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Energy Policy: Disruption Approach to Improve Friendly Investment Climate

JAKARTA (TheInsiderStories)- Dear sir/madame, Due to unconditional things, Insider Seminar Series with keynote speaker MEMR Ignasius Jonan on Monday, April, 16 2018 at Grha Bimasena will be postponed until further notice. We’re sorry for the...

Policy Review:  Unconventional Oil and Gas Development in Indonesia

JAKARTA (TheInsiderStories) - The U. S. success in producing natural gas from unconventional resources has disrupted the global supply structure. Technology advances in U.S. shale gas operations bring out economic competitive advantage compared to...
Car Manufacture

Policy Review: Debunking Local Content Requirement Policy

JAKARTA (TheInsiderStories) - The government of Indonesia is expected to set up a special team this month. The so-called team for increasing domestic production usage, or P3DN, will monitor fulfillment of local content requirements...

Sharing Economy: Educational Startups, Making Learning More Fun

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...

Indonesian E-commerce : Conglomerate vs Startup

JAKARTA (TheInsiderStories) - The coming e-commerce market in Indonesia has become a strong temptation for any business player. With more than US$5.3 billion in turnover envisioned, the online shopping market is projected to reach US$130 billion...

Indonesia-Freeport Reach Agreement, Ending Dispute over Grasberg

JAKARTA (TheInsiderStories) – Indonesia's Energy and Mineral Resources Minister Ignasius Jonan announced on Tuesday (8/29), the government has concluded a deal with U.S. giant miner Freeport-McMoRan Inc. (FCX) which will allow the company to...

Chinese JD.Com Invest US$100 Million in Go-Jek, Follows Tencent

JAKARTA (TheInsiderStories) - Chinese e-commerce provider JD.com Inc. (JD.O) , unit of investment company Tencent Holdings Ltd. has invested US$100 million in Indonesian ride-sharing app Go-Jek. Previously, Tencent had invested around $150 million in Go-Jek. The move...

Telkom Satellite Problem Interrupts ATMs – Points to Banking Vulnerability

JAKARTA (TheInsiderStories) – A recent telco-owned satellite glitch, which knocked out thousands of cash machines across Indonesia, highlighted the vulnerability of the nation's remote banking operation, over-dependent on just one telecommunications provider. On Monday (8/29),...

China and India De-escalate Border Tensions Ahead of BRICS Summit

By Rajiv Biswas, Asia-Pacific Chief Economist, IHS Markit  The decision by China and India to de-escalate border tensions in the Bhutan border area is a major positive for the future economic co-operation agenda of the...

More Active Listings at IDX This Year – SOEs Awaiting Big IPOs

JAKARTA (TheInsiderStories) – While the Indonesian capital market has seen more listing activity this year, the funds raised from initial public offerings remain small, as 'bigger' IPO deals are anticipated for the second half...

Local Pension Fund Still Cautious Investing in Infrastructure?

JAKARTA (TheInsiderStories) - Local pension funds tend to be conservative despite the Indonesia Financial Services Authority (FSA) continues to expand the investment instruments options in the infrastructure sector. Recently, FSA issued the regulation on infrastructure...

16th Policy Package ​to Continue​ Structural ​Reforms in Indonesia

JAKARTA (TheInsiderStories) – The Government of Indonesia is preparing its next economy policy package, with a focus on a task force for investment aimed at every regional government, Ministries as well as government institutions. The...

Philippines Economic Growth the Fastest among ASEAN Big Six

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...

Moody’s upgrades Gajah Tunggal to B2; outlook stable

Singapore, August 24, 2017 -- Moody's Investors Service has upgraded the corporate family rating (CFR) of Gajah Tunggal Tbk (P.T.) to B2 from Caa1 following the successful issuance of $250 million of senior secured notes due 2022...

Tiket.com Expects to Double Transactions After Acqui​sition

JAKARTA (TheInsiderStories) – Online travel agent tiket.com sets a target of nearly doubling its transaction volume this year, after having been acquired by GDP Venture, the venture capital arm of Djarum Group, the Chief...

