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Indonesian Bank to Maintain Benchmark Rate at 6% and Implements Mix-Policy

Bank Indonesia Maintained Benchmark Rate at 6%

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) decided to keep the benchmark 7-Day Reverse Repo Rate (DRR) at 6 percent, based on the latest economic conditions, said senior officer today. Governor of BI Perry Warjiyo said...

Indonesia’s Matahari to Buyback of US$100 M

JAKARTA (TheInsiderStories) – PT Matahari Departement Store Tbk (IDX: LPPF) will buyback shares that have been issued by the company and are listed on the Indonesia Stock Exchange (IDX). The total value prepared for...
Insight: Indonesia' Digital Business Needs Guaranteed by Adequate Regulation

Three Startup Companies Ready to Conduct IPO

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) claims there are three new startup companies that will conduct an initial public offering (IPO) this year. There were two startup companies had been listed at IDX,...

Speed Up Banking Consolidation, FSA to Revise Single Presence Policy Rule

JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) will revise the single presence policy (SPP) to lessen the number of banks in Indonesia, as well as to speed up the process of consolidation in...

Pay off Debts, Two Units of Bakrie Sell New Shares

JAKARTA (TheInsiderStories) - Bakrie Group' media business group PT Visi Media Asia Tbk (IDX: VIVA) and its subsidiary PT Intermedia Capital Tbk (IDX: MDIA) will make additional capital through a private placement by releasing...

Tangled by Debts, Indonesia’s Golden Plantations to Sell Asset

JAKARTA (TheInsiderStories) — Two subsidiaries of PT Golden Plantation Tbk (IDX: GOLL), PT Bumiraya Investindo and PT Airlangga Sawit Jaya are tangled by debts, as both companies have submitted postponement of debt repayment obligations....

Indonesia’s Sarana Multigriya Offers US$176M Local Bond

JAKARTA (TheInsiderStories) - A State enterprise, PT Sarana Multigriya Finansial (SMF) start offering its bond issuance valued Rp2.51 trillion (US$176 million), said the company today (03/19). The fresh funding will be used to replace the...

Indonesia: Europe Do Outright Discrimination Against CPO

JAKARTA (TheInsiderStories) -- Indonesia government strongly opposes European Union (EU) decision to adopt the Draft Delegated Regulation, said government official on Monday (03/18). The country labelled the regulation as an outright discrimination and a...
Bank of Japan Maintains Negative Interest Rate

Bank of Japan Maintains Negative Interest Rate

JAKARTA (TheInsiderStories) – Bank of Japan (BoJ) maintained a negative interest rate of minus 0.1 percent, even though Japanese politicians demanded rate increase, based on its written statement. In the monetary policy meeting, the central...
Indonesia's Phapros Conducts Right Issue $71.42M in 2nd Half of 2019

Indonesia’s Phapros Conducts Right Issue US$71.42M in 2nd Half of 2019

JAKARTA (TheInsiderStories) – PT Phapros Tbk (IDX: PEHA) planned to conduct a rights issue with a target of Rp1 trillion (US$71.42 million) in the second half (2H) of 2019 by releasing 20 percent of...