Desk Editor Insider
BOE Sees UK’s GDP will Slowdown Amid Brexit Issues
JAKARTA (The InsiderStories) - The Bank of England (BOE) predicted United Kingdom (UK) GDP growth of 1.2 percent this year, lower than its previous forecast of 1.7 percent. This expectation is the slowest since 2009...
Japan’s Current-account Surplus Narrows Again in December
JAKARTA (TheInsiderStories) - Japan posted a current account surplus of JPY 453 billion (US$4 billion) in December, down 43.1 percent year on year (y/y), on a non-seasonally adjusted basis, marking the sixth consecutive month of declines.
On a...
Insight: Indonesia Pursues Tax Fraud to Switzerland
JAKARTA (TheInsiderStories) – The Indonesian government continues to ensure that citizens or legal entities comply with tax regulations and not commit to tax evasion or other economic crimes.
One of them was the tax amnesty program...
Insight: Questioning Trump’s Denuclearization Commitment
JAKARTA (TheInsiderStories) – President of the United States (US) Donald Trump announced the second meeting with North Korean Leader Kim Jong-Un at the end of February in Vietnam.
He said, the cessation of nuclear tests and...
Indonesia’s Telkomsel, SOE Banks to Merges E-Money Card to LinkAja
JAKARTA (TheInsiderStories) - State-owned Bank Association and Indonesia' cellular operator PT Telekomunikasi Selular (Telkomsel) to launch a joint electronic money (e-money) called LinkAja on Feb, 21. As planned, TCash and all the e-money card under the...
Moody’s Affirms Bank Danamon Indonesia’s Baa2 Ratings
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Baa2/P-2 local and foreign currency deposit ratings of Bank Danamon Indonesia TBK (P.T.) (BDI). The outlook on the ratings is maintained at stable.
At the same time, Moody's...
Indonesia’s Bukit Asam Launches DME Plant in Riau
JAKARTA (TheInsiderStories) – Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA), PT Pertamina and United States' Air Product and Chemicals launched the coal downstream plant into Dimethyl Ether (DME) in Peranap mine, Riau, on...
Indonesia’s Forex Reserves Lowers to US$120.1B in January
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted foreign exchange (forex) reserves at the end of January 2019 amounted to US$120.1 billion, a decreased 0.49 percent from $120.7 billion at the end of December 2018.
The position of foreign exchange...
Widodo Reported to the Police on Russian Propaganda Cases
JAKARTA (TheInsiderStories) – The Indonesia Presidential candidate Joko Widodo was reported to the National Police and Election Watch followed his statement on "Russian propaganda", which allegedly insulted other candidates and conducted fighting in the...
Indonesia’s XL Axiata Raises US$90.8 M from Bond Issuances
JAKARTA (TheInsiderStories) – An Indonesian telecommunication operator, PT XL Axiata Tbk (IDX: EXCL) gives more space to get funding from the market. After the offering period, XL Axiata increased its bonds and sukuk issuance value...