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Jakarta
Monday, December 10, 2018
JAKARTA (TheInsiderStories) — Indonesia's foreign exchange reserves declined by $2.06 billion to $126.0 billion at the end of March as the central bank had to stabilize the rupiah exchange rate and the government had to pay a significant amount of foreign debt. The rupiah hit a two-year low of 13,800...
JAKARTA (TheInsiderStories) - Southeast Asia's largest ride-hailing operator on Grab on Friday (06/04) unveiled its future plans in Indonesia after acquiring South-east Asia business of its rival Uber. Grab announced last week that it had acquired the South-east Asia business of its rival Uber, including in Indonesia country with the largest...
JAKARTA (TheInsiderStories)—Indonesia urges to set up new incentive to boost the mining downstream industries. The country is currently trapped in a stagnation on this sector. Indonesia’s mining sectors have long served a large portion of Indonesia economy. The country remains a major producer of coal, copper, gold, tin, and nickel in...
JAKARTA (TheInsiderStories)— President Joko Widodo has signed a Presidential decree that aims to simplify foreign work permit process as the country seeks to improve investment climate in the country. The Perpres No. 20/2018, which revises the previous decree issued in 2014, allows companies or institutions to employ foreign workers with...
JAKARTA (TheInsiderStories) - Indonesia's central bank (BI) has issued a new regulation on reserve requirements, which aim to stimulate lenders to pump liquidity into the market and disburse more loans. Central bank governor elected Perry Warjiyo said commercial lenders having excess liquidity will get zero interest rate when they put the...
JAKARTA (TheInsiderStories) - Global rating assessor Moody's Investors Service has downgraded the corporate family rating for Indonesian leading retailer PT Matahari Putra Prima Tbk (IDX: MPPA) to B3 from B2, amid heightened liquidity risk and a reduced financial flexibility to fund its operations. The bad news is unlikely to stop...
JAKARTA (TheInsiderStories)— The second meeting of Indonesia-Singapore Business Council that was held in Jakarta on Thursday (05/05) resulted in commitments from investors from the two Southeast Asian countries to enhance collaborations in the capital markets, digital economy, tourism, and infrastructure. On this day, business delegation from the city-state nation came...
JAKARTA (TheInsiderStories) - For Indonesia, Digital Payment System may well be the next big thing, combining existing mobile phone usage and the country's growing financial services. Digital payment system not only promise an accelerated economic growth in Indonesia, but also is expected to give significant changes in business practices and replace...
JAKARTA (TheInsiderStories) - PT Bank BRISyariah Tbk targeting to raise Rp1.7 trillion (US$124.09 million) from initial public offering (IPO). The company set the indicated price of the IPO at the range Rp500 to Rp650 a share. An Islamic bank under state-owned lender PT Bank Rakyat Indonesia Tbk (IDX: BBRI), offered 2.62...
JAKARTA (TheInsiderStories) - The administration of President Joko Widodo is ratcheting up infrastructure spending, with priorities set in logistic, energy and transportation sectors. Indonesia needs to upgrade its public facilities, including roads, ports, water facilities, but it has been constrained with limited public funds. Widodo's administration, like his predecessors sought...

Latest article

Indonesia’s Galang Batang SEZ in Riau Officially Operating

JAKARTA (TheInsiderStories) - Coordinating Minister for Economic Darmin Nasution, last Saturday, inaugurated Galang Batang Special Economic Zone (SEZ) in Bintan, Riau Islands Province. The Development and...

OPEC Cuts Oil Productions 1.2 Million Barrels per Day

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC has agreed to cut oil production amid United States (US) President Donald Trump to...

Weekly Briefing: More Tense on US-China Trade War amid Huawei Top Official Arrest

JAKARTA (TheInsiderStories) — Good morning! The ongoing tariff trade war between the United States (US) and China may be in a ceasefire now but...

Taiwanese Pegatron Moves Factory to Indonesia as Trade War Bites

JAKARTA (TheInsiderStories) — The ongoing trade war between the United States (US) and China has impacted Taiwanese Pegatron Corp., who have decided to move one...

Income of Indonesian Life Insurance Slowing Down in 3Q 2018

JAKARTA (TheInsiderStories) - The Indonesian Life Insurance Association noted that total revenue from life insurance in the third quarter (3Q) of 2018 slowed 15.5...

Indonesian Forex Reserves Slightly Up to US$117.2B in November

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has noted that Indonesia's foreign exchange (forex) reserves stood at US$117.2 billion in November, slightly up compared to...