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Thursday, January 17, 2019
JAKARTA (TheInsider Stories) - Indonesia's plan to implement new environmental standards later this month is likely to hurt US mining giant Freeport-McMoRan's ((NYSE: FCX) operations deeply, and this pose threats to ongoing divestment talks with the government, said the president and CEO in a statement on Tuesday (24/04). Its unit, PT Freeport...
JAKARTA (TheInsiderStories) - International oil prices surge into the highest level since 2014 on Tuesday (24/04), driven by the expectations of U.S sanctions against Iran and as Organization of Petroleum Exporting Countries (OPEC) continues to hold supplies amid strong demand. Last week, demand for oil hit a record level at 9.86...
JAKARTA (TheInsiderStories) - Venture capital (VC) increasingly show an important role in the development of startup companies in Indonesia, amid prospects of growth in the digital economy in the country. Still at its young age, investment in the digital industry is soaring to reaching nearly US$3 billion in 2017, double than...
JAKARTA (TheInsiderStories)—Too much government intervention in the changing Pertamina’s board of directors potentially cause crucial projects delays and disrupt long term plans of the state-controlled energy company. The government's sudden move to oust the President Director of state-owned oil company PT Pertamina Elia Massa Manik, following the oil spill scandal in...
JAKARTA (TheInsiderStories) - Indonesian former house speaker Setya Novanto faces 15 years detained after the Jakarta Corruption Court judges makes the decision on Tuesday (24/04). The court also revoked Novanto's political rights for five years time. Furthermore, the court also ordered him to pay Rp1 billion in fines and returns the money...
JAKARTA (TheInsiderStories)— Indonesia's port operator PT Pelabuhan Indonesia III also known Pelindo III start selling its U.S dollar denominated bond to global investors. The offering is expected closed today. Last time, the state-owned operator issued global bonds was in 2014, where the company raised $500 million. The global bond was offered...
JAKARTA (TheInsiderStories) - For the first time, Indonesian motorcycle financing, PT Federal International Finance (FIF) will offer medium term notes (MTN) in euro currency. FIF has signed an agreement with the Agency and Dealer on April 20. Recently, the Financial Services Authority simplified the procedure of selling bonds in the capital market for...
JAKARTA (TheInsiderStories)- Indonesia's Pizza Hut fast food operator, PT Sarimelati Kencana Tbk eyeing Rp815.9 billion (US$59.13 million) funds from its initial public offering (IPO), said the company on Monday (23/04). The company will release a maximum of 604.37 million new shares or 20 percent of the issued and fully paid capital in...
JAKARTA (TheInsiderStories) - The U.S currency--which on Friday (20/4) was sharply higher against all world currencies including the Rupiah--broadly reinforced again on Monday (23/04). Yesterday, the Indonesian rupiah is approaching the Rp14,000 per U.S dollar, the currency's weakest position since mid-December 2015. On Monday, the local currency depreciated 0.59 percent to...
JAKARTA (TheInsiderStories)—Foreign investors competing to get Indonesian multi finance firm PT BFI finance Tbk (IDX: BFIN) shares, said sources close to the deal. The deals is estimated to be worth Rp3.8 trillion (US$275.36 million). Our sources said, U.S's private equity firm Warburg Pincus, Hong Kong-based Baring Private Equity Asia, Taiwan’s Cathay Financial...

Latest article

Brexit Update: Economic and Political Implications

JAKARTA (TheInsiderStories) - As expected, the lack of political consensus on what Brexit means for the United Kingdom (UK) led to the country's parliament rejecting the draft...

Indonesian Govt Targets Other SOEs HoldCo Established in 1Q 2019

JAKARTA (TheInsiderStories) - Indonesia’ State Own Enterprises (SOEs) ministry targets that some holding companies (holdco) establishment will be finished in March (1Q) of 2019, said the minister...

Indonesian Voter Enthusiasms toward 2019 General Election

JAKARTA (TheInsiderStories) – The high level of people enthusiasm toward the 2019 general election and the level of public knowledge and the socialization of...

Morning Briefing: First Presidential Candidate Debate Begins Today

JAKARTA (TheInsiderStories) — Good morning! Hundred millions of Indonesians are expected to tune in for the first presidential candidates debate today. Both pair, Joko...

China Injected a Lot of Money to Stimulate the Economy

JAKARTA (TheInsiderStories) - People's Bank of China (PBoC) injects the largest amount of money RMB560 billion (US$82.84 billion) through open market operations today (01/16)to...

Bukit Asam, Pertamina, US’s Air Products Collaborates Build Coal Gassifiaction

JAKARTA (TheInsiderStories) — Two state-owned enterprises, PT Bukit Asam Tbk (IDX: PTBA) and PT Pertamina, along with Air Products and Chemicals Inc. from United...