Friday, August 16, 2019
JAKARTA (TheInsiderStories) – As a part of establishing energy holding, PT Perusahaan Gas Negara Tbk (IDX: PGAS) paid off its remaining commitment on Rp10.22 trillion (US$772.39 million) promissory notes to acquire PT Pertamina Gas (Pertagas) shares from state-owned energy producer PT Pertamina. Corporate Secretary of PGAS Rachmat Hutama, said the payment...
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...
Singapore's Grab Get New Funding From Softbank $1.46B
JAKARTA (TheInsiderStories) - Singapore' Grab Holdings Inc., received funding from Japan' Softbank Vision Fund worth of US$1.46 billion. With this Series-H funding round, so far Grab has received total funding worth more than $4.5 billion. Other investors included in the Series-H funding round are Toyota Motor Corp., Oppenheimer Funds, Hyundai Motor Group,...
JAKARTA (TheInsiderStories) – Aims to increase competitiveness of Indonesian products, government will revise anti-dumping policy. said senior minister late Tuesday (03/05). In the meeting led by Coordinating Minister for Economy Darmin Nasution, the ministers discussed a way to tighten anti-dumping. Recently, Indonesian government has imposed anti-dumping tariff to some commodities. But,...
JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Adaro Energy Tbk (IDX: ADRO) prepared capital expenditure up to US$600 million for this year, said the company on Tuesday (03/05). The funds will be used for the company' business development. This year, Adaro targets coal production around 56 million tons (MT) of coal and...
JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) official said, the country plans to sell liquefied natural gas (LNG) cargoes to Singapore starting this year. The director general of oil and gas at the ministry Djoko Siswanto in one forum in Jakarta stated, until 2025 the country has 40 excess cargoes. He...
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...
AirAsia Intends to Acquire Citilink Shares from Garuda Indonesia
JAKARTA (TheInsiderStories) – The Indonesian flight carriers, PT AirAsia Indonesia Tbk (IDX: CMPP), claimed to intend to acquire shares of domestic airline PT Citilink Indonesia from the ownership of PT Garuda Indonesia Tbk (IDX: GIAA), and was not interested in establishing operational cooperation, said the senior officer last week. Although...
JAKARTA (TheInsiderStories) - KKR Jade Investments Pte. Ltd., a private investment company based in United States (US) sold 385 million shares of PT Japfa Comfeed Indonesia Tbk (IDX: JPFA) or around 3.28 percent at price Rp2,200 a share or worth of Rp847 billion (US$60.5 million). KKR Director Jaka Prasetya confirmed the shares sale....
JAKARTA (TheInsiderStories)- Halodoc, Indonesia’ leading healthcare platform, raised US$65 million in Series B funding from UOB Venture Management Private Ltd., existing and new investors, the company said on Monday (03/05). Other new investors in the financing round include Singtel Innov8, Korea Investment Partners Co. Ltd., and WuXi AppTec. With the fresh...
JAKARTA (TheInsiderStories) – PT Salim Ivomas Pratama Tbk (IDX: SIMP), which is engaged in palm oil production in Indonesia, has withdrawn from the Roundtable on Sustainable Palm Oil (RSPO) membership. The decision has been taken followed by failing to address serious problems with its production standards and company plans...
Indonesia' AirAsia Withdraws Flights from Traveloka
JAKARTA (TheInsierStories) - Indonesian flight carries, PT AirAsia Indonesia Tbk (IDX: CMPP) has decided to permanently withdraw ticket sales from online travel agent Traveloka. The withdrawal covers all flight routes across the AirAsia network, said an official statement today (03/04). According to the President Director of AirAsia Indonesia Dendy Kurniawan,...
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...
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...
JAKARTA (TheInsiderStories) – Today is the end of the waiting eight-years of trade negotiations between Indonesia and Australia by signed Comprehensive Economic Partnership Agreement (IA-CEPA) in Jakarta, on Monday (03/04). With this trade contract, the two countries agreed to focus on eliminating tariffs and addressing 'Non-Tariff Barriers'. The signing ceremony held...
JAKARTA (TheInsiderStories) – Ministers from 16 countries participating in the seventh Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) in Siem Reap, Cambodia, are committed to holding more inter-session meetings to the pact which will be completed in 2019, according to a joint statement. To reach the target deadline,...
JAKARTA (TheInsiderStories) – Eurozone inflation edged higher in line with expectations in February as food and energy price rises accelerated. But there was no matching increase to the core rate that the European Central Bank (ECB) closely watches. The European Union's statistics agency Eurostat estimated that prices in the 19-country currency bloc...
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...
Indonesia Export Duty of Mining and Comodities to Rise in March 2019
JAKARTA (TheInsiderStories) – Indonesian government decides to rise the Export Benchmark Prices (EBP) of mining products and some of the commodities charged by export duty (ED) in the period of March 2019 compared to the previous month, said senior minister today (03/01). According to Director General of Foreign Trade Oke...
JAKARTA (TheInsiderStories) – Indonesia Statistic report, the number of tourists to Indonesia in January 2019 reached 1.16 million visits, an increase of 5.22 percent compared to January 2018, which amounted to 1.10 million visits. However, when compared to December 2018 which is the peak season period, the number of visits...
Indonesia's BoP will Surplus in 1Q 2019, says BI
JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI) Perry Warjiyo optimistic balance of payment (BoP) will record a surplus in the first quarter (1Q) of 2019, continuing the record at the 4Q of 2018, which was surplus US$5.4 billion. In the first until the third quarter (Q3) of 2018,...
Indonesian Bourse Facilitates Stocks Triparty Repo
JAKARTA (TheInsiderStories) – Indonesia Clearing and Guarantee Corporation (ICGC) issued triparty repurchase agreement regulation to market players. The agency will be the third party in the repo agreement where seller borrows some funding from buyer with the guarantee of several securities instrument, told senior officer today (03/01). President Director of...
Indonesia Targets US$714.28 M from Retail SUKUK
JAKARTA (TheInsiderStories) - Indonesian government officially launched Retail SUKUK series SR-011 and hoped to raise fund of US$ 714.28 million (Rp 10 trillion) from this instrument, said the senior minister today (03/01). Director General of Finance and Risk Management Ministry of Finance Luky Alfirman stated, this instrument is tradable so...
Indonesia Post Deflation 0.08% In February 2019
JAKARTA (TheInsiderStories) - Indonesia recorded deflation of 0.08 percent in February over the previous month (2.57 percent y/y), with the Consumer Price Index (CPI) of 135.72. Of the 82 CPI cities, 69 cities get deflation and 13 cities get inflation, told Indonesia Statistic today (03/01). The highest deflation occurred in...
JAKARTA (TheInsiderStories) - Bank of Indonesia (BI) recorded Rp5,645.8 trillion (US$403.27 billion) circulated money liquidity in January, grew by 5.5 percent from a previous year. In December 2018, the amount of circulated money increased by 6.3 percent. The central bank reported, the slowdown was contributed by a decrease in net...
JAKARTA (TheInsiderStories) – The United States (US) partial shutdown, which began on Dec. 22, is expected to reduce fourth quarter (4Q) GDP growth by around 0.1 percentage points when calculating the impact of the reduction in services provided by the federal government. But the estimate is far from the...
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...
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...
JAKARTA (TheInsiderStories) - The Association of Indonesian Life Insurance recorded returns on investment income over the past year plunged 84.5 percent from Rp50.45 trillion in 2017 to only Rp7.83 trillion (US$559.82 million. This is contrary with the conditions in 2017 which recorded an increase of up to 48.6 percent compared...
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...

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