Monday, August 21, 2017

Ego Syahrial Serves as Director General of Oil and Gas

JAKARTA (TheInsiderStories) - Ego Syahrial was sworn as Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (MEMR), replacing I Gusti Nyoman Wiratmaja Puja,...

Asahimas investing $167m in new glass plant

JAKARTA (TheInsiderStories) - PT Asahimas Flat Glass Indonesia Tbk has started the construction of its new glass plant in Cikampek, West Java with total investment of US$167 million or around...

Oil and Gas Investment Continues to Decline

JAKARTA (TheInsiderStories) - Investment in the oil and gas sector in Indonesia during the first half of this year reached US$4.8 billion or decline compared to the same period...

Perusahaan Gas Negara sets capex US$500 million in 2017

JAKARTA (TheInsiderStories) - PT Perusahaan Gas Negara Tbk (IDX: PGAS), publicly listed state-owned gas distributor, has set capital expenditure (Capex) of US$ 500 million for this year, said a...

Toba Bara sets capex of US$60-65M in 2017, Q1 sales down 1.4%

JAKARTA (TheInsiderStories) - PT Toba Bara Sejahtra Tbk (IDX:TOBA), a coal producer,  said it has set aside capital expenditure (Capex) for 2017 at US$60-65 million, of which 85-90 percent...

PLN get loan facilities JPY27 billion, US$142 million from Japan’s bank

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), a state-owned power producer signed a loan agreement for buyer's credit up to JPY27 billion and US$142 million with Japan Bank for International Cooperation...

Indonesia forex reserve stood at US$124.95 billion in May

JAKARTA (TheInsiderStories) - Indonesia’s foreign exchange (forex) reserve stood at US$124.95 billion as of end-May 2017, higher than the end of April 2017 at US$123.25 billion thanks to foreign exchange earning...

State owned SMF to issue Rp1 trillion bonds

JAKARTA (TheInsiderStories) – State owned home mortgage financing comp;any PT Sarana Multigriya Finansial is issuing bonds worth Rp1 trillion, aiming at raising fresh funds to expand its home financing...

Amman Mineral’s plan to develop $1.6b smelter plant moves ahead

JAKARTA (TheInsiderStories) - PT Amman Mineal Industri, previously known as PT Newmont Nusa Tenggara (NTT) is making progress with its plan to develop smelter plant with planned capacity of 2...

Pupuk Indonesia offers bond Rp 3.6 Trillion to repay debt

JAKARTA (TheInsiderStories) - Indonesian fertilizer producer PT Pupuk Indonesia offered Rupiah bonds up to Rp3.6 trillion from a total target in two years term Rp 10 trillion. The unsecured debt securities has received an AAA...

Latest article

Freeport Indonesia loses $3m due to ex-workers strike

JAKARTA (TheInsiderStories) - Freeport McMoran Inc unit in Indonesia estimates losses reached $3 million after hundreds of former workers damage company's assets over unemployment...

Garuda Indonesia Targets Become Integrated Airlines Services

Jakarta (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carriers is ready to become Garuda targets to be an integrated airline...

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...
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.