Salim Group Buy​s Out Elevania From XL Axiata and SK Planet

JAKARTA (TheInsiderStories) - Indonesian conglomerate Salim Group is buying out the entire stake of a local e-commerce platform Elevania from its previous owners Indonesian mobile phone operator PT XL Axiata Tbk and Singapore e-commerce firm...

INTERVIEW: KPPIP Unveils Breakthrough to Expedite Priority Infrastructure Projects

JAKARTA (TheInsiderStories) – Indonesia's efforts to accelerate development of priority infrastructure projects started taking shape this year, as the Committee for the Acceleration of Priority Infrastructure Delivery (KPPIP), slowly but sure sought out and...

North Korea’s Pressure Point: The Economy

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...

Moody’s Says Restructured Loan Growth Raises Asset Quality Concerns in Indonesia, Thailand

JAKARTA (TheInsiderStories) – Restructured loans have grown substantially in Thailand and Indonesia in recent years, underscoring high latent asset risks in the two countries, international rating agency Moody’s Investors Service stated in an in-depth...

Moody’s: Japan Tobacco Inc. Ratings not immediately affected by acquisitions in Philippines and Indonesia

Moody's Japan K.K. says that Japan Tobacco Inc.'s (JT) Aa3 ratings and stable outlook are unaffected by its announced acquisitions of the assets of Mighty Corporation (MC) in the Philippines, as well as of...

Indonesia Consumer Optimism Remains High But Spending Slower

JAKARTA (TheInsiderStories) - Indonesia consumer confidence slightly stronger in the second quarter (2Q) of 2017 compared to the 4Q of 2016 despite the slower spending based on the latest Consumer Confidence Index released by...

Reactivate CEPA with Chile, Indonesia Eyeing Latin America Market

JAKARTA (TheInsiderStories) - The Indonesia Government reactivated the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA), as an effort to open up international trade opportunities amid the global economic recovery. Director General of International Trade Negotiations Ministry...

Bank Indonesia Cuts BI 7-Day Rate to Boost Economic Growth

JAKARTA (TheInsiderStories) - Indonesian Central Bank (BI) cut its BI-7 Days Reverse Repo Rate by 25 basis point (bps), from 4.75 percent to 4.5 percent after it leaves the anchor rate unchanged since last...

Indonesia Barter Sukhoi with Commodities to Drive Export in East Europe

Jakarta (TheInsiderStories) - Indonesian Government trade off 11 units of Russian's Sukhoi SU-35 with worth US$1.14 billion with Indonesian commodity exports. Both countries agreed to swap half of the value on the commodity export...

Indonesian Supreme Court Revokes part of Ride-sharing Rule

JAKARTA (TheInsiderStories) - Indonesia Supreme Court revoke part of ride-sharing app rule as it is contrary to the constitution, dismiss competition, and harm society. On April 2017, Transportation Ministry issued Ministerial Decree No. 26/2017...

US-South Korean talks to discuss renegotiation of the KORUS Free Trade Agreement

by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit  Key Data: The US and South Korea held a special session of the US-Korea FTA Joint Committee on toady (22 August) to discuss renegotiating the...

Indonesian Government Considers to Release One-Month Treasury Notes

JAKARTA (TheInsiderStories) - The Indonesian government is considers to release one-month state treasury notes in 2018 to meet the short-term liquidity needs. Previously the International Monetary Fund proposed Indonesia examine the short-term treasury notes as a solution...

PLN Signs US$30 Million Hedge Facilities With Three Major Banks

JAKARTA (TheInsiderStories) - Indonesia state-owned power producer PT Perusahaan Listrik Negara (PLN) signed hedging transactions amounted US$30 million with three banks to minimize any risks arising from the fluctuating exchange rate in the future,...

Freeport Indonesia’s Shares Divestment Unclear, Loss US$3 Million on Strike

JAKARTA (TheInsiderStories) - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan insist the divestment of PT Freeport Indonesia (FI) not final yet but the agreement is on the way. Previously, Minister of Energy and Mineral...

Garuda Indonesia Targets Become Integrated Airlines Services

Jakarta (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carriers is ready to become Garuda targets to be an integrated airline service in the next few years. Having been 70 years...