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Jakarta
Wednesday, November 21, 2018
JAKARTA (TheInsiderStories) - Indonesian government again issued the Economic Policy Package to solved the the current account deficit (CAD), addressed the global economic pressure, normalization of US monetary policy and the US-China trade war, said one senior minister on Friday (15/11). "This policy package is intended to strengthen trust in the government...
JAKARTA (TheInsiderStories) -  Indonesian government in the process to establish two new holding of Infrastructure also Housing and Regional Development for state-owned enterprises (SOEs), said one government official on Thursday (15/11). The process of forming these two holding companies will be carried out in 2018-2020 and in 2020-2022. Aloysius Kiik...
JAKARTA (TheInsiderStories) — Association of Southeast Asian Nations (ASEAN) and Japan agreed to strengthening the cooperations in South China Sea security, regional trade, also stated support over North Korea denuclearization. The commitment mentioned in the 21st ASEAN Japan Summit on Thursday (15/11) in Singapore. ASEAN and Japan highlighted the implementation...
JAKARTA (TheInsiderStories) — In front of global leaders in ASEAN plus three summit, Indonesia President Joko Widodo asked to minimize dependency only on one currency to tackle global uncertainty and protectionism. He also urged the leaders to implementing currency swap and using domestic currency in the cross-country trade transaction payment...
JAKARTA (TheInsiderStories) — Global trade uncertainty has encouraged the Regional Comprehensive Economic Partnership (RCEP) discussion to be soon completed. However, reaching a free-trade agreement agreement is not an easy task for 10 ASEAN countries, along with six Australia, China, India, Japan, South Korea, and News Zealand, as it keeps...
JAKARTA (TheInsiderStories)- Bank Indonesia (BI) decided to increase its 7-day Reverse Repo Rate (BI-7DRR) by 25 bps to 6.00 percecnt. The Bank also rise the Deposit Facility interest rate by 25 bps to 5.25 percent, and the Lending Facility interest rate by 25 bps to 6.75 percent. BI Governor Perry...
JAKARTA (TheInsiderStories) - Garuda Indonesia Group, through its subsidiaries PT Citilink Indonesia, took over the operational management of PT Sriwijaya Air and PT NAM Air, said the company on Wednesday (14/11). The agreement has been signed on Nov. 9, 2018. According to PT Garuda Indonesia Tbk (IDX: GIAA) CEO Ari...
JAKARTA (TheInsiderStories) - After introducing its Domestic Market Obligation policy for coal on March 12, 2018, Indonesia government is going forward with its plan to introduce a DMO for gas. In near time, the Ministry of Energy and Mineral Resources (MEMR) will implement the special price of gas for DMO, said...
JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia (BI) will announce its 7-Day Reverse Repurchase Rate (7-DRR rate) today. Some analysts predicted the central bank will hold its rate at 5.75 percent and Rupiah strengthened again. Investors has anticipated the Bank's monetary stance seen from the strengthening of the Rupiah and...
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 softer external demand could continue to weigh on near-term growth. Japan’s real GDP growth fell by 0.3 percent quarter-on-quarter (QoQ) to 1.2 percent annualized, following a...

Latest article

Morning Briefing: Indonesia Postponed Jakarta-Bandung HST, LRT Projects

JAKARTA (TheInsiderStories) — Good morning! Transportation Ministry postponed the development of two national strategic projects namely Jakarta-Bandung High Speed Train (HST) and Light Rail Transit...

French Michelin, South Korean Hankook Eyes Indonesian Tyre Maker Multistrada’s Shares

JAKARTA (TheInsiderStories) - A number of global tyre companies have shown their interest in acquiring Indonesia’s tyre maker, PT Multistrada Arah Sarana Tbk (IDX: MASA),...

Indonesian Gov’t Call Off to Revokes First Media Frequency License

JAKARTA (TheInsiderStories) - Indonesian internet provider, PT First Media Tbk (IDX: KBLV), PT Internux, dan PT Jasnita Telekomindo' 2,3 GHz frequencies revoke was delayed from plan....

Morning Briefing: Bank Indonesia Sees Lower Economic Growth

JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia lowering the 2019’s economic growth projection, in accordance with the 7-Day Reverse Repurchase (7-DRR) rate increase...

Indonesia, China Renew Bilateral Local Currency Swap Arrangement

JAKARTA (TheInsiderStories) — Bank Indonesia and People's Bank of China (PoBC) renew its cooperation over bilateral local currency swap arrangement and doubling the amount from...

Indonesia’s Investment Coordinating Board Appoints Four New Deputy

JAKARTA (TheInsiderStories) - Head of the Investment Coordinating Board Thomas Trikasih Lembong appointed four new deputy at his agency on Monday (19/11). The four new...