BI Records Direct Indonesia-Thailand Transactions of Rp121 B
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) said that the implementation of Local Currency Settlements (LCS) between Indonesia and Thailand had a positive impact on bilateral trade between the two countries. Total transactions in the first two months of 2019 reached THB272 million or equivalent to US$8.58 billion, said the central...
JAKARTA (TheInsiderStories) – Indonesia affirmed its absolute winning in International Centre for Settlement of Investment Disputes in Washington D.C., over US$1.31 billion sue from British' Churchill Mining Plc. and Australian Planet Mining Pty Ltd. This came up following Churchill and Planet Mining annulment request, as they found that their discovery obligations...
JAKARTA (TheInsiderStories) - Indonesian government reacted strongly to the issuance of palm oil as a raw material for biofuels based on Renewable Energy Directive (REDII) as outlined in the delegated act. The European Union (EU) also released a defense about the ban. In his statement, the EU Ambassador to Indonesia, Vincent...
JAKARTA (TheInsiderStories) – United States (US) experienced the biggest monthly budget deficit to US$234 billion, amid a 20 percent decline in corporate tax revenues and a boost in expenditure, according to an official report last week. Last year, the fiscal gap $215.2 billion. According to the official US' Treasury report, the...
Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) noted that foreign capital inflows worth of Rp74.4 trillion (US$6.3 billion) entering Indonesia in the first quarter (1Q) of 2019, from a year ago Rp13.9 trillion. BI' Governor Perry Warjiyo explained, Rp62.5 trillion of inflows went into State securities and Rp11.9 trillion put into...
Indonesia, China Sets US$91.9B for BRI Projects
JAKARTA (TheInsiderStories) – Indonesia and China will execute an investment plan worth US$91.1 billion for 28 national projects under the framework of the Belt and Road Initiative (BRI), followed the first meeting of the Joint Steering Committee for the Construction of Regional Comprehensive Economic Corridors for Cooperation between the...
JAKARTA (TheInsiderStories) – The Asian Development Bank (ADB) signed a private sector financing package to support the construction of a 275-megawatt combined cycle gas turbine power plant in Riau province by give loans of US$222 million, according to its released on Friday (03/22). According to the financing firm, the funding...
JAKARTA (TheInsiderStories) - Indonesia' media company, PT Surya Citra Media Tbk (IDX:SCMA) plans to acquire four new online media companies aiming to strengthen its position as a media company. Based on information disclosure from the Indonesia Stock Exchange, the planned acquisition is 99 percent of shares in PT Vidio Dot...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 0.36 percent or 23.50 points to the level of 6,525.27 on Friday (03/22). On a weekly basis, the index was recorded to increase 0.99 percent to position 6,525.24. Amid this increase, there were issuers who posted the highest and lowest...
Indonesia Initiates Indo-Pacific Cooperation 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 3/5 of the world' population with almost US$52 trillion in GDP. The program is expect to maintain stability and inclusive cooperation is crucial for economic...

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Ophir Shareholders Accepts Indonesia’s Medco Proposal

JAKARTA (TheInsiderStories) – British energy producer, Ophir Energy Plc finally agreed on PT Medco Energi International Tbk (IDX: MEDC)’ offers, after months of negotiations....

Insight: Measuring Brexit Impact on Indonesian Economy

JAKARTA (TheInsiderStories) - Brexit crisis deepens amid the delay of implementation and no light yet over how the agreement would end. Presenting the spirit...
Indonesia Targets Honda Motor’s Exports worth US$1.8 B in 2021

Honda Motor Targets Exports US$1.8B from Indonesia in 2021

JAKARTA (TheInsiderStories) – One of the car maker in Indonesia, PT Honda Prospect Motor (HPM) eyes export with worth of US$1.8 billion in 2021, said...

LIPI Calls the Potential of Very Large Voter Migration

JAKARTA (TheInsiderStories) - Researcher from Lembaga Ilmu Pengetahuan Indonesia (LIPI), Aisyah Putri Budiatri, reminded the potential for voters migration ahead of the election day on...
Widodo-Amin Combines Java, Subianto-Uno Attracts Sub-Urban Voters

Widodo-Amin Combines Java, Subianto-Uno Attracts sub-Urban Voters

JAKARTA (TheInsiderStories) – Public campaign for 2019 President and Vice President candidates has entered its second day on Monday (03/25). If the Joko Widodo-Ma'ruf...
Indonesian Minister of Agrarian Reported to Police

Minister Agrarian of Indonesia Reported to Police

JAKARTA (TheInsiderStories) - A number of non-profit organizations incorporated in the Civil Society Coalition reported the Indonesian Minister of Agrarian Spatial Planning Sofyan Djalil...