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Wednesday, October 24, 2018
JAKARTA (TheInsiderStories)--Indonesia's publicly listed agri-focus lender PT BRI Agroniaga Tbk (IDX: AGRO) eyes Rp2 trillion (US$139.042 million) from a rights issue in September 2018. According to an information disclosure released in the Indonesia Stock Exchange (IDX), BRI Agro will issue 5 billion shares or equivalent to 27.1 per cent of...
JAKARTA (TheInsiderStories) - Indonesian coal miner PT Adaro Energy Tbk (IDX: ADRO) aims to double Kestrel Mine's production to bring the company become one of the world's largest coking coal producers, said the chief executive on Tuesday (17/07). In March 27, the company joint with private equity manager EMR Capital acquired 80 percent of...
JAKARTA (TheInsiderStories)--Indonesia's Ministry of Finance mulled a sanction for accounting giant Deloitte Indonesia for its role in the default of PT Sunprima Nusantara Financing (SNP Finance)'s medium-term note. Head of Financial Support Profession Development Center of MoF Langgeng Subur on Tuesday (7/7) said the investigation of the case had finished and the...
JAKARTA (TheInsiderStories)--India's economy is projected to reach US$3 trillion in 2019 that will make the country the fifth largest economy in the world, IHS Markit reported in a press release on Wednesday (18/07). India has just overtaken France to become the world’s sixth largest economy in 2018. India’s economic ascendancy...
JAKARTA (TheInsiderStories) - The rising of global oil price has hit Indonesia's budget and could disrupt the economy if the government not taking the right policy to face it. Yesterday, Finance Minister Sri Mulyani Indrawati announced the country’s energy subsidy has soar to a four-year high amid the rising of...
JAKARTA (TheInsiderStories) - Good morning. Chairman of the Federal Reserve (the Fed) Jerome Powel to United States's (U.S) Congress bring optimism to the market. Meanwhile, Vice President Mike Pence in his remarks at the U.S's Department of Commerce on July 16, assured that the government will continue to protect...
JAKARTA (TheInsiderStories)--As Indonesia poverty rate reached a record low, the government wasted time to claim victory while oblivious about the issue of income inequality. Central Statistics Agency on Monday (16/07) reported Indonesia recorded 9.82 per cent of the poverty rate in March 2018, the lowest since the financial crisis hit the...
JAKARTA (TheInsiderStories)--Indonesia’s leading bread maker PT Nippon Indosari Corpindo Tbk (IDX: ROTI) plans to buy back 10 per cent of the public stake or equivalent to 618.64 million shares. Vice President Investor Relation and Corporate Communications of ROTI Lukito Kurniawan Gozali on Tuesday (17/06) said the buyback will be conducted within...
JAKARTA (TheInsiderStories) - After the first light rapid transit (LRT) in Palembang, South Sumatera tested by President Joko Widodo on July 13, the government targeting to launch Jakarta's LRT early August, said one official on Monday (16/07). The Jakarta Provincial Government is eyeing to introduce the Kelapa Gading-Velodrome LRT as a...
JAKARTA (TheInsiderStories) - PT Penjamin Infrastruktur Indonesia also known Indonesia Infrastructure Guarantee Fund (IIGF) has offered four national strategic projects (NSP) worth Rp4.75 trillion (US$332.17 million). The projects would be run under the Public Private Partnership-Availability Payment funding scheme. According to IIGF Director of Business Muhammad Wahid Sutopo, the four projects namely...

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Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...