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Jakarta
Saturday, August 18, 2018
JAKARTA (TheInsiderStories) - Indonesia Investment Coordinating Board (BKPM) announced the realization of investment in firs half (H1) of 2017 worth of Rp336.7 trillion (US$25.31 trillion). The value higher 12.9 percent compared to H1 2016 of Rp298.1 trillion or 49.6 percent from this year target Rp678.8 trillion "Based on the data,...
JAKARTA (TheInsiderStories) - International Monetary Funds (IMF) reported the global economic outlook remains on track, with global output projected to grow by 3.5 percent in 2017 and 3.6 percent in 2018. The unchanged global growth projections mask somewhat different contributions at the country level. U.S. growth projections are lower than in April, primarily...
Singapore, July 24, 2017 -- Moody's Investors Service has affirmed Astra Sedaya Finance (P.T.)'s (ASF) Baa3/P-3 long/short-term foreign- and/local currency issuer ratings. The ratings incorporate its baseline credit assessment (BCA) of ba2, which Moody's also affirmed , and two notches of uplift based on Moody's assessment of a very high likelihood of support...
JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) has reached agreement with Freeport Mcmoran Inc. (NYSE: FCX) for further operation its Indonesian unit. The agreement comprises of the smelter development completed before Jan, 2022 and the contract extension until 2031. Freeport has proposed to get 20 years extension of...
JAKARTA (TheInsiderStories) – China Didi Chuxing, ride-sharing firm and South Korean SoftBank Group Corp., a technology driving the Information Revolution, will invest up to US$2.0 billion to lead Grab’s current financing round. In the written statement released on Monday (24/7), Grab, on-demand transportation and mobile payments platform in Southeast Asia, announced...
JAKARTA (TheInsiderStories) - The weakening of people's purchasing power is now a concern. The economic recovery process expected to start this year have not been reflected by strong household spending. In the first quarter (Q1) of 2017, household spending only grew 4.93 percent year-on-year (y-0-y) or below psychological level at 5...
JAKARTA (TheInsiderStories) - Indonesia's central bank (BI) left its benchmark 7-day reverse repo rate unchanged at 4.75 percent on July 20th 2017, for past ten consecutive months, in line with market expectations. Policymakers said the decision is consistent with efforts to maintain macroeconomic and financial stability while still encouraging domestic economic...
JAKARTA (TheInsiderStories) - Minister of Industry Airlangga Hartarto inaugurated the operation of steel plant of PT Krakatau Osaka Steel (KOS), a joint venture (JV) entity between Osaka Steel Co. Ltd and state-run steelmaker PT Krakatau Steel Tbk (IDX: KRAS) on July, 20. The plant is located in Cilegon, Banten province. KOS is 80...
By Harumi Taguchi, Principal Economist, IHS Markit   Key Points: Ÿ   Japan’s trade surplus fell 35.9% in June year on year (y/y) to JPY440 billion (USD39 billion) on a non-seasonally adjusted basis, and also declined by 33.6% from the previous month to JPY81 billion, the lowest surplus since December 2015, on a...
JAKARTA (TheInsiderStories) -JAKARTA - The Indonesian government debt continues to increase at least in the past two years in line with the increase of infrastructure spending. As President Jokowi's economic policy emphasizes on the supply side through infrastructure development. According to data from the Ministry of Finance, that government debt...

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...