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Jakarta
Saturday, August 18, 2018
JAKARTA (TheInsiderStories) - Good morning. After trying to join the Joko Widodo's coalition, finally Democrat Party decided to join the Prabowo Subianto coalition. The announcement was made after the Democratic Party chairman Susilo Bambang Yudhoyono met with Gerindra Party chairman Subianto last night (24/07). But Subianto's vice president candidates still unclear. He...
JAKARTA (TheInsiderStories) - Good morning. The battle for 2019's presidential election heats up ahead the registration to General Election Commissions. Last night, President Joko Widodo and his coalition party met in Bogor State Palace while his contender Prabowo Subianto joined with his coalition met the Alumni Brotherhood 212. The meeting...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo will announce his vice president (VP) candidate for 2019's general election two weeks ahead, said the leaders on Sunday (22/07). Based on General Election Commissions announcement, the president and VP candidates should submit the name at the latest August 10. Our sources close to the...
JAKARTA (TheInsiderStoris) - Good morning. G20 finance ministers (FM) and central bank (CB) governors warned that increasing trade tensions risk undermining the global economy. The communiqué comes out over the weekend at the meeting in Buenos Aires, Argentina over the week end. The ministers and governors said, amid growing tensions between the...
JAKARTA (TheInsiderStories) - Indonesia government projected the electricity subsidies will swell to Rp59.99 trillion (US$4.18 billion) from the initial budget that has been targeted in the 2018's State Budget, said one senior official on Thursday (20/07). Minister of Energy and Mineral Resources (MEMR) Igansius Jonan reported to the parliament, until June...
JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) move to maintained BI 7-Day Reverse Repo Rate (BI-7DRR) at 5.25 percent does not provide fresh air to the domestic financial market. Whereas, BI's governor Perry Warjiyo said, board of governor maintained the interest rate to keep the Indonesian financial market attractive. Yesterday, Rupiah is...
JAKARTA (TheInsiderStories) - Good morning. For the first time ever, the gross domestic products (GDP) of Indonesia reached Rp2,000 trillion (US$139.86 billion). Meanwhile Bank Indonesia will release their monetary stance today. Based on the official data, for a recent years the country's GDP move in the range of Rp1,700 trillion...
JAKARTA (TheInsiderStories) - The rising of global oil price has hit Indonesia's budget and could disrupt the economy if the government not taking the right policy to face it. Yesterday, Finance Minister Sri Mulyani Indrawati announced the country’s energy subsidy has soar to a four-year high amid the rising of...
JAKARTA (TheInsiderStories) - Good morning. Chairman of the Federal Reserve (the Fed) Jerome Powel to United States's (U.S) Congress bring optimism to the market. Meanwhile, Vice President Mike Pence in his remarks at the U.S's Department of Commerce on July 16, assured that the government will continue to protect...
JAKARTA (TheInsiderStories)--As Indonesia poverty rate reached a record low, the government wasted time to claim victory while oblivious about the issue of income inequality. Central Statistics Agency on Monday (16/07) reported Indonesia recorded 9.82 per cent of the poverty rate in March 2018, the lowest since the financial crisis hit the...

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...