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Jakarta
Friday, July 20, 2018
JAKARTA (TheInsiderStories) - Publicly listed property developer PT Lippo Karawaci Tbk (IDX: LPKR) has announced that a proposed joint acquisition of Lippo Plaza Jogya (LPJ) and Siloam Hospitals Yogyakarta (SHY) by Lippo Malls Indonesia Retail Trust (LMIRT) and First REIT, for a total combined value estimated at Rp 834.6 billion...
Singapore -- Moody's Investors Service has assigned a Ba3 rating to Chandra Asri Petrochemical Tbk (P.T.)'s (Ba3 stable) proposed $300 million senior unsecured notes. The proposed notes will be issued by Chandra Asri, the largest petrochemical producer in Indonesia (Baa3 positive), and guaranteed by its subsidiaries, PT Styrindo Mono Indonesia and PT Petrokima Butadiene Indonesia. Proceeds...
Investors Eyeing East Asia and Renewable Energy Singapore: Multi-billion dollar projects are fueling stronger private sector investment in infrastructure projects in developing countries, which increased by 24 percent from 2016 levels, reflecting US$36.7 billion across 132 projects, says a new World Bank Group report. However, although the growth of larger-sized projects is...
JAKARTA (TheInsiderStories) - Joko Widodo has marked his performance as President of Indonesia for the past three years. Many of strategic initiative objectives have been met while others are yet to improve. On the economic side, during the presidential campaign, Widodo promised the country would be growing at 7 per cent rate by...
JAKARTA (TheInsiderStories) - The economy is doing well and now the government has put in place all the necessary policies to achieve the growth trajectory that President Joko Widodo promised during the presidential campaign back in 2014. Coordinating Minister for the Economy Darmin Nasution said on Monday (17/10) that during the first two years...
Jakarta (TheInsiderStories) – State-owned mining company PT Bukit Asam Tbk (IDX:PTBA) through PT Huadian Bukit Asam Power, a joint venture company with China Huadian Hongkong Company Ltd, has signed a Power Purchase Agreement (PPA) with state-owned electricity company PT Perusahaan Listrik Negara on Thursday (19/10).  The steam-fueled mine mouth power...
JAKARTA (TheInsiderStories) - Among the next generation of family business leaders, three in four have big plans to take their business forward. However, generational challenges persist, largely in the areas of digital and innovation. PwC conducted in-depth conversations with 35 next gens from 21 countries and polled more than 100 additional next...
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...

Latest article

Outdated Power Sector Threatens Indonesia’s Industry 4.0 Aspirations

JAKARTA (TheInsiderStories)--The outdated technology utilised in Indonesia's electricity sector could dent the government's aspiration to kickstart the fourth industrial revolution, also known as Industry...

Yuan Depreciation Reduces Trade War Impacts for Chinese Exporters

JAKARTA (TheInsiderStories)--the significant depreciation of the Chinese yuan against the US dollar from around CNY 6.28 in mid-February to CNY 6.80 on 20 July...

AirAsia X Orders 66 Airbus A330neo for US$296.4M

JAKARTA (TheInsiderStories) - AirAsia’s long-haul affiliate, AirAsia X, has placed an order with Airbus for an additional 34 units of A330neo widebody aircraft, said the...

Policy Review: Electricity Subsidy Swells to US$4B, Hit PLN’s Finances

JAKARTA (TheInsiderStories) - Indonesia government projected the electricity subsidies will swell to Rp59.99 trillion (US$4.18 billion) from the initial budget that has been targeted in...

Morning Briefing: BI’s Policy Not Able to Moves the Market

JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) move to maintained BI 7-Day Reverse Repo Rate (BI-7DRR) at 5.25 percent does not provide fresh air to...

Bank Indonesia Keeps Policy Rate Unchanged

JAKARTA (TheInsiderStories)--Bank Indonesia decided to hold its benchmark seven-day reverse repo rate at 5.25 per cent on Thursday (19/07) to keep the Indonesian financial...