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Desk Editor Insider

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Opposition Camp Looks to Muslim Popular Preacher for Vote-getter  

JAKARTA (TheInsiderStories) - The opposition camp is considering to recruit popular preacher Abdul Somad to secure votes of the Indonesian Muslim community, which shapes more than 90 percent of the country’s population, in next...

Morning Briefing: Inflation Data Out Today, Bond Auction Sees Strong Demand

JAKARTA (TheInsiderStories) - Good morning. As the Statistics Indonesia will announce consumer price index (CPI) for July today, market participants would like to hear than just “tame inflation”. While tame inflation is a positive and welcome trend, it...

FinTech Could Help Indonesia’s Micro-SMEs

JAKARTA (TheInsiderStories)--Financial technology (FinTech) could help Indonesia's micro, small, and medium enterprises (micro-SMEs) and boost the financial inclusiveness. CEO of International Finance Corporation (IFC) Philippe Le Houérou said on Tuesday (31/07) in a press release...

Indonesia Court Disband JAD for Terrorism Activities

JAKARTA (TheInsiderStories) - South Jakarta Court ruled on Tuesday (31/07) to disband Indonesia largest Islamic State-linked organization Jamaah Anshorut Daulah (JAD) for terrorism-related activities. Beside the ban, the court also ordered the organization to pay Rp 5...

Demokrat Party Pursues Coalition Negotiations with Opposition Camp

JAKARTA (TheInsiderStories) - Monday was a busy day for the Demokrat Party. The chief patron Susilo Bambang Yudhoyono (SBY) met top leaders from the opposition coalition to propose negotiations as the Aug. 10 deadline for president...

Morning Briefing: Crunch Time for Opposition Camp

JAKARTA (TheInsiderStories) - Good morning. The most important news that came up on Monday was the announcement by former President Susilo Bambang Yudhoyono, or SBY, that his Democratic Party will support Prabowo Subianto’s bid...

Weekly Briefing: Inflation, Bonds Auction to Influence Market This Week 

JAKARTA (TheInsiderStories) - Good morning. Two key events will take place this week that would have an effect to the domestic market. First is the debt auction of treasury bills and state bonds on Tuesday,...

IFC Extends up to $50M Debt Financing for Power Plant in Riau

JAKARTA (TheInsiderStories)--The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to extend a debt financing package of up to $50 million to support the development of a 275-megawatt (MW)...

The Biggest Steel Factory in Asia to Build in Indonesia

JAKARTA (TheInsiderStories) - The biggest steel plant in Asia to build in Indonesia, said Deputy Governor of Central Java Heru Sudjatmoko was quoted by Antara on Tuesday (24/07). He said, China-based steel producer Hebel Bishi Steel Group...

Indonesia’s Kredivo Raises Funds US$30M for Expansion in SEA

JAKARTA (TheInsiderStories) - FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia through Kredivo, has closed a US$30 million investment as it begins to consider overseas expansion. The Jakarta based...