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Jakarta
Monday, January 22, 2018
  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) – Moody's Investors Service has assigned a Ba2 rating to PT Wijaya Karya Tbk's (IDX:WIKA) proposed Indonesian rupiah-denominated, senior unsecured bond. The rating outlook is 'stable'. The Ba2 bond rating is in line with WIKA's Ba2 corporate family rating (CFR), because the bond constitutes WIKA's direct, unconditional, unsubordinated, and...
JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) says Brexit has the potential to reshape the structure of the United Kingdom (UK) economy. The impact will depend on the nature of the final agreement, and may take many years to fully materialize. However, the agency reported, in the coming years agriculture,...
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...
Singapore -- Moody's Investors Service has downgraded the corporate family rating of Matahari Putra Prima Tbk (P.T.) (MPPA) to B1 from Ba3. The rating outlook is stable. RATINGS RATIONALE MPPA's rating downgrade reflects continued weakness in the company's operating performance, impacted by sluggish sales, against the backdrop of weak industry demand and heightened competition. In light...
Singapore -- Moody's Investors Service ("Moody's") has assigned a definitive Baa3 rating to the senior unsecured US dollar-denominated bonds issued by the Government of Indonesia (Baa3 positive). The senior unsecured bond will rank pari passu with all of the government of Indonesia's current and future senior unsecured external debt. The proceeds of the bonds...
By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Japan’s current-account surplus narrowed by 5.6% year on year (y/y) to JPY1.3 trillion (USD12.1 billion) on a non-seasonally adjusted basis in November 2017. It also contracted by 30.4% month on month (m/m) to JPY1.7 trillion on a seasonally adjusted basis, following...
JAKARTA (TheInsiderStories) - Indonesia growth outlook is constrained by sluggish consumer spending, according to ICAEW. However, growth is still expected to pick-up modestly to 5.1% in 2017, due to the robust government spending and investment. ICAEW continues to forecast growth of 5.3% in 2018 for Indonesia, against a broad-based but mild...
Momentum to carry into Q1 2018 Hong Kong -- Moody's Investors Service says that the Asian high-yield bond market has shown record levels of rated issuance across all markets in 2017, with momentum set to carry into 1Q 2018. "A total of $34.5 billion was issued in 2017 -- up significantly from $11.4 billion...
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...

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...