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Jakarta
Sunday, April 22, 2018
JAKARTA (TheInsiderStories) - Indonesian central bank Governor Agus D.W Martowardojo will end his tenure this May, and President Joko Widodo (Jokowi) has made it known that he is on the lookout for a suitable candidate to succeed as Bank Indonesia (BI), the country's central bank. With three months to go...
JAKARTA (TheInsiderStories) - The Government of Indonesia expects 10 more industrial zones to offer a ‘direct construction incentive’ to investors who agree to build their facilities in these specified zones. Since 2015, the government has called on all industry players to concentrate their operations in industrial zones, with incentives provided...
JAKARTA (TheInsiderStories) - The emergence of a number of regulations in various sectors of economic activity over the last ten years requiring companies operating in Indonesia to store data in the country has encouraged the growth of the data center business and has boosted cloud computing technology. One analyst suggests...
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)— Indonesia, the world's fourth most populous nation, needs to boost investment in renewable sector, as the country is racing with higher energy demand, while fossil-based energy reserves continue to decline. However, investment in renewable sector in Southeast Asia's largest economy seems going no where, as investors question its...
JAKARTA (TheInsiderStories) – Over the past two months or so, the Energy and Mineral Resources Ministry has taken bold steps to revoke hundreds of regulations, permits, and recommendations, with an aim to lure more foreign investment in the country’s energy and mineral sector, including oil and gas. The energy ministry...
JAKARTA (TheInsiderStories) - There is no doubt that 2018 is quickly turning into a ‘political year’. As many as 171 regional elections – for provincial governors and regency heads – will be held throughout the year; the result of these could lay out a clearer landscape defining political mapping...
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) - Indonesia plans to keep electricity tariffs and fuel prices unchanged this year and the next by hiking subsidies, in a move aimed at maintaining the purchasing power of its citizens. Somehow, this decision is likely to hurt state-owned electricity firm PLN, which spearheads President Joko Widodo's 35,000-megawatt...
Singapore -- Moody's Investors Service says that Indonesia's (Baa3 positive) credit profile is supported by narrow fiscal deficits, low government debt, a large economy and healthy GDP growth prospects. But credit challenges include low revenue mobilization and a reliance on external funding, factors which expose the economy and government finances to fluctuations in...

Latest article

Indonesia Expects Lower Investment in Mining, Oil & Gas Sectors

JAKARTA (TheInsiderStories)—The government revised down its investment target from the mining, and oil and gas sectors by 25.7 per cent to US$37.2 billion this...

State Port Operator Pelindo III Increases Holding in Port Developer APBS

JAKARTA (TheInsiderStories)—State-owned port management company PT Pelabuhan Indonesia III (Pelindo III) increased its ownership in PT Alur Pelayaran Barat Surabaya (APBS), a joint venture with...

Indonesia Raises US$2B From Dual Currencies Bond Sale

JAKARTA (TheInsiderStories) - Indonesia has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement...

Indonesian Gov’t Appoints Nicke Widyawati as Pertamina’s Acting CEO

JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series...

Reynold Wijaya of Modalku: We Only Take the Crumble of the Pie Crust That...

JAKARTA (TheInsiderStories) - Founder and CEO of an Indonesia-based peer-to-peer lending fintech startup Modalku, Reynold Wijaya, expressed his optimism about the industry’s potentials. For him personally,...

Policy Review: More Breakthrough Needed to Improve Investment in Energy Sectors

JAKARTA (TheInsiderStories)—The government already revoked 186 conflicting regulations in the energy sector, but apparenyly it is not enough to improve investment climate in this sector. The...