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Jakarta
Saturday, August 18, 2018
JAKARTA (TheInsiderStories) - Indonesia’ current account deficit widen to 3 percent of gross domestic product (GDP) or US$8.0 billion in second quarter (Q2) of 2018 inline with rising domestic economic activities, Bank Indonesia (BI) reported on August 10. But, during January to June, the CAD was still within the safe threshold...
JAKARTA (TheInsiderStories) - Good morning. The declaration of two Presidential candidates and their pairs last week is expected to clear a lot uncertainties for market participants. The incumbent President Joko Widodo had announced he will pair with popular cleric Ma’ruf Amin. While his challenger is Prabowo Subianto, the founder of Gerindra Party,...
JAKARTA (TheInsiderStories) - Good morning. The government had taken bold steps to address Indonesia’s persistent current account deficit (CAD), which continues to underwhelm the economy and a source of weakness and volatility for the rupiah. Of all the four measures announced by Finance Minister Sri Mulyani Indrawati on Tuesday (14/08), the plan to...
JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) contributed to the government’s effort to contain Indonesia’s widening current account deficit (CAD) by delivering its fourth rate hike since May. BI raised the benchmark seven-day reverse repo rate by 25 bps to 5.50 percent in order “to maintain the attractiveness of domestic financial...
JAKARTA (TheInsiderStories) - Good Morning. Indonesia’s financial market may see volatility for a moment as panics over the ongoing financial crisis in Turkey spread to emerging markets assets. The Jakarta Composite Index fell 3.29 per cent to 5,877.52, making it as the worst performer in Asia Pacific. The rupiah dropped to 14,583...
JAKARTA (TheInsiderStories) - Good Morning. United States (U.S) President Donald Trump appeared to be frustrated that China has not caved in on its tough tariff policy. As we know, that the U.S Administration may slap 25 percent tariff on US$200 billion worth of Chinese imports to America, more than double the...
JAKARTA (TheInsiderStories)—Indonesia's digital economy, is still relatively young, despite it does not change the fact the country offers a huge prospects from this. Many studies argue that should the digital economy takes off in regional Southeast Asia, then the economy will be boosted significantly. According to the McKinsey, by speeding up the digital...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources (EMR) Ministry has revoked as many as 90 regulations as well as 96 certifications, recommendations and permits which are considered overlapping, irrelevant or contra-productive with the government’s efforts to boost investment in the energy sector. “In total, as many as 186 (regulations...
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...
JAKARTA (TheInsiderStories) – The Ministry of Trade is most likely to move ahead with its plan to require the use of Indonesian-flag vessels in the export of commodities such as coal and crude palm oil (CPO), as well as the import of basic commodities (in particular, rice and sugar)....

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...