30 C
Jakarta
Sunday, October 21, 2018
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry will issue Ministerial Decree as well as Ministry Stipulation in the immediate future that give mandate to the ministry to determine the floor and ceiling price of coal. The rulings came as the coal price continues its upward trend. The energy...
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded its rating for Lippo Malls Indonesia Retail Trust (LMIRT) to a non-investment grade corporate family rating of Ba1 from an investment-grade issuer rating of Baa3. Consequently, LMIRT's Baa3 issuer rating has been withdrawn and the company has been assigned a Ba1 corporate family rating. The rating...
JAKARTA (TheInsiderStories) - Indonesia's foreign exchange reserves fell in February 2018 from the previous month, Bank Indonesia (BI) data shows. The nation's foreign exchange reserves stood at US$128.06 billion, down from $131.98 billion at the end of the preceding month. BI said the drop in foreign exchange assets in February was...
JAKARTA (TheInsiderstories) - Asian shares, including shares on the Indonesian Stock Exchange, plunge on Wed. 7 on fears of U.S - Chinese trade tensions. The Jakarta Composite Index (JCI) closed down 2.028 per cent  at 6,362.975, while MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.65 per cent, and...
JAKARTA (TheInsiderStories) - Japanese-based Rating and Investment Information, Inc. (R & I) has raised the Sovereign Credit Rating (SCR) of the Republic of Indonesia from 'BBB-' with Positive Outlook to 'BBB' with Outlook Stable on Wednesday (7/3). In an official statement, R & I stated that the key factor supporting...
JAKARTA (TheInsiderStories) - Indonesian dairy industry is set for exponential growth this year due to significant shifts in how Indonesian consumers view health and lifestyle. Indonesia’s dairy industry and dairy products industry is undergoing a boom with market demand rising by over 10 per cent on an annual basis for...
JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million) to strengthen its business operations in the Middle Eastern market. "Kimia Farma`s capital investment in Dawa reaches 38 million riyals, or equals to Rp133 billion, which is used...
JAKARTA (TheInsiderStories) – The negotiations over the 51 per cent divestment of PT Freeport Indonesia shares continued to drag on. Given this situation, President Joko Widodo has ordered his cabinet ministers to finalize the divestment by April 2018. “The direction of the President is to settle the divestment of 51...
JAKARTA (TheInsiderStories) – The Indonesian government has reiterated its intention to simplify working permits for foreign workers as a move to fulfill the country needs for expert, improve business climate as well as supporting the spirit of openness of the country’s economy. During the limited cabinet meeting on Tuesday (07/03),...
JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The majority of Indonesians don’t have the financial freedom to purchase goods and services beyond bare necessities. Out of a population of 252 million people, 28.6 million...

Latest article

Indonesia’s Pertamina Plans to Buyback Bond up to US$2.25B

JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina announced that it has commenced tender offers to purchase for cash any and all of the outstanding 2021...

Moody’s assigns Baa2 to Pertamina’s MTN Drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured USD notes to be issued by Pertamina (Persero) (P.T.). The rating...

Indonesia Renegotiates Korean KFX Fighter Jet Contract to Reduce Rupiah Depreciation

JAKARTA (TheInsiderStories) - The depreciation of Rupiah exchange rate impacted weaponry system procurement, including Korea Fighter Xperiment or Indonesia Fighter Xperimen (KFX/IFX) fighter jet. Therefor, Indonesia...

Islamic Recitation Forum Influences More to Indonesian Voters: Polmark

JAKARTA (TheInsiderStories) - A non-formal Islamic recitation forum, also called majelis taklim in Indonesia, is considered having big influence to election voters, according to PolMark...

Indonesia’s Salim, Medco Invests US$530M into Singapore Hyplux

JAKARTA (TheInsiderStories) - Salim Group joined with Medco Group expand their businesses to Singapore. Its unit, Singapore based SM Investments Pte Ltd announced has signed a binding agreements to...

Indonesia Considers to Remove Luxury Homes Taxes to Drive Property Business

JAKARTA (TheInsiderStories) - Indonesian government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the...