JAKARTA (TheInsiderStories) - Local investment company, PT Pelabuhan Indonesia Investama (PII) budgeted capital expenditure around Rp1.4 trillion (US$96.55 million) in 2019. In the interview with us, President Director PII Randy Pangalila said the company eyes Shipping, loading and unloading companies, industrial estate areas, utilities, and others. Its holding, state-owned operator PT Pelabuhan Indonesia...
JAKARTA (TheInsiderStories) - Minister of Energy and Mineral Resources Ignasius Jonan has appointed Dwi Soetjipto as Head of the Special Task Force for Upstream Oil and Gas Business Activities. He replaces Amien Sunaryadi, who retired on Nov. 18, 2018. Soetjipto once served as President Director of state-owned energy producer PT...
JAKARTA (TheInsiderStories) — Indonesia' President Joko Widodo officially inaugurated Lieutenant General Andika Perkasa as Chief of Staff of the Indonesian Army at the Presidential Palace. He replaced the retired-General Mulyono, who entered the retired period. “We see Perkasa’s track record in Kopassus (Special Forces Command), others and also the president's...
JAKARTA (TheInsiderStories) - Head of the Investment Coordinating Board Thomas Trikasih Lembong appointed four new deputy at his agency on Monday (19/11). The four new officials are Chief Secretary Andi Maulana, Deputy for Investment Planning Ikmal Lukman, Deputy for Investment Promotion Farah Ratnadewi Indriani and Deputy for Investment Services Husen...
JAKARTA (TheInsiderStories) - Hengky Koestanto, former of PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA) commissioner, assigned as a new President Director. The company claimed that the decision met with no protest from the shareholders at the extraordinary meeting on Monday (22/10). The new-elect president director is considered having the needed experience...
JAKARTA (TheInsiderStories) - Indonesian cellular operator, PT Indosat Ooredoo Tbk (IDX: ISAT) has elected its new Board of Directors and Commissioners, in extraordinary general meeting of shareholders held Wednesday (16/10). Chris Kanter, was appointed as President Director. Who is this man? Kanter was previously Indosat Ooredoo Commissioner for 8 years. He is a...
JAKARTA (TheInsiderStories) -  State owned Enterprise (SOEs) Ministry has appointed Arief Budiman as a new chief executive of PT Danareksa on Thursday (13/09). He replaces Heru Adhiningrat who had been leads the state-owned financial services firm for nine years. The former Finance Director of energy producer PT Pertamina Arief Budiman has resigned today...
Cengkareng (TheInsiderStories) - Government has picked I Gusti Ngurah Askhara Danadiputra  as a new chief executive of PT Garuda Indonesia Tbk (IDX: GIAA), replacing Pahala N. Mansury who served since April 2017. State-owned Enterprises Minister Rini Soemarno explained, the reason for the removal of Merit inseparable from factors of each individual...
JAKARTA (TheInsiderStories) - Shareholders of PT Perusahaan Gas Negara Tbk (IDX: PGAS) has appointed Gigih Prakoso, an Investment and Risk Management of state-owned energy producer PT Pertamina, as a new president director, said the company on Monday (10/09). He replaced the former president Jobi Triananda. Fajar Harry Sampurno,  deputy of Strategic...
JAKARTA (TheInsiderStories) – Chevron IndoAsia Business Unit (IBU) named Kevin Lyon as a Managing Director, effective Oct. 1, 2018, said the company on August 29. Lyon, 52, succeeds Chuck Taylor who will retire from Chevron in early 2019 after 38 years of distinguished service to pursue other opportunities. Lyon will oversee...

Latest article

Indonesia Gets Inflows of Foreign Capital Worth of US$ 3.27B

Indonesia Gets Inflows of Foreign Capital Worth of US$ 3.27B

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) noted that the inflows of foreign capital to the Indonesian market until Feb. 21, 2019 reached Rp 45.9...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years

US-China Trade Battle Hits Global GDP as Negative for 2-3 Years

JAKARTA (TheInsiderStories) – The ongoing trade battle between the United States (US) and the China presents obstacles to global manufacturing and international trade that...

Indonesia’s FIFAstra to Issues US$1.67M Bond

JAKARTA (TheInsiderStories) – Indonesian leasing company, PT Federal International Finance (FIF), which is known for its brand name FIFAstra, will enter capital market to issue...
Indonesia' anti-graft will Summon Samin Tan in Bribery Case

Indonesia’ anti-graft will Summon Tan in Bribery Case

JAKARTA (TheInsiderStories) – Indonesian anti-graft investigating team will summon PT Borneo Lumbung Energy & Metal owner Samin Tan to undergo a preliminary inspection following...

WTO Predicts Global Tensions Triggers Trade Weakness

JAKARTA (TheInsiderStories) – The World Trade Organization (WTO) predicted the trade tensions between the United States (US) and China, political risks and financial volatility...

Insight: Assessing Widodo’s Agrarian Reform Concept

JAKARTA (TheInsiderStories) – The five-year period of Joko Widodo - Jusuf Kalla' leadership was almost over. Since the beginning, the leaders has made agrarian...