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Jakarta
Friday, January 19, 2018
JAKARTA (TheInsiderStories) - Indonesian government optimistic the economic growth in 2018 to be stronger driven by strong private investment and export performance, said senior official. The Indonesian government in 2018 is expected to grow in the range of 5.4 to 6.1 percent from this year target aroudn 5.2 percent. Meanwhile, Bank...
JAKARTA (TheInsiderStories) - The state-owned power producer PT Perusahaan Listrik Negara (PLN) issue bonds and Sukuk Ijarah with a target of Rp10 trillion (US$757.58 million) to meet the investment needs in development of Indonesia's electricity infrastructure. The company consisting of Rp 8 trillion for bonds and Rp2 trillion for sukuk ijarah. Both...
JAKARTA (TheInsiderStories) - Growth in developing East Asia and Pacific continued to be robust in the first half (H1) of 2017, in line with expectations. A continued modest pickup in growth in the region is offsetting the gradual slowdown in China. Regional financial markets stabilized after a period of volatility in...
JAKARTA (TheInsiderStories) - Indonesian Vice President Jusuf Kalla and Japanese Prime Minister Shinzo Abe discussed accelerating the development of medium-speed railway facilities on the Jakarta-Surabaya route during a bilateral meeting in Tokyo, Antara reported. Kalla said the discussion, focused on accelerating the implementation of the tender after a feasibility study is completed...
Commodity Exporters Gradually Recovering from Recent Low Prices WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and...
Indonesia has retained its top ten ranking in A.T. Kearney’s 2017 Global Retail Development Index (GRDI), released today. Indonesia was ranked 8th in this year’s Index, highlighting the country’s resilient retail sector amidst fierce competition from other emerging economies. The GRDI, now in its 16th edition, ranks the top 30...
JAKARTA (TheInsiderStories) -Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra and prepared to invest up to 10 billion euros (over than Rp100 trillion), said one official. Tanjung Api-api SEZ focus on three main industries rubber, oil palm and petrochemical. “They will develop oil refinery, storage tanks,...
JAKARTA (TheInsiderStories) - Indonesian government issued unguranteed samurai bonds JPY100 billion in May, 31 to finance the deficit 2017's budget, Finance Ministry announced. For the first time Indonesia issued samurai bonds in a public offering format since the enactment of Law Number 24 Year 2002 regarding Sovereign Debt Instruments. In addition, for the...
JAKARTA (TheInsiderStories) - The Indonesian government is pushing more private sector, including pension funds, to involve in the infrastructure sector, by investing in the government’s national strategic infrastructure projects. According to the Financial Services Authority (OJK) rule, pension funds can invest their money in real sector with a maximum of only 10...
JAKARTA (TheInsiderStories) -French multinational electric utility company ENGIE and developer of private micro networks Electric Vine Industries (EVI) collaborated on a US$240 million project to provide energy in Papua Island, said the company in a press statement. This partnership will provide energy to 3,000 villages over a 20-years period. ENGIE and EVI will...

Latest article

BI Keeps Key Rate Steady While Easing Reserve Requirement for Banks

Jakarta. Bank Indonesia, the country's central bank, maintained its key interest rate steady on Thursday (18/01) and pledged to speed up plans to ease...

Minister Urges ‘Unicorn’ Startup IPO in Local Stock Exchange

JAKARTA (TheInsiderStories) - Minister of Communications and Informatics Rudiantara expects the Indonesia Capital Market Authority, in this case the Financial Services Authority, to issue regulations...

China’s Economy Grew 6.9% in 2017

JAKARTA (TheInsiderStories) – China’s economy grew 6.9 per cent in 2017, the fastest since 2015 even as policymakers made headway towards curbing financial risk...

Govt Gets $27M per Year from Contracts Amendment

JAKARTA (TheInsiderStories) – The Indonesian government will be paid an additional US$27 million per annum following the signing of 19 contract amendments with mining...

Korea MBG to Construct $5.32B Nickel Smelter

JAKARTA (TheInsiderStories) – South Korean Made By Good (MBG) Group, operating through its Indonesian subsidiary PT MBG Nikel Indonesia, is in the process of...

Steel Production of Krakatau Posco Meets 10 MT Target

JAKARTA (TheInsiderStories) - PT Krakatau Posco, an integrated blast furnace steel mill owned by PT Krakatau Steel Tbk (IDX: KRAS) and South Korean steelmaker Posco Iron...