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Desk Editor Insider

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Policy Review: Investment in Smelting Plants Shows Progress

JAKARTA  (TheInsiderStories) – Investment in Indonesia's smelting industry is likely to improve this year over last year, as reflected in a significant amount of investment in the industry in the first month of 2018, in...

President Moves to Lift Indonesia’s Export Values

JAKARTA (TheInsiderStories) – Indonesia’s lingering suppressed value of trade has sparked concerns. During the opening of a Trade Ministry meeting Wednesday (31/1), President Joko Widodo expressed his displeasure over export figures, which are still behind other Southeast...

President to Simplify Work Permits for Foreigners

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo (Jokowi) has instructed his administration to simplify the foreign workers permit process, which is known to be notoriously complicated. The President suspected that the complicated permit process to...

Indonesia’s January Inflation Rate Stands at 3.25% YoY

JAKARTA (TheInsiderStories) - Indonesian Statistics recorded the country's  inflation rate increased in January by 3.25 percent year-on-year (YoY), mainly on higher demand for basic food commodities during the early days of the month, which may...

Bimasena Leaders Talk: Indonesia Political Risk Ahead of General Election

The Insider Network and Bimasena will jointly hold a public lecture, called Bimasena Leaders Talk, with a theme, 'Indonesia Political Risk Ahead of General Election' on Feb. 6, 2018. The speaker for the session...

Indonesia’s manufacturing stabilizes in January: IHS Markit

JAKARTA (TheInsiderStories) - Following a marginal deterioration in December, Indonesia’s manufacturing economy broadly stabilized in January. While output was relatively stable at the start of 2018, new orders and employment fell only slightly. At the...

Bank Mandiri Net Profit up 53% to Rp20 Trillion in 2017

JAKARTA (TheInsiderStories) - The largest state-owned lender PT Bank Mandiri Tbk (IDX:BMRI) booked net profit of Rp20 trillion (US$1.4 billion) in 2017, increased by 53 per cent growth from the previous year. This achievement is an...

Indonesia Announces Winners of Oil and Gas Block Auctions

JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry on Wednesday (31/01) announced the winners of the conventional oil & gas Working Areas or block auction. This was the first auction of Working Areas...

Lippo Karawaci Revenue Remains Flat in 2017

JAKARTA (TheInsiderStories) - Indonesia-based listed property company PT Lippo Karawaci Tbk (IDX:LPKR) reported its 9M 2017 results revenues remained flat at Rp 7.5 trillion (year on year/yoy), according to company statement. Likewise Gross Profit and...

Policy Review: Indonesia Must Exert More Effort to Attract Investors

JAKARTA (TheInsiderStories) –  The Indonesian government efforts to encourage investor interest have not been maximized as reflected in investment performance, which only recorded moderate growth over the last couple of years. Only investment in...

Sri Mulyani Warns of Trump’s Protectionism Impact on Global Economy

JAKARTA (TheInsiderStories) - Indonesia’s finance minister Sri Mulyani Indrawati criticised U.S President Donald Trump’s protectionist trade policies, warning from their potential implications on global economic growth. “The current protectionist language is definitely going to create...

Jokowi Submits BI Deputy Governor Replacement Process

JAKARTA (TheInsiderStories) - President Joko “Jokowi” Widodo has submitted three candidates for the House of Representatives to review in starting the process of replacing Bank Indonesia (BI) deputy governor Perry Warjiyo, who will be...

Realized Investment Grows by 13.1% in 2017

JAKARTA (TheInsiderStories) - The Investment Coordinating Board of Indonesia (BKPM) reported that total realized direct investment in Indonesia in 2017 reached Rp692 trillion, representing an increase of 13.1 percent from Rp612 trillion worth of...

Indonesia Eximbank to Raise US$210M from Issuing Bonds

JAKARTA (TheInsiderStories) - The Indonesian Export Financing Agency, known as Indonesia Eximbank, will issue a US$210 million sustainable bond to fund domestic companies’ exports in 2018.  Referring to the bank's disclosure on the IDX website, Tuesday (30/1), this bond offering...

Pertamina Partnering with OOG, Cosmo Oil in Bontang Refinery Project

JAKARTA (TheInsiderStories) - Diversified energy company PT Pertamina has appointed Overseas Oil and Gas LLC (OOG) from Oman and Cosmo Oil International Pte Ltd (COI), a trading arm of Cosmo Energy Group of Japan,...

