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Jakarta
Thursday, January 17, 2019
JAKARTA (TheInsiderStories) -  U.S miner Freeport Mcmoran Inc. (NYSE: FCX) prepared capital expenditure US$2.1 Billion in this year to develop project in Indonesia and other countries. The company need up to $20 billion to develop Grasberg gold and copper mine in Papua province until 2031. Based on his presentation in one...
JAKARTA (TheInsiderStories)— The Indonesian government plans to launch an integrated licensing policy or online single submission (OSS) on May 20, 2018, but it must be followed by a push to simplify regulation and provide more fiscal incentives to attract investment. The government is still preparing the launching of single submission...
JAKARTA (TheInsiderStories) - Indonesia General Election Commission (GEC) will determine definitives president and vice president (VP) candidates for 2019 Election today, said the commissioner on Thursday (20/09). The agency will also determine the definitives final candidate of legislative member this afternoon. The GEC' commissioner Viryan Azis said, the determination of definitive candidates...
JAKARTA (TheInsiderStories) – One of taxi operator in Indonesia PT Express Transindo Utama Tbk (IDX: TAXI) has announced to transform its business model prior to intensive competition coming from online transportation such us GO-JEK and Grab. Its competitor Blue Bird Group has cooperating with GO-JEK to adopt the new transportation...
JAKARTA (TheInsiderStories) – The Minister of Mineral and Energy Resources has signed contract amendments with six mining firms holding so-called ‘Contract of Work’, in order to align with the Mining Law and applicable regulations. The six companies are comprising of one company which holds the fourth-generation of Contract of Work,...
JAKARTA (TheInsiderStories) - PT Bank Bukopin Tbk (IDX:BBKP) President Director Glen Glenardi has tendered his resignation, the bank said in a statement to the Indonesian Stock Exchange on Jan. 2. The resignation is pending on the approval of the bank's shareholders at the bank's extraordinary shareholders meeting on Jan....
JAKARTA (TheInsiderStories) - Followed the Turkey's financial crisis, other emerging countries like Indonesia and Argentina prepared monetary stance on worries the economic troubles could hit European banks and spread to other emerging economies. These days, Turkey's crisis has bring negative impact to the emerging market. The Turkish Central Bank itself decided...
JAKARTA (TheInsiderStories) — The Indonesian government initiated the development of a Gas and Steam Power Plant Jawa-1, in Cilamaya, Karawang, West Java province today (12/19). The project will have 1,760 MW capacity by utilising 400 million cubic feet of liquefied natural gas (LNG) daily. It is expected to be the...
JAKARTA (TheInsiderStories) -Smartag International, Inc. (OTC Markets: SMRN) announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an Indonesian financial technology (FinTech) company. Smartag will own 51 per cent equity and PTSMS will own 49 per cent. This follows an earlier signed on Oct....
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Google Pays Taxes Owed to Indonesia in Full Global technology giant Google has paid back taxes it owed to the Indonesian government since 2015 in full on Thursday (29/11), marking a new milestone in the country's efforts to...

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Indonesia Targets to Rise Oil and Gas Revenues in 2019

JAKARTA (TheInsiderStories) – Indonesia state revenues from the upstream oil and gas industry in 2018 increased significantly to US$ 17.5 billion (unaudited) or around...

European Parliament Calls the Unity amid Brexit Puzzles

JAKARTA (TheInsiderStories) – Amid the British exit (Brexit) rebellion against Prime Minister Theresa May government in United Kingdom, European Parliament calling the unity as...

Insight: Its Expected, Presidential Election Debate Impacts to the Society

JAKARTA (TheInsiderStories) – As a democratic country, the debate should not only be ceremonial and conditional, but must provide epistemic effects on political education...

Indonesia’s Loan Growth Is Estimated to Slow in First Quarter

JAKARTA (TheInsiderStories) - Indonesian Banking Survey estimates that loan growth could slow down in the first quarter (1Q) of 2019, said the central bank...

Indonesia’s FSA to Revises Minimum Capital Requirement for Market Risk

JAKARTA (TheInsiderStories) - Indonesian Financial Services Authority (FSA) will revise the minimum capital requirement for market risk, said one senior official last week. The...

Indonesian Central Bank Maintained Policy Rate at 6%

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) decided to maintained a 7-day Reverse Repo (BI 7-DRR) rate at 6 percent, Deposit Facility interest rate of 5.25...