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Jakarta
Wednesday, July 18, 2018
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)  -​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 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) -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...
 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...
Indonesia has retained its top ten ranking in A.T. Kearney’s 2017 Global Retail Development Index (GRDI), released today. Indonesia was ranked 8th in this year’s Index, highlighting the country’s resilient retail sector amidst fierce competition from other emerging economies. The GRDI, now in its 16th edition, ranks the top 30...
JAKARTA (TheInsiderStories) -Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra and prepared to invest up to 10 billion euros (over than Rp100 trillion), said one official. Tanjung Api-api SEZ focus on three main industries rubber, oil palm and petrochemical. “They will develop oil refinery, storage tanks,...

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