Tuesday, October 24, 2017

Moody’s assigns (P)Baa3 rating to PLN’s proposed global MTN notes

Singapore -- Moody's has assigned a provisional (P)Baa3 rating to the proposed $2.0 billion global medium term notes (GMTN) programme of Perusahaan Listrik Negara (P.T.) (PLN). At the same time, Moody's has...

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...

Citilink to serve Jakarta-Dili route from may 12

JAKARTA (TheInsiderStories) - Budget airline Citilink, a subsidiary of Indonesian flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) has revealed its plan to serve new international route, namely from Jakarta to...

The Insider Stories Morning Notes – JCI expected to move sideways, awaiting for fresh...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today, as players are likely to refrain from making aggressive moves due to lack of strong fresh leads. Desmond Wira, a...

Sritex Q1 net profit rises by 7.8%

JAKARTA (TheInsiderStories) - Textile and garment producer PT Sri Rejeki Isman Tbk (IDX:SRIL) recorded net profit of US$17.7 million in the first quarter 2017, rose 7.8 percent from the...

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 suffers net loss of $99.08m in Q1 on higher operating expenses

  JAKARTA (TheInsiderStories) - The newly appointed President Director of PT Garuda Indonesia Tbk (IDX:GIAA) Pahala N. Mansury, has one huge task on his hand, namely turning the company in...

Bakrie Group, Century Properties develop several projects in Philippine

JAKARTA (TheInsiderStories) - Indonesian conglomerate Bakrie Group and The Century Properties group is entering a joint venture with  to develop several projects in the Philippines, local news agency reported. Century said...

The Insider Stories Morning Notes – JCI expected to move higher, eyes on economic...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today supported by capital inflow. The gains may be limited as some players are likely to await for the release...

Taiwan’s Kenda Rubber set up plant in Indonesia

JAKARTA (TheInsiderStories) - Kenda Rubber Industrial Co., Ltd., one of the two major tire makers in Taiwan, through its unit PT Kenda Rubber Indonesia has set up a plant, located in Serang...

Latest article

State Budget Review: Incentives Yet to Lift Manufacturing Sector

JAKARTA (TheInsiderStories) - A various incentive packages granted by the government has yet to translate to higher manufacturing activity and reverse the pattern on what many...

State Budget Review: Need Creativity on Revenue’s Sources

JAKARTA (TheInsiderStories) - Over reliance on tax revenue to finance state budget raises question on the President Joko Widodo’s administration to achieve higher economic growth and...

Executive Views: AP II Support Domestic Tourism Expansion

JAKARTA (TheInsiderStories) - The Government of Indonesia has announced 10 new destination brands, in support of the Wonderful Indonesia campaign, in the attempt to...

Qatari Nebras Power, PLN, PJB Signs US$1 Billion Projects

JAKARTA (TheInsiderStories) - Qatari Nebras Power Q.P.S.C., in collaboration with state-owned power producer PT Perusahaan Listrik Negara (PLN) and its unit PT Pembangkit Jawa Bali (PJB)...

Daily Business Briefing – Oct. 24

JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: PP Presisi Seeks Rp2.3 trillion from...

BI to Start Euro Hedging Transaction Oct. 25

JAKARTA (TheInsiderStories) - Indonesia’s central bank (BI) has announced it will permit hedging transactions in Euros, starting on Wednesday, Oct. 25, to support efforts to broaden the use...