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Saturday, October 20, 2018
JAKARTA (TheInsiderStories) - PT Telkom Indonesia Tbk (IDX: TLKM), through its subsidiary, PT Multimedia Nusantara (Metra Telkom) has officially acquired 51 per cent of PT Swadharma Sarana Informatika (SSI), a company supporting financial services. Director of Enterprise & Business Services Telkom Dian Rachmawan say, the acquisition is in line with the vision of Metra...
Singapore -- Moody's Investors Service says that funding for infrastructure projects in Asia will demonstrate increasing diversity. The rating agency reported growing funding diversity to bridge infrastructure funding gap recent precedent-setting capital markets transactions illustrate the evolution of infrastructure investment in Asia. These transactions were very well received by the market...
JAKARTA (TheInsiderStories) - Indonesia's Ministry of Finance offered some new fiscal incentives to both corporate and individual taxpayers to improve investment climate in the country. In a statement released on Monday (04/02), the ministry said the government is keen to improve the country's ranking in the World Bank's annual flagship...
JAKARTA (TheInsiderStories)— PT Indonesia Asahan Alumunium (Inalum) is considering to raise funds through issuing bonds, as one of the options to fund the company's plan to acquire 40 per cent participating interest of Australian miner Rio Tinto in in the Grasberg copper mine, a local media reported on Tuesday (03/04). Inalum and...
JAKARTA (TheInsiderStories) - The Government of Indonesia will offer blended financing scheme to lure investors in 10 major infrastructure projects in the country during the Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group in Washington DC on April 16-22,...
JAKARTA (TheInsiderStories) - PT Antam Tbk (ANTAM; IDX: ANTM; ASX: ATM) has received the renewal recommendation permit of mineral export for low grade nickel ore and bauxite oresaid the company on April 2. The state owned miner get permit to export nickel ore amounted to 2.7 million wet metric ton (wmt) and...
JAKARTA (TheInsiderStories) – Indonesia is making it mandatory for ride-hailing applications providing four-wheeled-vehicle rides to register as transport companies within two months, as the government is taking a firm stance to recognize their legal status before the law. Transportation Minister Budi Karya Sumadi told reporters on Monday (04/02) that the...
JAKARTA (TheInsiderStories) - Indonesia's inflation accelerated slightly in March from a month before, driven by an increase in raw food prices and transportation costs, the country's Central Statistics Agency reported on Monday (02/04). The headline consumer price index (CPI) in March increased 3.40 percent from a year ago. That compared...
JAKARTA (TheInsiderStories) - The Ministry of Finance (MoF) will issue new provisions on tax holidays for downstream investment, said one senior official last week. State-owned energy firm PT Pertamina will become the first taxpayer who receives the tax holiday. Head of Fiscal Policy Office of the MoF Suahasil Nazara said, Government will exempt 20...
JAKARTA (TheInsiderStories) - A series of ATM-skimming attacks in a number of cities across the country has forced Indonesian banks to allocate more budget to update their technology security amid slow progress in lending growth and stagnant profit. ATM skimming is a global threat and cash withdrawal machines in countries that...

Latest article

Indonesia’s Pertamina Plans to Buyback Bond up to US$2.25B

JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina announced that it has commenced tender offers to purchase for cash any and all of the outstanding 2021...

Moody’s assigns Baa2 to Pertamina’s MTN Drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured USD notes to be issued by Pertamina (Persero) (P.T.). The rating...

Indonesia Renegotiates Korean KFX Fighter Jet Contract to Reduce Rupiah Depreciation

JAKARTA (TheInsiderStories) - The depreciation of Rupiah exchange rate impacted weaponry system procurement, including Korea Fighter Xperiment or Indonesia Fighter Xperimen (KFX/IFX) fighter jet. Therefor, Indonesia...

Islamic Recitation Forum Influences More to Indonesian Voters: Polmark

JAKARTA (TheInsiderStories) - A non-formal Islamic recitation forum, also called majelis taklim in Indonesia, is considered having big influence to election voters, according to PolMark...

Indonesia’s Salim, Medco Invests US$530M into Singapore Hyplux

JAKARTA (TheInsiderStories) - Salim Group joined with Medco Group expand their businesses to Singapore. Its unit, Singapore based SM Investments Pte Ltd announced has signed a binding agreements to...

Indonesia Considers to Remove Luxury Homes Taxes to Drive Property Business

JAKARTA (TheInsiderStories) - Indonesian government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the...