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Jakarta
Thursday, December 13, 2018
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) - 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...
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) -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) - 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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Indonesian Gov’t Dilemma Face the Papua Problems

JAKARTA (TheInsiderStories) – Recently, humanitarian disasters have struck Indonesia, the earthquake in Lombok to the massacres of dozens workers and soldiers in Papua. They...

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...