27 C
Jakarta
Wednesday, July 18, 2018
JAKARTA (TheInsiderStories) - Trade cooperation between China and Association of Southeast Asian Nations (ASEAN) members has jumped from US$55 billion to $514 billion in 2017, or nearly tenfold within 15 years since both sides established strategic partnership in 2003, news agency Antara reported. Two-way direct investment totals nearly $200 billion...
JAKARTA (TheInsiderStories) - Indonesia's state-owned enterprises PT Indonesia Asahan Aluminium (Inalum) takeover 45.78 percent shares of PT Freeport Indonesia (PTFI) from Freeport-McMoRan Gold & Copper Inc. (NYSE: FCX) with worth US$3.85 billion, said one senior official on Thursday (12/07). Currently Inalum and PT Indocopper Investama, local unit of Freeport-Mcmoran have 9.36...
JAKARTA (TheInsiderStories)— Production expenses at Indonesia’s state-owned power company PT Perusahaan Listrik Negara (PLN) rose by Rp10 trillion in the first six months of this year due to rupiah depreciation and higher oil price. President Director of PLN Sofyan Basir on Wednesday (11/07) said the company recorded rising production cost by...
JAKARTA (TheInsiderStories) - Government of Indonesia offered ten airports to manage by two state-owned airport operator PT Angkasa Pura I (AP I) and PT Angkasa Pura II (AP II), said one senior official on Thursday (12/07). The airports would be located in Lampung, Central Sulawesi, Southeast Sulawesi, East Nusa Tenggara,...
JAKARTA (TheInsiderStories)--After years of discussion, the Indonesian government and U.S's miner Freeport-Mcmoran Gold & Copper Inc. (NYSE: FCX) will sign the head of agreement of PT Freeport Indonesia (PTFI) today, said Indonesian president on Thursday (12/07). No further details on the agreement. Indonesian President Joko Widodo on Thursday (12/07) said Freeport and...
JAKARTA (TheInsiderStories) - Moladin, the first online platform to buy motorcycle in Indonesia, has raised a US$1,2 million funding from East Ventures, Berjaya Group and Ethos Partner, said the company today (12/07). The fresh fund will be used to help Moladin’s expansion and growth across the country. Since it’s official launch in November...
JAKARTA (TheInsiderStories)--Chevron Pacific Indonesia decided to withdraw Makassar Strait block in the Indonesia Deepwater Development (IDD) project due to poor investment return. Upstream Oil and Gas Regulatory Special Task Force Chairman Amien Sunaryadi said on Wednesday (11/07)  the American company had completed a study to continue the contract in Makassar...
JAKARTA (TheInsiderStories)--The Indonesian government has officially signed the contract extension of four oil and gas blocks, with their scheme changes into the gross split from previously cost recovery-based. The government securing investment commitment of US$148,4 million in five years from the deal. The contracts are the oil and gas blocks...
JAKARTA (TheInsiderStories) - Indonesia's Toll Road Regulatory Agency offered six toll road projects with an investment value of Rp124 trillion (US$8.67 billion) to be auctioned gradually in the second half of this year. The projects have length 327 kilometres, said the agency on Tuesday (10/07). The agency' head Herry Trisaputra...
JAKARTA (TheInsiderStories)--The investors of Indonesia's property company PT Bakrieland Development (IDX: ELTY) met with people from the Financial Service Authority (FSA) on Monday (9/7) as an effort to reject the company's reverse stock plan. The subsidiary of Bakrie Group plans to conduct a 10-for-1 reverse stock to restructure Rp500 billion...

Latest article

Indonesia’s Nippon Indosari to Buy Back 10% Stake

JAKARTA (TheInsiderStories)--Indonesia’s leading bread maker PT Nippon Indosari Corpindo Tbk (IDX: ROTI) plans to buy back 10 per cent of the public stake or equivalent...

Jakarta’s First LRT to Launch in August After Palembang

JAKARTA (TheInsiderStories) - After the first light rapid transit (LRT) in Palembang, South Sumatera tested by President Joko Widodo on July 13, the government...

Indonesia’s IIGF Offers Four Projects worth US$332M

JAKARTA (TheInsiderStories) - PT Penjamin Infrastruktur Indonesia also known Indonesia Infrastructure Guarantee Fund (IIGF) has offered four national strategic projects (NSP) worth Rp4.75 trillion (US$332.17...

Critics Say too Early to Claim Victory in Freeport Negotiation

JAKARTA (TheInsiderStories)--Critics are quick to reign in the celebration by the government and its supporters who claim victories in shares divestment mining giant Freeport...

Political Review: Subianto to Alliances With SBY in 2019 Presidential Election?

JAKARTA (TheInsiderStories) - Ahead of the registration of presidential and vice presidential candidates on August 4-10, the name continues to emerge and more difficult to predict....

Morning Briefing: Prabowo Bags Presidential Candidates from Three Parties, Widodo Pocketed VP Names

JAKARTA (TheInsiderStories) - Good morning. The election of presidential and vice president (VP) candidates of the 14 parties that participated in the 2019 election is...