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Jakarta
Monday, December 10, 2018
JAKARTA (TheInsiderStories) - Shares of Lippo Group companies would see some pressures also after reports that some of its key executives were arrested on bribery charges related to the construction of mega project Meikarta and its unit PT First Media Tbk (IDX: KBLV). The arrest would raise further doubts of the viability...
JAKARTA (TheInsiderStories) - Global investment firm KKR & Co. global investment company L.P. has increased it share ownership in the local food producer PT Nippon Indosari Corpindo Tbk (IDX: ROTI). The action to increase share ownership was carried out through Singapore's investment company Demeter Indo Investment Pte. Ltd. Citing on information...
JAKARTA (TheInsiderStories) –Finance Minister Sri Mulyani Indrawati has called for united efforts among all business players and the government to strengthen Indonesian economy amid mounting global pressures caused by hawkish move of the Us Federal Reserve and the trade war being waged by US President Donald Trump. Strongly felt in the...
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...

Latest article

Indonesia’s Galang Batang SEZ in Riau Officially Operating

JAKARTA (TheInsiderStories) - Coordinating Minister for Economic Darmin Nasution, last Saturday, inaugurated Galang Batang Special Economic Zone (SEZ) in Bintan, Riau Islands Province. The Development and...

OPEC Cuts Oil Productions 1.2 Million Barrels per Day

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC has agreed to cut oil production amid United States (US) President Donald Trump to...

Weekly Briefing: More Tense on US-China Trade War amid Huawei Top Official Arrest

JAKARTA (TheInsiderStories) — Good morning! The ongoing tariff trade war between the United States (US) and China may be in a ceasefire now but...

Taiwanese Pegatron Moves Factory to Indonesia as Trade War Bites

JAKARTA (TheInsiderStories) — The ongoing trade war between the United States (US) and China has impacted Taiwanese Pegatron Corp., who have decided to move one...

Income of Indonesian Life Insurance Slowing Down in 3Q 2018

JAKARTA (TheInsiderStories) - The Indonesian Life Insurance Association noted that total revenue from life insurance in the third quarter (3Q) of 2018 slowed 15.5...

Indonesian Forex Reserves Slightly Up to US$117.2B in November

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has noted that Indonesia's foreign exchange (forex) reserves stood at US$117.2 billion in November, slightly up compared to...