Sunday, June 16, 2019
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Lexy Nantu

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Insight: Measuring Opposition’s Challenge in Court High Table

JAKARTA (TheInsiderStories) - The first stage of the dispute resolution session for the 2019 presidential election began today (06/14). This preliminary hearing will invite applicants, defendants, related parties, and the Election Supervisory Agency. The...

Indonesia Claims to Save Fuel Imports US$4.90B with B30

JAKARTA (TheInsiderStories) - Indonesian government claimed that it can save the cost of importing diesel fuel around Rp70 trillion (US$4.90 billion) by using 30 percent biodiesel (B30). Yesterday, energy and mineral resources ministry launched...
Indonesia's Digital Industry Potentially Grew of US$150 B in 2025

Indonesia Incentivizes Industry with Super Deductible Tax

JAKARTA (TheInsiderStories) - Indonesia will soon ratify fiscal incentives for the processing industry in the form of super deductible tax, said industry minister on Thursday (06/13). It said, industries that invest in vocational and...

Indonesia’s Forex Reserves Slid to US$120B in May

JAKARTA (TheInsiderStories) - Indonesia’s foreign exchange reserves stood at US$120.3 billion in May, lower $4 billion than the $124.3 billion recorded a month earlier, Bank Indonesia (BI) announced today (06/13). The central bank noted the position...

Draghi, Lagarde Warn against Escalating Trade Disputes

JAKARTA (TheInsiderStories) - Mario Draghi, the president of the European Central Bank (ECB) and Christine Lagarde, the managing director of the International Monetary Fund (IMF) have warned that there are troubling developments arising from increased...

Global Foreign Investment Falls for Third Consecutive Year, says United Nations

JAKARTA (TheInsiderStories) - Global foreign direct investment (FDI) flows slid by 13 percent in 2018, to US$1.3 trillion from $1.5 trillion the previous year – the third consecutive annual decline, a United Nations (UN)...

Insight: Indonesia’s Economy Looks in Widodo’s Second Term

JAKARTA (TheInsiderStories) - Joko Widodo has just been re-elected for the second term as Indonesia's president, according to the election commission official announced, beating Prabowo Subianto, his challenger. It gives Widodo another five years...

Indonesia’s Consumer Confidence Index Rises In May

JAKARTA (TheInsiderStories) - Indonesia' consumer confidence index edged up to 128.2 in May 2019 from 128.1 in the previous month, reaching the highest reading since the series began in June 2000, said the central bank today...

Indonesia Lowering Biofuel Benchmark Prices in June

JAKARTA (TheInsiderStories) - Indonesian government lowered basic index price for biodiesel to Rp6,977 (US$0.48) per liter but raised bioethanol price to Rp10,201 a liter, energy and mineral resources (EMR) ministry said on Wednesday (06/12). The ministry noted,...

S&P Upgrades Indonesia’s Cikarang Listrindo Debt Securities

JAKARTA (TheInsiderStories) - The international rating agency, Standard and Poor’s (S&P) Global Ratings upgraded PT Cikarang Listrindo Tbk (IDX: POWR) debt securities grade from BB to BB+, the highest in the company's achievements. In a...

Indonesia, Chile Trade Agreement will Effective in August

JAKARTA (TheInsiderStories) - Indonesia and Chile agreed to accelerate the implementation of trade agreements between the two countries through the Comprehensive Economic Partnership Agreement (IC-CEPA). Its projected, the cooperation agreement will take effect next...

Indonesia Cuts June Coal Benchmark Price to US$81.48 a Ton

JAKARTA (TheInsiderStories) - Indonesian government has set its coal benchmark price for June at US$81.48 per ton, sliced 0.46 percent from May at $81.86 a ton, energy and mineral resources (EMR) ministry said on...

China’s Trade Surplus US$41B in May

JAKARTA (TheInsiderStories) - China's trade surplus increased to $41.7 billion (Rp592.14 trillion) in May, up to $27.9 billion from the previous month. The year-to-date surplus was $361.1 billion, larger than that of the same...

Japan’s Real GDP Growth Slightly Up 2.2% in 1Q

JAKARTA (TheInsiderStories) - Japan’s real GDP growth for the first quarter (Q1) of 2019 was revised up marginally to 0.6 percent quarter to quarter (q/q), or 2.2 percent q/q annualized, from 0.5 percent q/q,...

Insight: Indonesia’s Prospect After Wins Rating Upgrade

JAKARTA (TheInsiderStories) - Indonesia' investment outlook is expected to increase after three international rating agencies - Standard & Poors Global Ratings (S&P), Moody's and Fitch - raised the ratings for its strong economic growth...

