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Lippo reveals plan to develop Rp278T new satelite city Meikarta in West Java

JAKARTA (TheInsiderStories) - Lippo Group on Thursday (May 4) revealed its plan to develop new satellite town in West Java, on the Jakarta-Bandung corridor, with estimated investment of Rp278 trillion. The new satellite town...

Waskita offering 17 toll roads to investors to raise funds

JAKARTA (TheInsiderStories) - PT Waskita Karya Tbk (IDX: WSKT), state-owned construction firm, is offering stakes in its 17 toll roads to investors in order to raise fresh funds to build new toll roads. The move is...

The Insider Stories Morning Notes – JCI expected to move sideways, players await new...

JAKARTA (TheInsiderStories) -  Indonesian shares are expected to move sideways today as market players are awaiting for fresh leads to make aggressive moves. Trading is likely to focus on stocks that are expected to perform...

Bumi Resources Minerals sell Dairi Prima to China Nonferrous

JAKARTA (TheInsiderStories) -Gain and Win Pte. Ltd, an affiliated of PT Bumi Resources Minerals Tbk (IDX: BRMS) sell 51 percent shares of zinc-lead silver mining unit PT Dairi Prima Mineral to China Nonferrous Metal Industry’s Foreign...

Minister Jonan urges Inpex to finalize pre-FEED of Masela Block

JAKARTA (TheInsiderStories) - The Indonesian Energy and Mineral Resources Minister (ESDM) Ignasius Jonan is urging Inpex Corporation, a giant oil and gas company of Japan, to accelerate the pre-FEED (front-end engineering design) for the...

Toba Bara sets capex of US$60-65M in 2017, Q1 sales down 1.4%

JAKARTA (TheInsiderStories) - PT Toba Bara Sejahtra Tbk (IDX:TOBA), a coal producer,  said it has set aside capital expenditure (Capex) for 2017 at US$60-65 million, of which 85-90 percent will be allocated for the...

Sarana Menara purchases 13.32% shares from shareholders for US$406 million

JAKARTA (TheInsiderStories) - Publicly listed tower operator, PT Sarana Menara Nusantara Tbk (IDX: TOWR) purchase 1.35 billion shares or representing 13.32 percent of the total issued and paid up shares in the company from the shareholders....

Moody’s assigns (P)Baa3 rating to PLN’s proposed global MTN notes

Singapore -- Moody's has assigned a provisional (P)Baa3 rating to the proposed $2.0 billion global medium term notes (GMTN) programme of Perusahaan Listrik Negara (P.T.) (PLN). At the same time, Moody's has assigned a Baa3 rating to...

Chinese JD.com in talks to acquire major stake in Tokopedia

JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator Tokopedia. Sources indicate JD will invest of hundreds of millions of...

Citilink to serve Jakarta-Dili route from may 12

JAKARTA (TheInsiderStories) - Budget airline Citilink, a subsidiary of Indonesian flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) has revealed its plan to serve new international route, namely from Jakarta to Dili, the capital city of...

The Insider Stories Morning Notes – JCI expected to move sideways, awaiting for fresh...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today, as players are likely to refrain from making aggressive moves due to lack of strong fresh leads. Desmond Wira, a market analyst projected the JCI...

Sritex Q1 net profit rises by 7.8%

JAKARTA (TheInsiderStories) - Textile and garment producer PT Sri Rejeki Isman Tbk (IDX:SRIL) recorded net profit of US$17.7 million in the first quarter 2017, rose 7.8 percent from the same period last year of...

HK Realtindo developing 3 new property projects worth Rp1.9 trillion

JAKARTA (TheInsiderStories) - State owned property firm PT HK Realtindo, a subsidiary of state owned construction company PT Hutama Karya, has acquired a total of 80 hectares of land in three locations that will...

Indonesia records inflation of 0.09% in April

JAKARTA (TheInsiderStories) - Indonesia recorded slight increase of Consumer Price Index (CPI) in April 2017 by 0.09 percent month-to-month (mtm), driven by the decreasing price of staple foods which compensate the increasing price of...

 Garuda suffers net loss of $99.08m in Q1 on higher operating expenses

  JAKARTA (TheInsiderStories) - The newly appointed President Director of PT Garuda Indonesia Tbk (IDX:GIAA) Pahala N. Mansury, has one huge task on his hand, namely turning the company in green again after suffering net...

Bakrie Group, Century Properties develop several projects in Philippine

JAKARTA (TheInsiderStories) - Indonesian conglomerate Bakrie Group and The Century Properties group is entering a joint venture with  to develop several projects in the Philippines, local news agency reported. Century said that it signed a memorandum...

The Insider Stories Morning Notes – JCI expected to move higher, eyes on economic...

JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today supported by capital inflow. The gains may be limited as some players are likely to await for the release of economic data, including April...

Taiwan’s Kenda Rubber set up plant in Indonesia

JAKARTA (TheInsiderStories) - Kenda Rubber Industrial Co., Ltd., one of the two major tire makers in Taiwan, through its unit PT Kenda Rubber Indonesia has set up a plant, located in Serang of Banten Province. The new...

Japan’s Industrial Production declines milder than expected in March; uptrend likely to continue

By Harumi Taguchi, Principal Economist at IHS Markit   Key Points: Ÿ   Japan’s index of industrial production (IIP) fell 2.1% month on month (m/m) in March, following a 3.2% rise in the previous month. Ÿ   Although producers’ shipments...

President Joko Widodo lures Hong Kong investors to invest in Indonesia

JAKARTA (TheInsiderStories) - President Joko Widodo met with leading investor and businessman Li Ka-Shing in Hong Kong on Monday morning (May 1) as part of his overseas visit to lure foreign businessmen to invest...

Amman Mineral’s plan to develop $1.6b smelter plant moves ahead

JAKARTA (TheInsiderStories) - PT Amman Mineal Industri, previously known as PT Newmont Nusa Tenggara (NTT) is making progress with its plan to develop smelter plant with planned capacity of 2 million tons of copper concentrates...

PLN board conducting roadshow to market US$3b global bonds

JAKARTA (TheInsiderStories) - State electricity company PT Perusahaan Listrik Negara (PLN) board is conducting roadshow in a number of world's financial center including London and New York to market its plan US$3 billion bonds...

ASEAN’s leaders reaffirms ASEAN Community Vision 2025, discource peace in the peninsula

JAKARTA (TheInsiderStories) - Heads of State and Government of ASEAN member States reaffirmed their commitment that the ASEAN Community Vision 2025 and the United Nations 2030 Agenda for Sustainable Development will be implemented in a mutually-reinforcing manner...

Moody’s downgrades Lippo Karawaci to B1; outlook stable

Singapore, April 28, 2017 -- Moody's Investors Service has downgraded to B1 from Ba3 the corporate family rating of Lippo Karawaci Tbk (P.T.) and the senior unsecured rating of the bonds issued by Theta Capital Pte. Ltd....

Four SOEs offers asset-backed securities Rp15 trillion

BOGOR (TheInsiderStories) - Four state-owned enterprises (SOEs) will offer asset-backed securities with total amount Rp15 trillion in this year, said the minister last week. Power producer PT Perusahaan Listrik Negara (PLN) plan to raise funds...