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Tuesday, August 21, 2018
JAKARTA (TheInsiderStories) - Asian stock markets drop after Dow Jones posts second biggest points fall more than 1,000 points and entered correction territory. Japan's Nikkei 225 fell 2.51 percent, with losses seen in most sectors. Automakers, financials, manufacturers and technology stocks traded firmly in negative territory. The Nikkei 225 was in...
JAKARTA (TheInsiderStories) - The Japan Credit Rating Agency (JCRA) has upgraded Indonesia's rating by one notch, revising the outlook to ‘Stable’. The rating agency has also upgraded its country ceiling rating for Indonesia by one notch, to ‘BBB+’. JCRA was impressed by government efforts, as it presses ahead with structural...
JAKARTA (TheInsiderStories) - The Indonesian Rupiah hit its lowest point since October 27 on Thursday. It has dropped around 1.7 percent since the end of January amid a global equity sell-off. Earlier this Thursday, based on Jakarta Interbank Spot Dollar Rate (Jisdor) announced by BI, the Rupiah exchange rate was...
JAKARTA (TheInsiderStories) – Diversified state energy company PT Pertamina on Thursday (02/08) secured a syndicated loan worth US$600 million from eight international banks. PT Bank Mandiri Tbk (IDX: BMRI) and Japan’s Mitsubishi UFJ Financial Group (MUFG) acted as co-mandated lead arrangers. Bank Mandiri alone is to secure the lion’s share of...
JAKARTA (TheInsiderStories) - Indonesia`s foreign exchange reserves rose by US$1.7 billion to US$131.9 billion as of late January 2018 from US$130.2 billion a month earlier, according to Bank Indonesia. The increase resulted from tax and foreign exchange receipts from the government`s share of oil and gas exports, the withdrawal of...
JAKARTA (TheInsiderStories) - Indonesia posted impressive performance in investment last year after a number of efforts to repeal regulations and streamline business procedures, as suggested by the World Bank. Last year, Indonesia booked Rp692 trillion (approx US$46 billion) in investment, with 6.15 per cent growth increase from 4.47 per cent...
JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) has become the first Exchange in Southeast Asia to join Climate Bonds Initiative Partner Program. IDX is the sixth exchange to partner with Climate Bonds in a diverse grouping that includes London Stock Exchange, Luxembourg Green Exchange, Deutsche Börse, Bolsa Mexicana and Nasdaq...
JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) said the Indonesia economic outlook is positive with 5.6 per cent growth will rise gradually over the medium term, led by robust domestic demand according to Fund's assessment on Article IV Consultation Report for Indonesia 2017. Somehow, the board mentioned the risks to the...
JAKARTA (TheInsiderStories) - Asian indexes closed sharply lower and U.S. stock indexes declined on Tuesday following massive losses seen stateside in the last session. Jakarta Composite Index (JCI) dropped 111.132 points (1,69 per cent) to 6,448.53 after after moving in the red zone all day. Japan's Nikkei 225 closed down 4.73 percent,...
JAKARTA (TheInsiderStories) – The Ministry of Energy and Mineral Resources (MEMR), together with coal producers and state-owned electricity company PT Perusahaan Listrik Negara (PLN) is currently discussing ways to set the price of coal sold on the domestic market, under the so-called ‘Domestic Market Obligation’ (DMO). The discussion was triggered...

Latest article

Indonesia’s MoF Sell Retal ​​Government Bonds Through Online

JAKARTA (TheInsiderStories) - The Ministry of Finance (MoF) has officially opened the offering period of Savings Bond Retail series SBR004 through online system (e-SBN) on...

Indonesia’s FSA Launch OJK Infinity to Creates FinTech Ecosystem

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority  (FSA) inaugurated the operation of OJK Innovation Centre for Digital Financial Technology (OJK Infinity) which aims to build the FinTech ecosystem...

Dozens Killed on the Streets in Police Crackdown Ahead of Asian Games

JAKARTA (TheInsiderStories) - Indonesian police have shot dead more than 70 people in an escalating crackdown on what they have called ‘petty criminals’ in...

Azrul Tanjung: An Insight Into Ma’ruf Amin’s Economic Agenda

JAKARTA (TheInsiderStories) - As the chairman of Indonesia Ulema Council (MUI) Ma’ruf Amin spent his time and energy not only on the religious life on ordinary...

IPC Plans to Develop CBL Inland Waterways This Year

JAKARTA (TheInsiderStories) - PT Pelabuhan Indonesia (Pelindo) II also known IPC, an integrated port operator, plans to start Cikarang - Bekasi - Java Sea...

Moody’s affirms Modernland’s B2 ratings; outlook stable

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B2 corporate family rating of Modernland Realty Tbk (P.T.). The outlook on ratings is maintained at stable. Moody's...