Wednesday, June 26, 2019
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) - 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) - PT Bank Rakyat Indonesia Tbk (IDX: BBRI), issued global sustainability bond of US$500million. This is the first issuance by state-owned lender or financial institutions in Indonesia, told the spokesman on Tuesday (03/25). The US dollar bond has a five-year tenor with a coupon rate of 3.95 percent...
JAKARTA (TheInsiderStories) — The Jakarta Composite Index decreasing by 0.47 percent to 6,276.17 on Wednesday, as there was Rp189.52 billion (US$13.25 million) foreign outflow. All sectors but consumer goods and trade were falling. Mining had the deepest slump by 1.71 percent, followed by infrastructure with 1.4 percent and miscellaneous industry...
JAKARTA (TheInsiderStories) - The long-troubled PT Bumi Resources Minerals Tbk (IDX: BRMS) reported an improvement on its financial position. In the 2018' financial report, debt that company suffered is still not yet healthy, but getting better. It said, there were some corporate actions taken by the company to improve its...
JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) ministry said there are five mineral companies that will carry out the divestment in 2019 - 2020. Previously, two largest minerals producer PT Freeport Indonesia and PT Amman Mineral Resources has fulfilled their obligations. The five companies were PT Vale Indonesia (IDX: INCO),...
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...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index closed down 0.25 percent to 6,452.61, although the index was opened with a gain of 0.26 percent at 6,485.72. In the midst of this weakening, some issuers posted the increasing of shares and others recorded declining. In addition, there were several issuers that...
JAKARTA (TheInsiderStories) - PT Sinarmas Asset Management issued a Real Estate Investment Fund Collective Investment Contract (KIK-DIRE) with underlying shares of PT Plaza Indonesia Realty Tbk (IDX: PLIN). The total value this issuance investment instrument is IDR 10.40 trillion (US $ 37.59 million). Based on information released today, the total...
JAKARTA (TheInsiderStories) - Indonesian central bank (BI) refined the regulation concerning of foreign exchange open market operations. Open market operations on the foreign exchange market are one of BI' monetary policies. The new policy contained in the Bank Indonesia regulation Number 21/6/PADG/2019 concerning the Third Amendment to the Board of...
JAKARTA (TheInsiderStories) – The digital industry in Indonesia' manufacturing sector has a potential to increase sharply and provide added-value to the national gross domestic product (GDP) of US$150 billion by 2025, said industry minister today (04/15). Moreover, the development of this technology-based industry could contributer to economic growth by...
China, North Korea wants to resolving Korean Peninsula issues
JAKARTA (TheInsiderStories)–Chinese President Xi Jinping will meet North Korean President Kim Jong Un to support the Korean Peninsula dispute. He vowed to help make a progress in the negotiations between Pyongyang and Washington on the dispute. Xi visit Pyongyang for two-day starting Thursday at the invitation of leader Kim. "Its support for North...
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'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) – Indonesian government elevated benchmark price for several types of mining products, crude palm oil, and cocoa beans, said the government official on Thursday (05/02). According to the director general of foreign trade Oke Nurwan, based on MinisterTrade Regulation Number 31 Year 2019, dated April 25, the average price increase...
Indonesian Employment Insurance Targets Investment of US$32.9 T
JAKARTA (TheInsiderStories) – Indonesian Social Security for Employment body targets to manage investment funds up to Rp460 trillion (US$32.9 trillion) this year. The amount up 20 percent compared to 2018, with worth of Rp367 trillion, said senior officer yesterday (03/27). According to the Director of the Agency Agus Susanto, this target...
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) – 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...
JAKARTA (TheInsiderStories) - Bank of Japan (BoJ) and Bank of England (BoE) kept its June' monetary policy steady, joining the United States (US) and European central banks in dropping hints of additional easing as the escalating US - China trade war, Brexit, and geopolitics tension in the middle east...
Indonesia's Forex Reserves US$124B in March
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) - The top trade negotiators for United States (US) and Chinese have agreed to resume discussions to resolve their trade dispute, ahead of a meeting between Presidents Donald Trump and Xi Jinping at the Group of 20 (G20) summit in Japan later this week, the brief statement...
Consumer Confidence Index Decline in March 2019
JAKARTA (TheInsiderStories) - Consumer confidence about economic conditions in March 2019 was recorded to decline from the previous month. This is reflected in the Consumer Confidence Index originating from the Consumer Survey released by Bank Indonesia. From the survey, the Consumer Confidence Index in March 2019 was 124.5, lower by...
JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX:BYAN) signed an agreement of coal supplies with Bangladesh-China Power Company Limited (BCPCL). This agreement has 10-years tenor with US$1 billion of investment, said the management on written statement on Friday (06/24). BCPCL is a joint venture company between North-West...
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...
Indonesian Bank to Maintain Benchmark Rate at 6% and Implements Mix-Policy
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) - Indonesia’s foreign exchange reserves stood at US$120.3 billion in May, lower $4 billion than the $124.3 billion recorded a month earlier, Bank Indonesia (BI) announced today (06/13). The central bank noted the position of foreign exchange reserves is equivalent to financing 6.9 months of imports or 6.7 months...
JAKARTA (TheInsiderStories) - Chinese Huawei Technologies Co., Ltd., and Indonesia’ mobile operator, PT Telekomunikasi Selular (Telkomsel) signed a memorandum of understanding to accelerate development of Digital Indonesia in Barcelona, Spain . Based on Huawei' statement released on Tuesday (02/26), both parties will cooperate to accelerate ecosystem and infrastructure development of fully connected digital...
JAKARTA (TheInsiderStories) - Finance ministers and central bankers from the Group of 20 (G20) agreed to address global trade and geopolitical tensions, which show no signs of abating, could propel the world economy into a crisis, according to a joint communique released on Sunday (06/09). The sense of gloom at the gathering...
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...
Indonesian Bank to Maintain Benchmark Rate at 6% and Implements Mix-Policy
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) decided to keep the benchmark 7-Day Reverse Repo Rate (DRR) at 6 percent, based on the latest economic conditions, said senior officer today. Governor of BI Perry Warjiyo said that the decisions taken were consistent with efforts to strengthen external stability, especially controlling the...

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