Wednesday, July 17, 2019
JAKARTA (TheInsiderStories) — United States (US) President Donald Trump pressed Japanese Prime Minister Shinzo Abe to even out the trade imbalance between two countries. They are now negotiating a trade agreement, as Trump said that he wants US exports to be fair and very profound footing. Trump is on a...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index  closed down 0.43 percent to 6,288.46 from a prior day which was ended to 6,315.44. For today, the composite index is expected to lowering to level 6,256 - 6,272. Top Gainers On Monday, the top gainers were PT Bliss Properti Indonesia Tbk (IDX: POSA)...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) predicted inflation in April will rise amid higher shallots, garlic, and fruit prices, explained Senior Deputy Governor Mirza Adityaswara in Jakarta on Friday (04/12). Based on the Price Monitoring Survey in the second week of April 2019, there was inflation 0.25 percent in...
JAKARTA (TheInsiderStories) – Indonesian government received an fresh funding from the Asian Development Bank (ADB) worth of US$2.6 billion to support strategic infrastructure projects during 2019, said the Fund on Wednesday (05/01). In 2018, ADB committed $3.9 billion to 19 projects in the archipelago. According to Southeast Asia Director General Ramesh...
Indonesia Targets US$714.28 M from Retail SUKUK
JAKARTA (TheInsiderStories) - Indonesian government officially launched Retail SUKUK series SR-011 and hoped to raise fund of US$ 714.28 million (Rp 10 trillion) from this instrument, said the senior minister today (03/01). Director General of Finance and Risk Management Ministry of Finance Luky Alfirman stated, this instrument is tradable so...
JAKARTA (TheInsiderStories) – The world' largest economies, United States (US) and China have reportedly reorganized to start of serious negotiations next week to complete a year-long trade war between the two countries, an official said on Thursday (07/04). An official from the US Trade Representative Office said the two main negotiators...
JAKARTA (TheInsiderStories) - The Deposit Insurance Corporation (DIC) maintained guarantee interest rates for deposits in Rupiah at commercial banks by seven percent, following Bank Indonesia which held its benchmark interest rate for the fourth time at the 6 percent. The spokesman Samsu Adi Nugroho said the guarantee interest rate still...
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded to B1 from Ba3 the corporate family rating (CFR) of PT ABM Investama Tbk (IDX: ABMM) and the rating on its US$350 million senior unsecured notes due 2022. The outlook has been revised to stable from negative. "The downgrade reflects our expectation that...
US Natural Gas Stockpiles Decreased by 149 Bcf
JAKARTA (TheInsiderStories) - The United States (US) Energy Information Administration (EIA) reported Thursday that domestic supplies of natural gas fell by 149 billion cubic feet (Bcf) for the week ended March 1. The data shows that Natural Gas Stocks Change in the US averaged -0.73 Bcf from 1994 until...
China, Indonesia Coal Consumption Still Stable in 2019
JAKARTA (TheInsiderStories) – China' coal consumption is expected to remain stable in 2019, and will likely see a fair balance between supply and demand, said the official statement last week. Almost half of world coal consumption is China. Chinese coal consumption are 14 percent of global primary energy, the largest in...
JAKARTA (TheInsiderStories) - China's trade surplus increased to $41.7 billion (Rp592.14 trillion) in May, up to $27.9 billion from the previous month. The year-to-date surplus was $361.1 billion, larger than that of the same period last year, according to the General Administration of Customs on Monday (06/10). China’s trade surplus...
JAKARTA (TheInsiderStories) - The United States (US) economy is expanding faster than any other advanced nation, and in weeks will hit a historic milestone, but the International Monetary Fund (IMF) is warning it could be weakened by escalating trade wars or a sudden downturn in global financial markets. President Donald...
Insight: Indonesia' Digital Business Needs Guaranteed by Adequate Regulation
JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) claims there are three new startup companies that will conduct an initial public offering (IPO) this year. There were two startup companies had been listed at IDX, PT Yeloo Integra Data Net Tbk (IDX:YELO) and PT Kioson Komersial Indonesia Tbk (IDX:KIOS). "We also...
Indonesian Government to Summon Garuda’s Auditors and Directors Next Week
JAKARTA (TheInsiderStories) – After finding irregularities in the annual financial statements of PT Garuda Indonesia Tbk (IDX:GIAA) in 2018, Ministry of Finance, Supreme Audit Agency and Indonesia Stock Exchange (IDX) planned to summon auditors and directors of the state-owned airlines. The summons was not solely to see clearly the cases...
JAKARTA (TheInsiderStories) — The Jakarta Composite Index continued jumping by 1.29 percent to 6,289.61 with Rp480.81 billion (US$33.62 million) foreign inflow, on Monday (06/10). Miscellaneous industry remained the highest hike by 2.38 percent, followed by property sector which grew by 2.35 percent. Then, infrastructure sector increased by 2.07 percent. For...
