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Friday, April 20, 2018
Commodity Exporters Gradually Recovering from Recent Low Prices WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and...
Indonesia has retained its top ten ranking in A.T. Kearney’s 2017 Global Retail Development Index (GRDI), released today. Indonesia was ranked 8th in this year’s Index, highlighting the country’s resilient retail sector amidst fierce competition from other emerging economies. The GRDI, now in its 16th edition, ranks the top 30...
JAKARTA (TheInsiderStories) -Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra and prepared to invest up to 10 billion euros (over than Rp100 trillion), said one official. Tanjung Api-api SEZ focus on three main industries rubber, oil palm and petrochemical. “They will develop oil refinery, storage tanks,...
JAKARTA (TheInsiderStories) - Indonesian government issued unguranteed samurai bonds JPY100 billion in May, 31 to finance the deficit 2017's budget, Finance Ministry announced. For the first time Indonesia issued samurai bonds in a public offering format since the enactment of Law Number 24 Year 2002 regarding Sovereign Debt Instruments. In addition, for the...
JAKARTA (TheInsiderStories) - The Indonesian government is pushing more private sector, including pension funds, to involve in the infrastructure sector, by investing in the government’s national strategic infrastructure projects. According to the Financial Services Authority (OJK) rule, pension funds can invest their money in real sector with a maximum of only 10...
JAKARTA (TheInsiderStories) -French multinational electric utility company ENGIE and developer of private micro networks Electric Vine Industries (EVI) collaborated on a US$240 million project to provide energy in Papua Island, said the company in a press statement. This partnership will provide energy to 3,000 villages over a 20-years period. ENGIE and EVI will...
JAKARTA (TheInsiderStories)- Indonesia recorded Consumer Price Index (CPI) of 0.39 percent month to month (mtm) in May 2017, driven by the rising of staple food prices ahead of the fasting month or Ramadhan. Data from Central Bureau of Statistics (BPS) show that all of expense component contributes for the inflation...
JAKARTA (TheInsiderStories) - Chairman of the Investment Coordinating Board Thomas Lembong expects up to $10 billion investment in Indonesia in the next two years after ratings agency Standard & Poor’s upgraded Indonesia’s credit rating. The rating agency upgraded Indonesia’s credit rating to investment grade (BBB-) with a stable outlook. Menawhile, Manado International...
JAKARTA (TheInsiderStories) - National oil company, PT Pertamina targeting this year's net profit to exceed US$3 billion by making $1 billion of efficiency and business expansion, said the company on Wednesday. Last year, the company's net profit reached $3.15 billion. In the first quarter (Q1) of 2017, net profit of the state-owned...
 JAKARTA (TheInsiderStories) – The Indonesian government has proposed US$28 billion worth of infrastructure projects during to China during the recent Belt & Road Forum (BRF), National Development Planning Minister and Head of National Development Planning Agency (Bappenas) Bambang PS Brodjonegoro said. The BRF held last week was also attended by...

Latest article

Australian Macmahon Commences Phase 2 of Batu Hijau Mines

JAKARTA (TheInsiderStories) - Australian mining services firm Macmahon Holdings Limited (ASX:MAH) has commenced Phase 2 of the Batu Hijau contact in Indonesia. Batu Hijau copper and...

Indonesian Lender to Raise US$500M from Global Bonds in Q3

JAKARTA (TheInsiderStories) - State-owned lender PT Bank Rakyat Indonesia TbK (IDX: BBRI) will issue US$500 million global bonds in third quarter this year, aims to...

Policy Review: The Bright Future FinTech Business in Indonesia

JAKARTA (TheInsiderStories)—The financial technology (FinTech) players are shaking up the banking sector in Indonesia to provide payment and lending facilities and collaboration between the...

Bank Indonesia Keep Rate Unchanged in April

JAKARTA (TheInsiderStories) - Indonesia’s central bank (BI) decided keep its benchmark interest rate in 4.25 percent on Thursday (19/4), leaving it unchanged since September last year. The...

Freeport Indonesia To Closes Open-pit Mine in 2019

JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) will close the operation of the open-pit gold mine in Grasberg, Papua--where the ore body occurs near the...

Italian’s Eni Get Approvals To Develop Merakes Field in Indonesia

(TheInsiderStories) – Italia's Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the...