Thursday, June 20, 2019
JAKARTA (TheInsiderStories) – International Institute for Management Development (IMD) places Singapore as the most competitive economy in the world for the first time since 2010, surpassed United States, who slipped from the top position. Then, economic uncertainty affected conditions in Europe, and the effect of rising fuel prices affected ratings...
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) - United States (US) President Donald Trump gives another pressure on China to reach a trade deal. Trump signed an order to restrict access for Huawei Technologies Co., into the US market and suppliers. Shortly afterward, the US Commerce Department said it had put Huawei and 70 of...
Indonesia Expands Boundary of 0% Tax on Services to Boost Trade Balance
JAKARTA (TheInsiderStories) – The government through Ministry of Finance has expanded the scope of imposition of zero percent value-added tax on service export goods to boost the performance of the modern service sector and increasing the competitiveness of export services to improve the trade balance, said a senior minister...
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...
FGV, Tabung Haji to Sell Assets in Indonesia
JAKARTA (TheInsiderStories) - Palm oil giant Felda Global Ventures Holdings Bhd (FGV) and the Malaysian pilgrim's fund, Lembaga Tabung Haji (LTH), are reportedly looking to sell their shares in Trurich Resources Sdn Bhd (Trurich), which owns plantation assets in Kalimantan Indonesia, at a price of US$1 billion. The decision was...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed down 0.86 percent to the level of 6,319.46 on Friday (05/03). For today, Binaartha Technical Research rates JCI has the potential to move stronger at 6,370-6,422.   Top Gainers Two shares has lead the market trading on Friday arePT Perdana Bangun Pusaka...
JAKARTA (TheInsiderStories) - The Government of Indonesia give legal certainty on upstream oil and gas business by issuing President Decree (PP) No.27/2017. President Joko Widodo has signed Government Regulation (PP) No. 27 of 2017 on Amendment to Government Regulation Number 79 of 2010 on Restricted Operating Cost and Treatment of Income Tax...
JAKARTA (TheInsiderStories) - Hungary' mobile transactions solutions provider Cellumʼ secure wallet platform to be unified with LinkAja e-money system, developed by PT Telekomunikasi Selular (Telkomsel), the company chief executive told the Budapest Business Journal. János Kóka, CEO of Cellum Global at the Mobile World Congress in Barcelona said, said that unit of...
JAKARTA (TheInsiderStories) - Bakrie Group' media business group PT Visi Media Asia Tbk (IDX: VIVA) and its subsidiary PT Intermedia Capital Tbk (IDX: MDIA) will make additional capital through a private placement by releasing as many as 10 percent of new shares. Based on disclosure information today (03/19), VIVA will...
ICAEW: Indonesia’s GDP to Decline to 5% in 2019, ASEAN 4.8%
JAKARTA (TheInsiderStories) – Indonesia's GDP is expected to decline to 5.0 percent in 2019, from 5.2 percent in 2018, due to a slowdown in net export growth. While, economic growth of Southeast Asian (ASEAN) region to decline slightly to 4.8 percent, from 5.1 percent in 2018, according to the...
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) - CBRE Asia Pacific Research in its latest report said the victory of incumbent Joko Widodo in the April 17 presidential election would stimulate a gradual resumption of Indonesia's property market activity. Although the results announced by the General Election Commission on May 21 were sued by opposition leader...
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) - Bank Indonesia stressed that it could reduce the benchmark rate with a note that macroeconomic and financial stability is maintained. The Governor Perry Warjiyo revealed, the Bank had raised its benchmark interest seven times in recent months, so that the current benchmark interest rate had reached its...
Morgan Stanley: Indonesia to Continue Economic Reform under Widodo's Second Term
JAKARTA (TheInsiderStories) – An international financial institution Morgan Stanley, projected that the quick polls victory of incumbent Joko Widodo-Ma'ruf Amin against the contender of Prabowo Subianto-Sandiaga Salahuddin Uno opened the gate for the continuation of the second structural reform policies to encourage higher economic growth in Indonesia, including in...
JAKARTA (TheInsiderStories) - Apple supplier Pegatron Corp., planned to invest up to Rp15 trillion (US$1.04 billion) to build a factory in Batam Island, an Indonesian ministry official said on Tuesday (05/28). The new factory to produce chips for Apple smart-phones in the country. The Taiwan manufacturer made the pledge in a...
JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) projected a slower economic growth in this year, than its previous projection. It said, global economy is now prone to Brexit, United States - China trade war, high level debt, and financial market restlessness, said IMF Managing Director Christine Lagarde on Tueday (02/04). She rated, this...
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...
JAKARTA (TheInsiderStories) — An Indonesian startup that empowers vegetable sales, Kedai Sayur, announced today (05/27), that it had secured US$1.3 million of seed funding led by the global investment company, East Ventures. The investment will accelerate the company' mission to onboard more vegetable hawkers as its partner. East Ventures’ Co-Founder...
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...
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...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) edged down 0.07 percent to 6,405.87 on Friday (04/12), after was closed at 6,410.17 with a weakening of 1.05 percent on Thursday. Top Gainers In the midst of this weakening, there were a number of issuers that posted the highest price increase, namely PT Menteng...
JAKARTA (TheInsiderStories) - Mobilkamu, Indonesia’ online platform for new car buying, has secured an undisclosed amount of Series A investment led by East Ventures, Genesia Ventures, and Denali Venture Partners, said the company yesterday (03/21). Founded by Wilton Halim from Indonesia and two other founders from Australia and Brazil, they...
Benchmark Brent crude oil rises 4% after Gulf of Oman Incident
JAKARTA (TheInsiderStories) - Global crude oil prices rally after two tankers carrying oil were attacked while passing the Gulf of Oman. Brent crude oil rose 4 percent before settled about 2 percent higher to US$61.30 a barrel, while West Texas Intermediate for July delivery rose 2.2 percent to $52.28 a barrel...
The Three Producers Palm Oil Seeks Best Solution amid EU's Discrimination
 JAKARTA (TheInsiderStories) – Indonesia and two world largest palm oil producers, Malaysia and Colombia, have blustered and committed to finding the best solution amid the negative campaign and discriminatory policies that emerged in the draft European Union (EU) regulations, said the senior minister today (02/28). According to the Coordinating Minister for...
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...
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) – 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...
JAKARTA (TheInsiderStories) - Indonesian Automotive Industries Association reported the country' car sales dropped 13 percent to 253,863 units in the first quarter of 2019 compared to the same quarter in 2018. In March the sales lowered 11.4 percent to 90,189 units compared to the previous year, the lowest since 2012,...

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