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Wednesday, November 21, 2018
  JAKARTA (TheInsiderStories) -The Asia and Pacific region continues to deliver strong growth, in the face of widespread concerns about growing protectionism, a rapidly aging society, and slow productivity growth, according to the International Monetary Fund (IMF) latest regional report. The IMF estimates growth for the Asia and the Pacific region...
JAKARTA (TheInsiderStories) – The Panel of Judges at the North Jakarta District Court has sentenced Jakarta Governor Basuki T. Purnama two years in jail over alleged blasphemy case. Following the decision, Deputy Jakarta Governor Djarot Saiful Hidayat will assume the post as Acting Governor of Jakarta. “As I am one package...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, extending yesterday’s gains, on positive economic data, including steady economic growth in the first quarter and higher foreign exchange reserves, as well as ongoing capital inflow, analysts say. On Monday, the JCI closed up 24.485 points or up 0.43...
JAKARTA TheInsiderStories) -The Indonesian Association of Beverages Industry (ASRIM) revealed that the beverage industry experienced negative growth in the first quarter of 2017 because the weakening of consumers' purchasing power. Based on data from the Central Bureau of Statistics (BPS), the country's beverage industry production experienced a negative growth of 5.42...
JAKARTA (TheInsiderStories) - Indonesia’s official foreign exchange reserves have increased to US$123.2 billion in April 2017, from previous month of US$121.8 billion, partly driven by improved external trade, the central bank, Bank Indonesia data shows. Executive Director of Communication Department of Bank Indonesia (BI) Tirta Segara said the increase of foreign exchange...
JAKARTA (TheInsiderStories) - PT Astratel Nusantara, a subsidiary of PT Astra International Tbk (IDX: ASII), has increased its share ownership in the Cikopo-Palimanan (Cipali) toll road to 45 percent, strengthening the company's investment portfolio on the toll road business. Astratel Nusantara has bought 60 percent shares of PT Baskhara Utama Sedaya (IDX:...
Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: The Vietnamese economy remains one of the world’s brightest emerging market stars, as rapid industrialization continues to transform the economy Vietnam’s total GDP is forecast to reach USD 320 billion by 2021, with rapid growth in manufacturing exports, international tourism, and...
JAKARTA (TheInsiderStories) - PT Bank Mandiri Tbk (IDX:BMRI) announced its plan to issue bonds, consisting of coupon bond and zero coupon bonds as part of its Sustainable Bond I Phase II 2017. The value of the bonds is yet to be revealed. The bonds proceeds will be used to...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today driven by ongoing capital inflow as well as stable economic growth. As revealed by the Central Bureau of Statistic (BPS), Indonesia recorded GDP growth of 5.01 percent in the first quarter 2017. On Friday, the Jakarta Composite Index closed...
JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX:BUMI), the country's largest coal producer targets coal sales volume rise of 5-7 percent for 2017 and coal price increase of 30 percent for full year 2017. The company maintains its target given encouraging results in the first quarter of 2017. In the first quarter,...

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Indonesia’s Chamber of Commerce Asks Negative Investment Lists Postponement

JAKARTA (TheInsiderStories) -- Indonesia government decision to remove some business fields in the negative investment lists gets contrary from Chamber of Commerce and asked to...

ASEAN Digital Economy Sales to Reach US$240B in 2025, Google-Temasek Report

JAKARTA (TheInsiderStories) — Digital economy sales can grow to US$240 billion in 2025, according to Google-Temasek report released today. The number is predicted to...

Indonesian Deposit Insurance : Banking Liquidity Will Still Tighten

JAKARTA (TheInsiderStories) - Indonesia Deposit Insurance Corporation (DIC) considers that banking liquidity will have the potential to tighten until the end of 2018. This is...

Japan’s Sumitomo Invests US$1.8B in Indonesia’s EV Battery Project

JAKARTA (TheInsiderStories) - Japan's miner Sumitomo Metal Mining Co., Ltd., planned to invest US$1.8 billion on EV battery  businesses in Indonesia. The miner has conducted...

Morning Briefing: Indonesia Postponed Jakarta-Bandung HST, LRT Projects

JAKARTA (TheInsiderStories) — Good morning! Transportation Ministry postponed the development of two national strategic projects namely Jakarta-Bandung High Speed Train (HST) and Light Rail Transit...

French Michelin, South Korean Hankook Eyes Indonesian Tyre Maker Multistrada’s Shares

JAKARTA (TheInsiderStories) - A number of global tyre companies have shown their interest in acquiring Indonesia’s tyre maker, PT Multistrada Arah Sarana Tbk (IDX: MASA),...