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) -UK-listed Andalas Energy and Power Plc and PT PP Energi (PPE), unit of state-owned engineering firm PT PP Tbk (IDX: PTPP) has signed an agreement to develop gas-fired power facilities in the Southeast Asian (SEA) nation. Andalas to propose at least three projects to PPE within three months. It said,...
JAKARTA (TheInsiderStories) - The largest oil & gas producer in Indonesia PT Pertamina stated to reduce some of its financial burden will renegotiate the cooperation with Saudi Aramco and Russian Rosneft to develop two major refinery projects in Indonesia, said one senior official. Both projects are located in East Java. Pertamina...
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) - PT Gorontalo Minerals, a subsidiary of PT Bumi Resources Minerals Tbk (IDX: BRMS), obtained a Production Operation Activity License from the Ministry of Energy and Mineral Resources. The permit is the basis for the company to develop and operate copper and gold mines in Gorontalo Province. Such...
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...
Indonesian Digital Banking will Grow Rapidly in Coming Years
JAKARTA (TheInsiderStories) – The expansion of global capital markets reached a new high after the financial crisis in 2018 triggered in large part by the United States (US) economy. Companies must now consider a series of developing problems that can affect the shape of capital market activities in the...
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) - Nine subsidiaries of state-owned enterprises (SOEs) ready to go IPO (initial public offering) followed President Joko Widodo instruction to utilize capital market to get fresh funds. Minister of State-Owned Enterprises Rini Soemarno confirmed her ministry preparing several SOE's unit to list their shares at Indonesia Stock Exchange (IDX) in...
Indonesia's Astra Increased Investment in GO-JEK US$100M
JAKARTA (TheInsiderStories) – Indonesia conglomeration company, PT Astra International Tbk (IDX: ASII) increasing its investment participation in multi-platform provider GO-JEK with worth of US$100 million. In total, the publicly listed has invested to the operator amounting to $250 million. At the same time, GO-JEK and Astra also formed a joint...

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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...
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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

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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...