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Jakarta
Thursday, November 15, 2018
JAKARTA (TheInsiderStories) - Fabelio.com, an Indonesian start-ups that produce home furnishings got fresh funds from local investors worth US $ 6.5 million. Based on the company's official release on Tuesday (22/05), Fabelio.com plans to expand outside of Java in the near future. Previously in 2016, the Jakarta-based online furniture shop has received $2...
JAKARTA (TheInsiderStories) - Global miner Rio Tinto Group (ASX: RIO) said the discussion of its divestment of 40 per cent interest in the giant Grasberg copper and gold mine in Papua is still on going. The mining giant said discussions about the sale - including the price - are underway with...
JAKARTA (TheInsiderStories)— Five Indonesian companies postponed their initial public offering (IPO) plans due to deteriorating market condition. The five companies include PT Wika Realty, PT Wahana Vinnyl Nusantara, dan PT Artajasa Pembayaran Elektronis and PT Harvest Time. Indonesia Stock Exchange Director Samsul Hidayat said the five companies postponed their IPO planning...
JAKARTA (TheInsiderStories)- Rising oil price will bring positive impact to the oil and gas investment and higher state revenue, but on the other hand, it could increase subsidy spending. International oil prices surged into the highest level since November 2014, driven by concerns over a shortage risk in Venezuela production...
JAKARTA (TheInsiderStories) - International credit rating agency Fitch Ratings said that the recent depreciation of the rupiah may add pressure to developers in Indonesia which have a large portion of loans denominated in US dollar and already face slowing property demand. The Rupiah is the second worst performing currency in...
JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80 per cent. Insurance companies that are currently subject to foreign ownership in excess of...
JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to market condition. Wika Realty has sent a letter to postpone the IPO, said Director of Corporate Assessment at IDX Samsul Hidayat on Tuesday (21/05). He added...
JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese firm Penta-Ocean Construction as the winner of Japanese funded Patimban Port Project located in Subang, West Java. The minister Budi Karya Sumadi named the winner on...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will conduct three cross foreign exchange swap auctions this week, to maintain the availability of rupiah liquidity and stabilizing interest rates on the financial market. It is been four days after BI raised its benchmark interest rate, but rupiah has not shown any signs...
JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets. The central...

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Japan’s Real GDP Drops to 1.2% in the 3Q

JAKARTA (TheInsiderStories) - Japan’s real GDP growth turned negative in the third quarter (3Q). A rebound of economic activity is likely in the fourth quarter but...

ASEAN Agreed on Single Negotiation for South China Sea

JAKARTA (TheInsiderStories) - Today, the 33rd ASEAN Summit has officially started in Singapore. ​During the Summit, the ASEAN Leaders are expected to take stock of ASEAN’s...

Oil Prices Fell Unstoppable, Touches its Three Years Lowest Level

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Morning Briefing: ASEAN Leaders Convene in Singapore

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Indonesia to Revises Negative Investment List

JAKARTA (TheInsiderStories) - Indonesian Government will revise the negative investment list to attract more investment come to the country. According to Minister of Industry Airlangga...

UOB Singapore, Grab Set Up Digital Services in ASEAN

JAKARTA (TheInsiderStories) - Singapore United Overseas Bank Ltd., (UOB) and Malaysian Grab have entered into a strategic alliance to accelerate the use of digital services...