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JAKARTA (TheInsiderStories) – Following the welcome S&P Global Rating upgrade of Indonesia’s status to ‘investment level’ in May, the Jakarta Composite Index (JCI) — the gauge of the Indonesia Stock Exchange (IDX) — broke several records, reading a peak of 6,133 on Monday, Dec. 18, 2017. The global forecast for...
TIS - Intelligence - Regulating a Ride-Hailing Business Constructively and Effectively
by Henry BL Toruan, PHD Ride-hailing’ (also known as ‘ride-sharing’) platforms connect drivers and vehicles with consumers who need transport, at an agreed price. Typically, a customer uses an app on her smartphone to request a ride at a particular time and from a specific place. The app on the...
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 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 - Cash remains an important traditional payment tool in Indonesia; cards will be used more frequently as the move to non-cash payments accelerates. Providers should increasingly promote card adoption and use merchant partnerships, reward programs, and other benefits to encourage card use, while educating Indonesian consumers about the...
JAKARTA (TheInsiderStories) - Steadily rising of global oil price is expected to stimulate State Budget revenues next year, according to Minister of Finance Sri Mulyani Indrawati. With a total revenue target of Rp1,894 trillion (US$132.5 billion), the government expects to achieve 10.1 per cent growth in oil and gas tax...
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...
Singapore -- Moody's Investors Service says that its Asian Liquidity Stress Index (Asian LSI) weakened in July, rising to 29.1% from 25.6% in June 2017. The Asian LSI measures the percentage of high-yield companies with SGL-4 scores as a proportion of high-yield corporate family ratings (CFRs) and decreases when speculative-grade liquidity improves. "The reading moved...
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) - 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...

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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...