Thursday, June 20, 2019
Home Authors Posts by theinsider

theinsider

205 POSTS 0 COMMENTS

Fitch: Indonesia Regulation to Benefit Bond Issuers in Long Term

JAKARTA (TheInsiderStories) - Fitch Ratings believes that the Indonesian authorities' recent initiatives to cut borrowing costs and support economic growth will not have immediate benefits for Indonesian non-financial corporate bond issuers although the moves...

Govt Proposes $30b Infrastructure Spending in 2018. For What?

JAKARTA (TheInsiderStories) - The Indonesian Government proposed Rp409 trillion or $30.3 billion for infrastructure spending next year to the legislative. Why should the government allocate such huge spending? In the 2018 State Budget draft, the...
Medco Energi Issued Bonds of US$650M to Finance Ophir’s Acquisition and Pay Debt

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has also assigned a definitive B2 rating to the U$400 million...

Alibaba Invests $1.1b to lead Tokopedia Become Unicorn After Go-Jek

JAKARTA (TheInsiderStories) - China's e-commerce player, Alibaba Group Holding Ltd. continues to expand its business in Southeast Asia region with poured $1.1 billion investment to PT Tokopedia, one of largest marketplace operator in Indonesia....

Indonesia State Budget Realistically Leads To Conservatives

JAKARTA (TheInsiderStories) - The The Indonesian government is optimistic that economic growth in 2018 could be in the range of 5.4 percent, said President Joko Widodo in his speech at the parliament on Wednesday...

Pertamina Net Income Shrunks to US$1.4 billion Amid Stagnant Oil Price

JAKARTA (TheInsiderStories) - The largest energy provider in Indonesia, PT Pertamina's profit shrunk 24 percent to US$ 1.4 billion in the first half (1H) of 2017 amid the low oil price. Based on the financial...

Indonesian President: Government Focus on The Equatable Economic Equity in 2018

JAKARTA (TheInsiderStories) - President of Indonesia Joko Widodo asserted in the third year of his administration will focus on the equitable economic equity. He said, government want the society to be marginalized to taste the...

Indonesia Trade Balance Turn to Deficit US$270m in July

JAKARTA (TheInsiderStories) - Indonesia’s trade balance turn to the deficit of US$270 million for the first time since December 2015 record surplus in July 2017, the Central Bureau of Statistics reported. In July 2016, Indonesia’s trade...

Indonesia: playing catch-up by DBS

by Gundy Cahyadi, Economist from DBS Group Research A stronger and sustainable GDP growth will help the case for further rating upgrades That higher investment-to-GDP ratio has yet to translate to stronger GDP growth suggests...

Philippines AG&P, Indonesian Energy Firm Build Power Plant in Bantaeng

JAKARTA (TheInsiderStories) - Philippines-based, Atlantic, Gulf and Pacific Company (AG&P) partnering with Indonesian energy firm, PT Energi Nusantara Merah Putih (ENMP) plans to develop a 600 megawatts (MW) combined-cycle power plant in Bantaeng Industrial Estate (BIP),...

Business Prospect More Promising in Second Half

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...

Japan’s Economic Growth Beyond Expectation, Lead Asia Pasific Market Favors

JAKARTA (TheInsiderStories) - Japan’s economic growth in the second quarter (Q2) of 2017 expanded 4 percent on the quarter on quarter (q/q) basis compared to last year, IHS Markit said. The unexpectedly strong growth...

Moody’s: Asian high-yield corporates to record low default rate at end-2017

Hong Kong -- Moody's Investors Service says that the default rate for Asian high-yield non-financial corporates will remain low, registering 2.9% at end-2017. "The low projected default rate reflects broad-based global growth, the recovery of commodity prices, and...

MedcoEnergi Issues Global Bonds of US$300 Million

JAKARTA (TheInsiderStories) – Oil and gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC) has issued bond of US$300 million with final coupon of 8.5 percent per annum, said the company in official statement. Hilmi...

Morgan Stanley expects Indonesia’s GDP Recovery in 2H

JAKARTA (TheInsiderStories) - Indonesia's gross domestic product (GDP) will recover in the second half of 2017, driven by global trade, a pickup in fiscal spending, and a more efficient government expenditure mix, Morgan Stanley...

