Monday, August 21, 2017

SKK Migas, BPH Migas to be merged into a special oil and gas agency

JAKARTA (TheInsiderStories) - The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) and the Downstream Regulatory Agency for Oil and Gas (BPH Migas) will be merged into a special oil...

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...

China’s Sinopec, Kuwait Petroleum interested to buy Bontang refinery shares

JAKARTA (TheInsiderStories) - China's Sinopec Group and Kuwait Petroleum Corporation interested to acquire part of participating interests in Grass Root Refinery (GRR) Bontang in East Kalimantan owned by state-owned energy...

BNI leads syndicated loan Rp3.2t for Pemalang-Batang toll road  

JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) leads a syndicated loan amounting to Rp3.2 trillion for the financing of the construction of Pemalang - Batang toll road project...

The Insider Stories Morning Notes – JCI expected to be mixed as capital inflow...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today, with shares gains supported by capital inflow are likely to be offset by moves of some investors to cash...

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,...

MedcoEnergi awarded US$24 million arbitration’s claims vs Singapore Petroleum

JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (“IDX: MEDC)) announced today that an UNCITRAL Arbitration Tribunal has awarded its Singapore based wholly-owned subsidiary Medco Strait Services Pte Ltd approximately US$24 million pursuant...

ADB to disburse US$600m loan for irrigation system in Indonesia

JAKARTA (TheInsiderStories) - The Asia Development Bank (ADB) will disburse loan US$ 600 million to improve its irrigation system in Indonesia. ADB said in a press statement, that the program will...

ConocoPhillips gas project in South Sumatera starts ahead of schedule

JAKARTA (TheInsiderStories) -  Sumpal gas compression project in Corridor Block, South Sumatra managed by PT ConocoPhillips Indonesia begins faster than the initial target of July, 2017. Energy and Mineral...

The Insider Stories Morning Notes – JCI expected to go up on positive global...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up today supported by positive global markets and buying interest in selected big caps. On Monday, the Jakarta Composite Index (JCI) opened higher...

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...
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