Monday, August 26, 2019
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Daniel Deha

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Indonesia’s Anti-graft Determines Sjamsul Nursalim as Suspect on BLBI Case

JAKARTA (TheInsiderStories) – Indonesian Corruption Eradication Commission (CEC) officially declared tycoon Sjamsul Nursalim as a suspect in the alleged case of Bank Indonesia Liquidity Assistance Certificate also popular as a BLBI case, an official said...

Singapore Topples United States as World’s Most Competitive Economy

JAKARTA (TheInsiderStories) – International Institute for Management Development (IMD) places Singapore as the most competitive economy in the world for the first time since 2010, surpassed United States, who slipped from the top position. Then,...

Widodo’s Second Term Needs a Soft Approach to Hush Opposition Critics

JAKARTA (TheInsiderStories) – A friendly and refined Javanese local culture is inherent in the figure of Joko Widodo, at least for nine years as the mayor of Solo and the Governor of Jakarta, in...

115 National Strategic Projects of Widodo’s First Term Postponed

JAKARTA (TheInsiderStories) – The realization of the National Strategic Project (NSP) experiencing significant obstacles, starting from the stage of preparation, transaction or auction to construction or implementation, said the official government yesterday. Until the end...

Indonesia’s CPO, Cocoa Bean Benchmark Price Dropped in June

JAKARTA (TheInsiderStories) – The government sets a reference price and export duty for Crude Palm Oil (CPO) products in June period of US$547.17/metric ton (MT). The reference price dropped 4.56 percent from May period,...

WB: World Energy Need Investment US$1.35T in 2030

JAKARTA (TheInsiderStories) – World Bank (WB) estimated that to meet the energy access target in 2030, the world requires an investment of US$1.35 trillion, mainly to fulfill and electricity access to 8 percent or 650 million people...

Softex Indonesia Eyes US$500M from IPO, Strategic Investor

JAKARTA (TheInsiderStories) – Indonesian sanitary producer, PT Softex Indonesia, supported by the global investment company CVC Capital Partners, plans to conduct an Initial Public Offering (IPO) and hopes to raise a fund of US$500...

Indonesia’s Kedai Sayur Secures Seed Funding US$1.3M from East Ventures

JAKARTA (TheInsiderStories) — An Indonesian startup that empowers vegetable sales, Kedai Sayur, announced today (05/27), that it had secured US$1.3 million of seed funding led by the global investment company, East Ventures. The investment...

May Leaves Downing Street 10 on June 7

JAKARTA (TheInsiderStories) – United Kingdom (UK) Prime Minister Theresa May said she would resign as a Conservative leader on June 7, she said on Friday (05/24) evening. In an emotional statement, May said she had...

Indonesia’s Indofood Extends IFAR Share Sales to June 25

JAKARTA (TheInsiderStories) – Indonesian food and beverage producer, PT Indofood Sukses Makmur Tbk (IDX: INDF) extended the purchase period of Indofood Agri Resources Ltd (IFAR) offering shares worth of US$289.23 million until June 25,...

IMF: Trade Tensions Slashs US, Chinese Consumer and Producer

JAKARTA (TheInsiderStories) – United States-China trade tensions that have lasted more than a year have hit negatively on consumers and many producers in both countries. Rates have reduced trade between the US and China,...

Widodo, Subianto Lawyers will Fight at the Court Desk

JAKARTA (TheInsiderStories) – Indonesian political tensions were re-presented after two days’ mass rally around the Jakarta city. Today, the Prabowo Subianto - Sandiaga Salahuddin Uno camp took their lawyers to the Constitutional Court, suing...

Indonesian Police: May 22 Mass Rally Ridden by Terrorist Groups

JAKARTA (TheInsiderStories) – The Indonesian Police found an infiltration of a terrorist groups in a mass rally on 21-22 May 2019 in front of the Election Supervisory Agency Headquarter and surroundings. With the capture...

The Fed Reaffirms “Patient” Approach on Rates

JAKARTA (TheInsiderStories) – The United States Central Bank Federal Reserve (The Fed) still maintains the target range for the benchmark interest rate in the range of 2.25-2.25 percent, even though the economy has increased...

Indonesia Formulate Policies to Improve Oil and Gas Trade Balance

JAKARTA (TheInsiderStories) - The government has taken a new strategic step to improve the oil and gas trade balance, which continues to be a deficit so far. Taking PT Pertamina' investment abroad as primary...