Government to Issue 17th Economic Policy Package

JAKARTA (TheInsiderStories) - The government plans to issue a 17th Economic Policy Package, which will specifically set rulings for imports and exports. Special Staff Coordinating Minister for the Economy Edy Putra Irawady has said that...

WIKA Lists US$405M Komodo Bond on London Stock Exchange

JAKARTA (TheInsiderStories) - Indonesian state owned construction company, PT Wijaya Karya Tbk (IDX:WIKA), listed its Rp5.4 trillion (US$ 405 million equivalent) bond to help finance infrastructure development plans on London Stock Exchange Monday (30/1)....

Policy Review: 35 GW Power Plant Program Falling Short of Target

JAKARTA (TheInsiderStories) – The Joko Widodo government’s ambitious program to develop 35 gigawatt (GW) of power plants within five years is most likely falling behind target (as widely anticipated), judging from current progress. In...

Policy Review: Is President Widodo Turning Populist?

JAKARTA (TheInsiderStories.com) - Entering 2018, Indonesia is openly speculating about what is popularly dubbed the 'year of politics'. The times ahead will be occupied by the 2018 simultaneous regional elections and the presidential...

Google Confirms Investment in Go-Jek

JAKARTA (TheInsiderStories) - Internet giant company, Google, has confirmed its plan to invest in Indonesia ride-hailing service Go-Jek, aiming to support and participate in Indonesia’s growth. "Go-Jek is led by a strong Indonesian management team...

BTPN Submits Formal Assessment on Merger with Sumitomo

JAKARTA (TheInsiderStories) - Indonesian lender PT Bank Tabungan Pensiunan Nasional (IDX: BTPN) announced on Monday that it had entered a formal assessment in its planned merger with Indonesian-Japanese PT Bank Sumitomo Nasional (SMBCI). “The management...

Asian Property Market Seen Robust in Q1 2018

JAKARTA (TheInsiderStories) - Firm economic growth and persistent low real interest rates will continue to drive occupier and investment property markets in Asia this year according to Colliers International (NASDAQ: CIGI; TSX: CIGI), in its...

Pertamina to Develop $2B Integrated Gas Project in Bangladesh

JAKARTA (TheInsiderStories) – Indonesia’s state-owned energy company PT Pertamina is embarking on a major gas infrastructure project in Bangladesh, marking the company’s entry into that country. The development of this integrated gas-based energy project...

Foreign Capital Inflows Double to US$3.6 B in January

JAKARTA (TheInsiderStories) - Foreign capital inflows to the Indonesian financial market doubled to over Rp46 trillion (US$3.6 billion) in the year ending January 26, compared with Rp17 trillion (US$1.36 billion) in the same period...

Indonesia Wins Anti-Dumping Duties Dispute Against EU

JAKARTA (TheInsiderStories.com) - Indonesia has won over the dispute on biodiesel exports to the European Union (EU), which is expected to give fresh hope to the crude palm oil (CPO) exporters and producers in...

ECB Leaves Interest Rate Unchanged

JAKARTA (TheInsiderStories) -  European Central Bank chief Mario Draghi took a swipe at Washington on Thursday for talking down the dollar, a move he said threatened a decades-old pact not to target the currency...

Medco Raises US$500 Million from Bonds Issue

  JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk, a diversified energy company found by businessman Arifin Panigoro, has raised US$500 million from bonds issue, seven year tenor with a final coupon of 6.75 per...

Policy Review: Import Duty on E-commerce Goods Raises Questions

JAKARTA (TheInsiderStories) - Indonesian government officials have revealed that all e-commerce transactions that are concluded in Indonesia will become subject to import tariffs in the near future. At the same time, the government plans...

President Widodo ‘Learned to Lean’ in South Asia

JAKARTA (TheInsiderStories) - Since assuming the office in 2014, President Joko Widodo has given a mandate to the Minister of Trade to strive to increase non-oil exports, by concentrating on non-traditional markets as an...

Creating an Efficient Gas Value Chain within Holding

JAKARTA (TheInsiderStories) – PT Perusahaan Gas Negara Indonesia Tbk (IDX:PGAS) is expected to approve the establishment of an oil & gas holding company at its extraordinary shareholders meeting later today (25/01); this will pave...