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Jakarta
Monday, December 10, 2018
JAKARTA (TheInsiderStories) - Good morning. The Demokrat Party made an unpopular and surprising decision by allowing his cadres not adhering to the party’s line in supporting the opposition camp in the 2019 Presidential Election after a slew of party officials jumped ship and decided to back the re-election bid of President...
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)—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) - 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 (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 (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 Galang Batang SEZ in Riau Officially Operating

JAKARTA (TheInsiderStories) - Coordinating Minister for Economic Darmin Nasution, last Saturday, inaugurated Galang Batang Special Economic Zone (SEZ) in Bintan, Riau Islands Province. The Development and...

OPEC Cuts Oil Productions 1.2 Million Barrels per Day

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC has agreed to cut oil production amid United States (US) President Donald Trump to...

Weekly Briefing: More Tense on US-China Trade War amid Huawei Top Official Arrest

JAKARTA (TheInsiderStories) — Good morning! The ongoing tariff trade war between the United States (US) and China may be in a ceasefire now but...

Taiwanese Pegatron Moves Factory to Indonesia as Trade War Bites

JAKARTA (TheInsiderStories) — The ongoing trade war between the United States (US) and China has impacted Taiwanese Pegatron Corp., who have decided to move one...

Income of Indonesian Life Insurance Slowing Down in 3Q 2018

JAKARTA (TheInsiderStories) - The Indonesian Life Insurance Association noted that total revenue from life insurance in the third quarter (3Q) of 2018 slowed 15.5...

Indonesian Forex Reserves Slightly Up to US$117.2B in November

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has noted that Indonesia's foreign exchange (forex) reserves stood at US$117.2 billion in November, slightly up compared to...