Saturday, May 25, 2019
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) - Chinese government made a new breakthrough with no longer force European companies (EU) companies operating in China and said was ready to address industrial subsidies. This was conveyed by Chinese Premier Li Keqiang while attending the annual EU - China leaders meeting in Brussels, Belgium, on Tuesday (04/09). "European...
US Car Tariffs to Disrupt Global Trade Flows worth US$500 B
JAKARTA (TheInsiderStories) – The response to the imposition of United States (US) tariffs on cars and imported parts from the European Union (EU) has the potential to disrupt around US$500 billion in trade flows, Moody's Investors Service report on Tuesday (04/09). It said, this policy could give significant risks to...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index was closed up 0.91 percent to level of 6,484.35 on Tuesday (4/9) than Monday' trading which had been closed down 0.75 percent to level of 6,425.73. In the midst of the increasing, there were some companies posted the increasing of stock prices and...
JAKARTA (TheInsiderStories) — Indonesian plantation company, PT Eagle High Plantations Tbk (IDX: BWPT) and Malaysia' Federal Land Development Authority (Felda) drama is still ongoing. The management said there has been a cheating on the Eagle High Plantation shares sales and purchase owned by the Rajawali Group, the theedgemarket reported. Today...
China, Indonesia Coal Consumption Still Stable in 2019
JAKARTA (TheInsiderStories) – China' coal consumption is expected to remain stable in 2019, and will likely see a fair balance between supply and demand, said the official statement last week. Almost half of world coal consumption is China. Chinese coal consumption are 14 percent of global primary energy, the largest in...
JAKARTA (TheInsiderStories) — United States (US) is increasing tension with the European Union (EU), as Trade Representative proposed a list of Europe' products, such as passenger helicopters, various cheeses and wines, ski-suits, and certain motorcycles to be imposed with tariff. This is a retaliation act caused by EU' subsidies...
IFC: Investors Appetite for Impact Investing to Reach US$26T
JAKARTA (TheInsiderStories) – Investors' appetite in "impact investing" or investments that have positive social and environmental impacts in addition to strong financial benefits can reach US$26 trillion, according to the International Finance Corporation (IFC) report on Monday (04/08). In a report entitled "Creating Impact: The Promise of Impact Investing", IFC...
BI
JAKARTA (TheInsiderStories) – Indonesian retail sales grew by 9.1 percent in February, up from January at 7.2 percent, proven by the Real Sales Index of the Bank Indonesia (BI) today. The index increased are mainly sourced from the clothing subgroup and the cultural and recreational goods group. Retail sales are...
JAKARTA (TheInsiderSrories) - Indonesian investment company, PT Medco Energi Internasional Tbk (IDX: MEDC) targeting the acquisition of Ophir Energy to be completed in the second quarter (2Q) of 2019. The acquisition is considered to be a good step because the company will obtain a portfolio of assets that complement each other,...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) was closed down 0.75 percent or 48.28 points at 6,425.73 on Monday (04/08) compared to last Friday at 6,474.02. In the midst of this weakening, a number of issuers posted increases and decreases in share prices and some took corporate actions. Top Gainers Shares of...
JAKARTA (TheInsiderStories) — Indonesia and South Korea are going to revive its Comprehensive Economic Partnership Agreement (CEPA), after four years stopping. Both countries target to reach US$30 billion trade in 2022. This is stated during South Korea Foreign Minister Kang Kyung-Wha’s visit to Indonesia for the Joint Commission Meeting on...
Indonesia Negotiates Palm Oil Discrimination in Brussels
JAKARTA (TheInsiderStories) – Indonesia is mobilizing all its resources to conduct international negotiations against palm oil discrimination carried out by the European Union (EU). Today (04/08), Coordinating Minister for Economic Affairs Darmin Nasution an officially visit to the EU headquarters in Brussels, Belgium to find solutions of the polemic. The...
Indonesia Targets 18 Industrial Zones worth US$17.73 B to Operate in 2019
JAKARTA (TheInsiderStories) – Indonesia targets to operate 18 industrial zones outside Java in the third quarter (3Q) of 2019. The projects have potential investment of US$17.7 billion, said an official government on Monday (04/07). According to the Director at the Directorate General of Regional Resilience Access to the International Industry...
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 $123.3 billion. The position of forex reserves is equivalent to financing seven months of imports or 6.8 months of imports and payment...
