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Jakarta
Thursday, May 24, 2018
JAKARTA (TheInsiderStories) - Indonesia's venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) to invest up to US$5.0 million in participants of PayPal Incubator, a FinTech (financial technology) startup incubation program in Southeast Asia. Launched in 2016, PayPal...
JAKARTA (TheInsiderStories)- The provincial government of Jakarta will divest its entire 26.25 per cent stake in beer maker and distributor PT Delta Djakarta Tbk, Governor Anies Baswesdan said on Wednesday (16/5). Baswedan said the divestment is expected to fetch some Rp1 trillion, which will be used to create employment opportunities, build education facilities and support...
JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) launched three new stock indexes on Thursday (17/05) as an alternative reference for investors and traders in the market. It includes IDX High Dividend 20 that groups 20 publicly-listed companies, which regularly distributed dividends to its shareholders for the last 3 years and have...
JAKARTA (TheInsiderStories) - Indonesian beauty e-commerce and social platform Sociolla, has announced that it is closing a major funding of US$12 million, led by EV Growth. Participating in the round as well are istyle Inc. and one major institutional investor from Singapore. The company said that these funds will be used partly...
JAKARTA (TheInsiderStories)— The Indonesian government plans to launch an integrated licensing policy or online single submission (OSS) on May 20, 2018, but it must be followed by a push to simplify regulation and provide more fiscal incentives to attract investment. The government is still preparing the launching of single submission...
JAKARTA (TheInsiderStories) - A spat of terrorist attacks that rocked the nation since Sunday (13/5) may hurt the Indonesian government to record 17 million tourist visits this year. Twelve countries, including the United States, United Kingdom, Australia, Singapore and Malaysia, have reportedly issued travel advisories for their citizens in Indonesia...
JAKARTA (TheInsiderStories) -- The drop of Indonesian rupiah to record low at Rp14.100 per US dollar, the lowest in nearly two and half years after the release of the country's trade deficit on Tuesday (15/5), has sent a warning to investors that they are possibly dealing with a rising...
JAKARTA (TheInsiderStories)—Indonesian government should pay attention to the risk of capital outflow to China after the 234 Chinese listed companies will be added to the world’s top index Morgan Stanley Capital International (MSCI) Inc. The MSCI has long refused to include A Class Chinese listed companies on the Shanghai Stock...
JAKARTA (TheInsiderStories) - Japan's gross domestic product contracted at an annualized rate of 0.6 per cent in the first quarter of 2018, according to government data published Wednesday. The world’s third-largest economy shrank at an annualized pace of 0.6 per cent in the January-March period, compared with revised 0.6 per cent...
JAKARTA (TheInsiderStories) - In April, China's economy registered a steady and showed a good momentum for growth featuring stable production and demand growth, National Bureau of Statistics of China reported on May 15. The bureau reported, in the first four months, industrial output rose 6.9 percent, compared with the 6.8-percent gain in...

Latest article

Indonesia Go-Jek Prepares US$500M to Enter SEA Market

JAKARTA (TheInsiderStories) - Indonesia's on-demand services and ride-hailing company Go-Jek announced that it will invest about US$500 million to enter into four new markets...

U.S Overtakes Hong Kong at First Place Ammong World’s Most Competitive Economies

Lausanne, Switzerland –   The top five most competitive economies in the world remain the same as in the previous year, but their order changes,...

Indian Premier Modi to Visit Indonesia Next Week

JAKARTA (TheInsiderStories) - Indian Prime Minister Narendra Modi is all set to travel to Indonesia on May 29 in his first ever visit to...

PTBA Secures US$1.26B Loans from China Exim Bank

JAKARTA (TheInsiderStories)--PT Huadian Bukit Asam Power (HBAP), a joint venture power company between PT Bukit Asam Tbk (PTBA) and PT China Huadian Hongkong Company...

Bank Indonesia to Set Standards on QR Code Payment

JAKARTA (TheInsiderStories)--Bank Indonesia plans to launch the Quick Response (QR) code payment standardization by the end of this month, delayed from the initial plan...

Is Indonesia’s Education Budget Keeping Up with Industry 4.0?

JAKARTA (TheInsiderStories)— While the Indonesian government had set a 20 per cent mandatory allocation of the state budget to education, it remains to be...