26 C
Jakarta
Wednesday, October 24, 2018
JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly to distribution problems. The use of B20 is aimed to reduce import of oil fuel, which is seen as the main factor causing the current...
JAKARTA (TheInsiderStories) – The House of Representatives’ Commission-XI, which is in charge of state budget, has approved the macroeconomic assumptions in the 2019 state budget with economic growth being targeted at 5.3 percent and inflation at 3.5 percent. During the hearing with the House’s state budget commission led by Commission-XI Chairman Melchias...
JAKARTA (TheInsiderStories) - Indonesia’ current account deficit widen to 3 percent of gross domestic product (GDP) or US$8.0 billion in second quarter (Q2) of 2018 inline with rising domestic economic activities, Bank Indonesia (BI) reported on August 10. But, during January to June, the CAD was still within the safe threshold...
JAKARTA (TheInsiderStories) - Good moring. Thursday was quite an eventful day and President Joko Widodo shows once again why he is a formidable politician by picking the influential cleric Ma’ruf Amin as his pair in the next 2019 Presidential Election. Any presidential hopefuls must register to the Election Commission today. Initially, Widodo appeared...
JAKARTA (TheInsiderStories)--Publicly listed tower operator PT Sarana Menara Nusantara Tbk (IDX: TOWR) plans to allocate Rp1.5 trillion (US$104.158 million) to buyback its 5 per cent share, according to the Indonesia Stock Exchange disclosure. TOWR will buy as many as 5 per cent of the company's issued and fully paid shares...
JAKARTA (TheInsiderStories)--The gas pipelines owned by the Chinese state-owned oil and gas company, China National Offshore Oil Corporation (CNOOC), leaked in the sea near Bojonegara, Banten, Indonesia. The leakage of undersea gas pipeline occurred at 10.00 am this morning (9/7). "There is a leakage of subsea gas pipeline 20 'OD...
JAKARTA (TheInsiderStories) - Indonesia publicly listed's PT Tower Bersama Infrastructure Tbk (IDX: TBIG) announces that it has closed its continuous Rupiah Bond worth of Rp608 billion (US$45.52 million) on Thursday (06/07). The July 2021's IDR Notes set a fixed interest rate of 8.50 percent for a tenor of three years and will...
JAKARTA (TheInsiderStories) - United States dollar and Wall Street gained after the European Central Bank (ECB) decided hold the interest rates on Thursday (14/06). The central bank said it will also remove its crisis-era stimulus program by the end of this year, a decade after the start of the euro zone's economic...
Singapore -- Moody's Investors Service says that the currency depreciation witnessed across Asia Pacific in recent months poses risks to the region's emerging and frontier markets. Sovereigns with high external financing needs are most exposed. Most currencies in APAC have depreciated against the US dollar this year, with the largest depreciations...
JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to market condition. Wika Realty has sent a letter to postpone the IPO, said Director of Corporate Assessment at IDX Samsul Hidayat on Tuesday (21/05). He added...

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Former Minister Reported Allegations of Import Corruption by Indonesian Gov’t Officials

JAKARTA (TheInsiderStories) - Former Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli reported eight alleged corruption related to food imports to the Corruption Eradication Commission (CEC). Deputy...

BI Holds Key Rate in October Meeting to Maintains Economic Stability

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Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

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Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

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Commonwealth Sell 80% Indonesian Unit to FWD Group for US$426M

JAKARTA (TheInsiderStories) - Australia's Commonwealth Bank (CB) today announced the sale of its 80 percent interest in its Indonesian life insurance business, PT Commonwealth Life (CL),...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...