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Jakarta
Wednesday, July 18, 2018
JAKARTA (TheInsiderStories)--The state-owned mining company PT Indonesia Asahan Aluminium (Inalum) has received US$5.2 billion loan offers from 11 local and foreign banks to increase the company stake in PT Freeport Indonesia to 51 per cent, said the President Director Budi Gunadi Sadikin on Thursday (12/07). Inalum will not take all...
JAKARTA (TheInsiderStories) - Policy makers across Southeast Asia are turning their focus on bolstering their domestic markets to cushion the blown from the U.S and China trade war play out. That also includes Indonesia which has huge dependency on trade from the two giant nations. U.S President Donald Trump said on...
JAKARTA (TheInsiderStories)--Indonesia's financial technology (FinTech) peer to peer (P2P) firms had disbursed loans totalling Rp7 trillion (US$486.435 million) by June 2018, FinTech Licensing and Supervision Arrangement Director of Financial Services Authority  (FSA) Hendrikus Passagi said on Friday (13/07). It grew 173.4 per cent from Rp2.56 trillion (US$177.903 million) by the end...
JAKARTA (TheInsiderStories)--After years of discussion, the Indonesian government and U.S's miner Freeport-Mcmoran Gold & Copper Inc. (NYSE: FCX) will sign the head of agreement of PT Freeport Indonesia (PTFI) today, said Indonesian president on Thursday (12/07). No further details on the agreement. Indonesian President Joko Widodo on Thursday (12/07) said Freeport and...
JAKARTA (TheInsiderStories) - Indonesian miner, Nickel Mines Limited (ASX: NIC) launched AUS$200 million's initial public offering (IPO) to fund the acquisition, exploring and developing nickel projects, the company announced on Friday (13/07). The Company offers 571,428,572 shares at an Offer Price of $0.35 per share and is aiming to list...
JAKARTA (TheInsiderStories) - Siam Cement Group (SCG), one of the leading business conglomerates in Southeast Asian become a strategic shareholder in Indonesia's PT Catur Sentosa Tbk Adiprana (IDX: CSAP) via rights issue, said the company on July 16. SCG Retail Holding Company Limited, a subsidiary in business cement-building materials entered CSAP through the capital...
JAKARTA (TheInsiderStories) - Indonesia's state-owned enterprises PT Indonesia Asahan Aluminium (Inalum) takeover 45.78 percent shares of PT Freeport Indonesia (PTFI) from Freeport-McMoRan Gold & Copper Inc. (NYSE: FCX) with worth US$3.85 billion, said one senior official on Thursday (12/07). Currently Inalum and PT Indocopper Investama, local unit of Freeport-Mcmoran have 9.36...
JAKARTA (TheInsiderStories)--Moody's Investors Service said four Indonesia's companies namely PT MNC Investama Tbk (IDX: BHIT, B3 negative), PT Gajah Tunggal Tbk (IDX: GJTL, B2 stable), PT Lippo Karawaci Tbk (IDX: LPKR, B2 negative), and PT Alam Sutera Realty Tbk (IDX: ASRI, B2 stable) are most exposed to currency depreciation...
JAKARTA (TheInsiderStories) - Moladin, the first online platform to buy motorcycle in Indonesia, has raised a US$1,2 million funding from East Ventures, Berjaya Group and Ethos Partner, said the company today (12/07). The fresh fund will be used to help Moladin’s expansion and growth across the country. Since it’s official launch in November...
JAKARTA (TheInsiderStories)--Chevron Pacific Indonesia decided to withdraw Makassar Strait block in the Indonesia Deepwater Development (IDD) project due to poor investment return. Upstream Oil and Gas Regulatory Special Task Force Chairman Amien Sunaryadi said on Wednesday (11/07)  the American company had completed a study to continue the contract in Makassar...

Latest article

Indonesia’s Nippon Indosari to Buy Back 10% Stake

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