Wednesday, June 19, 2019
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Fauzul Muna

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Before joining The Insider Stories as an editor, Muna was a journalist for macroeconomics and energy at Bisnis Indonesia. She received a Master of Science in International Development from The University of Manchester and bachelor degree in Social Development and Welfare from Universitas Gadjah Mada.

Indonesia Records US$1.74 Trade Surplus in June 2018

JAKARTA (TheInsiderStories)--Indonesia recorded US$1.74 billion trade surplus in June 2018, Statistics Indonesia reported on Monday (16/07). However, the country still booked US$1.02 billion in the trade deficit from January to June 2018. Export in January...

Indonesia’s Fintech P2P Firms Disburse $486M Loans by June 2018

JAKARTA (TheInsiderStories)--Indonesia's financial technology (FinTech) peer to peer (P2P) firms had disbursed loans totalling Rp7 trillion (US$486.435 million) by June 2018, FinTech Licensing and Supervision Arrangement Director of Financial Services Authority  (FSA) Hendrikus Passagi...
Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019

Bank Indonesia Sees 5.2% GDP Growth in Q2/2018

JAKARTA (TheInsiderStories)--Bank Indonesia estimated economic growth might reach 5.2 per cent in the second quarter this year, said Bank Indonesia’s governor Perry Warjiyo on Friday (13/07). "We initially estimated 5.2 per cent, we still count...

Inalum Gets $5.2B Loan Offers to Buy Freeport Indonesia Share

JAKARTA (TheInsiderStories)--The state-owned mining company PT Indonesia Asahan Aluminium (Inalum) has received US$5.2 billion loan offers from 11 local and foreign banks to increase the company stake in PT Freeport Indonesia to 51 per...

Indonesia’s PLN Sees Higher Production Cost on Weak Rupiah

JAKARTA (TheInsiderStories)— Production expenses at Indonesia’s state-owned power company PT Perusahaan Listrik Negara (PLN) rose by Rp10 trillion in the first six months of this year due to rupiah depreciation and higher oil price. President Director...

Indonesia’s President Widodo : Freeport Deal Signs Today

JAKARTA (TheInsiderStories)--After years of discussion, the Indonesian government and U.S's miner Freeport-Mcmoran Gold & Copper Inc. (NYSE: FCX) will sign the head of agreement of PT Freeport Indonesia (PTFI) today, said Indonesian president on Thursday (12/07)....

Chevron Pacific Indonesia Backs Down from Makassar Strait Block

JAKARTA (TheInsiderStories)--Chevron Pacific Indonesia decided to withdraw Makassar Strait block in the Indonesia Deepwater Development (IDD) project due to poor investment return. Upstream Oil and Gas Regulatory Special Task Force Chairman Amien Sunaryadi said on...

Indonesia Signs Four Oil & Gas Blocks Extension Contract

JAKARTA (TheInsiderStories)--The Indonesian government has officially signed the contract extension of four oil and gas blocks, with their scheme changes into the gross split from previously cost recovery-based. The government securing investment commitment of...

Indonesia’s ELTY Investors Asks FSA to Reject Reverse Stock

JAKARTA (TheInsiderStories)--The investors of Indonesia's property company PT Bakrieland Development (IDX: ELTY) met with people from the Financial Service Authority (FSA) on Monday (9/7) as an effort to reject the company's reverse stock plan. The...

Indonesian Govt. will not Revise 2018 State Budget

JAKARTA (TheInsiderStories)--Indonesian government decided not to revise the 2018 state budget although some assumption including rupiah currency against US Dollar and oil price are too far from the realization. Finance Minister Sri Mulyani on Monday...

Measuring Indonesian Govt’s Strategies to Counter Trade War

JAKARTA (TheInsiderStories)—The Indonesian government announced eight strategies to counter the trade war, is this effective? The trade war's threat imposed by the United States will eventually affect Indonesia. The US government is evaluating the existence of a generalized system...

Moody’s Assigns Baa2 rating to BRI’s US$ Senior Unsecured Notes

JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a Baa2 long-term foreign currency senior unsecured rating to PT Bank Rakyat Indonesia (IDX: BBRI)proposed US dollar denominated senior unsecured notes. The rating outlook is stable. The notes will...

Indonesia’s GarudaFood Eyes $200M from IPO

JAKARTA (TheInsiderStories)--Indonesia's food and beverage company GarudaFood through its entity of PT Suntory Garuda Beverages seeks as much as US$200 million from initial public offering (IPO) in the near future. GarudaFood has submitted IPO's documents...

Insider Seminar Series: The Role of Energy Sector in the Industry 4.0

The Insider Network and Bimasena will jointly hold a public lecture, called the Insider Seminar Series, with a theme, ‘Peran Sektor Energi di Era Industry 4.0’ on July 20th, 2018. The key speaker for...

CNOOC’s Gas Pipe Leaks in Bojonegara, Indonesia

JAKARTA (TheInsiderStories)--The gas pipelines owned by the Chinese state-owned oil and gas company, China National Offshore Oil Corporation (CNOOC), leaked in the sea near Bojonegara, Banten, Indonesia. The leakage of undersea gas pipeline occurred at...

