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Wednesday, November 21, 2018
JAKARTA (TheInsiderStories) - Moladin, the first online platform to buy motorcycle in Indonesia, has raised a US$1,2 million funding from East Ventures, Berjaya Group and Ethos Partner, said the company today (12/07). The fresh fund will be used to help Moladin’s expansion and growth across the country. Since it’s official launch in November...
JAKARTA (TheInsiderStories) - Indonesia is ranked 85th in the Global Innovation Index (GII) 2018, or moving up 2 positions from the previous year, Cornell University, INSEAD and the World Intellectual Property Organization (WIPO) reported on Wednesday (11/07). Among the 30 lower-middle-income countries the country's ranked is 13th and ranked 14th among the...
JAKARTA (TheInsiderStories)--Chevron Pacific Indonesia decided to withdraw Makassar Strait block in the Indonesia Deepwater Development (IDD) project due to poor investment return. Upstream Oil and Gas Regulatory Special Task Force Chairman Amien Sunaryadi said on Wednesday (11/07)  the American company had completed a study to continue the contract in Makassar...
JAKARTA (TheInsiderStories)--The Indonesian government has officially signed the contract extension of four oil and gas blocks, with their scheme changes into the gross split from previously cost recovery-based. The government securing investment commitment of US$148,4 million in five years from the deal. The contracts are the oil and gas blocks...
JAKARTA (TheInsiderStories) - Indonesia's Toll Road Regulatory Agency offered six toll road projects with an investment value of Rp124 trillion (US$8.67 billion) to be auctioned gradually in the second half of this year. The projects have length 327 kilometres, said the agency on Tuesday (10/07). The agency' head Herry Trisaputra...
JAKARTA (TheInsiderStories)--The investors of Indonesia's property company PT Bakrieland Development (IDX: ELTY) met with people from the Financial Service Authority (FSA) on Monday (9/7) as an effort to reject the company's reverse stock plan. The subsidiary of Bakrie Group plans to conduct a 10-for-1 reverse stock to restructure Rp500 billion...
JAKARTA (TheInsiderStories) - Indonesia's coal miner, PT Bumi Resources Tbk (IDX: BUMI) announced has paid its Tranche A Principal and coupon with total amount US$114.6 Million Payment, said the company on Wednesday (10/07). That number is equivalent to about 19 percent of the value of tranche A $600 million. This payment is the...
JAKARTA (TheInsiderStories) - On 10 July, the Office of the United States Trade Representative (USTR) announced that President Donald Trump had ordered to begin the process of imposing tariffs of 10 percent on an additional US$200 billion of Chinese imports. The decision of the U.S Administration was in response to China’s decision...
JAKARTA (TheInsiderStories) - Good Morning. The Government of Indonesia announced will revise a number of bilateral trade agreements with partner countries to address trade wars between the United States (U.S) and China, said Finance Minister Sri Mulyani Indrawati onTuesday (10/07). She said, the evaluation also to gain maximum profit from trade agreements...
JAKARTA (TheInsiderStories)--Indonesian government decided not to revise the 2018 state budget although some assumption including rupiah currency against US Dollar and oil price are too far from the realization. Finance Minister Sri Mulyani on Monday (9/7) said the Indonesian government views the posture of the 2018 state budget are quite...

Latest article

Japan’s Sumitomo Invests US$1.8B in Indonesia’s EV Battery Project

JAKARTA (TheInsiderStories) - Japan's miner Sumitomo Metal Mining Co., Ltd., planned to invest US$1.8 billion on EV battery  businesses in Indonesia. The miner has conducted...

Morning Briefing: Indonesia Postponed Jakarta-Bandung HST, LRT Projects

JAKARTA (TheInsiderStories) — Good morning! Transportation Ministry postponed the development of two national strategic projects namely Jakarta-Bandung High Speed Train (HST) and Light Rail Transit...

French Michelin, South Korean Hankook Eyes Indonesian Tyre Maker Multistrada’s Shares

JAKARTA (TheInsiderStories) - A number of global tyre companies have shown their interest in acquiring Indonesia’s tyre maker, PT Multistrada Arah Sarana Tbk (IDX: MASA),...

Indonesian Gov’t Call Off to Revokes First Media Frequency License

JAKARTA (TheInsiderStories) - Indonesian internet provider, PT First Media Tbk (IDX: KBLV), PT Internux, dan PT Jasnita Telekomindo' 2,3 GHz frequencies revoke was delayed from plan....

Morning Briefing: Bank Indonesia Sees Lower Economic Growth

JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia lowering the 2019’s economic growth projection, in accordance with the 7-Day Reverse Repurchase (7-DRR) rate increase...

Indonesia, China Renew Bilateral Local Currency Swap Arrangement

JAKARTA (TheInsiderStories) — Bank Indonesia and People's Bank of China (PoBC) renew its cooperation over bilateral local currency swap arrangement and doubling the amount from...