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Jakarta
Sunday, April 22, 2018
JAKARTA (TheInsiderStories) - China’s foreign exchange reserves hit an 11-month high at the end of September – rising for an eighth straight month – in a fresh sign of economic stability ahead of the Communist Party congress next week, South China Morning Post reported.  Forex reserves rose to US$3.1 trillion by...
Migration policies and institutions should better match countries’ evolving economic needs JAKARTA (TheInsiderStories) - Easing restrictions on labor migration can boost workers’ welfare and deepen regional economic integration, says a new World Bank report. Intra-regional migration in ASEAN increased significantly between 1995 and 2015, turning Malaysia, Singapore, and Thailand into regional migration hubs...
JAKARTA (TheInsiderStories) – The construction of the first track of the Jakarta-Surabaya semi-high speed train project commences next year, announced Minister of Transportation Budi Karya Sumadi on Sunday (8/10). The two-phase project is estimated to require an investment of Rp80 Trillion (US$5.97 billion). “The initial estimated cost for the construction of...
JAKARTA (TheInsiderStories) - The Government has promoted non-cash payment to Small, Medium Enterprises (SMEs) by setting up a synergy between Bank Indonesia (BI), the Financial Service Authority, Deposit Insurance Corporation, and the Ministry of State-Owned Enterprises, all facilitated by financial technology companies. Many non-cash payment products, including state-owned telecommunication operator PT Telekom...
JAKARTA (TheInsiderStories) - Indonesian oil and gas producer PT Medco Energi International Tbk (IDX: MEDC) announced that the company has acquired 77.68 percent of the shares in PT Saratoga Power, from PT Saratoga Investama Sedaya Tbk (IDX: SRTG) and other shareholders. The deal is said to be worth Rp1.63 trillion (US$120.6...
JAKARTA (TheInsiderStories) - Eastern Field Developments Ltd, a special-purpose vehicle of Procap Partners Limited, PT Saratoga Investama Sedaya Tbk (IDX:SRTG) and PT Merdeka Copper Gold Tbk (IDX:MDKA) has announced its intention to take over the Indonesian assets of Australian copper miner Finders Resources Ltd's (ASX: FND), for an estimated value of...
JAKARTA (TheInsiderStories) - The head of the International Monetary Fund (IMF) Christine Lagarde, said on Thursday (5/10) that "the long-awaited global recovery is taking root" and that three-quarters of the globe is enjoying an economic upswing in "the broadest-based acceleration since the start of the decade." In remarks prepared for delivery at...
JAKARTA (TheInsiderStories) - Indonesia President Joko Widodo inaugurate four mega projects during his visit in Banten province on Thursday (5/10). At that day, he launched the groundbreaking of the construction of three thermal power plants and the operation of one coal terminal with a total cost of US$6.2 billion. The...
JAKARTA (TheInsiderStories) - Financila technology (FinTech) startups in Indonesia have initiated a revolution in the way financial institutions, including banks, in the country are intended work. The presence of the FinTech company has given an opportunity to citizens who have so far never had access to a bank, including...
JAKARTA (TheInsiderStories) - Indonesia, with its combined market potential factor and infrastructure availability factor, such as adaptive regulatory and ease of online payments and delivery, will potentially become the most e-commerce-ready country in Southeast Asia. With an estimated 60 million internet users already online, digital economy activity is expected to reach...

Latest article

Indonesia Expects Lower Investment in Mining, Oil & Gas Sectors

JAKARTA (TheInsiderStories)—The government revised down its investment target from the mining, and oil and gas sectors by 25.7 per cent to US$37.2 billion this...

State Port Operator Pelindo III Increases Holding in Port Developer APBS

JAKARTA (TheInsiderStories)—State-owned port management company PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a joint venture with...

Indonesia Raises US$2B From Dual Currencies Bond Sale

JAKARTA (TheInsiderStories) - Indonesia has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement...

Indonesian Gov’t Appoints Nicke Widyawati as Pertamina’s Acting CEO

JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series...

Reynold Wijaya of Modalku: We Only Take the Crumble of the Pie Crust That...

JAKARTA (TheInsiderStories) - Founder and CEO of an Indonesia-based peer-to-peer lending fintech startup Modalku, Reynold Wijaya, expressed his optimism about the industry’s potentials. For him personally,...

Policy Review: More Breakthrough Needed to Improve Investment in Energy Sectors

JAKARTA (TheInsiderStories)—The government already revoked 186 conflicting regulations in the energy sector, but apparenyly it is not enough to improve investment climate in this sector. The...