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)—The airline industry had been facing tough time during the first quarter of 2018, due to the problems which are mainly concerned with operational costs, supporting infrastructure, and management issues. The airline companies must also brace themselves for the ASEAN Single Aviation Market---also known as the ‘ASEAN Open Sky...
JAKARTA (TheInsiderStories) – Indonesia has witnessed the rise of ‘sharing economy’ business model over the past five years or so, in particular in areas of transportation, tourism, finance, and retail sector. The business model has also been adopted in other business sectors. The term sharing economy refers to an economic...
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...
JAKARTA (TheInsiderStories) - Indonesia's State Own Enterprises (SOEs) ministry reappointed Sunarso as vice president (VP) director of PT Bank Rakyat Indonesia Tbk (IDX: BBRI), who left the position through decision on Oct. 18, 2018. The decision has been taken at the extraordinary shareholders meeting on Thursday (01/03). Sunarso was born...
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) - Indonesian Financial Services Authority (FSA) will revise the minimum capital requirement for market risk, said one senior official last week. The policy taken after the meeting of the Basel Committee on Banking Supervision in Basel, Swiss. FSA' chairman Wimboh Santoso stated, the first agreement is a revision...
JAKARTA (TheInsiderStories)—Indonesia has an ambitious goal to increase the share of renewable energy in the country’s energy mix to 23 per cent by 2025. But the country has so far been moving at a snail’s growth in the development of renewable energy. The country’s energy mix currently only reached 11-12%....
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) - 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...

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Insight: The Indo-Pacific Cooperation's Significance for Indonesia

Insight: The Indo-Pacific Cooperation’s Significance for Indonesia

JAKARTA (TheInsiderStories) – Indonesia held a High-Level Dialogue on Indo-Pacific Cooperation (IPC) in Jakarta on March 20, 2019, with the theme "Towards a Peaceful,...
Indonesia Initiates Indo-Pacific Cooperation to Maintain Economic Stability

Indonesia Initiates Indo-Pacific Partnership to Maintain Economic Stability

JAKARTA (TheInsiderstories) – In the midst of various global economic uncertainties, Indonesian government sees the importance of the Indonesia-Pacific region partnership that is home to...
Bank of Japan Maintains Negative Interest Rate

Japan February Inflation Rate Weaker than Estimated

JAKARTA (TheInsiderStories) - Statistics Japan shows that the country' annual inflation lowered to 0.7 percent in February from 0.8 percent in a month earlier....
PM May and EU Parliament Gets “Two New Deadlines” after Crisis Talks

May, EU Parliament Sets New Deadlines for Brexit

JAKARTA (TheInsiderStories) – European Union (EU) Parliament finally gave a two-tier extension for United Kingdom (UK) Prime Minister Theresa May' Brexit planned by softening the...
Boeing Suspends the Operations of 371 MAX 737 Aircraft

Two Indonesia’s Airlines Cancels Boeing Purchase Plans

JAKARTA (TheInsiderStories) - Two flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) and PT Lion Mentari Airlines had canceled Boeing 737 Max 8 booking. The...

Moody’s Revises Indosat Ooredoo’s Outlook to Negative

JAKARTA (TheInsiderStories) -  Moody's Investors Service ("Moody's") has revised the outlook on P.T. Indosat Tbk' (lndosat Ooredoo) ratings to negative from stable. At the same...