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Japan’s Trade Surplus Shrinks Due to Falling Global Demand
JAKARTA (TheInsiderStories) - Japan trade surplus shrinking to JPY590 billion (US$5.5 billion) in June 2019, from a year ago surplus of JPY728 billion caused of weak global demand and United States - China trade war,...
AIIB Offers Alternative Financing to Avoid Volatile Forex Market
JAKARTA (TheInsiderStories) - The Asian Infrastructure Investment Bank (AIIB) offers an alternative financing on local currency for Indonesia, Thailand, Turkey, India and Russia, to avoid the volatile foreign exchange market, it said on Wednesday...
ADB: Asia and Pacific Growth Steady Amid Global Trade Tensions
JAKARTA (TheInsiderStories) - Developing Asia will maintain strong but moderating growth over 2019 and 2020, as supportive domestic demand counteracts an environment of global trade tensions, Asian Development Bank (ADB) reported today (07/18).
The Fund maintains growth...
The Global Economic Outlook: An Ongoing Slowdown
JAKARTA (TheInsiderStories) - Financial markets gave a thumbs-up to the announced trade truce between China and the United States (US), says IHS Markit' Chief Economist Nariman Behravesh and Sara Johnson, Executive Director for Global Economics said...
Indonesian Car Sales Below Target in This Year, says Gaikindo
JAKARTA (TheInsiderStories) - An Indonesian Car Manufacturer Association (Gaikindo) sees this year' national car sales will not be achieved cause low demand, tight competition, and influx of new players and variants from abroad, such as...
Indonesia Needs US$4.4T to Reach Climate Change Targets
JAKARTA (TheInsiderStories) - Indonesia needs greater funding to reach climate change targets in the future. As a nationally determined contribution (NDC) target, Indonesia needs US$247 billion for the transition. But at the global level,...
Semen Indonesia’s Sales Corrected 4.86% in IH 2019
JAKARTA (TheInsiderStories) - Cement sales of state-owned company, PT Semen Indonesia Tbk (IDX: SMGR) corrected by 4.86 percent throughout the first half (1H) of 2019 compared to the previous year, it said on Monday (07/15). Based...
Moody’s Downgrades Agung Podomoro Land to B2
Singapore (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating of PT Agung Podomoro Land Tbk (IDX: APLN) to B2 from B1. At the same time, the rater has downgraded the backed senior unsecured rating...
Indonesian Palm Oil Exports Erodes by the Regulation, says GAPKI
JAKARTA (TheInsideStories) - Palm oil exports have begun to erode over the foreign policies on some of Indonesia' main export destinations, especially to India, China, Bangladesh, and European Union, said an Indonesian palm oil...
Uni-Charm Indonesia Eyes US$71M from IPO
JAKARTA (TheInsiderStories) - PT Uni-Charm Indonesia, the local arm of Japan-based diaper and feminine-care firm Unicharm Corp., planned to hold an initial public offering (IPO) in this year. The potential funding that can be...
China’s Trade Surplus Widens to US$51B in June
JAKARTA (TheInsiderStories) - China's trade surplus widened to US$50.98 billion in June 2019, up 24.6 percent from the same month last year of $40.91 billion. This is the biggest trade surplus since December last...
Indonesia Puts Plastic Bag Excise US$0.01 a Sheet
JAKARTA (TheInsiderStories) - Indonesia' finance ministry has set a policy to implement excise of plastic bag worth Rp200 (US$0.01) a sheet assuming Rp30 thousand a kilogram (kg), with a count of 150 pieces of...
Indonesia’s Gojek Secures Investment From Thailand’s SCB
JAKARTA (TheInsiderStories) - Gojek, Indonesia' mobile on-demand platform, and digital payment get an investment from Siam Commercial Bank (SCB), Thailand’s largest lender by assets. This investment is part of Gojek's Series F Funding Round,...
Destry Damayanti Appointed as Senior Deputy Governor of Bank Indonesia
JAKARTA (TheInsiderStories) - Indonesian House of Representatives appointed Destry Damayanti as Senior Deputy Governor of Bank Indonesia, said Member of the House of Representatives Commission XI Amir Uskara in Jakarta on Thursday (7/11).
Uskara revealed...
Indonesia’s Business Activities Raises in 2Q 2019
JAKARTA (TheInsiderStories) - Indonesia' business activities in the second quarter (2Q) of 2019 improved compared the previous quarter, according to the latest survey of Bank Indonesia. This is reflected in the weighted net balance...