Consumer Payments Country Snapshot: Indonesia 2016

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,...
Moody's: US-China Battles Still Hits Asian Export Weakness

Moody’s: Asian Liquidity Stress Index weakens to 29.1% in July from 25.6% in June

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...

Three Smelting Firms Cease Operation

JAKARTA (TheInsiderStories) - Three smelting companies halt their operating following the dropped of nickel price since the beginning year. The firms namely PT Indoferro, PT Bintang Timur Steel located in Cilegon, West Java and PT...

Astra, Jasa Marga eyes Waskita’s Toll Road Projects

JAKARTA (TheInsiderStories) - Publicly listed conglomerate company PT Astra International Tbk (IDX: ASII) and state-owned toll provider PT Jasa Marga Tbk (IDX: JSMR) has expressed their interest to acquiring a portion of shares in...

Escalating tensions with North drive widening South Korean credit spreads in July

Rajiv Biswas, Asia Pacific Chief Economist and Sage Patel, Director of Fixed Income Pricing  Key Points: Among the sovereigns, CDS spreads for New Zealand tightened the most, while Republic of Korea saw the largest widening of...

Oil and Gas Investment Continues to Decline

JAKARTA (TheInsiderStories) - Investment in the oil and gas sector in Indonesia during the first half of this year reached US$4.8 billion or decline compared to the same period last year of US$5.6 billion,...

Airasia Reiterate IPO Plans for Indonesian Unit

JAKARTA (TheInsiderStories) - Low cost flight carries, Air Asia Indonesia has reiterated it plans to list its shares on the Indonesia Stock Exchange in the fourth quarter of 2017. The company, initial public offering...

Investment Will Boost Economic Growth in H2

JAKARTA (TheInsiderStories) - The Indonesia Government believed the investment realization will boost the economic growth in the second half (H2) of this year, said one senior official on Tuesday (8/8). For that, Government will...

IDX Prepares Acceleration Board for SME’s Go IPO

JAKARTA (TheInsiderStories) – Indonesian Stock Exchange ready to lure the regulation on initial public offering (IPO) for small, medium enterprises (SME’s), through the acceleration board. This initiative will complete the existing of Financial Service Agency...

Softer exports and sustained import growth weigh on Japan’s current-account surplus in June

By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Ÿ Japan’s current-account surplus for June rose 8.7% month on month (m/m) to JPY1.5 trillion (USD13.8 billion) on a seasonally adjusted basis, but continued to fall year...

Indonesia Forex Reserve Increases in July 2017 US$128b

JAKARTA (TheInsiderStories) - The Indonesia’s official foreign exchange reserve position stood at US$127,76 billion in July 2017 or increases than position at the previous month at $123.09 billion, partly driven by government's global bond,...

Japan Tobacco to Purchase Gudang Garam’s Unit for US$677m

JAKARTA (TheInsiderStories) - Japan Tobacco Inc. (TSE: 2194) or JT Group has agreed to acquire Gudang Garam (IDX: GGRM) subsidiary, PT Karyadibya Mahardhika (KDM) and its distributor PT Surya Mustika Nusantara (SMN) for US$677...

Indonesia’s GDP Growth at Slower Pace in Q2 2017

JAKARTA (TheInsiderStories) - Indonesia’s Gross Domestic Product (GDP) growth in the second quarter of 2017 reached 5.01 percent or lower compared to the same period last year which grew by 5.18 percent, contributed by...

Finally Geothermal Fund is Used for Flores Island since Launched in 2011

JAKARTA (TheInsiderStories) - Since launched six years ago, Indonesia finally use the Geothermal Fund Facility (GFF) for the first project Waisano region in the Flores island. The GFF was actually established in 2011 with an...

Indonesia Targets Russian and Eurasian Markets, Barter Palm Oil With Jet

JAKARTA (TheInsiderStories) - Indonesian Trade Ministry intensively boosted exports to global markets. One of the targets export to Russia and Eurasia as an entrances to Eastern Europe, said one senior official on Sunday (6/8). Minister...