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Friday, August 17, 2018
JAKARTA (TheInsiderStories) - Ministry of Finance revised the minimum balance that should be reported by the domestic taxpayers and can be requested by the Directorate General of Tax from Rp200 million to Rp1 billion, it said in a press release oN Wednesday. "Considering the data on bank accounts, tax data, including those...
JAKARTA (TheInsiderStories) - Bank Indonesia's (BI) Consumer Confidence Index (CCI) stood at 125.9 in May--the highest level since June 2000--due to confidence over current economic conditions and an upward trend in expectations, the central bank said on Wednesday. Last April, the consumer index was 123.7. According to its components, the rise in CCI was...
JAKARTA (TheInsiderStories) - Indonesian government optimistic the economic growth in 2018 to be stronger driven by strong private investment and export performance, said senior official. The Indonesian government in 2018 is expected to grow in the range of 5.4 to 6.1 percent from this year target aroudn 5.2 percent. Meanwhile, Bank...
JAKARTA (TheInsiderStories) - The state-owned power producer PT Perusahaan Listrik Negara (PLN) issue bonds and Sukuk Ijarah with a target of Rp10 trillion (US$757.58 million) to meet the investment needs in development of Indonesia's electricity infrastructure. The company consisting of Rp 8 trillion for bonds and Rp2 trillion for sukuk ijarah. Both...
JAKARTA (TheInsiderStories) - Growth in developing East Asia and Pacific continued to be robust in the first half (H1) of 2017, in line with expectations. A continued modest pickup in growth in the region is offsetting the gradual slowdown in China. Regional financial markets stabilized after a period of volatility in...
JAKARTA (TheInsiderStories) - Indonesian Vice President Jusuf Kalla and Japanese Prime Minister Shinzo Abe discussed accelerating the development of medium-speed railway facilities on the Jakarta-Surabaya route during a bilateral meeting in Tokyo, Antara reported. Kalla said the discussion, focused on accelerating the implementation of the tender after a feasibility study is completed...
Commodity Exporters Gradually Recovering from Recent Low Prices WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and...
Indonesia has retained its top ten ranking in A.T. Kearney’s 2017 Global Retail Development Index (GRDI), released today. Indonesia was ranked 8th in this year’s Index, highlighting the country’s resilient retail sector amidst fierce competition from other emerging economies. The GRDI, now in its 16th edition, ranks the top 30...
JAKARTA (TheInsiderStories) -Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra and prepared to invest up to 10 billion euros (over than Rp100 trillion), said one official. Tanjung Api-api SEZ focus on three main industries rubber, oil palm and petrochemical. “They will develop oil refinery, storage tanks,...
JAKARTA (TheInsiderStories) - Indonesian government issued unguranteed samurai bonds JPY100 billion in May, 31 to finance the deficit 2017's budget, Finance Ministry announced. For the first time Indonesia issued samurai bonds in a public offering format since the enactment of Law Number 24 Year 2002 regarding Sovereign Debt Instruments. In addition, for the...

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Indonesian Govt Prepares US$ 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

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Indonesia Losses US$521M from Lombok Earthquake

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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...

Chevron, Exxon Discusses with Indonesian Govt on Mandatory Sell Crude Oil to Pertamina

JAKARTA (TheInsiderStories) - Foreign oil producer PT Chevron Pacific Indonesia and PT ExxonMobil Indonesia would discuss with Indonesian government on the new policy requiring the mandatory...