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Jakarta
Tuesday, May 22, 2018
Jakarta (TheInsiderStories) - The Indonesian Government is going to launch new norm on online transportation, which aims to manage the mushrooming of online services like local ride-sharing Go-Jek, Malaysia's Grab and U.S's Uber. The new regulation is expected to be enforced starting Nov. 1. The norm will contain provisions governing vehicle...
JAKARTA (TheInsiderStories) - The Indonesian government has agreed to extend Inpex Corp's operational permits for developing Masela natural gas project in the country's east by up to 27 years, once it expires in 2028. The agreement was made after Indonesia Minister of Energy and Mineral Resources Ignasius Jonan met with Toshiaki Kitamura, CEO...
By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Ÿ   Japan’s trade surplus widened by 37.7% year on year (y/y) to JPY670.2 billion (USD5.2 billion) in September on a non-seasonally adjusted basis, while the surplus narrowed by 22.0% compared to August to JPY240.3 billion on a seasonally adjusted basis. Ÿ   The y/y...
by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: China’s Q3 2017 GDP growth rate was robust, growing at 6.8% year-on-year (y/y), indicating that growth momentum only eased marginally compared to the 6.9% growth rate recorded in Q1 and Q2. On a quarter-on-quarter (q/q) basis GDP growth momentum...
JAKARTA (TheInsiderStories) - Indonesia’s poor population, defined as those with consumption levels below 1.5 times the poverty line--Rp374,478 (US$27.74) expenditure per month--has slightly narrowed, to 10.6 per cent in March 2017, from 11.25 per cent in March 2014. The poverty headcount also fell from 28.28 million people to 27.8 million people over...
JAKARTA (TheInsiderStories) -  As the government looks to diversify the nation’s economy and reduce dependence on natural resources like coal and palm oil, increased tourism offers a logical and immediate solution. President Joko Widodo’s administration had laid out an ambitious plan for tourism, aiming to attract 20 million foreign tourists by...
JAKARTA (TheInsiderStories) - Low-cost flight carrier PT AirAsia Indonesia (AAI)will soon offer shares through a ‘back-door listing’ on the Indonesia Stock Exchange (IDX). The target of the backdoor listing is PT Rimau Multi Putra Pratama Tbk (CMPP), an Indonesian-based firm engaged in coal trading (and formerly known as PT Centris Multipersada...
JAKARTA (TheInsiderStories) - President Joko Widodo met with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, at Bogor Palace on Wednesday (18/10), as leaders of both Islam-majority nations agreed to increase trade and business cooperation. Widodo said that during bilateral meetings the two countries stressed the two areas that would...
JAKARTA (TheInsiderStories) - Despite encouraging signs of recovery in business, investment and trade in the short term, there is not sufficient momentum to sustain healthy growth of productivity, the latest The Organization for Economic Co-operation and Development (OECD) interim economic outlook report has concluded. OECD expects global economic growth to reach around...
JAKARTA (TheInsiderStories) - Nothing is permanent in Indonesian politics, as many observers can testify. It is dynamic and like a shocking funhouse or scary roller coaster: allies can suddenly switch sides and turn into rivals; enemies can align themselves when it is in their interest to do so as well. That is...

Latest article

Policy Review: Govt. Affirms Cap on Foreign Ownership in Insurers

JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a...

WIKA Realty Postpones IPO

JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to...

Indonesia Picks WIKA, PTPP, Japan’s Penta-Ocean to Develop Patimban Port

JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese...

Indonesia Central Bank Conducts Forex Swap Auction to Strengthen Rupiah

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will conduct three cross foreign exchange swap auctions this week, to maintain the availability of rupiah liquidity and...

Market Update: BI Needs Further Rate Hike to Stabilize Rupiah

JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest...

State Losses from Bank Mandiri Fraud Reaches US$129M

JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan...