Saturday, August 19, 2017

Integra Indocabinet to raise up to Rp848b via IPO

JAKARTA (TheInsiderStories) – PT Integra Indocabinet Tbk, a furniture producer, aims to raise fresh funds between Rp565-Rp848 billion through selling 35 percent of its shares or 2.69 billion unit...

Chinese JD.com in talks to acquire major stake in Tokopedia

JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator Tokopedia. Sources indicate JD will invest...

Moody’s changes outlook for Indonesian banking system to positive from stable

Moody's Investors Service has changed its outlook on the Indonesian banking system to positive from stable, reflecting their view that banks will see improvements in their operating environment, asset...

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...

Bumi Resources Minerals sell Dairi Prima to China Nonferrous

JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit PT Dairi Prima Mineral to...

Qatar, Major Issue but Not A Factor

JAKARTA (TheInsiderStories) - The heating of political tension in the Middle East marked by the decision of several Arab countries (Saudi Arabia, the United Arab Emirates/UAE, Bahrain, Egypt) to cut diplomatic...

Bank Indonesia holds the benchmark rate at 4.75%

JAKARTA (TheInsiderStories) - Bank Indonesia hold its benchmark rate  at 4.75% to maintain macroeconomic and financial stability as well as to support domestic economy recovery amid global volatility risks. "Board...

Bank Bukopin to launch rights issue

JAKARTA (TheInsiderStories) - PT Bukopin Tbk plans to launch rights issue with maximum limit of 30 percent of the company's total shares, or 2.725 billion unit shares out of...

HK Realtindo developing 3 new property projects worth Rp1.9 trillion

JAKARTA (TheInsiderStories) - State owned property firm PT HK Realtindo, a subsidiary of state owned construction company PT Hutama Karya, has acquired a total of 80 hectares of land...

Garuda Indonesia launches Denpasar-Chengdu direct flight

JAKARTA (TheInsiderStories) - Flag-carrier Garuda Indonesia has officiated direct flight from Denpasar to Chengdu, as part of the company's drive to expand its international routes. The inauguration of the flight,...

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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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