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Jakarta
Sunday, October 21, 2018
JAKARTA (TheInsiderStories) - Four global leaders meeting this September will give major influences to the global market amid the high tense in Korean Peninsula. North Korean leader Kim Jong Un has requested a second summit with United States (US) President Donald Trump after their first meeting in Singapore. At the same time...
JAKARTA (TheInsiderStories) – The House of Representatives’ Commission-XI, which is in charge of state budget, has approved the macroeconomic assumptions in the 2019 state budget with economic growth being targeted at 5.3 percent and inflation at 3.5 percent. During the hearing with the House’s state budget commission led by Commission-XI Chairman Melchias...
JAKARTA (TheInsiderStories)—Indonesia's President Joko Widodo on Thursday (21/06) announced a Rp11 trillion (US$789.8 million) plan to add a fourth terminal at Soekarno-Hatta International Airport. The current development process is in the engineering design process with construction estimates starting in 2020. Soekarno-Hatta Airport operator PT Angkasa Pura II (Persero) will invite...
 JAKARTA (TheInsiderStories) -  Indonesian government will release a national gas balance which will show the total supply of gas, producers and consumers across the country. The government will also develop gas as one of the prime movers of the economic growth, and not only as a commodity as it is...
JAKARTA (TheInsiderStories) - Indonesia Supreme Court ordered the Minister of Transportation to revoke the Regulation Number 108 of Year 2017 concerning the Implementation of Transportation of People with Public Motorized Vehicles Not in Routes. Case began when the ministry issued the regulation on June, 2017. During the process of making of the rules,...
JAKARTA (TheInsiderStories) - The Indonesian government decided to raised the value tax of Article 22 for 1,147 imported commodities to 7.5 percent to 10 percent from the original rate around 2.5-10 percent, said one senior official on Wednesday (05/09). While the imposition of income tax for other specified 57...
JAKARTA (TheInsiderStoriesI - The Trump Administration has announced a second tranche of tariffs on China, with a 10 percent tariff on an additional US$200 billion of Chinese products to be imposed from 24 September. According to Rajiv Biswas, Asia Pacific Chief Economist at IHS Markit, these measures have been taken as part...
JAKARTA (TheInsiderStories)—Retailer PT Mitra Adiperkasa Tbk (MAPI) had obtained a shareholder’s approval on Monday for 10-for-1 stock split which will boost liquidity of the company’s stock on the Indonesia Stock Exchange. The stock split approval will value Mitra Adiperkasa’s shares at Rp800 a piece from currently Rp8,000. The company’s shareholders also approved a dividend...
JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly to distribution problems. The use of B20 is aimed to reduce import of oil fuel, which is seen as the main factor causing the current...
JAKARTA (TheInsiderStories) - Moody's Investors Service says that Indonesia's (Baa2 stable) broadly sound economic fundamentals and strengthened policy framework are containing credit risks associated with the Rupiah's recent decline, but additional currency weakness would have economy-wide credit-negative effects, especially given the government and corporate sector's reliance on external funding. "In recent years, policymakers...

Latest article

Indonesia’s Pertamina Plans to Buyback Bond up to US$2.25B

JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina announced that it has commenced tender offers to purchase for cash any and all of the outstanding 2021...

Moody’s assigns Baa2 to Pertamina’s MTN Drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured USD notes to be issued by Pertamina (Persero) (P.T.). The rating...

Indonesia Renegotiates Korean KFX Fighter Jet Contract to Reduce Rupiah Depreciation

JAKARTA (TheInsiderStories) - The depreciation of Rupiah exchange rate impacted weaponry system procurement, including Korea Fighter Xperiment or Indonesia Fighter Xperimen (KFX/IFX) fighter jet. Therefor, Indonesia...

Islamic Recitation Forum Influences More to Indonesian Voters: Polmark

JAKARTA (TheInsiderStories) - A non-formal Islamic recitation forum, also called majelis taklim in Indonesia, is considered having big influence to election voters, according to PolMark...

Indonesia’s Salim, Medco Invests US$530M into Singapore Hyplux

JAKARTA (TheInsiderStories) - Salim Group joined with Medco Group expand their businesses to Singapore. Its unit, Singapore based SM Investments Pte Ltd announced has signed a binding agreements to...

Indonesia Considers to Remove Luxury Homes Taxes to Drive Property Business

JAKARTA (TheInsiderStories) - Indonesian government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the...