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Jakarta
Thursday, December 13, 2018
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 of 2017 on Amendment to Government Regulation Number 79 of 2010 on Restricted Operating Cost and Treatment of Income Tax...
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...
JAKARTA (TheInsiderStories) - Indonesia is poised to become a digital powerhouse in Southeast Asia. However, this can only be fully realised if the country provides mobile operators access to vital spectrum bands, according to GSMA report. The study estimates that assigning 700 MHz to mobile broadband would deliver economic benefits of US$11...
JAKARTA (TheInsiderStories) - Transportation Minister Budi Karya Sumadi said Indonesian government has plan to extend Kertajati Airport runway in West Java build by state-owned airport operator PT Angkasa Pura (AP) II. "The obligation of AP II to carry out the runway extension to be three thousand meters can be carried...
JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina announced that it has commenced tender offers to purchase for cash any and all of the outstanding 2021 Notes and 2022 Notes (together with the 2021 Notes), said the company today. Previously, the state-owned company announced to offer global medium term notes to investors...
JAKARTA (TheInsiderStories) -  Indonesian logistic provider, PT Dewata Freight International Tbk (DFI), aimed to be listed in Indonesia Stock Exchange (IDX) this year. The logistics company is eyeing up to Rp49.5 billion (US$34.13 million) from the Initial Public Offering. The company planned to inject Rp16 billion capital to its subsidiary, PT Dewata...
JAKARTA (TheInsiderStories) - Indonesian government is offering a Komodo Airport development project in Labuan Bajo, East Nusa Tenggara to the private sector through the public private partnerships (PPP) scheme, said one government official on Tuesday (25/09). This project is planned to enter the auction stage in October. The development of Komodo Airport...

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Indonesian Gov’t Dilemma Face the Papua Problems

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Batam Indonesia Free Zone Authority to Manage by Regional Government

Jakarta (TheInsiderStories) -- In a limited meeting in the President office, Joko Widodo decided the Batam Indonesia Free Zone Authority (BIFZA) will manage by the...

Insight: 212, Is Indonesian Islamic Populism Rising?

JAKARTA (TheInsiderStories) – The big alumni reunion took place again, two years after its founding at the end of 2016. The 212 groups was...

Indonesia’s Tokopedia Receives New Funding of US$1.1B from Alibaba, Softbank

JAKARTA (TheInsiderStories) - One of largest marketplace operator in Indonesia, PT Tokopedia received new funding of US$ 1.1 billion from the Japan' Softbank Vision Fund...

Bank Indonesia Plans to Publish Sharia Bond for Monetary Instrument

JAKARTA (TheInsiderStories) - Indonesian central bank (BI) plans to issue short-term Sharia bond as a new monetary instrument and to support Islamic financial markets, said the...

Indonesian Anti-Graft Investigates Former West Java Deputy Governor on Meikarta Case

JAKARTA (TheInsiderStories) – Indonesian Corruption Eradication Commission (CEC) to investigate former Deputy Governor of West Java, Deddy Mizwar today (12/12) on the Meikarta project' bribery...