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Thursday, December 14, 2017
JAKARTA (TheInsiderStories) - Indonesian automotive conglomerate PT Astra International Tbk (IDX:ASII) expects the automotive market to record modest growth next year, on the back of muted economic growth. The company projects Indonesia’s 2018 automotive sales to reach 1 million units, aligned with a 5 per cent prediction of national economic...
JAKARTA (TheInsiderStories) – The Indonesian Finance Minister Sri Mulyani Indrawati has confirmed that after pressuring Google to settle its tax obligation, the government will continue to monitor other 'over-the-top' (OTT) companies for potential revenues, from the rapidly-growing information technology business. "We will use the same principles for the companies that...
JAKARTA (TheInsiderStories) – Indonesia’s largest coal producer PT Bumi Resources Tbk (IDX:BUMI) has set Dec. 11, 2017 as the effective date for the exchange for the old debts worth $2.6 billion with the new securities and new loans. The company’s Director & Corporate Secretary Dileep Srivastava said in a statement...
JAKARTA (TheInsiderStories) - Indosat (ISAT), the second-largest telecom player in Indonesia, reported 29 per cent growth in net profit, at Rp1.09 trillion for Jan-Sep 2017, compared to the same period last year, supported by better revenues and higher cost efficiency. The company's revenues rose 4.8 per cent to Rp22.6 trillion...
JAKARTA (TheInsiderStories) - Japanese lender Bank of Tokyo-Mitsubishi UFJ (BTMU) will acquire a 40 per cent in publicly-listed PT Bank Danamon Indonesia Tbk (IDX: BDMN) in two phases, starting early next year, according to the Indonesia Financial Services Authority (FSA). In the first phase, BTMU will acquire 20 per cent...
JAKARTA (TheInsiderStories) - The price of crude palm oil (CPO) is projected to strengthen in the first quarter of 2018, due to the impact of La Niña weather phenomenon and rising CPO demand in traditional big CPO importing countries, analysts and industry players say. Palm oil output from Indonesia, the...
JAKARTA (TheInsiderStories) - Indonesian ride-sharing company Go-Jek has set a plan to conduct an Initial Public Offering (IPO) in the next few years, according to Go-Jek Company CEO Nadiem Makarim. “We are definitely going to (launch) an IPO,” Makarim said at Bloomberg’s Year Ahead Asia Conference in Jakarta on Wednesday. The...
JAKARTA (TheInsiderStories) - The Toll Road Regulatory Agency (BPJT) has decided to adjust the tariffs of nine toll roads, starting Dec. 8. Head of BPJT Herry Trisaputra Zuna explain that the increased tariff has been approved by the Minister of Public Works and People's Housing, in line with applicable regulations. The nine...
JAKARTA (TheInsiderStories) - Indonesian Government has raised $4 billion from the global bonds issuance, the proceeds of which will be used for pre-funding the 2018 State Budget, Finance Ministry said. The global bonds consist of three tranches – RI0123 bond worth $1 billion with  tenor of 5 years and yield of...
JAKARTA (TheInsiderStories) –Bank Indonesia (BI) announced on Tuesday that banks will be permitted to conduct hedging transactions in Chinese Yuan (CNY), starting Dec. 6 to support the central bank’s efforts to broaden the use of foreign currencies in the economy. Previously, BI opened Swap Hedging Transactions in Japanese Yen (JPY)...

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ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company,...

The Fed Rates Hike 0.25%, Signals Three More in 2018

JAKARTA (TheInsiderStories) - U.S's Federal Reserves raising the interest rates by a quarter point to 1.5% for the third time this year and foresees three additional...

Industry Review: Indonesia Catching Up with Renewable Energy Development

JAKARTA (TheInsiderStories) - Indonesia has so far been moving at a snail’s growth in the development of renewable energy, for various reasons. However, this...

Hary Tanoe Requests IDX to Halt MNCN Stocks Trading

JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange...

World Bank Sees Indonesia GDP to Accelerate by 5.3% in 2018

JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger...

Golkar Support to Government Unchanged as Hartarto Takes Party Helm

JAKARTA (TheInsiderStories) - Indonesia's second largest political party, Golkar announced that the party's plenary meeting on Wednesday night (13/12) has agreed to appoint the...