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Jakarta
Wednesday, June 20, 2018
JAKARTA (TheInsiderStories) - The government of Indonesia is expected to set up a special team this month. The so-called team for increasing domestic production usage, or P3DN, will monitor fulfillment of local content requirements by industries and procurement for government projects. Industry Minister Airlangga Hartarto said the team would consist...
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) - President Joko Widodo's ambition to build infrastructure financed by public debt since taking over the administration three years ago has aroused an uneasy awareness among the public. Indonesian government debt reached Rp3,938.7 trillion (approx. US$294 billion) as of the end of 2017, up Rp423.3 trillion from its position...
JAKARTA (TheInsiderStories) – The long-drawn-out negotiations between the Indonesian government and U.S. miner Freeport McMoRan Inc. (NYSE: FCX) has resulted in absolutely no progress, although the deadline for conclusion of the negotiations has been extended several times. The principles agreed so far are in my opinion a bad deal, as...
JAKARTA (TheInsiderStories) – The Indonesian appetite to shop online continues to strengthen, as revealed by a number of research results, indicating that e-commerce has a bright outlook for this year. However, more efforts are needed to maintain customer loyalty. According to the latest Temasek research, in 2017, Southeast Asian citizens...
JAKARTA (TheInsiderStories)— President Joko Widodo launched Making Industry 4.0 roadmap as baseline the country's economic development during 2019 to 2030. So far the country lags behind regional peers in implementation of industry 4.0. Industry 4.0 is a name for the current trend of automation and data exchange in manufacturing technologies. It includes...
JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The majority of Indonesians don’t have the financial freedom to purchase goods and services beyond bare necessities. Out of a population of 252 million people, 28.6 million...
JAKARTA (TheInsiderStories) – The world is currently entering the Industry 4.0 era, in which is marked by the integration of artificial intelligence, internet of things, advanced robotic and virtual reality and 3D printing. Indonesia does not want to be left behind. This triggered the government to prepare a Roadmap for...
JAKARTA (TheInsiderStories) - In anticipation of lingering global uncertainty, the government will issue 100 per cent of its foreign currency bonds (or sovereign bonds) during the first half (H1) of 2018. The decision is also seen as a move to mitigate global market risk. This year, the government plans to sell...
JAKARTA (TheInsiderStories) - Indonesia's cosmetic industry remains attractive for foreign and domestic investors since many Indonesians are becoming increasingly aware of their well-being. Today, make-up is increasingly becoming part of women's lifestyles, supported with a strong female population now over 130 million in Indonesia. Currently, cosmetic products have become a primary requirement...

Latest article

Japan’s Chiyoda Wins Pre-FEED Contract of INPEX’s Masela Block

JAKARTA (TheInsiderStories) - Consortium Japan's Chiyoda Corp., and local firm PT Synergy Engineering announced has been won a front-end engineering design (Pre-FEED) contract by...

South Korean LS Cable, AG Group Constructs Electric Cable Plant in Indonesia

JAKARTA (TheInsiderStories) - South Korean company LS Cable & System and local conglomeration company Artha Graha Group (AG Group) through its unit PT Artha Metal Sinergi...

Election to Drive Indonesia’s Manufacturing Sectors

JAKARTA (TheInsiderStories)—Industry Minister Airlangga Hartarto on Tuesday (19/08) expressed confidence that the election will drive manufacturing activities that eventually boost economic growth in the third quarter...

Japan’s Tokio Marine Acquires Australian IAG’s Indonesia, Thailand Insurance Firm

JAKARTA (TheInsiderStories) - Japan's Tokio Marine Holdings, Inc. announced that it has entered into a definitive agreement to acquire Indonesia and Thailand insurance businesses of Insurance...

Japan’s Trade Balance Deficit in May

JAKARTA (TheInsiderStories) - Japan’s trade balance turned out a deficit of JPY578 billion (US$ 5.2 billion) in May on a non-seasonally adjusted basis, a...

Market Update: Asian Markets Continues Weakening

JAKARTA (TheInsiderStories) - Asian stock markets extended losses today dragged of a trade war rebounded and weakening of oil prices. In the local market Indonesian government...