26 C
Jakarta
Wednesday, October 24, 2018
JAKARTA (TheInsiderStories) - United State's Defense Secretary James "Mad Dog" Mattis met Indonesian President Joko Widodo to explore deepening defense relationship with the archipelago nation. The US is seeking to strengthen influence in Southeast Asia to counter China’s expanding presence in the region. Indonesia and Vietnam high on the priority...
JAKARTA (TheInsiderStories) – State-owned flag carrier PT Garuda Indonesia Tbk. Persero (IDX: GIAA) has set a moderate growth target this year after being hit by severe financial losses in 2017, the result of a tax amnesty and hefty multi-million fines after being found to have participated in a cartel to fix air cargo prices. Revenue...
Davos, Switzerland – Momentum behind the world economy remains strong despite continued political and policy uncertainties, according to new analysis released today at the World Economic Forum in Davos byIHS Markit (Nasdaq:INFO), the world leader in critical information, analytics and solutions. In a welcome change from the past few years, global...
Singapore -- Moody's Investors Service has affirmed the B1 corporate family rating (CFR) of Soechi Lines Tbk. (P.T.) (Soechi). Moody's has also assigned a B1 senior unsecured rating to the proposed notes to be issued by Soechi Capital Pte. Ltd., a wholly owned subsidiary of Soechi. The proposed notes will be unconditionally and irrevocably...

Morning Briefs – Jan 23

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Taspen Will Increase Direct Investment in Infrastructure Projects State pension fund company PT Taspen (Persero) raised its direct investment portion this year, particularly in infrastructure projects, from 1 per cent to 3 per cent. President...
DAVOS (TheInsiderStories) - The International Monetary Fund's (IMF) World Economic Outlook, released on Monday, says tax cuts in the United States will improve U.S. investment and help its trading partners. In Davos, the Washington-based IMF revised its global forecast upward, to 3.9 percent for both 2018 and 2019, a 0.2 percent...
JAKARTA (TheInsiderStories) – Standard Charterd (StanChart) has set up a new unit aimed at investing innovation within the bank and investing in disruptive technologies, according to CEO StanChart Indonesia Rino Donosepoetro. A new 'SC Ventures' unit will collaborate with StanChart's business units in areas covering innovation best practices and client design led by...
JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 9.63 points (0.14 percent) to 6,500 after moving between 6,484-6,529 on Monday (22/1). The composite index's level at closing has surpassed the previous record-high level of 6,472 on Friday closing. While in the foreign exchange market, the Rupiah closed down 34...
JAKARTA (TheInsiderStories) - Lazada Indonesia, a major e-commerce player in the country, plans to launch its own payment system this year, following the path undertaken by Go-Jek with its Go-Pay. A number of e-commerce players have submitted application to Bank Indonesia to provide e-payment system, such as Bukalapak with its...
JAKARTA (TheInsiderStories) - Singapore's startup company 99.co has completed the acquisition of UrbanIndo.com, one of Indonesia's largest property portal, for undisclosed value. Currently, UrbanIndo has over 1.2 million active listings. “With numerous synergy between the teams in two countries, we will be delivering exciting new products to serve buyers, agents,...

Latest article

Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...