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Indonesia’s Pertamina Plans to Buyback Bond up to US$2.25B

JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina announced that it has commenced tender offers to purchase for cash any and all of the outstanding 2021...

Moody’s assigns Baa2 to Pertamina’s MTN Drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured USD notes to be issued by Pertamina (Persero) (P.T.). The rating...

Indonesia Renegotiates Korean KFX Fighter Jet Contract to Reduce Rupiah Depreciation

JAKARTA (TheInsiderStories) - The depreciation of Rupiah exchange rate impacted weaponry system procurement, including Korea Fighter Xperiment or Indonesia Fighter Xperimen (KFX/IFX) fighter jet. Therefor, Indonesia...

Islamic Recitation Forum Influences More to Indonesian Voters: Polmark

JAKARTA (TheInsiderStories) - A non-formal Islamic recitation forum, also called majelis taklim in Indonesia, is considered having big influence to election voters, according to PolMark...

Indonesia’s Salim, Medco Invests US$530M into Singapore Hyplux

JAKARTA (TheInsiderStories) - Salim Group joined with Medco Group expand their businesses to Singapore. Its unit, Singapore based SM Investments Pte Ltd announced has signed a binding agreements to...

Indonesia Considers to Remove Luxury Homes Taxes to Drive Property Business

JAKARTA (TheInsiderStories) - Indonesian government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the...