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Jakarta
Thursday, November 15, 2018
Moody's Japan K.K. says that Japan Tobacco Inc.'s (JT) Aa3 ratings and stable outlook are unaffected by its announced acquisitions of the assets of Mighty Corporation (MC) in the Philippines, as well as of PT. Karyadibya Mahardhika (KDM) and PT. Surya Mustika Nusantara (SMN) in Indonesia. On 22 August 2017,...
JAKARTA (TheInsiderStories) - Indonesia consumer confidence slightly stronger in the second quarter (2Q) of 2017 compared to the 4Q of 2016 despite the slower spending based on the latest Consumer Confidence Index released by Nielsen. Globally, the country level is in the third ranked after Philippines and India, The research...
JAKARTA (TheInsiderStories) - The Indonesia Government reactivated the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA), as an effort to open up international trade opportunities amid the global economic recovery. Director General of International Trade Negotiations Ministry of Trade, Iman Pambagyo revealed, the Government of Indonesia and the Government of Chile agreed...
JAKARTA (TheInsiderStories) - Indonesian Central Bank (BI) cut its BI-7 Days Reverse Repo Rate by 25 basis point (bps), from 4.75 percent to 4.5 percent after it leaves the anchor rate unchanged since last October 2016. The Bank also lowered Deposit and Lending Facility to 3.75 percent and 5.25...
Jakarta (TheInsiderStories) - Indonesian Government trade off 11 units of Russian's Sukhoi SU-35 with worth US$1.14 billion with Indonesian commodity exports. Both countries agreed to swap half of the value on the commodity export with total amount $570 million. In Act No.16 of 2012 on Defense Industry, Article 43, states...
JAKARTA (TheInsiderStories) - Indonesia Supreme Court revoke part of ride-sharing app rule as it is contrary to the constitution, dismiss competition, and harm society. On April 2017, Transportation Ministry issued Ministerial Decree No. 26/2017 on the delivery of people with public motor vehicles not in the trajectory. On August, 1, Supreme...
by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit  Key Data: The US and South Korea held a special session of the US-Korea FTA Joint Committee on toady (22 August) to discuss renegotiating the Korea-US Free Trade Agreement (KORUS). KORUS originally came into force on 15 March 2012. A...
JAKARTA (TheInsiderStories) - The Indonesian government is considers to release one-month state treasury notes in 2018 to meet the short-term liquidity needs. Previously the International Monetary Fund proposed Indonesia examine the short-term treasury notes as a solution if the money market is volatile. Director General of Financing and Risk Management of the Finance...
JAKARTA (TheInsiderStories) - Indonesia state-owned power producer PT Perusahaan Listrik Negara (PLN) signed hedging transactions amounted US$30 million with three banks to minimize any risks arising from the fluctuating exchange rate in the future, said Sahala Lumban Gaol, Expert Staff for Minister of State-Owned Enterprises told press on Monday (21/8). Hedging...
JAKARTA (TheInsiderStories) - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan insist the divestment of PT Freeport Indonesia (FI) not final yet but the agreement is on the way. Previously, Minister of Energy and Mineral Resources Ignasius Jonan said, U.S miner Freeport McMoran Inc. (NYSE: FCX) has agree to divest 51...

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Japan’s Real GDP Drops to 1.2% in the 3Q

JAKARTA (TheInsiderStories) - Japan’s real GDP growth turned negative in the third quarter (3Q). A rebound of economic activity is likely in the fourth quarter but...

ASEAN Agreed on Single Negotiation for South China Sea

JAKARTA (TheInsiderStories) - Today, the 33rd ASEAN Summit has officially started in Singapore. ​During the Summit, the ASEAN Leaders are expected to take stock of ASEAN’s...

Oil Prices Fell Unstoppable, Touches its Three Years Lowest Level

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Morning Briefing: ASEAN Leaders Convene in Singapore

JAKARTA (TheInsiderStories) –— Good morning! The 33rd ASEAN Summit has officially started on Tuesday (13/11) in Singapore. ​During the Summit, the ASEAN Leaders are expected to...

Indonesia to Revises Negative Investment List

JAKARTA (TheInsiderStories) - Indonesian Government will revise the negative investment list to attract more investment come to the country. According to Minister of Industry Airlangga...

UOB Singapore, Grab Set Up Digital Services in ASEAN

JAKARTA (TheInsiderStories) - Singapore United Overseas Bank Ltd., (UOB) and Malaysian Grab have entered into a strategic alliance to accelerate the use of digital services...