JAKARTA (TheInsiderStories) - State-owned cement producer, PT Semen Indonesia Tbk (IDX: SMGR) released local bonds with total amount Rp4.08 trillion (US$ 326.39 million). The funds will be use to pay the long-term debt of its new unit PT Holcim Indonesia Tbk (IDX: SMCB) from Holdervin B.V.
Based on the disclosure of...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 0.41 percent to 6,057.35 from the previous day, which closed up 1.57 percent to 6,032.70. For today, the composite index is estimated lowering to 6,015-6,036, said Binaartha Sekuritas.
Top Gainers
On Friday, the top gainers were PT Bintang Mitra Semestaraya Tbk (IDX:...
JAKARTA (TheInsiderStories) – Indonesian food and beverage producer, PT Indofood Sukses Makmur Tbk (IDX: INDF) extended the purchase period of Indofood Agri Resources Ltd (IFAR) offering shares worth of US$289.23 million until June 25, 2019 from initially end on May 24, said the company today (05/24).
Corporate Secretary Victor Suhendra...
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating of PT Bumi Serpong Damai Tbk (IDX: BSD)E. At the same time, Moody's has affirmed the Ba3 backed senior unsecured rating of the 2021 and 2023 notes issued by Global Prime Capital Pte. Ltd., a wholly owned subsidiary of...
JAKARTA (TheInsiderStories) – United States-China trade tensions that have lasted more than a year have hit negatively on consumers and many producers in both countries. Rates have reduced trade between the US and China, but the bilateral trade deficit has remained unchanged broadly, according to the International Monetary Fund...
JAKARTA (TheInsiderStories) — Former President Director of Indonesia’s energy state-owned enterprise PT Pertamina, Karen Agustiawan is being charged with 15 years prison by prosecutor, for an Australian block corruption. Agustiawan has benefited Australia's Roc Oil Company Ltd. and cost Indonesia at Rp568 billion (US$39.44 million).
“Demand that the panel of...
JAKARTA (TheInsiderStories) - PT Trada Alam Mineral Tbk (IDX: TRAM), a mining company, will raise funds through rights issues and global bonds to meet the company' expansion plans in the field of infrastructure and mining logistics with the Adaro Group.
First, TRAM will conduct a rights issue of 100 billion new...
JAKARTA (TheInsiderStories) - PT Bank Danamon Indonesia Tbk (IDX: BDMN) which owned by The Bank of Tokyo Mitsubishi UFJ (MUFG) released bonds of US$138.9 million (Rp2 trillion) with coupons of 7.55-8.55 percent, said an official statement on Thursday (05/23).
The bonds are issued in two series: series A valued at Rp1.14...
JAKARTA (TheInsiderStories) - The resounding election victory of Prime Minister Narendra Modi’s BJP Party with another large parliamentary majority will provide continuity of macroeconomic policy over the next five years, Rajiv Biswas, Asia Pacific Chief Economist at IHS Markit commenting on the election.
"The large parliamentary majority secured by the BJP...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 1.57 percent to 6,032.70 from previous day which closed down 0.2 percent to 5,939.64. Today, the composite index is estimated to strengthen in the range 5,861-6,088, said Indosurya Sekuritas.
Top Gainers
On Thursday, two top gainers were PT Lionmesh Prima Tbk (IDX: LMSH) and...
JAKARTA (TheInsiderStories) - Indonesia's Financial Service Authority (FSA) noted foreign capital out from the country reached US$953.47 million (Rp13.73 trillion) since the beginning of 2019 until May 17, 2019, due to the uncertainty in global financial markets.
In detail, foreign investors booked a net sell of Rp7.83 trillion on May...
JAKARTA (TheInsiderStories) - Indonesia signaled to ground Boeing 737 Max until next year, underscoring two fatal crashes faced by Lion Air in the Java Sea when plunged the first time in Oct 2018 and second Max crashed in Ethiopia less than five months later.
Even after the US Federal Aviation...
JAKARTA (TheInsiderStories) - PT Saratoga Investama Sedaya Tbk (IDX: SRTG), an investment holding firm, allocated fund US$100 million to invest in five new companies in the consumption and hospital sectors, said the director today (05/23).
Director of Investment at Saratoga Devin Irawan said the company wants to invest in hospitals...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) aimed to expand the Domestic Non Deliverable Forward (DNDF) policy to boost foreign exchange (forex) supply and demand in the market. It stated in the new regulation on DNDF transaction.
BI said, with this new policy, the central bank want to make customers and...
JAKARTA (TheInsiderStories) – The United States Central Bank Federal Reserve (The Fed) still maintains the target range for the benchmark interest rate in the range of 2.25-2.25 percent, even though the economy has increased and the labor market remains strong and inflationary pressures are muted, according to minutes of...
