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Policy Review: Uncertain Parameters on Indonesia E-commerce Roadmap

JAKARTA (TheInsiderStories) – Indonesian President Joko Widodo has finally certified the long-awaited ‘e-commerce roadmap’ first drafted in 2016. The main objective of this guidance is to boost e-commerce sector growth, with a long-term goal...

Launching The Insider Stories & TIS Intelligence

JAKARTA (TheInsiderStories) - Insider Network manages its services with the objective of enhancing the performance and investment quality in Indonesia. Founded in 2013, the new group provides global integrated strategic communication services operating in Indonesia. We are...

Encouraging Signs in Nickel Smelter Development, But Exports Slow

JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry has recorded an encouraging progress of nickel smelter development as reflected in the amount of investment in the sector. However, nickel exports were far lower...

Amman Mineral Gets Permit to Build Copper Smelter

JAKARTA (TheInsiderStories) - The construction pof copper smelter facility of PT Amman Mineral Industri (PTAMIN), an affiliated company of PT Amman Mineral Nusa Tenggara, will soon be realized upon completion of the review on Environmental Impact Analysis, Environmental Management Plan...

Digital Firm Cash Integrasi Acquires 25% Shares of 24Print

JAKARTA (TheInsiderStories) - Digital kiosk firm P M Cash Integrasi (IDX:MCAS) has acquired 25 per cent shares of digital printing service provider PT 24Print (24Print.id). In a filing to the Indonesian Stock Exchange (28/12),...

Railway Firm KAI Gets Rp19.25T Syndicated Loan for LRT Project

JAKARTA (TheInsiderStories) - State-owned rail operator PT Kereta Api Indonesia (KAI), the operator of the Greater Jakarta Light Rail Transit (LRT), on Friday, signed loan syndication worth Rp19.25 trillion from 12 banks. The funds...

Morning Briefs – Dec 29

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Sawit Sumbermas Net profit soars PT Sawit Sumbermas Sarana Tbk (SSMS) booked the net profit of Rp 628.15 billion in...

Bakrie’s Unit Seeks Funds US$300 Million

JAKARTA (TheInsiderStories) - Publicly listed PT Intermedia Capital Tbk (IDX: MDIA) announced will issue global bonds worth US$300 million to restructure its business entity liabilities, the company said in prospectus on Dec.28. The global bond...

BI Stance for Next Year: Maintain Growth Momentum

JAKARTA (TheInsiderStories) – The Indonesian central bank (BI), revealed its future policy directions for 2018, vowing to maintain sustainability and strengthen the momentum of domestic economic recovery. Since 2016, BI has cut its rate by...

Holding Down Strategic Industry Gas Price a Hard Job

JAKARTA (TheInsiderStories) – The Indonesian government’s drive to depress the price of gas sold to strategic industries, as mandated by Presidential Decree Number 40, 2016, has proven to be a serious challenge. The decree is...

IDX Composite Index Records All Time High

JAKARTA (TheInsiderStories) - The Indonesian Stock Exchange Composite Index (JCI) has recorded an all-time high on Thursday (28/12), approaching the 6,300 points level. The JCI closed up 10.37 points or 0.17 per cent at 6,287.535,...

Pertamina Targets Iran’s Oilfield Acquisition Completed in April

JAKARTA (TheInsiderStories) - PT Pertamina, the largest oil and gas producer in Indonesia, expects to complete its planned acquisition of an operating interest in Iran's Mansouri oilfield in April next year.  The block is expected...

Japan’s INPEX Releases Mahakam and Attaka Blocks after 2018

JAKARTA (TheInsiderStories) - Japan's INPEX Corp. will release its interests in two production-sharing contracts (PSC), namely the offshore Mahakam Block and the Attaka Block located in East Kalimantan, both of which are due to...

Morning Briefs – Dec. 28

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: India's Balmer Divest 50% Indonesian Unit Shares Balmer Lawrie & Co Ltd, unit of the Ministry of Petroleum & Natural...

Sumitomo Gives Rp4.05 Trillion Syndicated Loans for LRT Project

JAKARTA (TheInsiderStories) - Japan-based bank Sumitomo Mitsui Indonesia has agreed to sign deal in syndicated loans valued Rp4.05 trillion with PT INKA (Persero), PT Bank Negara Indonesia (Persero) Tbk, PT Sarana Multi Infrastruktur (Persero) to...

