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Jakarta
Wednesday, November 21, 2018
JAKARTA (TheInsiderStories.com) - Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached US$11.93 billion, declined by 10.20 percent from previous month, but rose 10.31 percent from the same month last year. As...
JAKARTA (TheInsiderStories) - On May 19, 2017, we raised the sovereign credit rating on Indonesia to 'BBB-/A-3' from 'BB+/B' with a stable outlook. • As a result, we are raising the corporate credit ratings on seven Indonesian companies. • At the same time, the ratings on two state-owned Indonesian companies remain...
By Brian Jackson, China Economist, IHS Markit Key Points: China's official manufacturing purchasing managers' index (PMI) was unchanged at 51.2 in May, according to a release from the National Bureau of Statistics. The index declined in April from a five-year high of 51.8 in March. Output expanded at a slower...
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 shares, in an initial public offering (IPO). Halim Rusli said the company sets IPO price at Rp2100315 shares Apart from producing...
JAKARTA (TheInsiderStories) - Lippo Group on Thursday (May 4) revealed its plan to develop new satellite town in West Java, on the Jakarta-Bandung corridor, with estimated investment of Rp278 trillion. The new satellite town will be called Meikarta. Meikarta satellite town will be developed on 22,000,000 square meters of land....
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 China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd to pay debt, said one official. The signing of a share...
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 quality, as well as the capacity by the government to extend support when necessary. "Indonesian banks will benefit from an improving...
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 of hundreds of millions of dollars and the move marks the company's accelerated expansion into Southeast Asia followed its competitor...
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 company official. Portion of the capital expenditure will be obtained from its subsidiary PT Saka Energi Indonesia that has raised...
JAKARTA (TheInsiderStories) - Tanjung Kelayang Special Economic Zone (SEZ) in Bangka Belitung provicne began flooded by investment worth US$1,06 million (Rp14 trillion) to build of ports, hotels and resorts, the senior official said. Coordinating Minister for Economic Affairs Darmin Nasution, Minister of Transportation Budi Karya Sumadi, Bangka Belitung Island Governor Erzaldi...

Latest article

Morning Briefing: Indonesia Postponed Jakarta-Bandung HST, LRT Projects

JAKARTA (TheInsiderStories) — Good morning! Transportation Ministry postponed the development of two national strategic projects namely Jakarta-Bandung High Speed Train (HST) and Light Rail Transit...

French Michelin, South Korean Hankook Eyes Indonesian Tyre Maker Multistrada’s Shares

JAKARTA (TheInsiderStories) - A number of global tyre companies have shown their interest in acquiring Indonesia’s tyre maker, PT Multistrada Arah Sarana Tbk (IDX: MASA),...

Indonesian Gov’t Call Off to Revokes First Media Frequency License

JAKARTA (TheInsiderStories) - Indonesian internet provider, PT First Media Tbk (IDX: KBLV), PT Internux, dan PT Jasnita Telekomindo' 2,3 GHz frequencies revoke was delayed from plan....

Morning Briefing: Bank Indonesia Sees Lower Economic Growth

JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia lowering the 2019’s economic growth projection, in accordance with the 7-Day Reverse Repurchase (7-DRR) rate increase...

Indonesia, China Renew Bilateral Local Currency Swap Arrangement

JAKARTA (TheInsiderStories) — Bank Indonesia and People's Bank of China (PoBC) renew its cooperation over bilateral local currency swap arrangement and doubling the amount from...

Indonesia’s Investment Coordinating Board Appoints Four New Deputy

JAKARTA (TheInsiderStories) - Head of the Investment Coordinating Board Thomas Trikasih Lembong appointed four new deputy at his agency on Monday (19/11). The four new...