Indonesia’s Bumi Resources Pays Debt US$270M
JAKARTA (TheInsiderStories) - The Bakrie Group subsidiary, PT Bumi Resources Tbk (IDX: BUMI) has paid debts of $270.4 million until July 2019. The debts consisted of Tranche A principal debt of $168 million and...
US Fed Maintains FFR, Sees a Room to Rate Cut
JAKARTA (TheInsiderStories) - United States' Federal Open Meeting Committee (FOMC) maintained its federal funds rates at 2.25 – 2.5 percent at the latest statement released on Wednesday (07/10). At the same time, the chairman Jerome Powell send...
Indonesia Prepares Central, East Java to Boost Export and Investment
JAKARTA (TheInsiderStories) - Indonesian government prepares East and Central Java provinces as the center of national economic development. Both province were considered to have the driving force towards the country' export and investment performance.
President...
Indonesia’s Chandra Asri Raises Funds US$52M from Bond Sales
JAKARTA (TheInsiderStories) - Indonesia' largest integrated petrochemical company, PT Chandra Asri Petrochemical Tbk (IDX: CAP), successfully launched a three-year bond issuance with total amount of Rp750 billion (US$52.82 million). The notes has a coupon...
Huawei to Increase Ownership in Bakrie Telecom
JAKARTA (TheInsiderStories) - PT Huawei Tech Investment, Indonesia' unit of Chinese telecommunications giant Huawei, has the potential to increase share ownership in PT Bakrie Telecom Tbk (IDX: BTEL) due to the consequences of the...
Bank Indonesia Revises Reserve Requirement
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has been implementing the policy to reduce the minimum mandatory current account (MMCA) ratio since July 1, 2019. The rule is expected to boost the liquidity for banks...
Insight: Looking the Signs of Widodo’s Second-Term Economic Policy
JAKARTA (TheInsiderStories) – President Joko Widodo's second-term leadership was approved by the General Commission through an official announcement late last month after he won a lawsuit filed by the Prabowo Subianto-Sandiaga Uno camp at...
Indonesia’s Jababeka Considers to Buyback Bond US$300M
Jakarta (TheInsiderStories) - Indonesian property developer, PT Kawasan Industri Jababeka Tbk (IDX: KIJA) took a number of steps related to the risk of default on senior notes issued by its subsidiary, Jababeka International BV in...
Indonesia’s Economic Growth to Stagnate at 5.3% This Year, says Brodjonegoro
Bogor (TheInsiderStories) – National development Pplanning minister sees Indonesia' economic growth rate will stagnate at the level of 5.3 percent in this year over the investment, exports and import development until June. Beside, Bambang Brodjonegoro...
China, India Reform the Investment Policies to Drive Economic Growth
JAKARTA (TheInsiderStories) - Last week, Chinese Prime Minister Li Keqiang announced a massive economic reform step to drive the economic growth. He said, the government would cancel ownership control of foreign companies investing in...
Indonesia’s Consumer Confidence Index Down to 126.4 in June
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted the consumer confidence index stood at 126.4 in June 2019, down from 128.2 in the previous month. This was the weakest reading since March, as the index...
Indonesia’s Coal Price Reference Drops 11.73% in July
JAKARTA (TheInsiderStories) - Indonesia' coal reference price showed a downward trend in July 2019, where the benchmark price was set at US$71.92/ton, dropped 11.7 percent compared to last month's $81.48/ton. The policy of China...
Indonesia Sets Regulation to Raises Capital Market Performance
JAKARTA (TheInsiderStories) - Indonesia has set up Government Regulation Number 42 Year 2019 concerning Procedures for Examination in the Capital Market Sector. The new regulation is determined to carry out the functions, duties, and authority of...
Indonesia’s Adaro Avoiding Taxes US$125M in 2009-2017
JAKARTA (TheInsiderStories) - The world's largest coal Indonesia-based company, PT Adaro Energy Tbk (IDX: ADRO), has transferred its profits in large quantities to a network of foreign companies to avoid or minimize taxes that...
Indonesia’s SMF Raises Funds US$147M from Bond Issuances
JAKARTA (TheInsiderStories) - The state-owned home mortgage financing company, PT Sarana Multigriya Finansial (SMF) issued sustainable bonds of Rp2 trillion and SUKUK of Rp100 billion or totally Rp2.1 trillion (US$147.88 million). The fresh funding...