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Jakarta
Monday, July 16, 2018
JAKARTA (TheInsiderStories) – The Indonesian government is stymied by incomplete disbursement of funds for investment, a serious drawback in Southeast Asia’s largest economy. In fact, many investors still have to realize their commitment. From 2010 to 2017, almost US$26.2 billion of investment was either unrealized or failed to be disbursed, due...
JAKARTA (TheInsiderStories) — The Indonesian government is considering ways to offer novel fiscal incentives to investors, as those provided earlier appear to have failed to attract much interest on the part of investors and other business players, either for investing or expanding an existing business. Finance Minister Sri Mulyani Indrawati revealed...
JAKARTA (TheInsiderStories) - The emergence of a number of regulations in various sectors of economic activity over the last ten years requiring companies operating in Indonesia to store data in the country has encouraged the growth of the data center business and has boosted cloud computing technology. One analyst suggests...
JAKARTA (TheInsiderStories) - As a move to increase domestic usage of natural gas, the Downstream Oil & gas Regulatory Body, will tender out three gas pipelines in 2018, with a combined length of 1,667 kilometers. The development of the gas infrastructure is in line with the national gas development...
Current Slack in Global Economy Expected to Fade WASHINGTON — The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices. However, this is...
JAKARTA (TheInsiderStories) – The Indonesian appetite to shop online continues to strengthen, as revealed by a number of research results, indicating that e-commerce has a bright outlook for this year. However, more efforts are needed to maintain customer loyalty. According to the latest Temasek research, in 2017, Southeast Asian citizens...
JAKARTA (TheInsiderStories) – What is known as the ‘sharing economy’ began to gain popularity in Indonesia from 2013, marked by the entry of ride-sharing applications such as Uber, Grab and home-grown brand Go-Jek. Since then, the ride-sharing app business has grown exponentially, creating millions of jobs and (to a...
JAKARTA (TheInsiderStories) - State-owned rolling stock manufacturing company PT Industri Kereta Api (INKA) is set to build a new factory in Banyuwangi, East Java to produce high-speed train cars this year. Current market developments impel the company to strive for high technology, acting chief executive of PT Inka M. Nur Sodiq...
JAKARTA (TheInsiderStories) – Passenger traffic at Soekarno-Hatta International Airport, Indonesia’s busiest, looks to have exceeded its ideal capacity last year, after recording 63 million passengers in 2017, higher than the airport’s ideal capacity of 60 million. The operator of the airport, PT Angkasa Pura II, commenced the operation of Terminal...
JAKARTA (TheInsiderStories) - Indonesia state-owned utility company PT Perusahaan Listrik Negara (PLN) has put in motion a plan to issue a Global IDR Bond or Rupiah-denominated bond to be sold in foreign markets. Sofyan Basir, CEO of PLN, disclosed that the bond issue will amount to approximately US$1 billion to US$2...

Latest article

Thailand’s SCG Invest US$22M in Indonesia’s Mitra10 Operator

JAKARTA (TheInsiderStories) - Siam Cement Group (SCG), one of the leading business conglomerates in Southeast Asian become a strategic shareholder in Indonesia's PT Catur Sentosa Tbk...

Moody’s Assigns First-time B2 Rating to Sentul City

JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to PT Sentul City Tbk (IDX: BKSL). The outlook on the rating is...

Indonesia’s Sarana Menara Allocates US$104M to Buyback 5% Shares

JAKARTA (TheInsiderStories)--Publicly listed tower operator PT Sarana Menara Nusantara Tbk (IDX: TOWR) plans to allocate Rp1.5 trillion (US$104.158 million) to buyback its 5 per...

Indonesia’s Trade Minister to Visits U.S on Trade War Dispute

JAKARTA (TheInsiderStories) - Following the United States's (U.S) threatened on Indonesian export, Trade Minister Enggartiasto Lukita said to visit United States (U.S) on July 21-28,...

Indonesia Records US$1.74 Trade Surplus in June 2018

JAKARTA (TheInsiderStories)--Indonesia recorded US$1.74 billion trade surplus in June 2018, Statistics Indonesia reported on Monday (16/07). However, the country still booked US$1.02 billion in the...

Singapore’s Blackgold Involved Graft Scandal in Indonesia

JAKARTA (TheInsiderStories) - One of Singapore's coal producer Blackgold Natural Resources Limited's (SSX: 41H) shareholders have accused by Indonesia's anti-graft body on bribery initiative to...