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Wednesday, January 16, 2019
JAKARTA (TheInsiderStories) - Indonesian oal miner PT Bumi Resources Tbk (IDX: BUMI), controlled by Bakrie Group, is now to convert its debt worth US$3.8 billion into equity or new loans. Based on the Company statement issued last week that it has commenced four exchanges to change the existing debt for new loans...
JAKARTA (TheInsiderStories) - State coal miner PT Bukit Asam Tbk (IDX: PTBA) and state railway operator PT Kereta Api Indonesia (KAI) signed an agreement for coal transportation at 130.1 million tonnes (mt) of volume during 2017-2021 period, said the company in press statement. The coal is sourced from PTBA's coal mining in...
JAKARTA (TheInsiderStories) - After a thorough four-day selection process, the House of Representatives (DPR) finally appointed prominent bureaucrat Wimboh Santoso as the new boss of the Financial Services Authority (OJK) for the period of 2017-2022. Wimboh was elected in a nearly unanimous vote last week. Wimboh, the president commissioner of Bank...
Singapore, June 08, 2017 -- Moody's Investors Service has withdrawn the B2 corporate family rating of Energi Mega Persada Tbk (P.T.) (EMP) due to insufficient information. RATINGS RATIONALE Moody's has withdrawn the rating because it believes it has insufficient or otherwise inadequate information to support the maintenance of the rating. EMP is an independent oil &...
JAKARTA (TheInsiderStories) - The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively, said the central bank in a press statement. The Governing...
JAKARTA (TheInsiderStories) - Indonesia’s foreign exchange (forex) reserve stood at US$124.95 billion as of end-May 2017, higher than the end of April 2017 at US$123.25 billion thanks to foreign exchange earning from tax revenues, oil and gas export proceeds, also BI's foreign exchange bills. "The receipts surpassed the uses of foreign exchange for repayments...
JAKARTA (TheInsiderStories) - Wimboh Santoso elected as the Chairman of the Board Commissioners of the Financial Services Authority (OJK) for the period of 2017-2022 replacing Muliaman Hadad. Last night, Wimboh defeated Sigit Pramono in the voting process at the House of Representatives (DPR). Wimboh started his bureaucrats career in Bank Indonesia as a banking...
By Harumi Taguchi, principal economist at IHS Markit   Key Points: Japan’s real GDP growth for the first quarter (Q1) of 2017 was revised down to 0.3% quarter to quarter (q/q), or 1.0% q/q annualized, from 0.5% q/q or 2.2% q/q annualized. The surprisingly softer growth was mainly due to the...
By Brian Jackson, China Economist, IHS Markit Key Points: China's merchandise exports grew 8.7% in May, compared to 8.0% in April, according to data from the General Administration of Customs. Modestly faster export growth was mostly the result of accelerating demand in the European Union and Hong Kong, stable demand...
JAKARTA (TheInsiderStories) - Indonesian ministers offers projects with worth of billion dollars to foreign investors followed upgrading rating from Standard & Poor's and other agencies revise the country other performances. During visited the offices of three state-owned enterprises of China engaged in oil and gas in Beijing on June 7, Energy and...

Latest article

China Injected a Lot of Money to Stimulate the Economy

JAKARTA (TheInsiderStories) - People's Bank of China (PBoC) injects the largest amount of money RMB560 billion (US$82.84 billion) through open market operations today (01/16)to...

Bukit Asam, Pertamina, US’s Air Products Collaborates Build Coal Gassifiaction

JAKARTA (TheInsiderStories) — Two state-owned enterprises, PT Bukit Asam Tbk (IDX: PTBA) and PT Pertamina, along with Air Products and Chemicals Inc. from United...

May’s Brexit Raises Doubt to Face the Next Referendum

JAKARTA (TheInsiderStories) – After British exit (Brexit) rejected by the parliament, now Prime Minister Theresa May is facing a vote of no confidence from...

Indonesian Deposit Rates Increasing will be Limited

JAKARTA (TheInsiderStories) - The Indonesia Deposit Insurance Corporation (IDIC) predicts, that the increase in Rupiah and foreign exchange deposit rates will be limited this...

Insight: Need New Policies to Improves Indonesian Transportation System

JAKARTA (TheInsiderStories) – Welcome the beginning of 2019, Indonesian airlines sector is shocked by the issue of rising domestic flight fare and baggage fees...

Avtur, Rupiah Makes Indonesian Flight Fare Expensive

JAKARTA (TheInsiderStories) – Indonesian government admitted the high price of aviation turbine (avtur) caused by the high tax burden, said senior official on Tuesday...