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Jakarta
Thursday, May 24, 2018
JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets. The central...
JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan to PT Tirta Amarta Bottling (TAB). The Agency representative on Monday (21/05) said the Attorney General Office has revealed the value of state losses reached Rp1.5...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has agreed to reinstate the suspended military’s Joint Special Operations Command to assist the National Police to counter terrorism. The team, which includes personnel of Special Forces from the three branches of the military will be put on standby and be ready to...
JAKARTA (TheInsiderStories) - After more than a year of negotiations,The largest energy producer in Indonesia PT Pertamina expects to complete its acquisition of an operating interest in Iran's Mansouri oilfield in May. With its finances in better order, the state-owned firm is also venturing further offshore. Pertamina will have a 30 per cent...
JAKARTA (TheInsiderStories)—The rise of Bank Indonesia’s (BI) interest rate by 25 basis points (bps) to 4.50 per cent was unable to hold rupiah weakening, as investors are more concerned with Indonesia’s current account deficit. Bank Indonesia raised on Thursday its key interest rate by 25 basis point (bps) to 4.50...
JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said on Friday (18/5) the government had set the target of economic growth in 2019 in the range of 5.4 per cent to 5.8 per cent, higher than this year target at 5.4 per cent. "The growth target is directed to promote...
JAKARTA (TheInsiderStories)--Indonesia and India agreed to cooperate in the maritime sector to balance China's Belt and Road Initiative (BRI). The preliminary talks on the agreement took place during a visit by the Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan to New Delhi. The cooperation opportunities will take more concrete...
JAKARTA (TheInsiderStories) - Indonesian prosecutors asked on Friday (18/5) the panel of judges at the South Jakarta public court to hand down a death penalty for Aman Abdurrahman, the alleged spiritual leader of Jamaah Ansharud Daulah (JAD), the nation's largest pro-IS terrorist group. Abdurrahman, who police and prosecutors say is a...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets, BI Governor Agus Martowardojo said in a press conference on Thursday (17/5). The Indonesian Central Bank also...
JAKARTA (TheInsiderStories) -Indonesia power producer PT Perusahaan Listrik Negara (PLN) announced on Thursday the expiration and results of its previously announced tender offers to purchase for cash any and all of the outstanding bonds worth US$750 million  which is due in August 2019. The bonds were issued by Majapahit Holding...

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