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Thursday, May 24, 2018
JAKARTA (TheInsiderStories)—The rise of Bank Indonesia’s (BI) interest rate by 25 basis points (bps) to 4.50 per cent was unable to hold rupiah weakening, as investors are more concerned with Indonesia’s current account deficit. Bank Indonesia raised on Thursday its key interest rate by 25 basis point (bps) to 4.50...
JAKARTA (TheInsiderStories) - International credit rating agency Fitch Ratings said that the recent depreciation of the rupiah may add pressure to developers in Indonesia which have a large portion of loans denominated in US dollar and already face slowing property demand. The Rupiah is the second worst performing currency in...
JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan to PT Tirta Amarta Bottling (TAB). The Agency representative on Monday (21/05) said the Attorney General Office has revealed the value of state losses reached Rp1.5...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets, BI Governor Agus Martowardojo said in a press conference on Thursday (17/5). The Indonesian Central Bank also...
JAKARTA (TheInsiderStories) - Indonesian prosecutors asked on Friday (18/5) the panel of judges at the South Jakarta public court to hand down a death penalty for Aman Abdurrahman, the alleged spiritual leader of Jamaah Ansharud Daulah (JAD), the nation's largest pro-IS terrorist group. Abdurrahman, who police and prosecutors say is a...
JAKARTA (TheInsiderStories) - Indonesia's venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) to invest up to US$5.0 million in participants of PayPal Incubator, a FinTech (financial technology) startup incubation program in Southeast Asia. Launched in 2016, PayPal...
JAKARTA (TheInsiderStories)- The provincial government of Jakarta will divest its entire 26.25 per cent stake in beer maker and distributor PT Delta Djakarta Tbk, Governor Anies Baswesdan said on Wednesday (16/5). Baswedan said the divestment is expected to fetch some Rp1 trillion, which will be used to create employment opportunities, build education facilities and support...
JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) launched three new stock indexes on Thursday (17/05) as an alternative reference for investors and traders in the market. It includes IDX High Dividend 20 that groups 20 publicly-listed companies, which regularly distributed dividends to its shareholders for the last 3 years and have...
JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets. The central...
JAKARTA (TheInsiderStories)—Indonesian government is expecting get an additional revenues Rp1.49 trillion (US$111.08 million) from the signing of seven gas sale agreements involving major producers and off-takers in the country, said one government agency. The gas sale agreements have been signed on Friday (4/5) in Jakarta. Head of Special Task Force for Upstream Oil...

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