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Tuesday, July 24, 2018
JAKARTA (TheInsiderStories) - Indonesia's biggest consumer goods company Unilever Indonesia booked Rp 7 trillion (approx. US$ $515 million) in net profit over full-year 2017, up 9.6 percent year-on-year (y/y) from net profit in the preceding year. The company's net profit growth was supported by a 2.9 per cent (y/y) increase in...
JAKARTA (TheInsiderStories) -  U.S miner Freeport Mcmoran Inc. (NYSE: FCX) prepared capital expenditure US$2.1 Billion in this year to develop project in Indonesia and other countries. The company need up to $20 billion to develop Grasberg gold and copper mine in Papua province until 2031. Based on his presentation in one...
JAKARTA (TheInsiderStories) - Emerging markets have become a major force in driving development and fighting climate change as 34 countries have initiated banking reforms to expand sustainable lending, according to the first comprehensive Global Progress Report of the Sustainable Banking Network, an IFC-supported organization of banking regulators and associations. Those...
JAKARTA (TheInsiderStories) - Go-Jek, an Indonesian ride-hailing company has raised US$1.5 billion in venture capital funding from investors included Google and Blackrock. After the deals the value of Go-Jek at around $5 billion now. Earlier this month, PT Astra International Tbk (IDX: ASII), the Indonesian conglomerate has invest $150 million in...
JAKARTA (TheInsiderStories) - Flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) has vowed to return to profitability this year, on anticipated aviation industry improvement, after recording losses last year. “We hope for improved performance in 2018. In the first quarter, we may still have to report losses as we are still in a...
JAKARTA (TheInsiderStories) – The Government is drafting a regulation that will slash the luxury goods sales tax and import duty of electric car, as an attempt to stimulate the development in Indonesia. The move is also part of the Government’s drive to reduce emissions from vehicle sector. Industry Minister Airlangga Hartarto...
JAKARTA (TheInsiderStories)  - Moody's Investors Service has assigned a B3 corporate family rating (CFR) to Toba Bara Sejahtera Tbk (P.T.). At the same time, Moody's has assigned a B3 rating to the proposed senior secured bond issued by Toba Bara. The outlook on all ratings is stable. Toba Bara will use the net bond...

A Day Away Lagarde and Widodo

JAKARTA (TheInsiderStories) - President Joko Widodo (Jokowi) received the International Monetary Fund (IMF) Managing Director Christine Lagarde at the Merdeka Palace on Monday (26/2). Lagarde was accompanied by Changyong Rhee, Director of the Asia Pacific Department, IMF, Gerard Thomas Rice, Director of Communications Department, IMF, and Jianhai Lin, Secretary of the...
JAKARTA (TheInsiderStories) - President Joko Widodo has reportedly nominated a sole candidate to replace Agus D.W. Martowardojo as Governor of Bank Indonesia: current Deputy Governor Perry Warjiyo, who is also an alumnus of Gadjah Mada University, Yogyakarta circa 1980. Sofjan Wanandi, the Vice President’s Special Staff member close to this matter,...
JAKARTA (TheInsiderStories) - The Indonesian Democratic Party of Struggle (PDIP) has officially declared the incumbent President Joko Widodo as presidential candidate in the 2019 presidential election. The decision was made during the party's national working meeting in Bali on Friday (23/02). The news broke up in the afternoon by the...

Latest article

Indonesia, Malaysia Cooperate Against Palm Oil Negative Campaign

JAKARTA (TheInsiderStories)--Indonesia's Foreign Minister Retno Marsudi and Malaysia's Foreign Minister Saifuddin Abdullah agreed to cooperate to fight the negative campaign against the palm oil industry. Marsudi...

South Korean Kookmin Bought Bukopin’s Shares for US$108M

JAKARTA (TheInsiderStories) - South Korean bank, KB Kookmin Bank to buy 22 percent shares of Indonesian lender PT Bank Bukopin Tbk (IDX: BBKP) for...

China Targets Indonesian Steel in Anti-Dumping Probe

JAKARTA (TheInsiderStories)--Chinese's Ministry of Commerce on Monday launched the anti-dumping probe into stainless steel billet and hot-rolled stainless steel worth US$1.3 billion from European...

Politic Update: Is the Strongest Candidate VP’s Widodo Mahfud MD?

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo will announce his vice president (VP) candidate for 2019's general election two weeks ahead, said the leaders...

Bank Indonesia Issues BI Certificate to Boost Capital Inflow

JAKARTA (TheInsiderStories)--Indonesia's central bank issues 9-month and 12-month Bank Indonesia (BI) certificate on Monday (23/07) to boost capital inflow. Head of BI Monetary Management Department...

IMF Calls G20 to Addresses Global Trade Disputes

JAKARTA (TheInsiderStories) - International Monetary Fund Director Christine Lagarde encouraged policy makers to address trade disputes in a "cooperative spirit" to minimize dampening global growth. She...