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Sunday, January 20, 2019
JAKARTA (TheInsiderStories) - PT Korea Investment & Securities (KIS) Indonesia, the principal subsidiary of Korea Investment and Securities Co., Ltd. (KIS) also Korea Investment Holdings (KIH) officially announced its launch and readiness to serve the Indonesian market. Ryu Sang-Ho, President and CEO of KIS in a press statement released on...
JAKARTA (TheInsiderStories) - A wave of optimism for global economic resilience emerged despite an escalation of United States (U.S) - China trade war and divisions in the British Government on Brexit. This convinced investors who have not witnessed a real slowdown cause of the global trade barriers and give a positive influence...
JAKARTA (TheInsiderStories)--The gas pipelines owned by the Chinese state-owned oil and gas company, China National Offshore Oil Corporation (CNOOC), leaked in the sea near Bojonegara, Banten, Indonesia. The leakage of undersea gas pipeline occurred at 10.00 am this morning (9/7). "There is a leakage of subsea gas pipeline 20 'OD...
JAKARTA (TheInsiderStories)—The Indonesian government’s rush to launch an online single submission (OSS) system pours more uncertainty into the country's investment climate. Indonesian government finally launched OSS, an integrated web-based business permit application, today (09/07), a delay from the initial schedule of April 2018. The government ensured the OSS system will make...
JAKARTA (TheInsiderStories)--The trade wars imposed by the United States could cut Asia-Pacific GDP growth by as much as 1 percentage point in 2019, said Asia Pacific Chief Economist at IHS Markit Rajiv Biswas in a press release, Monday (9/7). A series of decisions by the US to impose trade tariffs on various...
JAKARTA (TheInsiderStories)—Indonesia’s Ministry of Energy and Mineral Resources (MEMR) the coal reference price at US$104.65 per ton for July 2018. MEMR has stipulated the Decree of the Minister of Energy and Mineral Resources No. 1892K/30/MEM/2018 on the Reference Price of Metals Minerals and Coal for July 2018. The decree sets...
JAKARTA (TheInsiderStories) - Indonesia's power producer PT Perusahaan Listrik Negara (PLN) appealed to the government gas prices for Domestic Market Obligation (DMO) can be restricted at US$6.5 per million british thermal unit (MBTU) for Java and $ 7/MBTU for outside Java in an effort to reduce electricity prices. Strategic Procurement...
JAKARTA (TheInsiderStories) - Good Morning. Last week, Indonesia’s central bank (BI) reported foreign exchange (FX) reserves fell to US$119.8 billion as end of June compared to previous month $122.9 billion. Meanwhile, to simplify investment permit in the country, today the government launch Online Single Submission (OSS). BI said on June 6, the FX...
JAKARTA (TheInsiderStories)—Indonesia's oil and gas did not reach investment and production target in the first half of this year. According to the Upstream Oil and Gas Regulatory Special Task Force data, the realized investment in the upstream oil and gas in the first half of this year reached US$3.9 billion,...
JAKARTA (TheInsiderStories)--Indonesia-based peer-to-peer lending (P2P) financial technology (FinTech) startup Akseleran targets loan disbursement of Rp200 billion (US$13 million) this year. Co-Founder & Chief Executive Officer Akseleran Ivan Nikolas Tambunan on Thursday (5/7) said the company disbursed more than Rp67 billion (US$4.6 million) loans since its launch in October last year. The loans purpose...

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...