25 C
Jakarta
Friday, December 15, 2017
JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), a state-owned energy producer signed three agreements energy power generation from renewable energy with three energy companies Independent Power Producers (IPP) of France, said Ministry of Energy and Mineral Resources (MEMR) on Monday (12/12). The signing of the Letter of Intent (LoI)...
JAKARTA (TheInsiderStories) - Indonesian retail group and conglomerate Lippo Group has announced a plan to issue new shares in the first quarter of next year to fund business expansion and expedite working capital. Industrial township developer Lippo Cikarang, multi-format retail operator Matahari Putra Prima and urban developer Lippo Karawaci plan pre-emptive...
JAKARTA (TheInsiderStories) - The Ministry of Industry plans to provide manufacturers — principal contributors to the national gross domestic product (GDP) — with three tax incentives to try to jump-start the Indonesian economy, which has suffered from slow growth in recent years. The government expects all sectors excluding the oil &...
JAKARTA (TheInsiderStories) - The Indonesian government has revealed a plan to impose import duties on intangible goods tradable on ‘on-line platforms’ – such as e-books, software, and online archives. The new protocol was initiated by Finance Minister Sri Mulyani Indrawati, with the objective of broadening State Revenue streams in upcoming...
JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Business (SKKMigas) has appointed gas distributor PT Perusahaan Gas Negara Tbk (IDX:PGAS) over other state-owned energy firm PT Pertamina. The agency said in a stipulation dated Dec. 4, 2017 to sell the Liquefied natural gas (LNG) is...
JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) has raised Rp1 trillion, about $74 million, from a new issue of offshore Indonesian rupiah-linked bonds. The transaction was structured as an 11-year fixed rate bond maturing in December 2028. The transaction is the first such bond issue from a multilateral development...
JAKARTA (TheInsiderStories) – Indonesia President Joko Widodo on Friday afternoon (8/12) installed Air Marshal Hadi Tjahjanto as new Military Chief, replacing current General Commander Gatot Nurmantyo, whose tenure will end in April 2018. Air Marshal Hadi Tjahjanto was proposed by Widodo to House Representative early this week as sole candidate for the new Military Chief....
JAKARTA (TheInsiderStories) - The recognition of Jerusalem, Palestine as the capital of Israel by US President Donald Trump, replacing Tel Aviv, is likely to have an impact on the economies of countries in the Middle East, and could trigger higher oil prices. The Indonesian government has expressed concern that Trump's announcement could signal...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has slapped a ban on virtual currency Bitcoin, a payment protocol popular globally, derived from financial technology (fintech) companies. The ruling banning Bitcoin will become effective in January 2018, according to Bank Indonesia Deputy Governor Sugeng. This regulation attempts to suppress the use of...
The Series C round was led by LeapFrog Investments, with significant participation from existing investors Accel and TCV JAKARTA (TheInsiderStories) - United Kingdom's (UK) leading digital money transfer service WorldRemit has raised US$40 million to drive its next phase of global growth, including an expansion of its Indonesia operation, the...

Latest article

ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company,...

The Fed Rates Hike 0.25%, Signals Three More in 2018

JAKARTA (TheInsiderStories) - U.S's Federal Reserves raising the interest rates by a quarter point to 1.5% for the third time this year and foresees three additional...

Industry Review: Indonesia Catching Up with Renewable Energy Development

JAKARTA (TheInsiderStories) - Indonesia has so far been moving at a snail’s growth in the development of renewable energy, for various reasons. However, this...

Hary Tanoe Requests IDX to Halt MNCN Stocks Trading

JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange...

World Bank Sees Indonesia GDP to Accelerate by 5.3% in 2018

JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger...

Golkar Support to Government Unchanged as Hartarto Takes Party Helm

JAKARTA (TheInsiderStories) - Indonesia's second largest political party, Golkar announced that the party's plenary meeting on Wednesday night (13/12) has agreed to appoint the...