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Jakarta
Tuesday, August 21, 2018
JAKARTA (TheInsiderStories) – The state-owned enterprises (SOE) Ministry is expected to establish holding company mining and energy sector, by the end of this year at the latest. While the establishment of financial service holding, construction and food is still struggling with processes and its expected to establish in 2018. Minister...
JAKARTA (TheInsiderStories) – The Indonesian Government aims to collect Rp42.8 trillion (US$3.2 billion) in dividends from 118 state-owned enterprises (SOEs) in 2018. Government also expects SOEs to book Rp158.8 trillion (US$11.9 billion) net profit this year. Imam Apriyanto Putro, the SOE Minister’s Secretary, explained that this figure is 6.6 percent higher than...
JAKARTA (TheInsiderStories) - Indonesian Banks Association is gearing up to face the challenge in digitalization and modernization of banking service as the increasing of transformation in technology and to meet the needs of millennial generation. Kartika Wirjoatmodjo Chairman of Perbanas explained, customers transaction in bank office has declined from time...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has begun execute a plan to establish a business sector holding state-owned companies during his term, to increase global competitiveness. The plan was initiated by the State Owned Enterprises (SOEs) Ministry, and was later discussed by the House of Representative in order to secure their...
JAKARTA (TheInsiderStories) - The establishment of the first holding company ever in Indonesia has come closer to reality. Since the Ministry of State-Owned Enterprises announced its plan to create a mining holding organ last year, where the government would appoint PT Indonesia Asahan Aluminium (Inalum) as the leading holding body,...
JAKARTA (TheInsiderStories) - Ministry of State Owned Enterprise (SOEs) officially appointed Budi Gunadi Sadikin as Chief Executive Officer aluminium producer company PT Indonesia Asahan Aluminium (Inalum). The inauguration took place in Ministry SOE office on Thursday (14/9). This means, the former CEO of PT Bank Mandiri Tbk, (IDX: BMRI) lead the parent...
JAKARTA (TheInsiderStories) - North Kalimantan, the youngest province in Indonesia, has apparently become a favorite destination for foreign investors. Two major firms, one each from China and South Korea, have decided to sink US$28 billion to build power plants and industrial parks in the region. Two Chinese companies, namely, China...
Singapore -- Moody's Investors Service says that the strengthening in global demand since the end of last year has buoyed Asia Pacific's trade-reliant economies, but that faster export growth has yet to feed into a broader and more sustainable acceleration in output growth. Support to sovereign credit profiles will be strongest where the...
JAKARTA (TheInsiderStories) - Former President Director of state-owned gas producer PT Perusahaan Gas Negara Tbk (IDX: PGAS) Hendi Prio Santoso has been picked as the new boss of cement producer PT Semen Indonesia Tbk (IDX: SMGR). The decision was announced at an extraordinary shareholder meeting of the company on Friday (15/9). An alumnus of...

Why borrow? Issue bonds!

JAKARTA (TheInsiderStories) - The Indonesian bond market is performing well nowadays; issuance of corporate bond is higher than expected. Based on the Indonesia Bond Pricing Agency (IBPA) data, until first week of Sept. 2017, new issuance of corporate bonds reached Rp99.92 trillion. Otherwise, new issuance of Medium Term Notes (MTN) marked Rp13.54 trillion....

Latest article

BI to Lower Hedging Cost via Swap Transaction

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) planned to take measures to lower the cost of foreign currency hedging via swap transaction, BI’s Head of Monetary Department...

Morning Briefing: Jusuf Kalla, Sri Mulyani Join Widodo’s Re-election Campaign Team

JAKARTA (TheInsiderStories) - Good Morning. President Joko Widodo has officially picked Vice President Jusuf Kalla to lead the 11-strong steering committee for his re-election bid in...

Indonesia’s MoF Sell Retail Bond Through Online

JAKARTA (TheInsiderStories) - The Ministry of Finance (MoF) has officially opened the offering period of Savings Bond Retail series SBR004 through online system (e-SBN) on...

Indonesia’s FSA Launch OJK Infinity to Creates FinTech Ecosystem

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority  (FSA) inaugurated the operation of OJK Innovation Centre for Digital Financial Technology (OJK Infinity) which aims to build the FinTech ecosystem...

Dozens Killed on the Streets in Police Crackdown Ahead of Asian Games

JAKARTA (TheInsiderStories) - Indonesian police have shot dead more than 70 people in an escalating crackdown on what they have called ‘petty criminals’ in...

Azrul Tanjung: An Insight Into Ma’ruf Amin’s Economic Agenda

JAKARTA (TheInsiderStories) - As the chairman of Indonesia Ulema Council (MUI) Ma’ruf Amin spent his time and energy not only on the religious life on ordinary...