Saturday, May 25, 2019
JAKARTA (TheInsiderStories) - Located along some of the world’s busiest sea lanes, Indonesia offers tremendous potential for marine transportation. With the spirit to dominate the vessel business in a maritime country, PT Humpuss Intermoda Transportasi Tbk., together with its subsidiaries, engages in sea transportation and other related activities in Indonesia. Originally,...
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) -  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...
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, with the world’s fourth-largest population, has an aggressive goal to increase the share of renewable energy in the country’s energy mix to 23 percent by 2025. With its overall potential to generate 788,000 megawatts (MW) through new and renewable energy, Indonesia is expected to serve as...
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 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) - Senior Economist for ASEAN at UBS Edward Teather sees Indonesian Rupiah could bounce back towards the level of Rp13,000 against U.S dollar, after recording a decline since last week. Based on Indonesian central bank data, Rupiah continues to drop to Rp13,750 per US dollar until today (7/3). The Indonesian...
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) - 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) - Sriwijaya Air, the third-largest airline in Indonesia, has decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange, moving to 2018 from an initial target set by the company for 2017. Chandra Lie, President Director of Sriwijaya Air, has admitted the airline needs more...
JAKARTA (TheInsiderStories) Indonesian state-controlled port operator PT Pelabuhan Indonesia III (Pelindo III) is considering selling up to US$1 billion of bonds in 2018 to strengthen its equity and enable refinancing. President Director I Gusti Ngurah Askhara Dana Diputra, popularly known as Ari Askhara, has an in-depth experiences in financial-related positions after...
JAKARTA (TheInsiderStories) - Ahead of 2019's Indonesia presidential, two candidates of presidents have openly show their interest to run for the chair. Joko Widodo, the incumbent and the leading figures of the former rival in 2014's president election Prabowo Subianto has declared their candidacy. Out of the two candidates, at least...
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) - 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)—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) - President Joko Widodo appointed and installed Inspector General of Police Heru Winarko at the State Palace in Jakarta on Thursday as the new Head of the National Narcotics Agency. Winarko is a former law enforcement deputy at the Corruption Eradication Commission, replaces Police Commissioner General...
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)  - A global asset manager Aberdeen Standard Investments (ASI) has named Omar S. Anwar as Country Head and Head of Distribution for Indonesia. The man with over 30 years' track record of leadership in Indonesia's financial services industry was also appointed as the President Director of PT Aberdeen...
JAKARTA (TheInsiderStories) - The third generation of Bakrie family now leads Bakrie Group businesses. As an oldest grandchild of the founder, Anindya Novyan Bakrie trusted to lead the group businesses to the new dawn. In the group, whose business interests control a number of public companies with a combined market capitalization around US$15 billion,...
JAKARTA (TheInsiderStories) – The Credit Suisse has just appointed Eric Winarta to leads Investment Banking & Capital Markets (IBCM) in Indonesia. With more than 19 years of experience in the investment banking sector, Eric will focus on driving the growth of the Credit Suisse IBCM business in Indonesia. Eric's appointment...
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) - Global alternative asset manager Carlyle Group LP (NASDAQ: CG) has hired Robby Winarta, a former Credit Suisse Group AG’s Indonesia investment-banking head, as Managing Director in Asia aims to step up its activities in Southeast Asia. Winarta, who has almost two decades of experiences in investment banking in Indonesia will be...
JAKARTA (TheInsiderStories) - PT Indosat Tbk (ISAT), the second-largest telecom player in Indonesia, reported 29 per cent growth in net profit, at Rp1.09 trillion (US$81.34 million) for Jan-Sep 2017, compared to the same period last year, supported by better revenues and higher cost efficiency. The company's revenues rose 4.8 per...
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) - Coordinating Minister for Economic Affairs Darmin Nasution has appointed Edy Putra Irawady to lead Batam Indonesia Free Zone Authority (BIFZA). The appointment was part of the transitional program before handed over to the the Mayor of Batam. In a limited meeting on Dec. 12, 2018, President Joko Widodo has decided to...
JAKARTA (TheInsiderStories) - After left PT Bank Rakyat Indonesia Tbk (IDX: BBRI), Kuswiyoto has appointed by State Own Enterprises ministry to lead pawnshop company PT Pegadaian. He replaced Sunarso, who now serves as vice president director of BBRI. Gatot Trihargo, Deputy of Financial Services, Survey Services and Consulting Services at...
JAKARTA (TheInsiderStories) -  The Indonesia Stock Exchange (IDX) early this week made a bold step by joining the Climate Bonds Initiative Partner Program, the sixth stock exchange to partner with the Climate Bonds. This signals seriousness of the exchange management to develop green bond market in Indonesia. In order to find out how big...
JAKARTA (TheInsiderStories) - PT Pegadaian has set a plan to transform its businesses through G-Star Generation with 5G’s strategy -- Grow Core, Grab New, Groom Talent, Gen-Z Tech and Great Culture. President Director of Pegadaian Sunarso said, the state-owned pawnshops company opens to create new businesses through the program. On April, 2,...
JAKARTA (TheInsiderStories) - Muhamad Chatib Basri, a former Minister of Finance of Indonesia and Chairman of the Indonesian Investment Coordinating Board describe his view on East Asian economy situation. The Senior Lecturer at the Department of Economics of University of Indonesia sees a new trend in global economy. To know...