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Jakarta
Wednesday, November 21, 2018
JAKARTA (TheInsiderStories) - Overcoming the problem of the current account deficit (CAD) in the trade balance, Coordinating Minister for Maritime Affairs (CMMA) Luhut Binsar Panjaitan made eight decisions to boost exchange rates revenues from tourism sector. In the meeting with several ministries, institutions and the Regional Government in Yogyakarta on...
JAKARTA (TheInsiderStories) - Indonesian dairy industry is set for exponential growth this year due to significant shifts in how Indonesian consumers view health and lifestyle. Indonesia’s dairy industry and dairy products industry is undergoing a boom with market demand rising by over 10 per cent on an annual basis for...
JAKARTA (TheInsiderStories) - Canadian venture exchange oil and gas publicly traded company, Sonoro Energy Ltd. (TSXV: SNV) has entered into a strategic alliance agreement with one of Indonesia's largest companies to develop oil and gas activities in Budong Budong Production Sharing Contract (PSC) as joint partners, it said on Tuesday (11/09). This strategic relationship...
JAKARTA (TheInsiderStories) - Moka, a fast-growing Indonesian cloud-based point-of-sale system, has raised US$24 million Series B round led by Sequoia India. The round included new investors SoftBank Ventures Korea, Singapore-based EDBI, EV Growth, as well as existing investors PT Mandiri Capital, Convergence, and Fenox. The new capital will give the company...
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B2 corporate family rating of Alam Sutera Realty Tbk (P.T.) and affirmed the B2 backed senior unsecured rating of the 2020 notes and 2022 notes issued by Alam Synergy Pte. Ltd., a wholly owned subsidiary of the company. The notes are guaranteed by Alam Sutera and...
JAKARTA (TheInsiderStories) - Former Social Minister Idrus Marham has been detained for the next 20 days by Indonesia' Corruption Eradication Commission in connection with bribery case for Riau-1 coal fired power plant project. On Friday (31/O8), Marham walked out of the Corruption body's lobby at 6.25 p.m . He was guarded to...
JAKARTA (TheInsiderStories) – Executive Director of Median  Rico Marbun has likened President Joko Widodo and Prabowo Subianto as two military generals who applied different war strategies in their political campaigns to win the presidential election in 2019. “President Widodo and his running mate Ma’ruf Amin use scorched earth strategy to destroy...
JAKARTA (TheInsiderStories) - Indonesian cellular operator PT XL Axiata Tbk (IDX: EXCL) published two debt securities under a two-year program with total amount Rp2 trillion (US$68.96 million), it said on Thursday (13/09). The unit of Malaysian Axiata Group Bhd has planned to issue debt securities with total amount Rp5 trillion...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo and Vietnam President Tran Dai Quang are committed to develop the economic cooperation between the two countries, it said in official statement on Tuesday (11/09). "In the past three years, our trading trend has been quite good and reached a value of US$6.8 billion. We...
JAKARTA (TheInsiderStories) - Four global leaders meeting this September will give major influences to the global market amid the high tense in Korean Peninsula. North Korean leader Kim Jong Un has requested a second summit with United States (US) President Donald Trump after their first meeting in Singapore. At the same time...

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...