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JAKARTA (TheInsiderStories) – Indonesian business prospect in the second semester (2H) of 2017 more promising forced by the government's massive national development program . In the 1H of the year, profitability of publicly listed company rose 38.3 percent compared to same period in 2016. Net profit of listed companies on...
JAKARTA (TheInsiderStories) - President Joko Widodo has targeted 5.4 percent of economic growth for 2018, supported by infrastructure development and consumer activity. Widodo's infrastructure development plan will require some Rp 5,500 Trillion (US$450 billion) in investment between 2015 and 2019 – the term of his presidency – the funds to derive from...
by Hugo Erken and Bjorn Giesbergen from Rabobank Without China’s economic lifeline, the North Korean economy would go off a cliff Although China has been scaling down on imports from North Korea, which suggest China respects the sanctions imposed by the UN Security Council, China so far has continued...
JAKARTA (TheInsiderStories) - Indonesian government aims to establish the Indonesia Infrastructure Financing Agency, also known as the ‘infrastructure bank’ as soon as 2018, to act as a bridge over the gap between the needs of infrastructure project funding and available longer-term financing. Isa Rachmatarwata, Director General of State Assets Management...
JAKARTA (TheInsiderStories) - The Philippines' economic growth in the second quarter of this year was the fastest among the six biggest members of the Association of Southeast Asian Nation (ASEAN), representing more than 95 percent of gross domestic product (GDP) in the regional bloc. Meanwhile, Indonesia remains the largest economy...
JAKARTA (TheInsiderStories) - The Indonesian Government is urging financial markets to support the acceleration of infrastructure development, to make up for insufficient state funds. x In August, Indonesia's Financial Services Authority (FSA) has issued an effective statement for three capital market instruments in infrastructure financing. According to Chief Executive of Indonesia's FSA, Hoesen,...
JAKARTA (TheInsiderStories) - Chinese Development Bank (CDB) is today known as one of the largest financial institutions in the world, as reflected in its rank as 57th in the The Fortune Global 500 company list. Founded in 1994, CDB has surpassed the World Bank as the biggest lender, with...
JAKARTA (TheInsiderStories) - The European Central Bank (ECB) has decided to keep its interest rate unchanged while reiterating there is a possibility it will begin tightening its monetary policy. While U.S Federal Reserves (The Fed) remain unclear on its next monetary policy. "Thus, monetary tightening in Europe will inevitably impact...
JAKARTA (TheInsiderStories) – Indonesian President Joko Widodo has finally certified the long-awaited ‘e-commerce roadmap’ first drafted in 2016. The main objective of this guidance is to boost e-commerce sector growth, with a long-term goal of stimulating the overall digital economy of the nation. However, it appears that some homework remains...
JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati officially Installed Robert Pakpahan as the new Director of General Taxes on Thursday (30/11), replacing Ken Dwijugiasteadi, who will retire in early December. Pakpahan was directly appointed by President Joko Widodo, after Sri Mulyani proposed three alternative candidates for post: Pakpahan, Suryo Utomo (Expert Staff...

Latest article

Indonesia, Malaysia Cooperate Against Palm Oil Negative Campaign

JAKARTA (TheInsiderStories)--Indonesia's Foreign Minister Retno Marsudi and Malaysia's Foreign Minister Saifuddin Abdullah agreed to cooperate to fight the negative campaign against the palm oil industry. Marsudi...

South Korean Kookmin Bought Bukopin’s Shares for US$108M

JAKARTA (TheInsiderStories) - South Korean bank, KB Kookmin Bank to buy 22 percent shares of Indonesian lender PT Bank Bukopin Tbk (IDX: BBKP) for...

China Targets Indonesian Steel in Anti-Dumping Probe

JAKARTA (TheInsiderStories)--Chinese's Ministry of Commerce on Monday launched the anti-dumping probe into stainless steel billet and hot-rolled stainless steel worth US$1.3 billion from European...

Politic Update: Is the Strongest Candidate VP’s Widodo Mahfud MD?

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo will announce his vice president (VP) candidate for 2019's general election two weeks ahead, said the leaders...

Bank Indonesia Issues BI Certificate to Boost Capital Inflow

JAKARTA (TheInsiderStories)--Indonesia's central bank issues 9-month and 12-month Bank Indonesia (BI) certificate on Monday (23/07) to boost capital inflow. Head of BI Monetary Management Department...

IMF Calls G20 to Addresses Global Trade Disputes

JAKARTA (TheInsiderStories) - International Monetary Fund Director Christine Lagarde encouraged policy makers to address trade disputes in a "cooperative spirit" to minimize dampening global growth. She...