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JAKARTA (TheInsiderStories) - The investors' appetite to invest in the Special Economic Zones (SEZ) is high as it reached Rp221 trillion (US$16.62 billion) in the first half (H1) of 2017, said deputy for the Acceleration of Infrastructure and Regional Development of the Coordinating Ministry for Economic Affairs Wahyu Utomo. Almost 73 percent of...
JAKARTA (TheInsiderStories) - President Joko Widodo is indeed focusing on developing infrastructure in all sectors, the main capital for achieving the economic growth of minimum 7 percent, then Indonesia could reach the so-called established country status by 2025, leaving current status as the emerging country. Indonesia's economy grew by 5.18 percent in...
JAKARTA (TheInsiderStories) - Local Government of East Java through The Surabaya-Madura Regional Development Board (BPWS) offered new projects worth Rp53.1 trillion (US$4 billion) to investors, an official said on Monday (31/7). The projects located in Surabaya Madura (Suramadu) Bridge areas and Madura Special Region. One of the projects which offered...
JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina announced that it has commenced tender offers to purchase for cash any and all of the outstanding 2021 Notes and 2022 Notes (together with the 2021 Notes), said the company today. Previously, the state-owned company announced to offer global medium term notes to investors...
JAKARTA (TheInsiderStories) - Garuda Indonesia Group, through its subsidiaries PT Citilink Indonesia, took over the operational management of PT Sriwijaya Air and PT NAM Air, said the company on Wednesday (14/11). The agreement has been signed on Nov. 9, 2018. According to PT Garuda Indonesia Tbk (IDX: GIAA) CEO Ari...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index opened up by 0.1 percent increasing to 6,489.43 on Wednesday (03/20). But at the end of the closing trade, the composite index only edged up 0.04 percent to 6,482.71 from closing of the previous day' trade. There were issuers that contribute to this...
JAKARTA (TheInsiderStories) – Indonesian government targeted tax revenues Rp498trillion (US$34.94 billion) from big taxpayers, both personal and institution, said one minister yesterday (03/13). It increases by 18.93 percent from last year’ big taxation realization at Rp418.73 trillion. The target is in accordance to the total tax revenue target at Rp1,577.6...
AirAsia Intends to Acquire Citilink Shares from Garuda Indonesia
JAKARTA (TheInsiderStories) – The Indonesian flight carriers, PT AirAsia Indonesia Tbk (IDX: CMPP), claimed to intend to acquire shares of domestic airline PT Citilink Indonesia from the ownership of PT Garuda Indonesia Tbk (IDX: GIAA), and was not interested in establishing operational cooperation, said the senior officer last week. Although...
JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) will revise the single presence policy (SPP) to lessen the number of banks in Indonesia, as well as to speed up the process of consolidation in the domestic banking sector, said the FSA Deputy last week. The old regulation, stipulated in Regulation...
Indonesia's Forex Reserves US$123B in February
JAKARTA (TheInsiderStories) - Indonesian retail sales slow down in January 2019, indicated by the real sales index which recorded 218.1 or grew 7.2 percent in January 2019, said the central bank today (03/12). This value decreased compared to December 2018 which grew 7.7 percent. Bank Indonesia (BI) noted that the slowdown...

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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...