Indonesia’s Medco Energi Finalize Ophir Energy Acquisition

Jakarta (TheInsiderStories) – Indonesian oil and gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC) officially announced the successful completion of British 'Ophir Energy Plc acquisition of all recommended cash offers valued at £408.4...
Senate Set to Reject Trump National Emergency Declaration

Trump: Mexico, Canada Agrees to Eliminate US’ Export Tariff Barriers

JAKARTA (TheInsiderStories) – President of the United States (US) Donald Trump said he had reached an agreement with Canada and Mexico, where US could sell agricultural products, aluminum and steel to those countries without...

Indonesia’s Tower Bersama Seeks Funds from Global Bond US$850M

JAKARTA (TheInsiderStories) – Indonesian telecommunications infrastructure provider, PT  Tower  Bersama Infrastructure Tbk (IDX: TBIG)  planned to issue global bonds up to US$850 million (Rp12.24 trillion) to refinance a number of the company' debts, said...

Garuda Indonesia Complains Losses on the Upper Tariff Limit

JAKARTA (TheInsiderStories) - Management of PT Garuda Indonesia Tbk (IDX: GIAA) said that would suffer huge losses around US$18 million per month, if follow the upper tariff limits rule. Recently, Transportation ministry changed the lower...
Indonesia’s ten-Parties Predicts Unqualify in 2019 General Election

Breaking News: Nine-Parties Exceeds Parliament Threshold, Seven Fails

JAKARTA (TheInsiderStories) – Indonesian General Election Commission (GEC) has determined the recapitulation of the parliament votes by passing big-nine parties. While, seven parties that failed to qualify the parliamentary threshold, including three incumbent parties and...

Breaking News: Indonesian Police Issues Standby One Alert for Jakarta

JAKARTA (TheInsiderStories) – Responding to the announcement of the General Election Commission (GEC) on Tuesday (05/21), the National Police issued a standby one alert, especially in the Jakarta Capital City starting todaday to Saturday (May 21-25),...

Indonesia’s Pertamina Prepares 98 Upstream Projects

JAKARTA (TheInsiderStories) – Indonesian oil and gas holding, PT Pertamina budgeted investment funds worth of US$1.9 billion for the exploration and development of 98 Upstream Oil and Gas projects in 2019, said a senior officer...

S&P: Indonesia’s Corporate Rating Has Potential to Grow

JAKARTA (TheInsiderStories) – S&P Global Ratings views Indonesian corporate rating having a good prospect after general elections with a little risk of operation, but not the main catalyst for operations. "Election mostly neutral for corporate credit...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years

PBoC Warns Trade Friction Could Harm Global Economy

JAKARTA (TheInsiderStories) – People's Bank of China (PBoC) warned that uncertainty caused by friction and trade tensions between the United States (US) and China could have a negative impact on the global economy, it...

Indonesia’s Election Watchdog Rejects Opposition Lawsuit

JAKARTA (TheInsiderStories) – The Indonesian Election Supervisory Board expressly rejected the opposition faction's claim of alleged structured, systematic and massive election fraud which harmed Prabowo Subianto-Sandiaga Salahuddin Uno. The rejection was made because the...

Indonesia, Inpex Renegotiates Masela Block Projects

JAKARTA (TheInsiderStories) – Indonesian government renegotiated the Masela block' plan of development (PoD) with Japan' Inpex Corporation, said the minister on Thursday (05/16). With this effort, its expected the giant gas block can operate soon. Minister o...

Indonesia’s ASTRA Infra Acquires 44.5% of Jasa Marga’s Concession

JAKARTA (TheInsiderStories) – PT Astra International Tbk (IDX: ASII) infrastructure developer' ASTRA Infra through PT Astra Tol Nusantara officially acquired 44.5 percent of PT Jasamarga Surabaya Mojokerto (JSM) shares to strengthen the investment portfolio in the...

Indonesia’s Waskita Raises Funds US$128.67 from Bond Issuances

JAKARTA (TheInsiderStories) – Indonesian toll road developer,  PT Waskita Karya Tbk (IDX: WSKT) raised funds Rp1.84 trillion (US$128.67 million) from a bond issuances. While, its subsidiary PT Waskita Toll Road (WTR), added paid-up capital around...

Indonesia’s Balance of Payment Surplus of US$2.4B in 1Q 2019

JAKARTA (TheInsiderStories) – Indonesia' balance of payments (BoP) recorded a surplus of US$2.4 billion in in the first quarter (1Q) of 2019, the central bank reported today. This inline with the larger capital and financial account...
Trump Declared National Emergency, Us Retail Sales Dropped

Cooling Tension Appears US, China Trade War

JAKARTA (TheInsiderStories) – Cooling tension on trade war appeared, when United States (US) President Donald Trump said he would meet Chinese President Xi Jinping late June at the G20 Summit in Japan. The higher tension...