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Jakarta
Saturday, September 22, 2018
JAKARTA (TheInsiderStories) - The U.S currency--which on Friday (20/4) was sharply higher against all world currencies including the Rupiah--broadly reinforced again on Monday (23/04). Yesterday, the Indonesian rupiah is approaching the Rp14,000 per U.S dollar, the currency's weakest position since mid-December 2015. On Monday, the local currency depreciated 0.59 percent to...
JAKARTA (TheInsiderStories)—Foreign investors competing to get Indonesian multi finance firm PT BFI finance Tbk (IDX: BFIN) shares, said sources close to the deal. The deals is estimated to be worth Rp3.8 trillion (US$275.36 million). Our sources said, U.S's private equity firm Warburg Pincus, Hong Kong-based Baring Private Equity Asia, Taiwan’s Cathay Financial...
JAKARTA (TheInsiderStories)—The World Bank Group’s shareholders approved an additional $13 billion paid-in capital increase, which is regarded as a "historic" increase in the bank's lending capacity, which can also strengthen the lender's ability to scale up resources and accelerate its poverty eradication missions. The World Bank noted that the capital...
JAKARTA (TheInsiderStories)—The automotive industry in Indonesia is experiencing rapid growth and contribute significantly to the national economy, said industry minister last week. The country targeting the car production will increase to 1.5 million units in 2020. Last year, Indonesia's cars rose up to 13-fold, from 6.2 million pieces in 2016 to...
Hong Kong -- Moody's Investors Service has affirmed the  Caa3 corporate family rating (CFR) of MNC Investama Tbk. (P.T.) (BHIT) and the Ca rating on the senior secured rating notes issued by its wholly-owned subsidiary, Ottawa Holdings Pte. Ltd. ("Ottawa"), and unconditionally and irrevocably guaranteed by BHIT. The outlook on...
JAKARTA (TheInsiderStories)—The government revised down its investment target from the mining, and oil and gas sectors by 25.7 per cent to US$37.2 billion this year amid weak investors appetite to participate. The initial target was $50.12 billion. The Deputy Minister of Energy and Mineral Resources Arcandra Tahar said unveiled that...
JAKARTA (TheInsiderStories)— Indonesia's state-owned port  operator PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a management of the cruise line provider in East Java. No further details on the values of the transaction. The joint venture company own by Pelindo III together with Netherland...
JAKARTA (TheInsiderStories) - Indonesia has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement on Friday (20/04). The Euro denominated 7-year tranche due April 24, 2025 was priced at a coupon of 1.750 percent--the lowest coupon in the Euro market...
JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series of problem including oil spill in Balikpapan, East Kalimantan. Previously in Feb. 2017, SOEs Minister Rini Soemarno change the management board of the company following plans...
JAKARTA (TheInsiderStories)—The government already revoked 186 conflicting regulations in the energy sector, but apparenyly it is not enough to improve investment climate in this sector. The Deputy Minister of Energy and Mineral Resources Arcandra Tahar said the revoked regulation include 56 troubling regulations and complicated licencing prosesses in the oil and...

Latest article

Insight: Rate Hike Expectation Rise on Misleading Reports on BI’s Meet Schedule 

JAKARTA (TheInsiderStories) - Last week, there were a slew of reports by local media that Bank Indonesia (BI) had pushed back the schedule for this month...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

38 Former Graft Convicts Determined by GEC as an Indonesia’s Legislative Candidates

JAKARTA (TheInsiderStories) - Indonesia General Election Commission determined 38 former graft convicts as definitive candidates for legislative member, said the agency on Thursday (21/09). All of...

Indonesian Govt Use Cigarette Excise Patches Health Insurance Deficit

JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

World Bank : Project Delays, Import Tax Policy Will Not Improves CAD

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...