Sunday, October 22, 2017

AirAsia, Everbright, Henan government set up LCC service in Tiongkok

JAKARTA (TheInsiderStories) - AirAsia Berhad signed the memorandum of understanding (MoU) with Everbright and Henan Government Working Group to develop low cost carrier (LCC) in Tiongkok. The third parties will establish joint venture...

Two explosions hit Kampung Melayu terminal, 1 police officer killed and few others injured

JAKARTA (TheInsiderStories) – Two explosions hit Kampung Melayu bus terminal at around 21.00 on Wednesday, killing one police officer and injuring at least four other police officers. Deputy Police Chief...

Sarana Menara purchases 13.32% shares from shareholders for US$406 million

JAKARTA (TheInsiderStories) - Publicly listed tower operator, PT Sarana Menara Nusantara Tbk (IDX: TOWR) purchase 1.35 billion shares or representing 13.32 percent of the total issued and paid up shares in...

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...

Trafoindo to raise up to Rp480b through IPO

JAKARTA (TheInsiderStories) - PT Trafoindo Prima Perkasa aims to raise between Rp384.5-Rp480 billion from initial public offering (IPO). In a public presentation on Monday, the company disclosed that it...

Daily Business Briefing – Sept. 21

JAKARTA (TheInsiderStories) – Good morning. We offer you several relevant news that might help your business decisions today : Mitsui Enters Indonesian Dairy Market Mitsu & Co is getting into the dairy business...

IDB provides loan facilities US$12.2 billion, Indonesia gets US$995 million

JAKARTA (TheInsiderStories) - The Islamic Development Bank (IDB) announced to providing loan facilities US$12.2 billion including to Indonesia and other countries, the president Bandar Hajjar disclosed on Monday at the sideline 42th...

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...

Four SOEs offers asset-backed securities Rp15 trillion

BOGOR (TheInsiderStories) - Four state-owned enterprises (SOEs) will offer asset-backed securities with total amount Rp15 trillion in this year, said the minister last week. Power producer PT Perusahaan Listrik Negara...

Indonesian palm oil export rises 20% to Europe amid negative campaign

JAKARTA (TheInsiderStories) - Trade Minister Enggartiasto Lukita said that Indonesia’s palm oil export to Europe has increased around 20 percent despite European Union’s moratorium on the export of the...

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President Widodo’s 3rd Year: Many Targets Met, Others Need to Improve 

JAKARTA (TheInsiderStories) - Joko Widodo has marked his performance as President of Indonesia for the past three years. Many of strategic initiative objectives have been met while...

President Widodo 3rd Year: Economy on Track

JAKARTA (TheInsiderStories) - The economy is doing well and now the government has put in place all the necessary policies to achieve the growth trajectory that...

Bukit Asam, PLN Signs PPA Sumsel 8 Power Plant

Jakarta (TheInsiderStories) – State-owned mining company PT Bukit Asam Tbk (IDX:PTBA) through PT Huadian Bukit Asam Power, a joint venture company with China Huadian...

PwC: Next generation of family business leaders embracing digital change, but facing hurdles

JAKARTA (TheInsiderStories) - Among the next generation of family business leaders, three in four have big plans to take their business forward. However, generational challenges persist,...

Daily Business Briefing – Oct. 20

JAKARTA (TheInsiderStories) - Good morning, here we provide several pieces of important news that might help your business decisions today: Indonesia Central Bank Holds Fast on...

Indonesian Government to Revises Online Transportation Rule

Jakarta (TheInsiderStories) - The Indonesian Government is going to launch new norm on online transportation, which aims to manage the mushrooming of online services...