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Morning Briefs – Jan 10

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Malaysian PDZ Holdings Bhd Eyes Indonesian shipping industry Malaysian container liner PDZ Holdings Bhd has inked a Memorandum of...

Two Keys to Survival for Indonesian E-commerce in 2018

JAKARTA (TheInsiderStories) – The Indonesian appetite to shop online continues to strengthen, as revealed by a number of research results, indicating that e-commerce has a bright outlook for this year. However, more efforts are...

Why Does Indonesia Need to Embrace ‘Sharing Economy’?

JAKARTA (TheInsiderStories) – What is known as the ‘sharing economy’ began to gain popularity in Indonesia from 2013, marked by the entry of ride-sharing applications such as Uber, Grab and home-grown brand Go-Jek. Since...

Global Palm Sugar Market to Reach US$2 Billion by 2025

JAKARTA (TheInsiderStories) - By 2025 end, the global palm sugar market is expected to reach a value of more than US$2.00 billion expanding at a CAGR of 3.4% over the forecast period (2017–2025), Persistence Market Research reported. In...

PLN to Issue Global IDR Bond US$2 billion on Q2

JAKARTA (TheInsiderStories) - Indonesia state-owned utility company PT Perusahaan Listrik Negara (PLN) has put in motion a plan to issue a Global IDR Bond or Rupiah-denominated bond to be sold in foreign markets. Sofyan Basir, CEO...

Finnish’s Wärtsilä, PTPP, PLN Joint Hand On Jakarta’s Diesel Projects

JAKARTA (TheInsiderStories) - Finnish's technology group Wärtsilä will deliver a 100 megawatss Smart Power Generation plant to PT Indonesia Power, a subsidiary of state-owned energy producer PT Perusahaan Listrik Negara (PLN). The new plant is being built...

Emas Mineral Secures Permit to Develop Beutong Project

JAKARTA (TheInsiderStories) - Asiamet Resources Limited said that PT Emas Mineral Murni (EMM), the developer of Beutong gold project in which Asiamet has interest, has been granted the key production licence, called "IUP-OP". The...

Soeryadjaya, SCTV to Become New Shareholders of Tempo

JAKARTA (TheInsiderStories) – Businessman Edwin Soeryadjaya as well as private television operator PT Surya Citra Media Tbk (IDX:SCMA) will become new shareholders of PT Tempo Inti Media Tbk (IDX:TMPO) through subscribing the rights issue...

Ari Askhara : We Are on Expansion Mode

JAKARTA (TheInsiderStories) Indonesian state-controlled port operator PT Pelabuhan Indonesia III (Pelindo III) is considering selling up to US$1 billion of bonds in 2018 to strengthen its equity and enable refinancing. President Director I Gusti Ngurah Askhara...

Indonesian Government Seeks US$18.6B Investment for 13 Industrial Zones

JAKARTA (TheInsiderStories) – The Indonesian government continues to stimulate economic growth by promoting investment potential and local industries to investors, including investment potential in industrial zones. In 2018, the government will continue to support the...

Garuda Indonesia to Issue Global Bond US$750M in H2

JAKARTA (TheInsiderStories) - Publicly listed flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) considered to issue U.S dollar denominated bonds US$750 million in second half of 2018 to strengthen the company's funding structure, local media...

Government to Impose 200% Repatriation Penalty on Taxpayers

JAKARTA (TheInsiderStories) – The Indonesian government plans to impose 200 per cent fines on taxpayers who haven't sent back or repatriated their wealth from overseas. Authorities are now setting their sights on those who...
Indonesia' Oil and Gas Deficit Predicted to Occur in 2025

Oil & gas Sector Shows Mixed Performance in 2017

JAKARTA (TheInsiderStories) - The performance of oil & gas sector delivered a mixed performance in 20017, with state revenues higher than targeted, while oil & gas lifting as well as investments were slightly higher...

Bank Bukopin CEO Glen Glenardi Resigns

JAKARTA (TheInsiderStories) - PT Bank Bukopin Tbk (IDX:BBKP) President Director Glen Glenardi has tendered his resignation, the bank said in a statement to the Indonesian Stock Exchange on Jan. 2. The resignation is pending...

Indonesian Sovereign Bond Yield Trending Downward This Year

JAKARTA (TheInsiderStories) - The yield-to-maturity of Indonesian sovereign bonds continues to drift lower this year, following Standard & Poor's (S&P) award of an ‘investment grade’ rating and oversupply of sovereign bonds following last Wednesday’s...

