JAKARTA (TheInsiderStories) - Delicate situation of oil price made Saudi Arabia recommended oil producer countries to gently driving oil inventories down. It sees no need to boost production quickly now, with oil at around US$70 a barrel, as it fears a price crash and a build-up in inventories.
Saudi Energy Minister Khalid...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed at 5,826.87 in Friday' trading, weakening 1.17 percent from the previous day, which closed up 0.59 percent to 5,930.27. For today, the composite index is estimated to strengthen at 5,800-5,900, said Reliance Sekuritas.
Top Gainers
On Friday, the top gainers were PT...
JAKARTA (TheInsiderStories) – Indonesian government renegotiated the Masela block' plan of development (PoD) with Japan' Inpex Corporation, said the minister on Thursday (05/16). With this effort, its expected the giant gas block can operate soon.
Minister o Energy and Mineral Resources Ignasius Jonan explained the meeting was focused on to get the best...
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) accelerated the issuance and transactions of commercial bond instruments as a source of non-banking short-term funding, said the deputy today (15/17). It aims to encourage domestic demand and support the infrastructure of commercial bonds issuance and transactions.
According to deputy governor of BI Dody...
JAKARTA (TheInsiderStories) – PT Astra International Tbk (IDX: ASII) infrastructure developer' ASTRA Infra through PT Astra Tol Nusantara officially acquired 44.5 percent of PT Jasamarga Surabaya Mojokerto (JSM) shares to strengthen the investment portfolio in the Trans Java toll road.
The company hold the Surabaya -Mojokerto toll road concession in East Java.
President...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted that foreign capital outflow from Indonesia on May 13-16 reached Rp11.3 trillion (US$784.72 million), consisting of Rp7 trillion from the government bond and Rp4 trillion from shares trading.
Governor of Bank Indonesia Perry Warjiyo revealed a large number of foreign capital outflows due...
JAKARTA (TheInsiderStories) - Indonesia’s state-owned energy producer, PT Pertamina will increase refinery capacity to 2 million barrels per day on the modernization and construction of Pertamina's Refinery Development Master Plan (RDMP) and Grass Root Refinery (GRR). This figure has doubled from the current capacity of 1 million barrels per day.
Pertamina's...
JAKARTA (TheInsiderStories) — Indonesia state budget deficit swelled to Rp101 trillion (US$7billion) in April, almost twice higher than Rp54.9 trillion in the same period last year. Finance Minister Sri Mulyani Indrawati, in a press conference Thursday, explained that Indonesia’s revenue collection was Rp530.7 trillion, while the expenditure reached Rp631.78...
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...
JAKARTA (TheInsiderStories) – Indonesian toll road developer, PT Waskita Karya Tbk (IDX: WSKT) raised funds Rp1.84 trillion (US$128.67 million) from a bond issuances. While, its subsidiary PT Waskita Toll Road (WTR), added paid-up capital around Rp2 trillion and placed cash to PT Citra Waspphutowa in the amount of Rp61 billion.
WSKT...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed down 1.42 percent to 5,895.74 from previous day which weakening 1.42 percent to 5,969.86. For today, the composite index is estimated lowering atthe range 5,811-5,853, said PT Binaartha Sekuritas.
Top Gainers
The top gainers on yesterday' trading were PT Jasnita Telekomindo Tbk...
JAKARTA (TheInsiderStories) - Moody's Investors Service ("Moody's") has assigned Baa2 ratings to the proposed senior unsecured yen-denominated notes to be issued by the Government of Indonesia (Baa2 stable). The six planned drawdowns have maturities ranging from three to 20 years.
According to the terms and conditions available to Moody's, the notes...
JAKARTA (TheInsiderStories) - Indonesian government has raised ¥177 billion (US$1.62 billion) funds from six series of Samurai bond sales, finance ministry reported today (05/16). This make the Indonesia become the biggest issuance of such bonds by an Asian country.
Ministry of Finance (MoF) sold the Japanese-currency-denominated bonds with 3 to 20-year maturities...
JAKARTA (TheInsiderStories) – Indonesia' balance of payments (BoP) recorded a surplus of US$2.4 billion in in the first quarter (1Q) of 2019, the central bank reported today. This inline with the larger capital and financial account surplus of $10.1 billion and the current account deficit (CAD) of $7 billion or 2.6...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) decided to maintain the benchmark interest rate, BI 7 days reverse repo rate at 6 percent. It is in line with global and domestic economic conditions.
