Thursday, June 20, 2019
United States’ GDP Revised Down to 2.2% in Q4 2018
JAKARTA (TheInsiderStories) – The United States (US) economic growth has been revised to 2.2 percent in the fourth quarter (Q4) of 2018, far below the 2.6 percent growth estimate issued in Feb. 28. But the revision didn’t change growth rates throughout 2018, which rose 2.9 percent, the most since...
Lawyers Suggests Sue Boeing in US Court
JAKARTA (TheInsiderStories) – Lawyers from two law firms in the United States (US) suggested the importance of filing a lawsuit against aircraft maker Boeing Corp. in American courts and demanded regulatory changes that regulate the process of investigating plane accidents as a result of the cases of Lion Air...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index closed up 0.56 percent to 6,480.79 on Thursday (03/28), from a previous day which closed down 0.39 percent to 6,444.74. Amidst this strengthening, some issuers posted a decline in stock prices and some increased. This increasing was also accompanied by corporate actions by...
JAKARTA (TheInsiderStories) - PT Chandra Asia Petrochemical Tbk (IDX: TPIA), petrochemical producer from Indonesia, budgeted US$465 million for capital expenditure (capex) this year. The value higher compared to 2018, which reached $354 million. The director Suryandi explained, this capex will come from internal cash and loans from The Japan Bank...
JAKARTA (TheInsiderStories) – Following the achieving positive performance for 10 years, PT Sarana Multi Infrastruktur (SMI) seeks funds US$5.7 bilion to help the infrastructure, sanitation and education development projects in 2019, said senior officer today (03/28). President Director of SMI Emma Sri Martini said on Thursday (03/28), besides coming from...
Indonesian Employment Insurance Targets Investment of US$32.9 T
JAKARTA (TheInsiderStories) – Indonesian Social Security for Employment body targets to manage investment funds up to Rp460 trillion (US$32.9 trillion) this year. The amount up 20 percent compared to 2018, with worth of Rp367 trillion, said senior officer yesterday (03/27). According to the Director of the Agency Agus Susanto, this target...
JAKARTA (TheInsiderStories) - Global fluctuations affected the the Export Benchmark Price (EBP) of mining products for in April. Compared to benchmark price in March, most of the commodities experienced a rise. “The product which experienced an increase namely copper concentrate, manganese concentrate, lead concentrate, zinc concentrate, ilmenite concentrate, nickel and bauxite,”...
JAKARTA (TheInsiderStories) – An Indonesian health and agricultural producer, PT Bayer Indonesia has export products to Europe with a total value Rp3.9 trillion (US$276.60 million), said the industry minister yesterday. In addition to Europe, as much as 80 percent of the production is intended for export to 32 countries...
The US Trade Deficit
JAKARTA (TheInsiderStories) - United States (US) Commerce Department reported the country trade deficit narrowed to US$51.1 billion in January of 2019 from an upwardly revised $59.9 billion in the previous month, which was the largest since 2008. Export rebounded, mainly due to soybeans and motor vehicles and parts and imports...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index  (JCI) on Wednesday (03/27) closed down 0.39 percent to 6,444.74, from the previous closing level of the trade which was able to rebound and ended up 0.92 percent to 6,470 . Amid the decline in the JCI, there were issuers which posted the...
MNC Vision Networks Eyes IPO in June
JAKARTA (TheInsiderStories) — A pay TV and broadband service company, PT MNC Vision Networks is estimated to be listed in Indonesia Stocks Exchange, in June 2019. By Initial Public Offering (IPO), French Vivendi SA or Hong Kong’ Argyle Street would probably take some of MNC Vision shares, as management chose to...
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...
Xi Urges Joint Efforts on Global Governance
JAKARTA (TheInsiderStories) - Chinese President Xi Jinping on Tuesday put forward a four-pronged proposal for seeking a global governance solution that is fairer, more effective and conforms to today's trends of history. Xi made the remark at the closing ceremony of the Global Governance Forum with French President Emmanuel Macron,...
JAKARTA (TheInsiderStories) - The long-troubled PT Bumi Resources Minerals Tbk (IDX: BRMS) reported an improvement on its financial position. In the 2018' financial report, debt that company suffered is still not yet healthy, but getting better. It said, there were some corporate actions taken by the company to improve its...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index closed up 0.92 percent on Tuesday (03/26) to 6,470, from the previous closing level 6,411.25. The strength of index also accompanied by a number of corporate actions from a number of issuers. Top Gainers Shares of PT Bumi Teknokultura Unggul Tbk (IDX: BTEK) posted the sharpest...
JAKARTA (TheInsiderStories) – British energy producer, Ophir Energy Plc finally agreed on PT Medco Energi International Tbk (IDX: MEDC)’ offers, after months of negotiations. The acquisition value agreed is 57.5 pence for each share, higher than what it was previously proposed. The increased offer values the entire issued and to...
Indonesia Targets Honda Motor’s Exports worth US$1.8 B 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 the senior officer in a written statement today (03/26). Last year, the automotive company' export value penetrated up to Rp12 trillion (US$851.06 million). Since 2013, HPM...
JAKARTA (TheInsiderStories) - PT Bank Rakyat Indonesia Tbk (IDX: BBRI), issued global sustainability bond of US$500million. This is the first issuance by state-owned lender or financial institutions in Indonesia, told the spokesman on Tuesday (03/25). The US dollar bond has a five-year tenor with a coupon rate of 3.95 percent...
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) - The Jakarta Composite Index closed down 2.75 percent to 6,411.25 in trading of Monday, March 25, 2019, from the previous trading on Friday which reached 6,525.27. Amid the weakness, a number of issuers still posted an increase, although others posted a decline. On the other hand, issuers...
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...
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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