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Lazada to Launch Payment System This Year

JAKARTA (TheInsiderStories) - Lazada Indonesia, a major e-commerce player in the country, plans to launch its own payment system this year, following the path undertaken by Go-Jek with its Go-Pay. A number of e-commerce players...

Singapore’s 99.co Acquires UrbanIndo.com

JAKARTA (TheInsiderStories) - Singapore's startup company 99.co has completed the acquisition of UrbanIndo.com, one of Indonesia's largest property portal, for undisclosed value. Currently, UrbanIndo has over 1.2 million active listings. “With numerous synergy between the...

BI Keeps Key Rate Steady While Easing Reserve Requirement for Banks

JAKARTA (TheInsiderStories) – Bank Indonesia, the country's central bank, maintained its key interest rate steady on Thursday (18/01) and pledged to speed up plans to ease reserve limits for lenders to give them more liquidity. The...

Minister Urges ‘Unicorn’ Startup IPO in Local Stock Exchange

JAKARTA (TheInsiderStories) - Minister of Communications and Informatics Rudiantara expects the Indonesia Capital Market Authority, in this case the Financial Services Authority, to issue regulations for startup companies holding a ‘unicorn’ status to be able...

Govt Gets $27M per Year from Contracts Amendment

JAKARTA (TheInsiderStories) – The Indonesian government will be paid an additional US$27 million per annum following the signing of 19 contract amendments with mining companies, a compromise finally achieved after a lengthy negotiation process. The...

Korea MBG to Construct $5.32B Nickel Smelter

JAKARTA (TheInsiderStories) – South Korean Made By Good (MBG) Group, operating through its Indonesian subsidiary PT MBG Nikel Indonesia, is in the process of constructing a nickel smelter in Konawe, Utara Regency, Southeast Sulawesi...

Morning Briefs – Jan 18

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Government to Set Up Infrastructure Holding  After establishing a holding company in the mining sector, the government will also...

President Widodo Installs New Minister, Air Force Chief

JAKARTA (TheInsiderStories) – President Joko Widodo on Wednesday (17/01) installed Idrus Marham as new Minister for Social Affairs, Airforce Chief Marshall Yuyu Sutisna and Head of Presidential Staff (KSP) retired general Moeldoko. Idrus Marham replaces...

Morning Briefs – Jan 17

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Indonesia to Export LNG to Bangladesh and Pakistan Indonesia, through state energy company Pertamina, plans to exports LNG to...

Minister Rudiantara: Sharing Economy Resolves Inefficiencies

JAKARTA (TheInsiderStories) – Indonesia has witnessed the rise of ‘sharing economy’ business model over the past five years or so, in particular in areas of transportation, tourism, finance, and retail sector. The business model...

Idrus Marham Reportedly Appointed as Minister for Social Affairs

JAKARTA (TheInsiderStories) – Secretary General of Golkar Party Idrus Marham has been reportedly appointed by President Joko Widodo as new Minister for Social Affairs, replacing Khofifah Indar Parawansa. Khofifah has resigned after decided to enter...

Boosting Logistics Efficicency through Sharing Economy

by Henry BL Toruan, PHD What is sharing economy? Sharing economy is a term with a range of meaning including open source, on-line collaboration, file sharing, peer-to peer transaction, and many more. Most scholars identify...

Morning Briefs – Jan 16

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Indonesia Foreign Debt Totaled Rp3,938 Trillion at end 2017 Indonesia’s foreign debt at end of 2017 has reached Rp3,938...

Govt Considers Guaranteeing Public Funds in E-Commerce

JAKARTA (TheInsiderStories) - Deposit Insurance Agency plans to draft a regulation that will protect public funds placed in online or e-commerce platforms, given the rise of the online transactions. Halim Alamsyah, the Head of the...

Elvyn G. Masassya: Pelindo II’s Port Will Be Digitalized

JAKARTA (TheInsiderStories) - As state-owned port operators are no longer limited in carrying out expansions by region, PT Pelabuhan Indonesia (Pelindo) II or Indonesian Port Company (IPC) plans to enlarge its business across the archipelago. Elvyn...

