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Sunday, October 21, 2018
JAKARTA (TheInsiderStories) - As if not wanting to be left behind by foreign investors, Indonesian players have finally joined in, injecting jumbo funds into ride-hailing company Go-Jek Indonesia. PT Astra International Tbk (IDX: ASII) and Djarum Group - through its subsidiary Global Digital Prima (GDP) Venture - are reportedly...
JAKARTA (TheInsiderStories) - The Indonesian Rupiah hit its lowest point since October 27 on Thursday. It has dropped around 1.7 percent since the end of January amid a global equity sell-off. Earlier this Thursday, based on Jakarta Interbank Spot Dollar Rate (Jisdor) announced by BI, the Rupiah exchange rate was...
JAKARTA (TheInsiderStories) – Diversified state energy company PT Pertamina on Thursday (02/08) secured a syndicated loan worth US$600 million from eight international banks. PT Bank Mandiri Tbk (IDX: BMRI) and Japan’s Mitsubishi UFJ Financial Group (MUFG) acted as co-mandated lead arrangers. Bank Mandiri alone is to secure the lion’s share of...
JAKARTA (TheInsiderStories) - The stock market has taken investors on a wild ride in recent days, but Mike Wilson, Morgan Stanley’s chief investment officer and chief U.S. equity strategist, doesn’t think the sudden spike in volatility portends the start of a bear market. Sharp downdrafts last Friday and this Monday...
JAKARTA (TheInsiderStories) - Indonesia`s foreign exchange reserves rose by US$1.7 billion to US$131.9 billion as of late January 2018 from US$130.2 billion a month earlier, according to Bank Indonesia. The increase resulted from tax and foreign exchange receipts from the government`s share of oil and gas exports, the withdrawal of...
By Harumi Taguchi, Principal Economist, IHS Markit ŸIn December 2017, Japan’s current-account surplus narrowed by 28.5% year on year (y/y) to JPY797 billion (USD7.3 billion) on a non-seasonally adjusted basis, and also by 13.0% month on month (m/m) to JPY1.5 trillion (following a 30.4% m/m drop in the previous month)...
JAKARTA (TheInsiderStories) - State aircraft manufacturer PT Dirgantara Indonesia (PTDI) has signed a framework agreement on the sideline of the Singapore Airshow 2018 to build 75 units of its N219 Nurtanio aircraft for three national aviation companies. PTDI corporate secretary Ade Yuyu Wahyuna said in a written statement that the...
JAKARTA (TheInsiderStories) - Indonesia posted impressive performance in investment last year after a number of efforts to repeal regulations and streamline business procedures, as suggested by the World Bank. Last year, Indonesia booked Rp692 trillion (approx US$46 billion) in investment, with 6.15 per cent growth increase from 4.47 per cent...
In the last two years, the large and medium-sized processing industries show steady performance.
JAKARTA (TheInsiderStories) - The Indonesian Finance Ministry has re-issued regulation that allows the tax officials to collect data and information of taxpayer's credit card transactions. This regulation once postponed two years ago following protests from the general public. However, the government has finally granted the  tax office access to financial information held...

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...