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Jakarta
Monday, January 22, 2018
JAKARTA (TheInsiderStories) – What is known as the ‘sharing economy’ began to gain popularity in Indonesia from 2013, marked by the entry of ride-sharing applications such as Uber, Grab and home-grown brand Go-Jek. Since then, the ride-sharing app business has grown exponentially, creating millions of jobs and (to a...
JAKARTA (TheInsiderStories) - By 2025 end, the global palm sugar market is expected to reach a value of more than US$2.00 billion expanding at a CAGR of 3.4% over the forecast period (2017–2025), Persistence Market Research reported. In terms of volume, the global palm sugar market is expected to be pegged at 747,525...
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 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...
Indonesia remains the optimistic zone despite a slight decline of 6.9 points to 67.9 points compared to the first half of 2017 Jakarta - According to a recent study of Mastercard Consumer Confidence Index, the level of consumer confidence in the Asia Pacific region during the second half of 2017 increased...
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...
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...
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 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...

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...