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Tuesday, October 23, 2018
JAKARTA (TheInsiderStories)--Bank Indonesia raise its key interest rate by 50 basis points (bps) to 5.25 per cent to stabilize rupiah, said Bank Indonesia governor Perry Warjiyo on Friday (29/06). The Indonesian Central Bank also raised its deposit facility rate by 50 basis points to 4.5 per cent, and its lending facility rate by...
JAKARTA (TheInsiderStories)--Moody's Investors Service said four Indonesia's companies namely PT MNC Investama Tbk (IDX: BHIT, B3 negative), PT Gajah Tunggal Tbk (IDX: GJTL, B2 stable), PT Lippo Karawaci Tbk (IDX: LPKR, B2 negative), and PT Alam Sutera Realty Tbk (IDX: ASRI, B2 stable) are most exposed to currency depreciation...
JAKARTA (TheInsiderStories)--Moody's Investors Service has affirmed the deposit ratings of nine Indonesian banks. The affected banks are: (1) Bank Rakyat Indonesia (P.T.) (BRI); (2) Bank Mandiri (P.T.); (3) Bank Central Asia Tbk (P.T.); (4) Bank Negara Indonesia TBK (P.T.) (BNI); (5) Bank Tabungan Negara (P.T.) (BTN); (6) PT Bank CIMB...
JAKARTA (TheInsiderStories) - Good Morning. Board of governor Bank Indonesia (BI) meeting become investors attention today. After cancelled its decision last week, today the board will announce the central bank's monetary decision today. Yesterday, Rupiah in the spot market touched its lowest level during this year at Rp14,394 against U.S dollar,...
JAKARTA (TheInsiderStories)--The results of simultaneous regional elections, particularly in West Java, Central Java and East Java, gave a massive lift to the President Joko Widodo's re-election bid in 2019. Though, gains made by Islamic party in the election should serve as a warning from Widodo's camp. Indonesia held simultaneous regional...
JAKARTA (TheInsiderStories)--Crude oil prices surged to the highest level since 2014 on Wednesday (26/06) after United States (U.S) crude stocks fell to the lowest level in nearly two years. West Texas Intermediate (WTI) crude for August delivery rose 3.2 per cent or US$2.23 and closed at US$72.76 per barrel (bbl) on...
JAKARTA (TheInsiderStories) - One of the largest cigarette maker in Indonesia, PT Gudang Garam Tbk (IDX: GGRM) prepared funds up to Rp10 trillion (US$709.22 million) to construct the Kediri Airport in East Java, said the company on Wednesday (27/06). The project is part of the country's National Strategic Project with the public private partnerships scheme. Last...
Singapore -- The strengthening U.S dollar since mid-April has led to sharp currency depreciation and significant declines in foreign exchange reserves in a number of emerging and frontier market countries, increasing credit risks for those with large external funding needs, Moody's Investors Service said in a report on Wednesday (27/06). The...
JAKARTA (TheInsiderStories) - Good Morning. Investors eyes now focused on the meeting of Unite States's (U.S) President Donald Trump and Russian President Vladimir Putin following Putin's closed-door meeting with U.S. National Security Advisor John Bolton at the Kremlin on Wednesday (27/06). After the meeting, Kremlin's staff Yuri Ushakov said, both leaders will meet...
JAKARTA (TheInsiderStories)--Indonesian government will launch a private investment fund (PIF) this week to manage the funds owned by state-owned companies (SOEs). The State-Owned Enterprises Ministry's deputy for financial, survey, and consultant services Gatot Trihargo on Wednesday (27/06) said there will be a cooperation agreement between PIF shareholders on Thursday (28/06)....

Latest article

Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

JAKARTA (TheInsiderStories) - Indonesia’s Central Bank (BI) kept its reference seven-day reverse repurchase rate (BI-7DRRR) at 5.75 percent to maintain economic stability, said Bank Indonesia senior deputy governor Mirza...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...