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Thursday, December 14, 2017
JAKARTA (TheInsiderStories) – State-owned construction company PT Adhi Karya Tbk (IDX:ADHI) announced its plan on Wednesday to issue bonds worth Rp3.5 trillion to partly funds the light rapid transport (LRT) in the Greater Jakarta area (Jabotabek), as the government drafting ruling to provide political and investment guarantee. The bonds will...
JAKARTA (TheInsiderStories) - Bank Indonesia's (BI) Consumer Confidence Index (CCI) stood at 125.9 in May--the highest level since June 2000--due to confidence over current economic conditions and an upward trend in expectations, the central bank said on Wednesday. Last April, the consumer index was 123.7. According to its components, the rise in CCI was...
JAKARTA (TheInsiderStories) - National oil company, PT Pertamina targeting this year's net profit to exceed US$3 billion by making $1 billion of efficiency and business expansion, said the company on Wednesday. Last year, the company's net profit reached $3.15 billion. In the first quarter (Q1) of 2017, net profit of the state-owned...
JAKARTA (TheInsiderStories) - The Indonesian government is pushing more private sector, including pension funds, to involve in the infrastructure sector, by investing in the government’s national strategic infrastructure projects. According to the Financial Services Authority (OJK) rule, pension funds can invest their money in real sector with a maximum of only 10...
JAKARTA (TheInsiderStories)  -​Indonesia's Gross Domestic Product (GDP) growth in the first quarter of 2017 reached 5.01 percent, higher compared to the same period last year which grew by 4.92 percent, led by the growth in the agricultural sector. The Central Bureau of Statistics (BPS) revealed that the agricultural sector which contributed 13.59...
JAKARTA (TheInsiderStories) - Wimboh Santoso elected as the Chairman of the Board Commissioners of the Financial Services Authority (OJK) for the period of 2017-2022 replacing Muliaman Hadad. Last night, Wimboh defeated Sigit Pramono in the voting process at the House of Representatives (DPR). Wimboh started his bureaucrats career in Bank Indonesia as a banking...
 JAKARTA (TheInsiderStories) – The Indonesian government has proposed US$28 billion worth of infrastructure projects during to China during the recent Belt & Road Forum (BRF), National Development Planning Minister and Head of National Development Planning Agency (Bappenas) Bambang PS Brodjonegoro said. The BRF held last week was also attended by...
JAKARTA (TheInsiderStories) - Chairman of the Investment Coordinating Board Thomas Lembong expects up to $10 billion investment in Indonesia in the next two years after ratings agency Standard & Poor’s upgraded Indonesia’s credit rating. The rating agency upgraded Indonesia’s credit rating to investment grade (BBB-) with a stable outlook. Menawhile, Manado International...
JAKARTA (TheInsiderStories) - Indonesia recorded slight increase of Consumer Price Index (CPI) in April 2017 by 0.09 percent month-to-month (mtm), driven by the decreasing price of staple foods which compensate the increasing price of electricity price, the Central Statistics Agency (BPS) announced. Staple food group became the only one group...
JAKARTA (TheInsiderStories) -French multinational electric utility company ENGIE and developer of private micro networks Electric Vine Industries (EVI) collaborated on a US$240 million project to provide energy in Papua Island, said the company in a press statement. This partnership will provide energy to 3,000 villages over a 20-years period. ENGIE and EVI will...

Latest article

ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company,...

The Fed Rates Hike 0.25%, Signals Three More in 2018

JAKARTA (TheInsiderStories) - U.S's Federal Reserves raising the interest rates by a quarter point to 1.5% for the third time this year and foresees three additional...

Industry Review: Indonesia Catching Up with Renewable Energy Development

JAKARTA (TheInsiderStories) - Indonesia has so far been moving at a snail’s growth in the development of renewable energy, for various reasons. However, this...

Hary Tanoe Requests IDX to Halt MNCN Stocks Trading

JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange...

World Bank Sees Indonesia GDP to Accelerate by 5.3% in 2018

JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger...

Golkar Support to Government Unchanged as Hartarto Takes Party Helm

JAKARTA (TheInsiderStories) - Indonesia's second largest political party, Golkar announced that the party's plenary meeting on Wednesday night (13/12) has agreed to appoint the...