Japan's Current Account Rise to 25.2% in February YoY
JAKARTA (TheInsiderStories) - Japan managed to keep the current account surplus for two running months in early 2019, government data showed on Monday (04/07). In February, Japan's current account increased to JPY2.68 trillion (US$ 24.12 billion) from JPY2.14 trillion in the same month a year earlier (y-o-y), or an...
ASEAN Strengthens Collaboration Facing Global and Digital Economic Challenges
JAKARTA (TheInsiderStories) – Southeast Asian countries (ASEAN) stated to strengthened the collaboration to face the regional and global economic challenges such as trade tension, protectionism, economic downturn in developed countries, changes in the direction of monetary policy in developed countries, and increasing economic opportunities and challenges digital and sustainable...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) was closed down 0.32 percent or 20.61 points to 6,474.02 on Friday (04/05). During the first week of April 2019, the Indonesia Stock Exchange (IDX) recorded the JCI has increased 0.08 percent to 6,474.01 from 6,468.75 last week. Amid the increase, the...
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...
Subianto-Uno Offers New Strategies for Future Indonesia’s 5-years Development
JAKARTA (TheInsiderStories) - Opposition candidate Prabowo Subianto - Sandiaga Salahuddin Uno targets to increase Indonesia's economic growth by 6.5 percent if elected in the 2019 Presidential Election. It is carried out with structural reforms and creating a strong government. "I believe that if we are managed strongly with Subianto-Uno, we...
Four CBs Agreed to Use Local Currency for Trade Transactions
JAKARTA (TheInsiderStories) - Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas, and Bank of Thailand (BoT) collaborate to use local currency settlement (LCS) framework for the Southeast Asian (ASEAN) trading. The four central banks (CB) commitment was agreed in the middle of the ASEAN Finance Minister & Central...
JAKARTA (TheInsiderStories) - Indonesia regulated the Provisions of Petroleum, Natural Gas and Other Fuels export and import, in order to maintain the availability of the materials in the country. Yesterday, Trade Ministry has issued Minister of Trade Regulation Number 21 Year 2019 that have an important role in the national economy. "This regulation...
JAKARTA (TheInsiderStories) - Indonesian state-owned lender, PT Bank Tabungan Negara Tbk (IDX: BBTN) planned to securitize synthetic home ownership loans to get funds Rp 2 trillion (US$141.84 million), said the company on Thursday (04/04). By raising the funds, its expected support the bank' housing loan growth. Director of BBTN Iman Nugroho...
Indonesia’s Inalum and ANTAM to Invest US$850 M to Produce Alumina
JAKARTA (TheInsiderStories) – PT Indonesia Asahan Aluminum (Inalum) and PT Aneka Tambang Tbk (IDX: ANTM) have started the construction of bauxite ore to alumina processing smelter project in Sungai Kunyit, Mempawah, West Kalimantan. The project investment is estimated at US$850 million and is equipped with a steam power plant of...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index was closed up 0.29 percent to 6,494.63 on Thursday (04/04), from previous trading had been closed up 0.21 percent to 6,489.78. In the midst of this increasing, there were several companies posted the declining and increasing of stock prices. While, there were corporation...
JAKARTA (TheInsiderStories) – Japan International Cooperation Agency (JICA) prepared US$881.15 million (Rp12.5 trillion) financing for Indonesia’s infrastructure projects. Indonesia’s first ever Mass Rapid Transit (MRT) is one of those undertakings. “The Rp12.5 trillion is for all projects funded by JICA,” said JICA Indonesia Office Chief Representative Shinichi Yamanaka today (04/04). He...
Indonesia, Thailand Central Bank Strengthen Cooperation in Payment Systems
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) and Bank of Thailand (BoT) have agreed to strengthen the cooperation in the areas of Payment Systems, Financial Innovation, Anti-Money Laundering, and Prevention of Terrorism Funding, said the central banks today (04/04). The agreement was signed by Governor of BI Perry Warjiyo and Governor...
Shentonwire: Singapore's Hyflux Ends the Restructuring Agreement with SM Investments
JAKARTA (TheInsiderStories) – Singapore water and electricity producer, Hyflux Ltd. said to end the investment proposal for the "white knight" from the consortium of Indonesia SM Investments (SMI) Pte Ltd. today (04/04). Despite trying several times to engage in negotiations about restructuring agreements, the company does not have confidence...
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) – The Asian Development Bank (ADB) estimates that Indonesian economy will grow by 5.2 percent this year and 5.3 percent by 2020 triggered by strong investment and domestic demand, said the agency on Wednesday (04/03). According to ADB' Director for Indonesia Winfried Wicklein, with support from solid macroeconomic management...