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Saturday, September 22, 2018
JAKARTA (TheInsiderStories)—Indonesia has always factored its cheap labor as the main driver in its efforts of generating investments into its textile industry. So much it has been hyped that it has seemingly made the country too complacent and forgot other important factors. Based on data collected by TheInsiderStories, Indonesia has...
JAKARTA (TheInsiderStories)-- The Ministry Finance (MoF) of Indonesia has issued Samurai Bonds of ¥100 billion (US$912 million) on Thursday (24/5), equal to the issuance of last year, said one government official. The notes consists of four series RlJPY0521 has maturity dates May 31, 2021; RlJPY0523 maturing May 31, 2023; RlJPY0525 maturing May...
JAKARTA (TheInsiderStories) - A Japanese-made trainset consisting of 12 cars has arrived in Jakarta via cargo delivery on Apr. 7, which is part of the equipments needed for the first phase of the Mass Rapid Transit project in Indonesia's capital city. The trainset arrival marked a new milestone for the MRT project completion,...
JAKARTA (TheInsiderStories) - The Indonesian Energy and Mineral Resources Minister (ESDM) Ignasius Jonan is urging Inpex Corporation, a giant oil and gas company of Japan, to accelerate the pre-FEED (front-end engineering design) for the development of Masela Block. “It has been six months since I joined the ESDM (Energy and...
JAKARTA (TheInsiderStories) - PT Pertamina, the largest oil and gas producer in Indonesia, expects to complete its planned acquisition of an operating interest in Iran's Mansouri oilfield in April next year.  The block is expected to produce about 300,000 bpd. The state-owned company will have a 30 per cent interest...
JAKARTA (TheInsiderStories) - With an urgent need of more than US$105 billion for development, the government of Indonesia must manage budgets more creatively, in the attempt to find new sources of financing for infrastructure projects; this results from a realization of limited fiscal space. Recent regulations have been issued to...
JAKARTA (TheInsiderStories) – Indonesia’s largest coal producer PT Bumi Resources Tbk (IDX:BUMI) has set Dec. 11, 2017 as the effective date for the exchange for the old debts worth $2.6 billion with the new securities and new loans. The company’s Director & Corporate Secretary Dileep Srivastava said in a statement...
JAKARTA (TheInsiderStories) ― Grab Holdings Inc. (Grab), Southeast Asia’s leading O2O mobile platform, announced today (02/08) has raised US$2 billion for its current round of financing. Last June,Toyota Motor Corporation has announced to invested as much as $1 billion in the ride-hailing provider. As part of the agreement, Toyota and Grab...
JAKARTA (TheInsiderStories) - Indonesian Elections Supervisory Agency (ESA) said that the alleged political payment from vice presidential hopeful Sandiaga Uno for Keadilan Sejahtera and Amanat Nasional Party is not proven. "On the report Number 01/LP /PP/RI/00.00/ VIII/2018 stipulated that there have been payment of money from Uno to Amanat Nasional and Keadilan...
JAKARTA (TheInsiderStories) - Singapore based Sinar Mas Cepsa today inaugurated its first oleochemicals plant in Indonesia, representing an investment of US$$357 million (equivalent to EUR 300 million) over two years. The plant will produce fatty alcohols from sustainably-sourced palm kernel oil, a key ingredient in the manufacture of everyday products such...

Latest article

Insight: Rate Hike Expectation Rise on Misleading Reports on BI’s Meet Schedule 

JAKARTA (TheInsiderStories) - Last week, there were a slew of reports by local media that Bank Indonesia (BI) had pushed back the schedule for this month...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

38 Former Graft Convicts Determined by GEC as an Indonesia’s Legislative Candidates

JAKARTA (TheInsiderStories) - Indonesia General Election Commission determined 38 former graft convicts as definitive candidates for legislative member, said the agency on Thursday (21/09). All of...

Indonesian Govt Use Cigarette Excise Patches Health Insurance Deficit

JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

World Bank : Project Delays, Import Tax Policy Will Not Improves CAD

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...