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– PT Salim Ivomas Pratama Tbk (IDX: SIMP), which is engaged in palm oil production in Indonesia, has withdrawn from the Roundtable on Sustainable Palm Oil (RSPO) membership.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,...
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...
Indonesia-Australia Officially to Sign Free Trade Agreement
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...

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Insight: The Indo-Pacific Cooperation's Significance for Indonesia

Insight: The Indo-Pacific Cooperation’s Significance for Indonesia

JAKARTA (TheInsiderStories) – Indonesia held a High-Level Dialogue on Indo-Pacific Cooperation (IPC) in Jakarta on March 20, 2019, with the theme "Towards a Peaceful,...
Indonesia Initiates Indo-Pacific Cooperation to Maintain Economic Stability

Indonesia Initiates Indo-Pacific Partnership to Maintain Economic Stability

JAKARTA (TheInsiderstories) – In the midst of various global economic uncertainties, Indonesian government sees the importance of the Indonesia-Pacific region partnership that is home to...
Bank of Japan Maintains Negative Interest Rate

Japan February Inflation Rate Weaker than Estimated

JAKARTA (TheInsiderStories) - Statistics Japan shows that the country' annual inflation lowered to 0.7 percent in February from 0.8 percent in a month earlier....
PM May and EU Parliament Gets “Two New Deadlines” after Crisis Talks

May, EU Parliament Sets New Deadlines for Brexit

JAKARTA (TheInsiderStories) – European Union (EU) Parliament finally gave a two-tier extension for United Kingdom (UK) Prime Minister Theresa May' Brexit planned by softening the...
Boeing Suspends the Operations of 371 MAX 737 Aircraft

Two Indonesia’s Airlines Cancels Boeing Purchase Plans

JAKARTA (TheInsiderStories) - Two flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) and PT Lion Mentari Airlines had canceled Boeing 737 Max 8 booking. The...

Moody’s Revises Indosat Ooredoo’s Outlook to Negative

JAKARTA (TheInsiderStories) -  Moody's Investors Service ("Moody's") has revised the outlook on P.T. Indosat Tbk' (lndosat Ooredoo) ratings to negative from stable. At the same...