Wednesday, June 19, 2019
JAKARTA (TheInsiderStories) - Bank Indonesia noted, foreign exchange (forex) reserves stood at US$124.3 billion on April, slightly lessen 0.16 percent compared to March 2019 at $124.5 billion. The position of forex reserves is equivalent to financing seven months of imports or seven months of imports and payment of government foreign...
JAKARTA (TheInsiderStories) – Indonesian government wanted to become the center of the world Islamic financial center to grab a potential global halal market of US$3 trillion in 2023, said President Joko Widodo. The country is one of the largest Moslem population in the world. "With 11 percent of the world' Moslem population...
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:...
Indonesian Digital Banking will Grow Rapidly in Coming Years
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) was closed up 0.69 percent to 6,098.97 from previous day which closed up 0.41 percent to 6,057.35. For today, the composite index is estimated to slightly strengthen in the range 6,080-6,155, said Reliance Sekuritas. Top Gainers On Monday, the top gainers were PT...
JAKARTA (TheInsiderStories) - Indonesian government has set its coal benchmark price for June at US$81.48 per ton, sliced 0.46 percent from May at $81.86 a ton, energy and mineral resources (EMR) ministry said on Monday (06/10). It said, June marked a tenth straight monthly drop for the benchmark price and...
Indonesia's Digital Industry Potentially Grew of US$150 B in 2025
JAKARTA (TheInsiderStories) - Indonesia will soon ratify fiscal incentives for the processing industry in the form of super deductible tax, said industry minister on Thursday (06/13). It said, industries that invest in vocational and research and development (R&D) activities will be given fiscal incentives in the form of tax...
Indonesia's Forex Reserves US$124B in March
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted, Indonesia' foreign exchange (forex) reserves stood at US$124.5 billion in March, slightly up 0.97 percent compared to February 2019 worth of $123.3 billion. The position of forex reserves is equivalent to financing seven months of imports or 6.8 months of imports and payment...
Indonesia, Philippines Agrees to Set of SSG's Instant Coffee Products
JAKARTA (TheInsiderStories) – The Indonesian and Philippine government have agreed to review trade and investment policies including the implementation of the Special Agricultural Safeguard (SSG) for Indonesian instant coffee products which the Philippines has been implementing since August 2018, said senior minister in a written statement today (04/02). According to...
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) – International Monetary Fund (IMF) and Argentina have reached an agreement on the third review of economic programs supported by Stand-by Arrangements (SBA), said the official statement on Monday (03/18). With that, in the coming weeks, Argentina will have access to around US$10.87 billion (equivalent to SDR7.8 billion). In...
Indonesia's Forex Reserves US$124B in March
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) will act quickly to maintain the stability of the rupiah exchange rate against the US dollar. These actions range from regular Domestic Non Deliverable Forward (DNDF), Term Repo and Forex Swap auctions, told TheInsiderStories, today (03/11). Executive Director of Monetary Management Department BI Nanang...
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...
US Tariff on Canada Impacts Indonesian Steel Exports
JAKARTA (TheInsiderStories) — The United States import tariff on steel products has indirectly impact Indonesia. Two Indonesian steel product groups, heavy plate and stainless steel wire exports to Canada are limited by the country’s safeguard, senior officer said on Thursday (04/11). Foreign Trade Director General of Indonesia Trade Ministry Oke...
Trade Agreement, Just Pragmatic Choices of the Government?
JAKARTA (TheInsiderStories) - United States (US) and China plan to hold a new round of negotiations later this month, according to officially reported last week. Both sides, hope to wrap up a final agreement with a formal signing ceremony on May 27, the US' Memorial Day holiday or early...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index was closed up 0.44 percent to 6,401.79 on Friday (04/26) from prior day closed down 1.16 percent to 6,372.79. Top Gainers Share of PT Pool Advista Indonesia Tbk (IDX:POOL) posted the biggest gained by closing 21.05 percent to Rp2,990 a share. Then, PT Tifico...
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) of PT Chandra Asri Petrochemical Tbk (IDX: TPIA), the petrochemical producer from Indonesia. Moody's has also affirmed the Ba3 rating on TPIA's US$300 million senior unsecured notes. The notes were issued by TPIA and guaranteed by...
IHS Markit: US-China Trade War Escalates Again as Truce Collapses
JAKARTA (TheInsiderStories) - United States (US) President Donald Trump’ decision to hike tariffs from 10 percent to 25 percent on US$200 billion of Chinese imported products will hit Chinese exporters hard, significantly impacting on their competitiveness against competing products produced in other countries, according to IHS Markit in its official...
JAKARTA (TheInsiderStories) - The recent round of tariff slinging between the United States (US) and China has sparked emerging market (EM) foreign exchange weakness again, which should keep Bank Indonesia 7 Days Reverse Repo (BI 7-DRR) rate on hold for now, said ING in the latest report. Nicholas Mappa, ING Senior...
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) - PT Mas Murni Indonesia Tbk (IDX: MAMI) offered as much as 7.18 billion new shares with target funds Rp718.65 billion (US$49.91 million), said the company today (05/30). The hospitality and property developer set the rights issue price at Rp100 a share. It said, the planned have get an approval from...
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) - PT PP Tbk (IDX: PTPP), a state-owned construction and investment companies in Indonesia, became a contractor for ferronickel smelter construction located in Kolaka, Southeast Sulawesi with a total investment of Rp14.5 trillion (US$1.01 billion), the company announced on Sunday (06/16). The state-owned contractor has signed a contract...
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...
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...
JAKARTA (TheInsiderStories) - Global corporate bonds are predicted will reached US$4 trilion until 2022, amid the obligation of non-financial companies to refinance of their loans. This is close to the total balance sheet of the United States (US) Federal Reserve, OECD told in its latest report. In the report, unit of...
Indonesia's Bakrie Unit to Refinance Debt US$50M
JAKARTA (TheInsiderStories) - Indonesia' oil and gas producer, PT Energi Mega Persada Tbk (IDX: ENRG), planned to pay principal debt with total amount US$50 million to PST Finance Ltd. The refinancing is expected will be completed in the first quarter (Q1) of 2019, said the official today (03/06). Director and CFO...
Indonesia's Lippo Karawaci Secures Funding US$1.01B
JAKARTA (TheInsiderStories) - Lippo Group through PT Inti Anugerah Pratama sold around 9.44 percent its share ownership in property developer PT Lippo Karawaci Tbk (IDX: LPKR), its announced at Indonesia Stock Exchange on Tuesday (02/26). Currently, the Group owned 45.83 percent in its unit. There is no further information of the total...
Widodo-Amin Emphasizes Equitable Economic Development
JAKARTA (TheInsiderStories) - Indonesian presidential candidate, Joko Widodo - Maruf Amin emphasized the importance of equitable development to prosper the people. The construction of the model is what has been and will continue to be done if re-elected, they said. "For 4.5 years, we have tried hard to restore the...
JAKARTA (TheInsiderStories) – Global oil prices surged to nearly six month higher at US$74 a barrel after President Donald Trump decided not to reissue waivers for all countries that continue to import Iranian oil without facing United States sanctions. The policy will be implemented in early May. In an official statement released...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 0.39 percent or 24.81 points to 6,425.89 on Monday (04/29), from the previous trading which closed up 0.44 percent or 28.29 points to 6,401.08. Top Gainers The top gainers on Tuesday is PT Meta Epsi Tbk (IDX: MTPS) shares after closing...

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