Indonesia’s Textile Export Jumps 5% in 2017

JAKARTA (TheInsiderStories) - Indonesia's textile exports rose by 5 per cent on a year-on-year basis in 2017 after being stagnant in the 2012-2016 period despite a decline in global textile demand in the year, according to the...

Indonesia Simplifies Investment Permit to Attract Investors

JAKARTA (TheInsiderStories) – Foreign investors often express disappointment over Indonesia’s famously lengthy permit processing protocol. As a move to expedite this unfortunate situation, the Investment Coordinating Board (BKPM) has issued new ruling to scrap...

Indonesia, Thailand, Malaysia Cut Natural Rubber Exports

JAKARTA (TheInsiderStories) - Indonesia, Thailand and Malaysia have pledged to withhold 350,000 tonnes of natural rubber (NR) exports until March 2018, which comes into immediate effect on Thursday (04/01). The three countries will also push...

Indonesia’s Growing Tourism Boosting Car Rental Market

JAKARTA (TheInsiderStories) - The rising of tourism and middle class population can spur car rental business to 2021, according to Research and Market's report. The report provides a comprehensive analysis of the organized and unorganized,...

Tourist Arrivals Reach 12.68 Million in 11 Months

JAKARTA (TheInsiderStories) - The Statistics Indonesia recorded that the tourist arrivals from January to November 2017 reached 12.68 million, increased 21.84 per cent from the same period in 2016, the statistic agency head Suhariyanto...

These Manufacturing Sub-Sectors to Shine in 2018

JAKARTA (TheInsiderStories) – The manufacturing sector is still the largest contributor to the national economy, among others through an increase in value-added raw materials produced by the country, the absorption of labor, and foreign...

Indonesia to Issue All Sovereign Bonds in H1 to Mitigate Risk

JAKARTA (TheInsiderStories) - In anticipation of lingering global uncertainty, the government will issue 100 per cent of its foreign currency bonds (or sovereign bonds) during the first half (H1) of 2018. The decision is also...

GMF AeroAsia, Korr Group Sign Strategic Partnership in Australia

JAKARTA (TheInsiderStories) - PT Garuda Maintenance Aero Asia Tbk (IDX: GMFI) signed a strategic partnership agreement with Korr Group to cooperate in line maintenance activities for Boeing 737, 787, A320 and A330 aircraft. For the initial phases, both...

Morning Briefs – Jan. 3

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Darmin Sees 50 Companies Go IPO in 2018 Coordinating Minister for Economic Affairs Darmin Nasution sees 50 companies to list...

Gross Split Scheme Expected to Boost Investment

JAKARTA (TheInsiderStories) - After a long wait, the Indonesian Government has finally issued a favorable tax ruling to be applied to oil and gas production sharing contracts (PSC), based on a gross split scheme, as a...

Indonesia Books Lower Budget Deficit in 2017

JAKARTA (TheInsiderStories)- The Indonesian government's State Budget deficit was equal to 2.6 per cent of gross domestic product in 2017, lower than the government's target of 2.9 percent of GDP. Finance Minister Sri Mulyani said Tuesday (02/01),...

Airport Rail Link and Jakarta’s Integrated Transportation System

JAKARTA (TheInsiderStories) – After conducting trials of a rail link connecting downtown Jakarta and Soekarno-Hatta International Airport for around one week, the railway was officially inaugurated by Indonesian President Joko Widodo, on Tuesday (2/01)....

Indonesia Records Inflation 3.61% in 2017

JAKARTA (TheInsiderStories) - Indonesia's headline inflation increased slightly in December 2017 as prices remained under control during the year-end holiday season. The Statistic Indonesia said the consumer price index (CPI) in December rose 0,71 per...

Morning Briefs – Jan. 2

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: National Car Esemka to be Launched in 2018 National car "Esemka" to be be launched in mid-2018 produced by PT Adiperkasa Citra Lestari,...

Indonesian Stock Exchange Index Ends 2017 at Record High

JAKARTA (TheInsiderStories) – The Indonesian Stock Exchange Composite Index or the Jakarta Composite Index (JCI) closed at all-time high on Friday (29/12), as President Joko Widodo attended the closing trading  ceremony. The Jakarta Composite Index...