Rush to Launch OSS May Hurt Indonesia’s Investment Climate

JAKARTA (TheInsiderStories)—The Indonesian government’s rush to launch an online single submission (OSS) system pours more uncertainty into the country's investment climate. Indonesian government finally launched OSS, an integrated web-based business permit application, today (09/07), a...

Trade War Could Cut Asia-Pacific GDP Growth by 1% in 2019

JAKARTA (TheInsiderStories)--The trade wars imposed by the United States could cut Asia-Pacific GDP growth by as much as 1 percentage point in 2019, said Asia Pacific Chief Economist at IHS Markit Rajiv Biswas in a press...

Indonesia’s MEMR Sets Coal Price Reference at $104.65/ton in July 2018

JAKARTA (TheInsiderStories)—Indonesia’s Ministry of Energy and Mineral Resources (MEMR) the coal reference price at US$104.65 per ton for July 2018. MEMR has stipulated the Decree of the Minister of Energy and Mineral Resources No. 1892K/30/MEM/2018...

Indonesia’s Oil & Gas Shows Poor Performance in H1/2018

JAKARTA (TheInsiderStories)—Indonesia's oil and gas did not reach investment and production target in the first half of this year. According to the Upstream Oil and Gas Regulatory Special Task Force data, the realized investment in...

Indonesia’s Akseleran Targets $13M Loans Disbursement in 2018

JAKARTA (TheInsiderStories)--Indonesia-based peer-to-peer lending (P2P) financial technology (FinTech) startup Akseleran targets loan disbursement of Rp200 billion (US$13 million) this year. Co-Founder & Chief Executive Officer Akseleran Ivan Nikolas Tambunan on Thursday (5/7) said the company disbursed...

Trump’s Trade Threat May Hit Indonesia’s Textile Companies

JAKARTA (TheInsiderStories)--The US President Donald Trump's threat over Indonesia's trade surplus with the US would bring negative impacts to Indonesian publicly listed textile companies. The Advisory Council of the Indonesian Employers Association Sofjan Wanandi said...

Indonesia’s Modalku Disburses $69M Loans

JAKARTA (TheInsiderStories)--Indonesia's peer-to-peer lending (P2P) startup Modalku disbursed Rp1 trillion (US$69.39 million) loans to 3,500 creditors (year to date). Founder and CEO of Modalku Reynold Wijaya on Thursday (5/7) said most of the company's clients...

As Trade War Intensifies, is Indonesia Ready?

JAKARTA (TheInsiderStories)-- With trade war rhetoric between key economies is intensified, Indonesia and other developing economies could be adversely affected. So the main question is Indonesia prepared to withstand its impact, or even, can benefit...

Indonesia to Borrow US$6.5B Loans for 42 Priority Projects

JAKARTA (TheInsiderStories)—Indonesian government will borrow US$6.5 billion of foreign loans to finance 42 priority projects, according to the list of priority foreign loans plan 2018, one senior official said on Wednesday (4/7). The loans include...

Indonesia’s Net TV Eyes US$69M via IPO, MCB

JAKARTA (TheInsiderStories)--Indonesia's media company PT Net Visi Media also known with brand Net TV seeks up to Rp1 trillion (US$69.49 million) through an initial public offering (IPO) and mandatory convertible bond issuance for business...

Indonesian Gov’t Institutions to Spending $58B in 2019

JAKARTA (TheInsiderStories)--Ministry of Finance (MoF) and Budget Committee of the House of Representatives agreed on the indicative budget ceiling for the ministries or institutions amounting to Rp838.6 trillion (US$58.413 billion), slightly decreased from Rp847.4 trillion...

Indonesia Borrows $650M from World Bank to Address Childhood Stunting

JAKARTA (TheInsiderStories)--Indonesia borrows US$650 million loans from the World Bank to tackle childhood stunting and modernize irrigation system. Indonesian President Joko Widodo on Wednesday (04/06) said will use the debt to tackle childhood stunting. He...

Freeport Indonesia Negotiation to Wrap up End of July

JAKARTA (TheInsiderStories)--Indonesian government targets the negotiation with U.S's miner Freeport-Mcmoran Copper & Gold Inc. (NYSE: FCX) including 51 per cent divestment, smelter development, investment assurance, taxation and extension of operations wrap up end of July,...

BI sees Current Account Deficit 2.5% to 3.0% of GDP in Q2

JAKARTA (TheInsiderStories)—Bank Indonesia's Senior Deputy Governor Mirza Adityaswara on Tuesday (3/7) saw the current account deficit (CAD) is seen around 2.5 per cent to 3 per cent of gross domestic product (GDP), possibly putting...

Telkom Indonesia’s MDI Ventures Leads $4M Investment in Singapore’s Anchanto

JAKARTA (TheInsiderStories)--Anchanto, a Singapore headquartered pan-Asia SaaS technology company has raised US$4 million in the first round of its ongoing Series C investment, led by MDI Ventures, Telkom Indonesia’s corporate venture capital arm. MDI Ventures’...