surplus drops to US$130 million in November from $900 million in previous month as imports grew higher than market...

GO-JEK Acquires Three Fintech Firms to Strengthen GO-PAY Businesses

Cementing Leadership in Indonesia's Fast Growing Payments Market JAKARTA (TheInsiderStories) - GO-JEK,Indonesia’s mobile on-demand services and payment platform, has acquired three leading financial technology (fintech) businesses in...

Moody’s: Banking systems in Asia Pacific show stable outlook, but challenges apparent

Singapore -- Moody's Investors Service says that the banking systems in Asia Pacific overall show a stable outlook for 2018, but challenges are apparent in terms...