JAKARTA (TheInsiderStories) - The government has taken a new strategic step to improve the oil and gas trade balance, which continues to be a deficit so far. Taking PT Pertamina' investment abroad as primary income in the balance of payments is the only policy improvement that has the potential...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed down 0.2 percent to 5,939.64 from the previous day which rose 0.75 percent to 5,951.27. For today, the composited index is estimated to strengthen in the range 5,912-6,000, said Reliance Sekuritas.
Top Gainers
On Wednesday, top gainers were PT Pool Advista Indonesia Tbk...
Jakarta (TheInsiderStories) – Indonesian oil and gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC) officially announced the successful completion of British 'Ophir Energy Plc acquisition of all recommended cash offers valued at £408.4 million (US$310.38 million), said an official statement on Wednesday (05/22).
Medco Energy President Director Hilmi Panigoro...
JAKARTA (TheInsiderStories) – President of the United States (US) Donald Trump said he had reached an agreement with Canada and Mexico, where US could sell agricultural products, aluminum and steel to those countries without charging large tariffs or tariffs.
Trump said that with the agreement, US farmers could start doing...
JAKARTA (TheInsiderStories) – Indonesian telecommunications infrastructure provider, PT Tower Bersama Infrastructure Tbk (IDX: TBIG) planned to issue global bonds up to US$850 million (Rp12.24 trillion) to refinance a number of the company' debts, said an official statement on Tuesday (05/21).
Corporate Secretary Helmy Yusman Santoso said in a written statement,...
JAKARTA (TheInsiderStories) - Management of PT Garuda Indonesia Tbk (IDX: GIAA) said that would suffer huge losses around US$18 million per month, if follow the upper tariff limits rule. Recently, Transportation ministry changed the lower limit tariff to 35 percent of the upper limit tariff from earlier 30 percent of the...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 0.75 percent to 5,951.37 from the previous day which climbed 1.38 percent to 5,907.12. For today, the composite index is predicted to strengthen in the range 5,990 to 6,028, said Binaartha Sekuritas.
Top Gainers
On Tuesday, the top gainers were PT...
JAKARTA (TheInsiderStories) – Indonesian General Election results have not yet affected the Jakarta Composite Index (JCI) and the Rupiah exchange rate in the long term, although since the end of last year JCI has decreased to 5.74 percent. While Rupiah is not able to move from Rp14,000 level, said...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 1.38 percent to 5,907.12 from the previous day which dropped 1.17 percent to 5,826.87. For today, the composite index is predicted will strengthen to 5,789-5,977, said Indosurya Sekuritas.
Top Gainers
On Monday, the top gainers were PT Radana Bhaskara Finance Tbk (IDX:...
JAKARTA (TheInsiderStories) – Indonesian oil and gas holding, PT Pertamina budgeted investment funds worth of US$1.9 billion for the exploration and development of 98 Upstream Oil and Gas projects in 2019, said a senior officer last week.
In an official statement, director for upstream Dharmawan Samsu, said that the investment constitutes...
JAKARTA (TheInsiderStories) – S&P Global Ratings views Indonesian corporate rating having a good prospect after general elections with a little risk of operation, but not the main catalyst for operations.
"Election mostly neutral for corporate credit dynamic. Less event risk but not a major catalyst for operations," said Xavier Jean, Senior Director...
JAKARTA (TheInsiderStories) – People's Bank of China (PBoC) warned that uncertainty caused by friction and trade tensions between the United States (US) and China could have a negative impact on the global economy, it said in its latest report on monetary policy implementation in first quarter 2019 last week.
According...
JAKARTA (TheInsiderStories) — Indonesia Finance Minister Sri Mulyani Indrawati officially submitted state revenue and expenditure budget draft for 2020 to House of Representatives, on Monday (05/20). In the draft, macro assumptions set are not much changing compared to the challenging 2019.
In the macro assumption, the government set 2020’s economy...
JAKARTA (TheInsiderStories) - The surprise election victory of Scott Morrison’s Liberal-National Coalition in the Australian national elections held on 18th May reflected a mandate from the Australian electorate for sound fiscal management and a return to fiscal surpluses under the Coalition government’s medium-term Budget outlook.
While the Labor Party had also...
JAKARTA (TheInsiderStories) - Statistics Japan shows that the country' economy advanced unexpectedly by 0.5 percent quarter-on-quarter in the three months to March of 2019, easily beating market expectations of a 0.1 percent contraction and after a downwardly revised 0.4 percent growth in the previous period, a preliminary estimate showed.
The...