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Saturday, September 22, 2018
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating of Lippo Karawaci Tbk (P.T.) to B3 from B2. Moody's has also downgraded the backed senior unsecured rating of the bonds issued by Theta Capital Pte. Ltd., a wholly-owned subsidiary of Lippo Karawaci, to B3 from B2. The bonds are...
JAKARTA (TheInsiderStories) - Good morning. Indonesian government and lawmakers from the budget committee had agreed to raise the outlook on tax revenue in the 2019 State Budget to Rp1,784 trillion from earlier estimates of Rp1,781 trillion on expectations of higher income from the oil and gas sector. The government, represented by the...
JAKARTA (TISIntel) - A standard economic dictum will accept the positive correlation between growth in a country’s exports and currency depreciation. The reason being is that weak currency will make exports of goods and services cheaper thus making it more attractive for foreign buyers. The correlation would also work in reverse. Weak...
JAKARTA (TheInsiderStories) - Unit of Singapore Catalist listed's Silkroad Nickel Ltd.,(SGX: STP) signed a head of agreements to form a joint venture for smelter facilities construction in Morowali, South Sulawesi, said the company on Tuesday (18/09). The definitive agreements are expected to be signed no later than six months. An Indonesian...
JAKARTA (TheInsiderStories) - The opposition camp Prabowo Subianto -Sandiaga Uno has launched Koalisi Indonesia Adil dan Makmur (Indonesian Fair and Prosperous Coalition) as an official name for the opposition coalition. The launching of the coalition was carried out on Tuesday night (18/09) in Subianto' house in South Jakarta. The coalition consist of Gerindra Party, Keadilan Sejahtera Party (PKS)...
JAKARTA (TheInsiderStories) - Moody's Investors Service has revised ABM Investama Tbk (P.T.)'s ratings outlook to negative from stable. At the same time, Moody's has affirmed the company's Ba3 corporate family rating and the Ba3 senior unsecured rating on its US$350 million notes due 2022. RATINGS RATIONALE "The change in ABM's ratings outlook to negative reflects mounting operational...
JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and parliament agreed to set Indonesian Crude Price (ICP) 2019 pegged at US$70 a barrel following the dynamics of world oil prices, said one senior official on Tuesday (18/09). This figure higher compared to the 2018 State Budget at $48 a...
JAKARTA (TheInsiderStories) - Head of the Fiscal Policy Office for Ministry of Finance (MoF) Suahasil Nazara projected Indonesian import growth could be reduced by 11 percent by the end of 2018. One of the driving factors was the weakening of the Rupiah and series of policies carried out by the government, he...
JAKARTA (TheInsiderStories) - Good morning. Indonesia’s financial market is set for a turbulent day as the United States (US) President Donald Trump made good of his promise of imposing punitive tariffs on more Chinese goods. The billionaire President announced 10 percent tariff on Chinese imports worth US$200 billion to the US, saying...
JAKARTA (TheInsiderStories) - Former Indonesian President Susilo Bambang Yudhoyono also known SBY, said that he felt defamed by a report of Hong Kong based media Asia Sentinel on PT Bank Century Tbk (IDX: BCIC) case. The Chairman of Demokrat Party urged he will determined to pursue the libel up to...

Latest article

Insight: Rate Hike Expectation Rise on Misleading Reports on BI’s Meet Schedule 

JAKARTA (TheInsiderStories) - Last week, there were a slew of reports by local media that Bank Indonesia (BI) had pushed back the schedule for this month...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

38 Former Graft Convicts Determined by GEC as an Indonesia’s Legislative Candidates

JAKARTA (TheInsiderStories) - Indonesia General Election Commission determined 38 former graft convicts as definitive candidates for legislative member, said the agency on Thursday (21/09). All of...

Indonesian Govt Use Cigarette Excise Patches Health Insurance Deficit

JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

World Bank : Project Delays, Import Tax Policy Will Not Improves CAD

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...