Briefs

by Henry BL Toruan, PHD What is sharing economy? Sharing economy is a term with a range of meaning including open source, on-line collaboration, file sharing, peer-to peer transaction, and many more. Most scholars identify the so called 'sharing economy as 'collaborative consumption' (CC) which is essentially the peer-to-peer based...

JAKARTA (TheInsiderStories) – State-owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has submitted a proposal for a US$700 million loan to China Development Bank (CDB), related to funding the construction of Indonesia-China high-speed railway connecting Jakarta and Bandung, West Java. Bintang Perbowo, President Director of WIKA said the company with the completion of the entire...

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) - 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)— 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) - The construction pof copper smelter facility of PT Amman Mineral Industri (PTAMIN), an affiliated company of PT Amman Mineral Nusa Tenggara, will soon be realized upon completion of the review on Environmental Impact Analysis, Environmental Management Plan and Environmental Monitoring Plan documents carried out by the regional government of West Nusa Tenggara. Imron Gazali,...

JAKARTA (TheInsiderStories) - State-owned railway operator PT Kereta Api Indonesia (KAI) plans to generate Rp2 trillion (US$140 million) from its second corporate bond issuance, as it seeks a sizeable amount of funds for the replacement of obsolete train cars this year. The company needs to replace about 1,000 train cars to...

JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund 32 kilo meters Salatiga-Kartasura toll road in Central Java. The syndicated lenders are PT Sarana Multi Infrastruktur (SMI), PT Bank of Tokyo Mistsubishi UFJ Jakarta Office,...

JAKARTA (TheInsiderStories) - Indonesia's biggest consumer goods company Unilever Indonesia booked Rp 7 trillion (approx. US$ $515 million) in net profit over full-year 2017, up 9.6 percent year-on-year (y/y) from net profit in the preceding year. The company's net profit growth was supported by a 2.9 per cent (y/y) increase in...

JAKARTA (TheInsiderStories) - Diversified group PT Barito Pacific Tbk (IDX:BRPT) announced a plan on Monday to raise US$1 billion from rights issue. The company said it will issue 5.6 billion new shares with a nominal price of Rp500 per share. The existing shareholders who are declined to exercise their rights...