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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) - Nine subsidiaries of state-owned enterprises (SOEs) ready to go IPO (initial public offering) followed President Joko Widodo instruction to utilize capital market to get fresh funds. Minister of State-Owned Enterprises Rini Soemarno confirmed her ministry preparing several SOE's unit to list their shares at Indonesia Stock Exchange (IDX) 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) - 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) - Local Government of East Java through The Surabaya-Madura Regional Development Board (BPWS) offered new projects worth Rp53.1 trillion (US$4 billion) to investors, an official said on Monday (31/7). The projects located in Surabaya Madura (Suramadu) Bridge areas and Madura Special Region. One of the projects which offered...

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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...