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Jakarta
Saturday, April 21, 2018
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) - Low international oil prices over the past three years have greatly helped President Joko Widodo to maintain prudent fiscal management, enabling him to slash energy subsidy by one-third only one month after his inauguration in October 2014, and invest the annual savings of US$15 billion in infrastructure...
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) – President Joko Widodo on Thursday (15/3) held a gathering with the country’s top banking officials at the State Palace. The President called on the bankers to be more aggressive in providing loans as a move to help accelerate the country’s economic growth, which has been growing...
JAKARTA (TheInsiderStories) - Indonesia expects further inflows from foreign investors into its debt market after news that local currency bonds will be added to a global bond index in June 2018, strengthening the nation's confidence amid regional currency volatility. Indonesian rupiah-denominated bonds eligible for the widely used in Bloomberg's Global Aggregate...
JAKARTA (TheInsiderStories) - Boosting investment has been an economic priority for President Joko Widodo, particularly since sluggish consumption has capped annual economic growth at around 5 per cent for several years. Finance Minister Sri Mulyani Indrawati has said several regulations are being revised to provide more tax incentives to business...
JAKARTA (TheInsiderStories) – The Coordinating Minister for the Economic Affairs Darmin Nasution on Monday (12/3) held a limited cabinet meeting to discuss issues related to the efforts to boost direct investment in the country. The particular topic of discussion was fiscal incentives to be provided to particular industries. Providing fiscal...
JAKARTA (TheInsiderStories) - Minister for Communication and Information Technology Rudiantara projected that the country’s new unicorn, a US$1 billion valued startup company, will emerge from the education sector, no later than 2019. The statement was made in November 2017, after he visited the office of Ruangguru, an educational technology...
JAKARTA (TheInsiderStories) - Indonesian government's plan to raise energy subsidy in the State Budget will likely help maintain Indonesia's sovereign rating outlook from international rating agencies. Recently, President Joko Widodo's administration has revealed its plan to raise fuel subsidy as a consequence of keeping the subsidized fuel and electricity tariffs unchanged. The Finance...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo on Thursday (1/3) has officially issued a decree to rule 'Beneficial Ownership' to meet on Automatic Exchange of Information (AEoI) assessment this year. Beneficial owners are widely defined as a person who ultimately control a corporate entity, even though they are not necessarily recorded...

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...