Tuesday, November 21, 2017

BUMI targets sales volume to rise by 7%, coal price up 30% in 2017

JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX:BUMI), the country's largest coal producer targets coal sales volume rise of 5-7 percent for 2017 and coal price increase of 30 percent...

AKR Corporindo to issue Rp1 trillion of bonds

JAKARTA (TheInsiderStories) - PT AKR Corporindo Tbk (IDX:AKRA), a leading fuel and chemical supply chain company, announced its plan on Monday (May 8) to issue Rp1 trillion worth of...

Maybank Indonesia aborts sale of WOM Finance

JAKARTA (TheInsiderStories) - PT Bank Maybank Indonesia Tbk (IDX: BNII), has aborted the sale of a 68.55 percent equity interest in consumer financing firm PT Wahana Ottomitra Multiartha Tbk (IDX:...

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...

The Insider Stories Morning Notes – JCI expected to trade mix today, eyes on...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today ahead of the weekend. Some investors likely to continue to accumulate selected stocks that are expected to show improved...

SOE Ministry dismisses Budi Tjahjono as president director of Askrindo

JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has decided to sack Budi Tjahjono as President Director of Askrindo, after the Corruption Eradication Commission (KPK) declared him as a...

Indonesia moves up to third of the Projected US$220 Billion Muslim Travel Market

  Mastercard-CrescentRating Global Muslim Travel Index 2017    Indonesia jumps one spot to gain the third spot behind Malaysia and UAE of the list of OIC and non-OIC markets Japan and Taiwan...

Medco plan for stock split 4 to 1 share

JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) filed notice to the Financial Services Authority that it will request shareholders to approve a 4 for 1 stock split at the forthcoming June 16th 2017...

Indofood issues Rp2 trillion bonds for refinancing

JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX:INDF) is issuing bonds worth Rp2 trillion, the proceeds of which will be used to repay the principal of previous issued bonds,...

Ashkara Danadiputra appointed as new Pelindo III CEO

JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has appointed I Gusti Ngurah Askhara Danadiputra as new President Director of state port operator PT Pelindo III, replacing Orias...

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Political Review : Setya Novanto, the Real Test for Jokowi in Combating Corruption

JAKARTA (TheInsiderStories) - Despite its noble ambitions to achieve developmental goals, Indonesia is currently dealing with a mega-scandal of Electronic ID (E-KTP) corruption, involving the top politician in the...

Political Review: Karnavian Assures Security Condition Under Control

JAKARTA (TheInsiderStories) – Indonesia’s National Police Chief Tito Karnavian assured investors and business players on Monday (20/11) that the national security situation will remain...

SOE Ministry Shakes Up Peruri Board

  JAKARTA (TheInsiderStories) - Ministry of State Owned Enterprises (SOEs) shakes up board of directors of Perum Peruri, stated owned paper money printing company. Dwina...

Moody’s: ABM Investama’s expected increase in debt is credit negative; ratings unaffected

Singapore -- Moody's Investors Service says that the increase in debt following the announcement by PT ABM Investama Tbk (Ba3 stable) of a tap issuance under...

Daily Business Briefs  – Nov 21

JAKARTA (TheInsiderStories) – Good morning. We offer you several relevant news that might help your business decisions today: SOE Ministry Shakes Up Money Printing Firm Board...

Political Review: Golkar’s Support for President at Stake as Party Chairman Detained by KPK

JAKARTA (TheInsiderStories) – Golkar Party's support for President Joko Widodo government is likely at stake as the party is reportedly preparing an extraordinary congress in...