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Thursday, December 14, 2017
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Singapore, June 08, 2017 -- Moody's Investors Service has withdrawn the B2 corporate family rating of Energi Mega Persada Tbk (P.T.) (EMP) due to insufficient information. RATINGS RATIONALE Moody's has withdrawn the rating because it believes it has insufficient or otherwise inadequate information to support the maintenance of the rating.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...
JAKARTA (TheInsiderStories) - Tanjung Kelayang Special Economic Zone (SEZ) in Bangka Belitung provicne began flooded by investment worth US$1,06 million (Rp14 trillion) to build of ports, hotels and resorts, the senior official said. Coordinating Minister for Economic Affairs Darmin Nasution, Minister of Transportation Budi Karya Sumadi, Bangka Belitung Island Governor Erzaldi...
JAKARTA (TheInsiderStories) - Ministry of Finance revised the minimum balance that should be reported by the domestic taxpayers and can be requested by the Directorate General of Tax from Rp200 million to Rp1 billion, it said in a press release oN Wednesday. "Considering the data on bank accounts, tax data, including those...

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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...