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Wednesday, January 16, 2019
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has decided to sack Budi Tjahjono as President Director of Askrindo, after the Corruption Eradication Commission (KPK) declared him as a suspect in a corrupted case. Budi Tjahjono was implicated in a case when he was president director of PT Jasindo, a state...
  Mastercard-CrescentRating Global Muslim Travel Index 2017    Indonesia jumps one spot to gain the third spot behind Malaysia and UAE of the list of OIC and non-OIC markets Japan and Taiwan also saw the biggest improvements in ranking on the overall top 10 list Singapore remains as the only non-OIC destination in...
JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) filed notice to the Financial Services Authority that it will request shareholders to approve a 4 for 1 stock split at the forthcoming June 16th 2017 Annual General Meeting of Shareholders. The company is also finalizing its proposal to the OJK for the rights issue approved by...
JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX:INDF) is issuing bonds worth Rp2 trillion, the proceeds of which will be used to repay the principal of previous issued bonds, Indofood VI Bonds (Obgliasi Indofood VI), the company announced on Friday (May 5). The offering date is set on May 5-15,...
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has appointed I Gusti Ngurah Askhara Danadiputra as new President Director of state port operator PT Pelindo III, replacing Orias Petrus Moedak, who has been recently appointed as Finance Director of PT Bukit Asam Tbk (IDX:PTBA). Danadiputra served as Director of...
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry has shaken up the directors board of national gas distribution company PT Perusahaan Gas Negara Tbk (IDX:PGAS) by appointing new president director as well as two new directors. The decision was made the company's annual shareholders meeting (AGM) on late Thursday. The AGM...
JAKARTA (TheInsiderStories) - Lippo Group on Thursday (May 4) revealed its plan to develop new satellite town in West Java, on the Jakarta-Bandung corridor, with estimated investment of Rp278 trillion. The new satellite town will be called Meikarta. Meikarta satellite town will be developed on 22,000,000 square meters of land....
JAKARTA (TheInsiderStories) - PT Waskita Karya Tbk (IDX: WSKT), state-owned construction firm, is offering stakes in its 17 toll roads to investors in order to raise fresh funds to build new toll roads. The move is in line with President Joko Widodo's direction to the State-Owned Enterprises (SOEs) to sell existing...
JAKARTA (TheInsiderStories) -  Indonesian shares are expected to move sideways today as market players are awaiting for fresh leads to make aggressive moves. Trading is likely to focus on stocks that are expected to perform better this year. Desmond Wira, a market analyst, projected to JCI to move sideways again today,...
JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit PT Dairi Prima Mineral to China Nonferrous Metal Industry’s Foreign Engineering & Construction Co. Ltd to pay debt, said one official. The signing of a share...

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...