25 C
Jakarta
Wednesday, August 22, 2018
JAKARTA (TheInsiderStories) - Muhamad Chatib Basri, a former Minister of Finance of Indonesia and Chairman of the Indonesian Investment Coordinating Board describe his view on East Asian economy situation. The Senior Lecturer at the Department of Economics of University of Indonesia sees a new trend in global economy. To know...
JAKARTA (TheInsiderStories) - The Indonesian government has just completed the largest tax amnesty program in the country’s history. The policy was intended to raise tax revenue to finance, among other things, the government’s spending spree of infrastructure programs.​ The question is, what is next after the tax amnesty program? Analysts...
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...

Latest article

Indonesia Releases B20 Regulation to Boost FX Revenues

JAKARTA (TheInsiderStories) - President Joko Widodo has signed the mandatory expansion of fuel with a mixture of 20 percent biodiesel (B20) to boost foreign exchange (FX) revenues....

Indonesia’s Adhi Karya to Construct Solo-Yogyakarta Toll Roads in 2019

JAKARTA (TheInsiderStories) - PT Adhi Karya Tbk (IDX: ADHI), a state-owned construction company, aims to start the construction of the Solo - Yogyakarta toll road...

Indonesia’s President to Issue Instruction on Lombok Earthquake Recovery

JAKARTA (TheInsiderStories) - Indonesian government will issue a presidential instruction on recovery and reconstruction of Lombok which was hit by a series of earthquake over the...

Indonesia Requires Boeing, Airbus Purchases with Biodiesel Export

JAKARTA (TheInsiderStories) - Followed Indonesian Trade Ministry visited to the United States (US) and Europe, the country has proposed to swap the purchase of Airbus...

Indonesian Gov’t Revises Coal Production to 585 MT in 2018

JAKARTA (TheInsiderStories) - There is a good news for coal miners as the Indonesian government has officially raised the production quota for 2018 by 100...

Indonesian Gov’t to Evaluates VAT Rate for Importers

JAKARTA (TheInsiderStories) - Indonesian government plans to evaluate the income tax rate (VAT) of imports, said one official on Monday (20/08). The planned was to control...