Saturday, August 19, 2017

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has also assigned a definitive B2...

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment to PT Tokopedia, one of...

Indonesia State Budget Realistically Leads To Conservatives

JAKARTA (TheInsiderStories) - The The Indonesian government is optimistic that economic growth in 2018 could be in the range of 5.4 percent, said President Joko Widodo in his speech...

Pertamina Net Income Shrunks to US$1.4 billion Amid Stagnant Oil Price

JAKARTA (TheInsiderStories) - The largest energy provider in Indonesia, PT Pertamina's profit shrunk 24 percent to US$ 1.4 billion in the first half (1H) of 2017 amid the low oil...

Indonesian President: Government Focus on The Equatable Economic Equity in 2018

JAKARTA (TheInsiderStories) - President of Indonesia Joko Widodo asserted in the third year of his administration will focus on the equitable economic equity. He said, government want the society to...

Indonesia Trade Balance Turn to Deficit US$270m in July

JAKARTA (TheInsiderStories) - Indonesia’s trade balance turn to the deficit of US$270 million for the first time since December 2015 record surplus in July 2017, the Central Bureau of Statistics...

Indonesia: playing catch-up by DBS

by Gundy Cahyadi, Economist from DBS Group Research A stronger and sustainable GDP growth will help the case for further rating upgrades That higher investment-to-GDP ratio has yet to translate...

Philippines AG&P, Indonesian Energy Firm Build Power Plant in Bantaeng

JAKARTA (TheInsiderStories) - Philippines-based, Atlantic, Gulf and Pacific Company (AG&P) partnering with Indonesian energy firm, PT Energi Nusantara Merah Putih (ENMP) plans to develop a 600 megawatts (MW) combined-cycle power plant...

Japan’s Economic Growth Beyond Expectation, Lead Asia Pasific Market Favors

JAKARTA (TheInsiderStories) - Japan’s economic growth in the second quarter (Q2) of 2017 expanded 4 percent on the quarter on quarter (q/q) basis compared to last year, IHS Markit...

Moody’s: Asian high-yield corporates to record low default rate at end-2017

Hong Kong -- Moody's Investors Service says that the default rate for Asian high-yield non-financial corporates will remain low, registering 2.9% at end-2017. "The low projected default rate reflects broad-based global growth,...

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Fitch: Indonesia Regulation to Benefit Bond Issuers in Long Term

JAKARTA (TheInsiderStories) - Fitch Ratings believes that the Indonesian authorities' recent initiatives to cut borrowing costs and support economic growth will not have immediate...

Govt Proposes $30b Infrastructure Spending in 2018. For What?

JAKARTA (TheInsiderStories) - The Indonesian Government proposed Rp409 trillion or $30.3 billion for infrastructure spending next year to the legislative. Why should the government...

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has...

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment...

Indonesia State Budget Realistically Leads To Conservatives

JAKARTA (TheInsiderStories) - The The Indonesian government is optimistic that economic growth in 2018 could be in the range of 5.4 percent, said President...

Pertamina Net Income Shrunks to US$1.4 billion Amid Stagnant Oil Price

JAKARTA (TheInsiderStories) - The largest energy provider in Indonesia, PT Pertamina's profit shrunk 24 percent to US$ 1.4 billion in the first half (1H) of...
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