Governor of BI Perry Warjiyo explained, some central banks have begun to loosen the macroeconomic policies, but it...
JAKARTA (TheInsiderStories) - International rating agency Standard & Poor’s Global Ratings (S&P) stated that Indonesia' Gross Domestic Product (GDP) is considered to be far better due to the investment and infrastructure development. The rapid infrastructure development is good for investment and for economic growth, the agency said.
Kim Eng Tan,...
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) – Cooling tension on trade war appeared, when United States (US) President Donald Trump said he would meet Chinese President Xi Jinping late June at the G20 Summit in Japan. The higher tension between the world' largest economies, sending shivers through global markets.
China on Monday (05/06), announced higher...
JAKARTA (TheInsiderStories) - The combined impact of the United States (US) - China technology war and the escalating US-China trade war is clouding the outlook for the Chinese economy amidst signs that domestic economic growth momentum also softened in April, according to IHS Markit in its official statement today.
"Weak...
JAKARTA (TheInsiderStories) - Indonesia's thermal emission quality regulation has been revised by the Ministry of Environment and Forestry in April, but environmental organizations consider the revision of this rule, especially for coal plants, still weak.
Greenpeace Indonesia and BaliFokus or Nexus3 at a press conference on Thursday (05/16) assessed that...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed down 1.49 percent to 5,980.88 from the previous day gained 0.34 percent to 6,091.64. JCI is estimated to increase around 5,960-6,123 for today, said Indosurya Sekuritas.
Top Gainers
On Wednesday, the two top gainers were PT Bliss Properti Indonesia Tbk (IDX: POSA)...
JAKARTA (TheInsiderStories) — Investors responded negatively the trade balance data and pulled out from Indonesian financial market on Wednesday (05/15). Foreign investors recorded net sales of Rp447.48 billion (US$31.39 million) in all markets.
The negative sentiment has bring the Jakarta Composite Index (JCI) dropped below 6,000 and Rupiah near to...
JAKARTA (TheInsiderStories) - Indonesia posted the worse trade deficit in the country' history. Previously, the deepest deficit of US$2.3 billion occurred in July 2013.
Statistic Indonesia reported today (05/15), the nation posted trade deficit of $2.5 billion in April. Last month, the country only export $12.6 billion, or down 13.1 percent...
JAKARTA (TheInsiderStories) - Global oil supply in April slightly decreased by 0.07 million barrels per day (bpd) to average 98.82 million bpd, compared with the previous month, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday (05/15).
According to the organization's monthly oil market report, OPEC' crude oil production remained...
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 down 1.05 percent to 6,071.20, from prior day which closed down 0.88 percent to 6,081.40. For today, the index is supposed to move above 6,100, said Reliance Sekuritas.
Top Gainers
On Tuesday, top gainers were PT Satria Mega Kencana Tbk (IDX: SOTS)...
JAKARTA (TheInsiderStories) - Indonesian government pay attention on the Rupiah movement and trade war. Therefore, President Joko Widodo summoned ministers and related stakeholders in the financial sector to highlight the latest economic developments.
After the meeting, Coordinating Minister for Economic Affairs Darmin Nasution explained, the President Widodo and and the stakeholders...
JAKARTA (TheInsiderStories) - Indonesian government is targeting high-speed train (HST) Jakarta-Bandung operated by PT Kereta Cepat Indonesia China (KCIC) is scheduled to operate in 2021 after years of delay.
President Director of KCIC, Chandra Dwi Putra said the construction work will be boosted in the 2019 semester by increasing the labor...
JAKARTA (TheInsiderStories) - United States Department of Agriculture (USDA) forecasting Indonesia’ 2019-2020 palm oil output at 43.0 million tons (MT), up 1.5 MT or 4 percent from last year. In annual basis, the production increase is attributed mainly to area expansion as yield is expected to be slightly down from 2018-2019.
“Mature...
JAKARTA (TheInsiderStories) – Decline in Crude Palm Oil (CPO) prices slammed the financial condition of Indonesian palm oil producers in the first quarter (1Q) of 2019, Shentonwire reported.
Bumitama Agri Ltd, one of them. Its net profit fell sharply 52.3 percent to Rp110.61 billion (US$7.66 million), according to the SGX...