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Jakarta
Thursday, December 14, 2017
JAKARTA (TheInsiderStories) - The Indonesian government has revealed a plan to impose import duties on intangible goods tradable on ‘on-line platforms’ – such as e-books, software, and online archives. The new protocol was initiated by Finance Minister Sri Mulyani Indrawati, with the objective of broadening State Revenue streams in upcoming...
JAKARTA (TheInsiderStories) - Indonesian toll-road operator PT Jasa Marga Tbk (IDX: JSMR) has opened the offshore rupiah, or known as Komodo bond, the market for a business with a Rp4 trillion (US$295 million) issue, that beat pricing expectations. The company sold three-year rupiah bonds in the 144A/Reg S market at...
JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Business (SKKMigas) has appointed gas distributor PT Perusahaan Gas Negara Tbk (IDX:PGAS) over other state-owned energy firm PT Pertamina. The agency said in a stipulation dated Dec. 4, 2017 to sell the Liquefied natural gas (LNG) is...
JAKARTA (TheInsiderStories) – Indonesia President Joko Widodo on Friday afternoon (8/12) installed Air Marshal Hadi Tjahjanto as new Military Chief, replacing current General Commander Gatot Nurmantyo, whose tenure will end in April 2018. Air Marshal Hadi Tjahjanto was proposed by Widodo to House Representative early this week as sole candidate for the new Military Chief....
The Series C round was led by LeapFrog Investments, with significant participation from existing investors Accel and TCV JAKARTA (TheInsiderStories) - United Kingdom's (UK) leading digital money transfer service WorldRemit has raised US$40 million to drive its next phase of global growth, including an expansion of its Indonesia operation, the...
JAKARTA (TheInsiderStories) – The island of Bali, Indonesia's top tourist destination, has been struggling to deal with the eruption of Mount Agung last week, and has the potential of inflicting losses of up to Rp2 trillion (US$147.8 million) on the tourism industry, according to Indonesia Minister of Tourism Arief...
JAKARTA (TheInsiderStories) - Indosat (ISAT), the second-largest telecom player in Indonesia, reported 29 per cent growth in net profit, at Rp1.09 trillion for Jan-Sep 2017, compared to the same period last year, supported by better revenues and higher cost efficiency. The company's revenues rose 4.8 per cent to Rp22.6 trillion...
JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati on Thursday afternoon installed Robert Pakpahan as new Director General for Taxation, replacing Ken Dwijugiasteadi, who will end his term on Dec. 1. Pakpahan was installed after President Joko Widodo named him as new Director General for Taxation. Pakpahan was previously holding...
JAKARTA (TheInsiderStories) - The Ministry of Industry plans to provide manufacturers — principal contributors to the national gross domestic product (GDP) — with three tax incentives to try to jump-start the Indonesian economy, which has suffered from slow growth in recent years. The government expects all sectors excluding the oil &...
JAKARTA (TheInsiderStories) - Tanjung Kelayang Special Economic Zone (SEZ) in Bangka Belitung provicne began flooded by investment worth US$1,06 million (Rp14 trillion) to build of ports, hotels and resorts, the senior official said. Coordinating Minister for Economic Affairs Darmin Nasution, Minister of Transportation Budi Karya Sumadi, Bangka Belitung Island Governor Erzaldi...

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...