Replicating Sharing Economy in Transportation toward Other Sectors  

  JAKARTA (TheInsiderStories) – The growth of the internet and other technology has stimulated the evolution of a sharing business model, most apparently in transportation and tourism sectors. The ‘sharing economy’, also known as a...

Indonesia Targets to Produce 485MT Coals in 2018

JAKARTA (TheInsiderStories) - Indonesia will produce 485 million metric tons (MT) of coal in 2018 or up 5 per cent from last year, the Ministry of Energy and Mineral Resources (MEMR) reported on Thursday...

Japan’s current-account surplus narrows in November 2017

By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Japan’s current-account surplus narrowed by 5.6% year on year (y/y) to JPY1.3 trillion (USD12.1 billion) on a non-seasonally adjusted basis in November 2017. It also contracted...

Bank Indonesia to Open Branch in Beijing

JAKARTA (TheInsiderStories) - In recognition of the enormous economic potential of China, as well as facing the challenges it presents with regard to an unpredictably shifting global economic landscape, Bank Indonesia, Indonesia’s central bank,...

Morning Briefs – Jan 12

JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: Indonesia Hopes to Finalize Freeport Contract Talks by June Indonesia hopes to finalize contract talks with Freeport McMoRan Inc over...

Awaiting President Widodo’s Final Cabinet Reshuffle

JAKARTA (TheInsiderStories) – President Joko Widodo may appoint a new Minister for Social Affairs, replacing Khofifah Indar Parawangsa, who has reportedly tendered her resignation after deciding to run for East Java governor in this...

Indonesia, Japan Agree to Beef Up Cooperation in Maritime Area

JAKARTA (TheInsiderStories) – The Indonesian and Japanese governments have reached an agreement to strengthen cooperation in maritime-related sectors, marking the 60th anniversary of the two countries diplomatic relations. The Coordinating Ministry for Maritime Affairs said...

Dubai Port, Pelindo III Terminates Strategic Partnership in TPS

JAKARTA (TheInsiderStories) – PT Pelabuhan Indonesia III (Pelindo III), a state-owned port operator and DP World Limited (Dubai Port) agreed to sign a conditional sale and purchase agreement (CSPA) for 49 per cent shares...

Government to Create New Fiscal Incentives to Attract Investors

JAKARTA (TheInsiderStories) — The Indonesian government is considering ways to offer novel fiscal incentives to investors, as those provided earlier appear to have failed to attract much interest on the part of investors and other...

Morning Briefs – Jan. 11

JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: KML Food to List Shares in IDX PT Kelola Mina Laut (KML Food), a fast food processed seafood company, is...

Emtek Seeks US$362 Million from Rights Issue

JAKARTA (TheInsiderStories) - Indonesian media group, PT Elang Mahkota Technology Tbk (IDX: EMTK), hoping to get fresh funds of around Rp 4.86 trillion (US$362.69 million) from the issuance of 564 million new shares or...

The Rise of Sharing Economy, Bright Moment for Big Data Centers

JAKARTA (TheInsiderStories) - The emergence of a number of regulations in various sectors of economic activity over the last ten years requiring companies operating in Indonesia to store data in the country has encouraged...

Indonesia Expanding Gas Pipeline Network, Pipe Producers to Benefit

JAKARTA (TheInsiderStories) - As a move to increase domestic usage of natural gas, the Downstream Oil & gas Regulatory Body, will tender out three gas pipelines in 2018, with a combined length of 1,667...
China's Current Account Surplus in Q4 2018 by Strong Exports

Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth...

Current Slack in Global Economy Expected to Fade WASHINGTON — The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing,...

Moody’s: Asian Liquidity Stress Indicator improves

Falls to 26.2% in Dec 2017 from 26.4% in Nov and 30.3% at end-2016 Singapore -- Moody's Investors Service says that its Asian Liquidity Stress Indicator (LSI) fell to 26.2% in December 2017 from 26.4% in November...