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Jakarta
Tuesday, May 22, 2018
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...
JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The majority of Indonesians don’t have the financial freedom to purchase goods and services beyond bare necessities. Out of a population of 252 million people, 28.6 million...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources (EMR) Ministry has revoked as many as 90 regulations as well as 96 certifications, recommendations and permits which are considered overlapping, irrelevant or contra-productive with the government’s efforts to boost investment in the energy sector. “In total, as many as 186 (regulations...
JAKARTA (TheInsiderStories) - Indonesian government is eager to grab potential redirection of tourists from Singapore following the new regulation of Changi Airport Operator's regulation to raise passenger service charge by the 1st of July this year. According to the Transport Ministry and Civil Aviation Authority of Singapore, traveler flying out of Changi Airport...
JAKARTA (TheInsiderStories) - Total smartphone shipments in the emerging Southeast Asia (SEA) region recorded approximately 100 million units in 2017, declining by less than 1% Year-over-Year (YoY), International Data Corporation (IDC) reported. IDC categorizes Indonesia, Malaysia, Myanmar, Philippines, Thailand, and Vietnam as the emerging markets in SEA. Myanmar and Philippines were...

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Policy Review: Govt. Affirms Cap on Foreign Ownership in Insurers

JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a...

WIKA Realty Postpones IPO

JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to...

Indonesia Picks WIKA, PTPP, Japan’s Penta-Ocean to Develop Patimban Port

JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese...

Indonesia Central Bank Conducts Forex Swap Auction to Strengthen Rupiah

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will conduct three cross foreign exchange swap auctions this week, to maintain the availability of rupiah liquidity and...

Market Update: BI Needs Further Rate Hike to Stabilize Rupiah

JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest...

State Losses from Bank Mandiri Fraud Reaches US$129M

JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan...