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Sunday, January 20, 2019
JAKARTA (TheInsiderStories)--Indonesia's President Joko Widodo canceled a plan to revoke domestic market obligation (DMO) policy for coals, said one senior official on Tuesday (31/07). DMO is a mandate of Law No.4 of 2009 on Minerals and Coal. According to Minister of Energy and Mineral Resources (MEMR) Ignasius Jonan, this decision was taken in...
JAKARTA (TheInsiderStories)--Financial technology (FinTech) could help Indonesia's micro, small, and medium enterprises (micro-SMEs) and boost the financial inclusiveness. CEO of International Finance Corporation (IFC) Philippe Le Houérou said on Tuesday (31/07) in a press release that Indonesia’s micro-SMEs suffer difficulties in accessing credit. The finance gap for micro-SMEs was estimated at...
JAKARTA (TheInsiderStories) - South Jakarta Court ruled on Tuesday (31/07) to disband Indonesia largest Islamic State-linked organization Jamaah Anshorut Daulah (JAD) for terrorism-related activities. Beside the ban, the court also ordered the organization to pay Rp 5 million (US$349,650) in fines. Judge Aris Bawono Langgeng stated that JAD as represent by  Emir Zainal...
JAKARTA (TheInsiderStories)--PT Garuda Indonesia Tbk (IDX: GIAA) eyes US$500 million loans to pay off this year's maturing debts. Garuda Indonesia's Finance and Risk Management Director Helmi Imam Satriyono said on Monday (30/7) that the loans consists of US$300 million of syndication loan and US$200 million of a bilateral loan. He added...
JAKARTA (TheInsiderStories) - PT Pertamina, a state-owned energy producer planned to build 29 strategic projects with total costs Rp20 trillion (US$2.02 billion), said one official on Monday (30/07). Recently, the company announced lowered its projected capital spending by 20 percent due to worsening market condition. According to Pertamina's spokeman Adiatma...
JAKARTA (TheInsiderStories) - Monday was a busy day for the Demokrat Party. The chief patron Susilo Bambang Yudhoyono (SBY) met top leaders from the opposition coalition to propose negotiations as the Aug. 10 deadline for president and vice president candidates’ registration approaching. SBY kicked off the day with a closed-door meeting with...
JAKARTA (TheInsiderStories) - Good morning. The most important news that came up on Monday was the announcement by former President Susilo Bambang Yudhoyono, or SBY, that his Democratic Party will support Prabowo Subianto’s bid in  the presidential election next year. But as people says, the devil is in the detail....
JAKARTA (TheInsiderStories) - Indonesia’s Crude Palm Oil (CPO) and its derivative products export declined 2 percent in the first half of this year to 15.30 million tons, as demand dropped amid import tariffs, the Indonesian Palm Oil Producers Association (IPOPA) reported. According to the association, the downshift on the country’s CPO's...
JAKARTA (TheInsiderStories) - Indonesian government is serious to expand the use of 20 percent blended biodiesel (B20) to all diesel-engined vehicles in September, said one senior official last week. The use of B20 fuel is estimating would save around US$5.6 billion annually. The recent increase in oil prices have brought fresh push...
JAKARTA (TheInsiderStories) - Indonesian government’s consider to ease domestic market obligation policy for coal miners to boost export, said one senior official last week. Currently, the government imposes 25 percent quota of coal output for domestic consumption with a special price of US$70 per ton for electricity producer PT Perusahaan Listrik Negara (PLN). If...

Latest article

“Warung Pintar” Raises US$ 27.5M in Series B Funding

JAKARTA (TheInsiderStories) – Indonesia micro retail technology startup company Warung Pintar just announced that it had secured US$ 27,5 million in series B funding....

Malaysia’s Grab Create Digital Insurance Marketplace in SEA

JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060),...

Indonesia’s J Resources Private Placement May Stumble on Free Float Regulation

JAKARTA (TheInsiderStories) — Indonesian gold miner, PT J Resources Asia Pasifik Tbk (IDX: PSAB) will issue 2.64 billion new shares through private placement, said...

Industrial Bank of Korea Officially Owned Bank Agris

JAKARTA (TheInsiderStories) - Industrial Bank of Korea (IBK) officially owned 95.79 percent of Indonesian lender PT Bank Agris Tbk (IDX:AGRS). Followed the compeletion, IBK intends...

Insight: Expecting China’s Lower Borrowing Costs Impact on Indonesian Economy

JAKARTA (TheInsiderStories) — The bamboo curtain country is on its path to relieve the economic slowdown. China’ central bank took action by distributing RMB1.14...

The Global Economy: Rising Recession Risks

JAKARTA (TheInsiderStories) - The danger of a global economic downturn has risen, but the probability of a recession in 2019 is still low. After a brief...