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Jakarta
Saturday, August 18, 2018
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...
JAKARTA (TheInsiderStories)--PT Bank Mayapada International Tbk (MAYA) plans to raise a fund of Rp4 trillion (US$281.543 million) to Rp5 trillion (US$351.929 million) by issuing subordinate bonds and new shares. The company targets Rp2 trillion (US$140.732 million) from a rights issue and another Rp2-Rp3 trillion by issuing subordinate bonds. President Director...
JAKARTA (TheInsiderStories)--Publicly listed textile company PT Sri Rejeki Isman Tbk (IDX: SRIL) also known Sritex issues global medium-term note (MTN) with principal amount of US$25 million on this month. In announcement at the Indonesian Central Securities Depository on Thursday (17/5), Sritex said the notes will mature in 3 years with...
JAKARTA (TheInsiderStories)— Restaurateur PT Jaya Bersama Indo, famous for its Duck King outlets, planned to conduct initial public offering (IPO) this year. The company's Finance Director and Corporate Secretary of Jaya Bersama Indo Dewi Tio on Tuesday (08/05) said the IPO will take place as soon as an approval from...
JAKARTA (TheInsiderStories) - Indonesian former house speaker Setya Novanto faces 15 years detained after the Jakarta Corruption Court judges makes the decision on Tuesday (24/04). The court also revoked Novanto's political rights for five years time. Furthermore, the court also ordered him to pay Rp1 billion in fines and returns the money...
JAKARTA (TheInsiderStories) – Indonesian general insurer PT Asuransi Tugu Pratama Indonesia, which is majority-controlled by state-owned energy company PT Pertamina, will offer 282.35 million new shares to the public through an initial public offering on the Indonesia Stock Exchange. The number of shares offered to the public is equivalent to...

Latest article

Indonesia’s Bayan Buys 100% Kangaroo for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) to acquired 45 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Insight: 2019 State Budget is a Mixed Bag

JAKARTA (TheInsiderStories) - The government’s proposed 2019 State budget is quite uncommon. At first glance, the budget sends a message of fiscal moderation, with...

Indonesia Losses US$521M from Lombok Earthquake

JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the...

Qatar will Invests US$15B to Turkey

JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that...

Indonesian Businessmen Ready to Convert 50% Export Revenues to Rupiah

JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said...