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Jakarta
Monday, January 22, 2018
JAKARTA (TheInsiderStories) – Economies of scale are vitally important in the maritime transportation business; sharing of investment among port operators is becoming a norm. Investments are expected to upgrade operations and make them more efficient. The Ministry of State-Owned Enterprises (SOEs) has put in motion a plan to establish a parent...
JAKARTA (TheInsiderStories) – President Joko Widodo may appoint a new Minister for Social Affairs, replacing Khofifah Indar Parawangsa, who has reportedly tendered her resignation after deciding to run for East Java governor in this year’s regional election. Will this pave the way for the President to carry out a...
JAKARTA (TheInsiderStories) – The Indonesian central bank (BI), revealed its future policy directions for 2018, vowing to maintain sustainability and strengthen the momentum of domestic economic recovery. Since 2016, BI has cut its rate by 150 basis points (bps), an easing facilitated by lower inflation for two years in a...
JAKARTA (TheInsiderStories) - The global oil price has been picking up to above the government’s assumption set in the state budget, prompting speculation that the government would raise domestic retail fuel price. However, Minister for Energy and Mineral Resources Minister Ignasius Jonan announced on Wednesday that the government will not...
JAKARTA (TheInsiderStories) - The yield-to-maturity of Indonesian sovereign bonds continues to drift lower this year, following Standard & Poor's (S&P) award of an ‘investment grade’ rating and oversupply of sovereign bonds following last Wednesday’s (3/1) auction. Indonesia's government sold Rp25.5 trillion (US$1.89 billion) on Wednesday, higher than an indicated target...
JAKARTA (TheInsiderStories) - The Ministry of Industry plans to provide manufacturers — principal contributors to the national gross domestic product (GDP) — with three tax incentives to try to jump-start the Indonesian economy, which has suffered from slow growth in recent years. The government expects all sectors excluding the oil &...
  JAKARTA (TheInsiderStories) – The growth of the internet and other technology has stimulated the evolution of a sharing business model, most apparently in transportation and tourism sectors. The ‘sharing economy’, also known as a ‘collaborative economy’, has and will continue to drastically modify the business landscape going forward. Globally, the...
JAKARTA (TheInsiderStories) - Indonesia's financial technology players enjoyed a stronger business growth last year, thanks to a more supportive regulations and a better collaboration with financial industry players, a report from Indonesia FinTech Association (AFTECH) showed. The association recorded there are 235 financial technology companies operating in Indonesia last year....
JAKARTA (TheInsiderStories) – The Indonesian government is stymied by incomplete disbursement of funds for investment, a serious drawback in Southeast Asia’s largest economy. In fact, many investors still have to realize their commitment. From 2010 to 2017, almost US$26.2 billion of investment was either unrealized or failed to be disbursed, due...
Hong Kong - Fitch Ratings has upgraded Indonesia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'BBB', from 'BBB-'. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The upgrade of Indonesia's IDRs reflects the following key...

Latest article

Standard Chartered Jumps into Fintech

JAKARTA (TheInsiderStories) – Standard Charterd (StanChart) has set up a new unit aimed at investing innovation within the bank and investing in disruptive technologies, according to CEO...

JCI Breaks New Record at 6500

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 9.63 points (0.14 percent) to 6,500 after moving between 6,484-6,529 on Monday (22/1). The composite...

Lazada to Launch Payment System This Year

JAKARTA (TheInsiderStories) - Lazada Indonesia, a major e-commerce player in the country, plans to launch its own payment system this year, following the path...

Singapore’s 99.co Acquires UrbanIndo.com

JAKARTA (TheInsiderStories) - Singapore's startup company 99.co has completed the acquisition of UrbanIndo.com, one of Indonesia's largest property portal, for undisclosed value. Currently, UrbanIndo...

Indonesia’s FSA Cuts Margin Hedging Transactions by 10%

JAKARTA (TheInsiderStories) – The Financial Services Authority (FSA) plans to issue a regulation on currency hedging, the intention of which is to extend protection to investors...

President Wants Fast Completion of Lampung-Palembang Toll Road

JAKARTA (TheInsiderStories) - President Joko Widodo calls on the developers of the 140.9-kilometers of Bakauheni-Palembang toll road to be completed before the Asian Games...