JAKARTA (TheInsiderStories) - Singapore-headquartered venture capital (VC) firm EV Growth has hit the close of its inaugural fund at US$200 million (Rp2.9 trillion), exceeding the firm’s initial US$150 million targets. This oversubscribed fund is supported by a diverse set of partners including SoftBank Group Corp, Pavilion CapitaI, Indies Capital and...
JAKARTA (TheInsiderStories) - As many as nine companies of State-Owned Enterprises (SOEs) will injecting capital to PT Fintek Karya Nusantara (Finarya), a financial technology company carrying the LinkAja brand. The investors will deposit the funds to Finarya in three stages, with a total value of Rp1.65 trillion or US$117.11...
JAKARTA (TheInsiderStories) - Indonesia’s foreign exchange reserves stood at US$120.3 billion in May, lower $4 billion than the $124.3 billion recorded a month earlier, Bank Indonesia (BI) announced today (06/13). The central bank noted the position of foreign exchange reserves is equivalent to financing 6.9 months of imports or 6.7 months...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 0.65 percent at 6,297.32 from the previous trading which fell 1 percent at 6,256.35. For today, PT Indosurya Bersinar Sekuritas sees the JCI will strengthen in the range of 6,198-6,336. Top Gainers On Tuesday, the top gainers are PT Trisula International...
Indonesia's Economic to Grow Above 6% in 2024
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) predicts Indonesia's economic growth will move above 6 percent by 2024, in line with structural reforms carried out by the government, said the bank on its 2018 Economic Report Book today (03/27). In the report, BI revealed, the factor that it can be happened...
JAKARTA (TheInsiderStories) - Indonesian government lowered basic index price for biodiesel to Rp6,977 (US$0.48) per liter but raised bioethanol price to Rp10,201 a liter, energy and mineral resources (EMR) ministry said on Wednesday (06/12). The ministry noted, the biodiesel price decreased by Rp371 from the previous month, which was Rp7,348 per liter....
JAKARTA (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carrier, will acquire at least 51 percent shares of private airlines provider PT Sriwijaya Air, said government official today (04/16). The acquisition plans its expected could be done this year. "The acqusition through debt to equity swap. We expect...
Jakarta (TheInsiderStories) - The Jakarta Composite Index  closed down 0.16 percent to 6,310.49 from previous day which was closed up 0.51 percent to 6,320.44. For today, the PT Indosurya Sekuritas sees the composite index move between 6,257 - 6,488. Top Gainers On Wednesday, the top gainers were PT Golden Flower Tbk (IDX:...
Jakarta (TheInsiderStories) - Indonesian property developer, PT Kawasan Industri Jababeka Tbk (IDX: KIJA) took a number of steps related to the risk of default on senior notes issued by its subsidiary, Jababeka International BV in Oct. 5, 2016 with worth US$300 million. One option is to buyback the senior notes,...
JAKARTA (TheInsiderStories) - Indonesian state-owned oil and gas corporation, PT Pertamina signed an US$1.5 billion framework agreement with the Export-Import Bank of South Korea, an official export credit agency. The signing of this cooperation was carried out by Pertamina' Finance Director, Pahala N. Mansury and Eximbank CEO Eun Sung-Soo in Seoul,...
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...
Indonesia’s Economic Shrank at 0.52% in 1Q 2019
JAKARTA (TheInsiderStories) – Indonesia's economic growth shrank to 0.52 percent in the three months to March (q-to-q), following a contraction of 1.69 percent in Q4 (2018) and compared to a market consensus of contraction of 0.40 percent, said an official report on Monday (05/06). Head of Indonesian Statistics Suhariyanto, said...
Indonesia, Thailand Central Bank Strengthen Cooperation in Payment Systems
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) is optimistic that the Rupiah could be stronger than the previous year. Although the local currency fell 0.21 percent today (03/04) to 14,140 against the US dollar compared to last weekend, said the Governor Perry Warjiyo. He rated, the Rupiah position still undervalued. "Last year the Rupiah...
JAKARTA (TheInsiderStories) -  China foreign trade of goods fell 13.8 percent in February to US$266.36 billion compared to same month in 2018. While, Exports dipped 20.7 percent to $135.24 billion last month and imports decreased 5.2 percent to $131.12 billion in the same month, customs data showed on Friday...
JAKARTA (TheInsiderStories) – Singapore-based block chain firm PLMP Fintech Ltd., and PT Central Distribusi Batam will participate in a multi-million logistics project in partnership with Indonesian government. The memorandum of understanding of the Collaborative Joint Blockchain Logistics Pilot Project in Indonesia has been signed yesterday (05/29) by the third...

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