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Jakarta
Monday, September 24, 2018
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...
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) – The heavy equipment industry has been hit hard in the past three years, driven by the fall of commodity prices, in particular that of coal, which led to a sharp fall in heavy equipment demand. As a result, a number mining contracting companies suffered losses and rising...
JAKARTA (TheInsiderStories) - The administration of President Joko Widodo (Jokowi) and Vice President Jusuf Kalla (JK) will end in early 2019. This means that their period of leadership will only be one and a half years away. This time will be shorter because by the end of 2018 the General...
By Harumi Taguchi, Principal Economist, IHS Markit  Key Points: ŸJapan’s private machinery orders excluding volatiles, rose by 5.6% month-on-month (m/m) in October following an 8.1% drop in the previous month. The improvement reflected a 7.4% rise in orders from the manufacturing sector following a 5.4% drop the previous month, and a...
JAKARTA (TheInsiderStories) - A growing number of small businesses say they are looking to interact with their insurers online, with 36 per cent saying they will buy online in the near term, and 48 per cent within five years, according to PwC latest survey. The findings are from a survey...
TIS Intelligence
JAKARTA (TheInsiderStories) - The global sukuk market will continue to rebound from a sharp drop in volumes in 2015, supported by a range of factors, including rising sovereign issuance, product innovation, increasing demand from retail banks and a narrowing of spreads over conventional bonds, Moody's Investors Service said in a report on Tuesday...
Singapore -- Moody's Investors Service has assigned a first-time Ba2 corporate family rating (CFR) to Wijaya Karya (Persero) Tbk. (P.T.) (WIKA). The rating outlook is stable. RATINGS RATIONALE As a government-related issuer (GRI), WIKA's rating reflects a combination of (1) its b1 baseline credit assessment (BCA), and (2) a two-notch uplift based on Moody's expectation...
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...
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...

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Insight: Rate Hike Expectation Rise on Misleading Reports on BI’s Meet Schedule 

JAKARTA (TheInsiderStories) - Last week, there were a slew of reports by local media that Bank Indonesia (BI) had pushed back the schedule for this month...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

38 Former Graft Convicts Determined by GEC as an Indonesia’s Legislative Candidates

JAKARTA (TheInsiderStories) - Indonesia General Election Commission determined 38 former graft convicts as definitive candidates for legislative member, said the agency on Thursday (21/09). All of...

Indonesian Govt Use Cigarette Excise Patches Health Insurance Deficit

JAKARTA (TheInsiderStories) - President Joko Widodo has signed Presidential Regulation Number 82 of Year 2015 about the use of cigarette excise from the regions to cover the...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

World Bank : Project Delays, Import Tax Policy Will Not Improves CAD

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...