G20 Economic Leader Vows to Deal with Trade War Risk

JAKARTA (TheInsiderStories) - Finance ministers and central bankers from the Group of 20 (G20) agreed to address global trade and geopolitical tensions, which show no signs of abating, could propel the world economy into a crisis,...

US, Mexico Agrees to Indefinitely Suspend Tariffs

JAKARTA (TheInsiderStories) - United States (US) President Donald Trump has announced that the tariffs was planning to begin collecting on all Mexican goods starting today have been "indefinitely suspended" as Mexico' complies to...
Senate Set to Reject Trump National Emergency Declaration

Trump Uses Tariffs to Force Immigration Changes

JAKARTA (TheInsiderStories) - United States (US) President Donald Trump would impose a 5 percent tariff on June 10 for all goods entering from Mexico, unless it stopped the flow of illegal immigration to the...

IMF Warns US Economy Weakens by Escalating Trade Wars

JAKARTA (TheInsiderStories) - The United States (US) economy is expanding faster than any other advanced nation, and in weeks will hit a historic milestone, but the International Monetary Fund (IMF) is warning it could...

ECB Extends Low Rate Amid Eurozone Inflation Weakening

JAKARTA (TheInsiderStories) - The European Central Bank (ECB) has taken action to support the economy in the 19-countries eurozone, joining other major central banks like the United States (US) Federal Reserve, to responding the...

Japan, US will Hold Working-Level Trade Talks to Soon Reach Deal

JAKARTA (TheInsiderStories) - Japan and the United States (US) will hold working-level talks on trade in the United States on June 10-11, Japan’s economy minister, Toshimitsu Motegi, said on Tuesday (06/4). During the talks, the two...

Trump Pushes Brexit No-Deal, Offers Trade Deal to UK

JAKARTA (TheInsiderStories) - United States (US) president, Donald Trump encouraged the United Kingdom (UK) to walk away from any negotiations with the European Union (EU), if they are unable to secure a favorable Brexit...

S&P Takes Rating Actions On Nine Indonesian Companies

JAKARTA (TheInsiderStories) - Along with the increase in Indonesia's long-term debt rating, Standard and Poor's (S&P) Global Ratings took rating actions on nine companies in Indonesia and the bonds they issued or guaranteed by...

Indonesia’s Oil and Gas Exploration Still Competitive, says IPA

JAKARTA (TheInsiderStories) - Indonesia Petroleum Association (IPA) is optimistic that the government can increase the interest and enthusiasm of global oil and gas investors to carry out exploration and exploitation in the country. IPA' President...

Indonesia Wants to Become Manufacturing Hub in ASEAN

JAKARTA (TheInsiderStories) - Indonesia targeting to become a manufacturing hub in Southeast Asian (ASEAN) region with several industrial sectors that have deep structures, ranging from upstream to downstream in automotive, textile and garment, food and...

S&P Raises Indonesia’s Rating to ‘BBB’ on Strong Economic Prospects

JAKARTA (TheInsiderStories) - Rating agency Standard & Poor’s Global Ratings (S&P) said on Friday (05/31) it had raised Indonesia’s sovereign credit rating to ‘BBB’, citing the country’s strong economic growth prospects and supportive policy...

Garuda Indonesia Assumes Australian Court Fines Unfair

JAKARTA (TheInsiderStories) - Management of PT Garuda Indonesia Tbk (IDX: GIAA) assessed the Australian federal court's decision to order state-owned flight carrier to pay penalties of US$13.2 million (Rp189 billion) for colluding on fees...

EV Growth Closes First Fund at US$200M

JAKARTA (TheInsiderStories) - Singapore-headquartered venture capital (VC) firm EV Growth has hit the close of its inaugural fund at US$200 million (Rp2.9 trillion), exceeding the firm’s initial US$150 million targets. This oversubscribed fund is supported...

Indonesia, US Looks to Improve Defense Cooperation

JAKARTA (TheInsiderStories) - United States (US) looks to improve defense cooperation with Indonesia, especially related to security stability in the Indo-Pacific region and the resolution of the South China Sea conflict. This was raised...

Indonesia to Improves Its Shipping Industry With New Blockchain

JAKARTA (TheInsiderStories) – Singapore-based block chain firm PLMP Fintech Ltd., and PT Central Distribusi Batam will participate in a multi-million logistics project in partnership with Indonesian government. The memorandum of understanding of the Collaborative...