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Saturday, December 15, 2018
JAKARTA (TheInsiderStories) - Indonesia state-owned power producer PT Perusahaan Listrik Negara (PLN) signed hedging transactions amounted US$30 million with three banks to minimize any risks arising from the fluctuating exchange rate in the future, said Sahala Lumban Gaol, Expert Staff for Minister of State-Owned Enterprises told press on Monday (21/8). Hedging...
JAKARTA (TheInsiderStories) - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan insist the divestment of PT Freeport Indonesia (FI) not final yet but the agreement is on the way. Previously, Minister of Energy and Mineral Resources Ignasius Jonan said, U.S miner Freeport McMoran Inc. (NYSE: FCX) has agree to divest 51...
Jakarta (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carriers is ready to become Garuda targets to be an integrated airline service in the next few years. Having been 70 years in the aviation industry, Garuda Indonesia currently owned its maintenance, repair and overhaul (MRO) business...
JAKARTA (TheInsiderStories) - Fitch Ratings believes that the Indonesian authorities' recent initiatives to cut borrowing costs and support economic growth will not have immediate benefits for Indonesian non-financial corporate bond issuers although the moves are important for deepening the local debt market in the longer term. Last month, Indonesia's central...
JAKARTA (TheInsiderStories) - The Indonesian Government proposed Rp409 trillion or $30.3 billion for infrastructure spending next year to the legislative. Why should the government allocate such huge spending? In the 2018 State Budget draft, the budget of infrastructure spending reached 18.56 percent of total spending, up to 5.33 percent from...
Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has also assigned a definitive B2 rating to the U$400 million USD-denominated backed senior unsecured bonds issued by Medco Strait Services Pte. Ltd., a wholly-owned subsidiary of...
JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment to PT Tokopedia, one of largest marketplace operator in Indonesia. This, the first direct investment by the company in Indonesia and will make Alibaba Group a...
JAKARTA (TheInsiderStories) - The The Indonesian government is optimistic that economic growth in 2018 could be in the range of 5.4 percent, said President Joko Widodo in his speech at the parliament on Wednesday (16/8). Economist sees the economic growth target is very hard to achieve. Based on the Draft of...
JAKARTA (TheInsiderStories) - The largest energy provider in Indonesia, PT Pertamina's profit shrunk 24 percent to US$ 1.4 billion in the first half (1H) of 2017 amid the low oil price. Based on the financial report of the company, Indonesia crude oil price stayed at US$48.84 per barrel in the...
JAKARTA (TheInsiderStories) - President of Indonesia Joko Widodo asserted in the third year of his administration will focus on the equitable economic equity. He said, government want the society to be marginalized to taste the development and social justice must be realized in real terms across the nation. "I am confident...

Latest article

Medco Power Indonesia will Increase Power Supply in Riau

JAKARTA (TheInsiderStories) – PT Medco Power Indonesia (MPI), engaged in the power sector, will increase power supply up to 275 megawatt in Riau, said...

Creditor of Indonesia’s Express Requests Delay of Payment

JAKARTA (TheInsiderStories) - Mitra Krakatau Pension Fund, one of indonesian taxi operator PT Express Transindo Utama Tbk (IDX: TAXI), requested a postponement of debt...

Trade War Benefit, Indonesia to Process US$1B Investment in Batam

JAKARTA (TheInsiderStories) — As a consequence of the United States (US) and China trade tariff wars, huge investment is on its way to enter...

Indonesia’s Deposits Rate Possibles to Escalate in 2019

JAKARTA (TheInsiderStories) - Indonesia' deposit rates has potentially to increase due to the possibility of a benchmark rate hike in 2019, said Deposit Insurance Corporation...

Tangled in Debt, Indonesia’s Bakrie & Brothers Executes US$647M from MCB, Private Placement

JAKARTA (TheInsiderStories) — Indonesian holding company, PT Bakrie & Brothers Tbk (IDX: BNBR) raised Rp9.38 trillion (US$646.89 million) from private placement and mandatory convertible...

Kotjo Sentenced Over than 2 Years Prison over Indonesia’s Riau-1 Corruption

JAKARTA (TheInsiderStories) — Blackgold Natural Resources Ltd., Johannes Kotjo was found guilty in the Riau-1 Power Plant bribery case, involving several government and state-owned...