Friday, August 23, 2019
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Linda Silaen

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The Insider Stories Founder Linda Silaen has a solid, proven history, established over more than a decade as a journalist with a leading internasional news organization, of being the first with the biggest economic news stories in Indonesia. Specializing in corporate news, Linda is also a veteran of some of the biggest macroeconomic and general news stories as Indonesia rapidly transforms into a major market economy. One of the founders of the original blog from which this company developed, Linda’s knowledge of investors’ information communications and data us developed from unrivaled networking skills that make her a well-known name among CEOs, bankers, government officials and private equity investors both in Indonesia and other countries.

Indonesia Arrests 34 People in Papua, West Papua Riots

JAKARTA (TheInsiderStories) - Indonesian government has arrested 34 people during the four days' riot in Papua and West Papua. Yesterday, antiracism protest continued in Papua for the fourth consecutive day amid the blackout internet access. On Thursday...

Morning Briefing: US Deficit US$1T in 2020, Indian Rupee Fell to the Lowest Level

JAKARTA (TheInsiderStories) - Good morning! United States deficit is estimating worth of US$1 trillion in 2020, as President Donald Trump cut the tax an spending policies, said the Congressional Budget office on Thursday (08/22). The...

Indonesia’s PTPP Eyes Krakatau Steel’s Subsidiaries

JAKARTA (TheInsiderStories) - PT PP Tbk (IDX: PTPP) interested to acquire PT Krakatau Tirta Industri (KTI), unit of PT Krakatau Steel Tbk (IDX: KRAS), local media reported. Last July, the steel producer announced to divest its...

Walujo, Ng Buys 51% Bank Artos Indonesia Shares

JAKARTA (TheInsiderStories) - Two Indonesian businessmen, Patrick Walujo and Jerry Ng is reported will acquired 51 percent of publicly listed lender, PT Bank Artos Indonesia Tbk (IDX: ARTO) from the existing shareholders Hardy family. Based...
Indonesia's Forex Reserves US$123B in February

Morning Briefing: Investor Attention on BI, Fed’s Split Over the US Interest Rate

JAKARTA (TheInsiderStories) - Good morning! This afternoon, board of governors Bank Indonesia (BI) will announce their monetary policy stance. Last July the central bank has cut the BI-7DRR to 5.75 percent after hold the rate...

Indonesia’s Wika Beton Targeting Sales, Contract Grow 15%

JAKARTA (TheInsiderStories) - PT Wijaya Karya Beton Tbk (IDX: WTON) also known Wika Beton, targeting every year the sales and contract of the company could grow around 15 percent until 2024. The target, said the management,...

Semen Indonesia Sees Cement Sales Grow 4% in 2019 – 2020

JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX: SMGR), state-owned cement producer, sees the national sales of cement only grow 4-5 percent in 2020, or almost flat compared to this year. Last year,` the national...

Morning Briefing: Italian Prime Minister Resign

JAKARTA (TheInsiderStories) - Good morning! Prime minister of Italy, Giuseppe stepped down in the culmination of a political crisis that was sparked since earlier this month. During his speech at the parliament, he blamed minister for...

Indonesia’s Sarana Menara Eyes Indosat’s Tower

JAKARTA (TheInsiderStories) - Local tower operator, PT Sarana Menara Nusantara Tbk (IDX: TOWR) also interested to acquire 3,000 towers owned by PT Indosat Ooredoo Tbk (IDX: ISAT). If it goes well, the total management of the...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years

Morning Briefing: US to Relieve Huawei Sanctions for Another 90 Days

JAKARTA (TheInsiderStories) - Washington relieved China’ Huawei Technologies Co., sanctions for another 90 days that had protected rural networks and other United States (US) customers from a ban on doing business with the company. Huawei responded that...

Telkom Indonesia Eyes Various Companies to Strengthening the Business

JAKARTA (TheInsiderStories) – Indonesian telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) admitted has joined other cellular provider PT Indosat Ooredoo Tbk (IDX: ISAT) bidding to acquire part of its towers. Beside Telkom, publicly...

Indonesia Targets to Develop 22 NSP Projects in 2020

JAKARTA (TheInsiderStories) - Indonesian government targeting to build 22 new infrastructure projects under National Strategic Projects (NSP) in 2020, said senior minister on Friday (08/16). From 223 projects in NSP' lists, he adds, around 100...

Weekly Briefing: Global Attention on G7 Summit and Monetary Policies

JAKARTA (TheInsiderStories) - Good Morning! An increasing uncertainty over the outlook of United States (US) monetary policy and heightened fears of potential economic recessions rattled financial markets around the world in this week. While, August PMI...

Indonesia Seeks Funds Over US$27B to Finance 2020′ Deficit

JAKARTA (TheInsiderStories) - Indonesian government seeks funding at least Rp389.3 trillion (US$27.42 billion) to finance the 2020 State Budget’ deficit, said finance minister today (08/15). Next year, the deficit is estimating around 1.76 percent...