Indonesia Holds Energy Price But for How Long?

JAKARTA (TheInsiderStories) - The global oil price has been picking up to above the government’s assumption set in the state budget, prompting speculation that the government would raise domestic retail fuel price. However, Minister for...

KinerjaPay Appoints Blockchain, Fintech Global for Token Payment Platform

JAKARTA (TheInsiderStories) - KinerjaPay Corp. (OTCBB: KPAY), an Indonesian-based secure digital payment and e-commerce platform, announced its initial coin offerings (ICO) sale plan. KinerjaPay is planning to raise up to US$5 million from its impending ICO. The ICO, or...

Hutama Karya Get Syndicated Loans Rp8 Trillion from Seven Major Banks

JAKARTA (TheInsiderStories) - Seven major banks give credits Rp8 trillion (US$592.59 million) for state-owned toll operator PT Hutama Karya to finance Bakauheni-Terbanggi Besar toll road project (part of the Trans Sumatra Toll Road), said the company...

Indonesia Moves Ahead with US$568.3M Multi-Function Satellite

JAKARTA (TheInsiderStories) - The Indonesian government has made progress with its plan to send up a multi-function satellite, worth Rp7.7 trillion (US$568.3 million), with the aim of upgrading connectivity across the archipelago, in particular...

Japan’s BTMU Buys 73.8% Bank Danamon Shares for US$5.9 billion

JAKARTA (TheInsiderStories) - Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) has agreed to acquire 73.8 per cent or a majority stake of PT Bank Danamon Indonesia Tbk (IDX: BDMN), that will be purchased in three phases. Based on...

Daily Business Briefs – Dec. 27

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Indofood CBP Buys Asahi shares for US$20 Million PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), a listed food and...

Mastercard: Expectations on Economic Growth Optimism Levels Encouraging Young People in Asia Pacific

Indonesia remains the optimistic zone despite a slight decline of 6.9 points to 67.9 points compared to the first half of 2017 Jakarta - According to a recent study of Mastercard Consumer Confidence Index, the level...

Tokyo Century, Lippo Develop Fintech Bussiness in Indonesia 

JAKARTA (TheInsiderStories) - Japan's Tokyo Century Corp. has made an additional strategic investment in PT Bumi Cakrawala Perkasa (BCP), a shareholding company of Indonesia’s leading conglomerates Lippo Group’s electronic money and point services company. Total investment of this...

Daily Business Briefs – Dec. 26

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Bitcoin Price Drops in 3rd week December Bitcoin price was dropping on a daily basis in the third week of...

Medco Completes $195M Rights Issue

JAKARTA (TheInsiderStories) - Indonesia oil and gas company PT Medco Energi Internasional Tbk (IDX:MEDC) has raised Rp2.64 trillion or US$195 million from a rights issue, the proceeds of which will be used for refinancing....

Indonesian Port Companies Establish JV to Manage Port Operations

JAKARTA (TheInsiderStories) – Indonesian state-owned port companies Pelindo I and Pelindo II have set a plan in motion to establish a joint venture company (JVC) to develop and manage ports in Indonesia. The cooperation has...

Faik Fahmi Appointed as Angkasa Pura I New CEO 

JAKARTA (TheInsiderStories) - Minister State-Owned Enterprises (SOEs) Rini Soemarno on Friday (22/12) installed Faik Fahmi as new Chief Executive Officer (CEO) of Indonesian airport operator PT Angkasa Pura I (Persero), replacing Danang Baskoro who...

Indonesia Government Lauds Fitch ‘Sovereign Rating’ Upgrade

JAKARTA (TheInsiderStories) - The Indonesian Economic Minister has lauded the decision of the International rating agency, Fitch Ratings, to have upgraded Indonesia’s Sovereign Rating, much earlier than expected. The move is expected to further...

U.S Economy Grows 3.2% on Q3

JAKARTA (TheInsiderStories) - The U.S. economy grew at fastest pace in more than two years in the third quarter (July-September), supported by robust business spending. Gross Domestic Product expanded at a 3.2 per cent annual rate...

Adaro Eyes Power Plants Projects In Asian Region Followed Arindo’s IPO

JAKARTA (TheInsiderStories) - President Director of publicly-listed PT Adaro Energy Tbk (IDX: ADRO) Garibaldi ‘Boy’ Thohir is eyeing power plant projects in Vietnam, Laos, Myanmar and other regional nations, looking to enter global market through...