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...
Bank of Japan Maintains Negative Interest Rate
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. The figure below the Bank of Japan' (BoJ) target of 2.0 per cent. On a monthly basis, consumer prices were flat in February from previous month...
PM May and EU Parliament Gets “Two New Deadlines” after Crisis Talks
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 threat of an unconditional divorce after initial talks at the summit in Brussels which lasted from 21-22 March. During the meeting, member of parliament accepted May...
Boeing Suspends the Operations of 371 MAX 737 Aircraft
JAKARTA (TheInsiderStories) - Two flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) and PT Lion Mentari Airlines had canceled Boeing 737 Max 8 booking. The state-owned aviation company confirmed that it had canceled 49 units booking of Boeing 737 MAX 8 aircraft. Cancellation was made due to loss of trust from...
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 time, Moody's has affirmed the company's Baa3 issuer rating. "The negative outlook reflects a weakening in Indosat's financial metrics driven by the company's plans for accelerated...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index closed up 0.29 percent or 19.07 points at 6,51.78 in trading on Thursday (03/21). In the midst of this strengthening there were fluctuations in issuers stock movement and also there were several corporate actions. Top Gainers Shares of PT Cahayaputra Asa Keramik Tbk (IDX: CAKK)...

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BI Records Direct Indonesia-Thailand Transactions of Rp121 B

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...

Indonesia Wins over Mining Land Dispute against Churchill and Planet

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...

Censured, EU Releases the Defense of the Palm Oil Rule

JAKARTA (TheInsiderStories) - Indonesian government reacted strongly to the issuance of palm oil as a raw material for biofuels based on Renewable Energy Directive (REDII)...

Unites States Deficit Widened to US$234B in February

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...

Widodo-Amin Still Superior Over Prabowo-Sandi

 JAKARTA (TheInsiderStories) – Two Indonesian surveyor, Vox Populi Research Center and Charta Politika, puts Joko Widodo - Ma'ruf Amin pair ahead Prabowo Subianto -...
Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019

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)...