Morning Briefing: Widodo will Announce 2020′ State Budget, New Capital City

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo will deliver his speech on the country direction in 2020 at the People's Consultative Assembly and House of Representatives. As he promised, the Indonesian leader also will announce...

Bayu Buana, Srilanka’s Apple Holidays Form JV to Tap Indonesian Market

JAKARTA (TheInsiderStories) - Indonesian travel services, PT Bayu Buana Tbk (IDX: BAYU) has formed a joint venture company (JVC) with inbound travel operators DMC Apple Holidays. The Sri Lanka-based company wants to tap the fast-growing...

Morning Briefing: Statistic Indonesia Announces Export Import Data

JAKARTA (TheInsiderStories) - Good Morning! Statistic Indonesia will announce the latest export import data in July of 2019. Last month, the country’ trade surplus narrowed to US$200 million from a $1.71 billion in the same...

Morning Briefing: Argentina Become the World’s Problem Again

JAKARTA (TheInsiderStories) - Good Morning! Concern over President Mauicio Macri' future hit the Argentina’ financial markets, sending the Peso dropped 4.29 percent to US$55.9 and S&P Merval Index plunging 48 percent in dollar terms....

Indonesia Alerts on Renmimbi, Hong Kong Riots Development

JAKARTA (TheInsiderStories) - President Joko Widodo evaluated the impact of  Renmimbi (RMB) movement, Hong Kong riots and other global issues on Indonesian economy, said an economic minister today (08/13). As known, United States (US)...

Trump, Tanoesudibjo Build Trump Residences in Lido and Bali

JAKARTA (TheInsiderStories) - Trump Foundation and its partner Indonesia' property developer PT MNC Land Tbk (IDX: KPIG) build luxurious resort and residences Trump Residences in Lido, West Java and Tabanan, Bali. The projects is estimating...

Morning Briefing: Widodo Wants B30 Use Starting January 2020

JAKARTA (TheInsiderStories) - Good Morning! Indonesian president Joko Widodo wants diesel with 30 percent bio-content (B30), to be in use by January 2020 to rise palm oil consumption and reduce fuel imports. Indonesia currently has a...

16 Companies Ready to go IPO in Indonesia Stock Exhchange

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) reported 16 companies ready to hold an initial public offering (IPO) in the second semester of 2019. The companies engaged in various industry, said IDX' director I...

Weekly Briefing: Various Economic Data Become Investors’s Attention This Week

JAKARTA (TheInsiderStories) - Good Morning! This week various economic data around the globe to be notice by investors and will affect the financial markets. On Thursday, Statistic Indonesia will announce export import data, debt exposure and...

Warjiyo Optimistic CAD Ended 2.8% by the End of 2019

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI) Perry Warjiyo still optimistic current account deficit (CAD) will ended at 2.8 percent by the end of this year, even in the first half of 2019 the position...

Morning Briefing: Indonesia’s BoP Releases Today, Widodo Met Mahathir

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will release Balance of Payment (BoP) data in the second of quarter of 2019 today. Last quarter the BoP stood at US$2.4 billion and the current account deficit (CAD)...

Japan, South Korea’s Investors Plans to Build Electronic Factory in Indonesia

JAKARTA (TheInsiderStories) - Investor from Japan and South Korea aimed to build electronic factory in Indonesia, government official told TheInsiderStories early this week. Currently, the  government is working hard to bring in investors to the...

Morning Briefing: President Widodo Make a Visit to Malaysia, Singapore

JAKARTA (TheInsiderStories) - Starting today, Indonesian President Joko Widodo will make a visit to Malaysia and Singapore. The leaders is estimating will discuss various issues around the region, especially on haze problem. On Monday, Widodo has ordered...

Morning Briefing: Forex Reserves Data Out Today, Johnson Calls Widodo

JAKARTA (TheInsiderStories) - Indonesian central bank will announce the foreign exchange (forex) reserves data today. Last month, the forex reserves recorded worth of US$123.8 billion, up 2.9 percent compared to May, 2019 which amounted to...

PBoC Plans to Sell US$4.27B Notes to Improves the Yield

JAKARTA (TheInsiderStories) - People's Bank of China (PBoC) will sell RMB30 billion (US$4.27 billion) worth of Yuan-denominated securities in Hong Kong on August 14, to improve the yield curve the bonds, the central bank announced...
Indonesian Digital Banking will Grow Rapidly in Coming Years

Morning Briefing: US – China Getting Fiercer, Financial Market is Battered

JAKARTA (TheInsiderStories) - Most of financial market in the world plummeted after China struck back United States (US) President Donald Trump' threatened to impose another 10 percent tariffs for US$300 Chinese goods on September. Demand...