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Jakarta
Thursday, June 21, 2018
JAKARTA (TheInsiderStories) - Indonesia Minister of Finance Sri Mulyani said that the ministry may soon lift ban on JPMorgan Chase & Co and reinstates the investment bank as an underwriter. The ban was imposed last year after the US investment bank wrote negative comments about the Indonesian stock market. "Any...
JAKARTA (TheInsiderStories) – Indonesia Investment Coordinating Board (BKPM) announced the realization of investment during January to September (9M) of 2017 worth of Rp513.2 trillion (US$38 billion). The value is 13.2 per cent higher compared to 9M of 2016 of Rp453.4 trillion or 75 per cent from this year target...
Hong Kong -- Moody's Investors Service says that the Asian high-yield bond market has shown a record level of issuance for January-September 2017, while refinancing risk is manageable and the default rate for all of the year will remain low. "A total of USD9.1 billion was issued in Q3, raising issuance through end-September to...
JAKARTA (TheInsiderStories) - Upstream oil and gas companies ponied up just US$5.57 billion on capital expenditures from January to September (9M), and seem unlikely to meet a stated full-year goal of $22.2 billion, according to data compiled by regulatorThe Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas). The hesitant...
JAKARTA (TheInsiderStories) - Indonesia's large banks have disclosed their financial results for the third quarter of the year. Several State-owned Enterprise (SOEs) banks recorded strong performance, driven by sustained momentum across each Group's banking, wealth management and insurance businesses in its key markets. The strong performance is driven by rising credit growth...
JAKARTA (TheInsiderStories) - The Indonesian Government issued new norm on online transportation, Ministry of Transportation’s decree number 108/2017 that revises number 26/2017, 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 effective starting Nov. 1. The norm classifies non-route public...
Oil prices to average $56 a barrel in 2018, up from 2017 average of $53/bbl WASHINGTON - Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil...
JAKARTA (TheInsiderStories) - ​Indonesia telecommunication service company PT Telekomunikasi Indonesia Tbk (IDX:TLKM) posted a 21.6 percent jump in net profit for the first nine months of this year, despite the spectacular and well-publicized lost satellite incident in August. Net profit came in at Rp17.92 trillion (US$1.32 billion) for the January-September period, compared with...
JAKARTA (TheInsiderStories) - As President Joko Widodo looks to take the country's economy to the next level, there two underlying global trends that the South East Asia's largest economy can tap into. First is the connectivity-based development policy, or in this case the China-backed belt and road initiative. Belt & Road Initiative,...
JAKARTA (TheInsiderStories) - Sustaining the momentum of economic growth is the theme of the 2018 state budget, according to Finance Minister Sri Mulyani Indrawati, even as household consumption, which accounted for more than half of Indonesia's Gross Domestic Product (GDP), is losing its steam. The parliament approved the 2018 state budget on...

Latest article

Energy Policy : OPEC Meeting May End Without Agreement

JAKARTA (TheInsiderStories) - The meeting of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Switzerland may closed without an agreement amidst the divide opinion...

Monetary Policy: BI Rate Will Rises Again Due to Global Pressures

JAKARTA (TheInsiderStories)— Bank Indonesia (BI) has surprised markets by holding an unscheduled meeting on May 30 and deciding to hike interest rates by 25 basis...

Rabobank: Bye Bye Palm Biodiesel?

JAKARTA (TheInsiderStories) - A potential ban on palm oil in European Union (EU) biodiesel would mean Indonesia and Malaysia need to find alternative crude...

EU Extends Palm Oil Ban from 2021 to 2030

JAKARTA (TheInsiderStories) - European Union (EU) softened its stance on the use of palm oil among its member countries starting 2030 from earlier proposed...

Policy Review: The Economic Impact of the U.S, North Korea Summit

JAKARTA (TheInsiderStories) - A week after Singapore Summit, North Korean leader Kim Jong Un meet Xi Jinping, Chinese president met in Beijing on June 19. The...

Market Update: U.S, China Trade War Still Rocked Global Market

JAKARTA (TheInsiderStories) - The escalation of trade war between the United States (U.S) and China rocked global stock markets. Yesterday, three major indices on...