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Jakarta
Saturday, August 18, 2018
JAKARTA (TheInsiderStories) - Indonesian President hold a limited meeting today (14/08) to evaluate the progress of government policies to strengthening the domestic economy. The Rupiah and Jakarta Composite Index (JCI) weakening become Indonesian government concern amid the trade war and other international and domestic issues. In months, the local currency has...
JAKARTA (TheInsiderStories)--Indonesian palm oil company PT Andira Agro Tbk eyes Rp100 billion (US$6.83 million) from initial public offering (IPO) in August 2018. Andira Agro will offer 500 million shares and set a price at Rp200 per share so that the company will get funds of Rp100 billion. The company targets...
JAKARTA (TheInsiderStories) - Foreign oil producer PT Chevron Pacific Indonesia and PT ExxonMobil Indonesia would discuss with Indonesian government on the new policy requiring the mandatory sale of crude oil to state-owned energy producer PT Pertamina. Minister Energy and Mineral Resources (MEMR) Ignatius Jonan informed at the limited meeting on Tuesday (14/08), President...
JAKARTA (TheInsiderStories) - PT Angkasa Pura (AP) II, a state-owned airport operator, planned to build  Soekarno Hata International Airport 2 in the existing airport, said Transportation Minister Budi Karya Sumadi on Saturday (11/08). The airport project is estimating need costs over than Rp100 trillion (US$6.99 billion). He said, the airport will be...
JAKARTA (TheInsiderStories)- The Indonesian government's State Budget deficit was equal to 2.6 per cent of gross domestic product in 2017, lower than the government's target of 2.9 percent of GDP. Finance Minister Sri Mulyani said Tuesday (02/01), the government spending reached more than Rp 2000 trillion, or 94 per cent of its...

JCI Worst Performer in Asia

JAKARTA (TheInsiderStories)--The Jakarta Composite Index (JCI) fell the most among Asia Pacific markets today (13/8) driven by Turkey crisis and widening current account deficit (CAD). On Monday (13/08), JCI closed down 3.29 percent or 200.13 points at 5,877.52 at the end of today's trading, the lowest since November 11, 2016. Singapore's...
JAKARTA (TheInsiderStories)--The United States (U.S) has urged World Trade Organization (WTO) to impose an annual sanction on Indonesia over trade disputes that cost US industries of US$350 billion in 2017. The U.S considers Indonesia is not seriously implementing policy changes after losing trade dispute against the U.S and New Zeland....
JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the damage of the earthquake at Rp7.45 trillion (US$520.97 million). The spokesman Soetopo Purwo Nugroho said in a press statement on Wednesday (15/08), the damages and losses...
JAKARTA (TheInsiderStories) ​— Cicil​, the leading instalment financing platform for Indonesian university students, announced earlier today that it has secured a Series A funding led by East Ventures and Vertex Ventures. New investors K3 Ventures and Ethos Partners, as well as existing investor Accord Ventures also participated in the...
JAKARTA (TheInsiderStories)--Indonesian President Joko Widodo instructed PT Pertamina to buy all domestic oil production at market prices in order to maintain current account deficit (CAD) and stabilise rupiah against US dollar. Indonesia produces around 740,000 to 800,000 barrel oil per day (BOPD) divided to the government's share and oil & gas contractors'...

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...