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Wednesday, November 21, 2018
JAKARTA (TheInsiderStories) - Indonesian internet provider, PT First Media Tbk (IDX: KBLV), PT Internux, dan PT Jasnita Telekomindo' 2,3 GHz frequencies revoke was delayed from plan. The reasoned, cause the Communication and Informatics ministry stated that the frequency license revoking decision has not been discussed by Finance Ministry. Moreover, the companies sent...
JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia lowering the 2019’s economic growth projection, in accordance with the 7-Day Reverse Repurchase (7-DRR) rate increase to 6 percent in the latest Board of Governors meeting. Previously, the central bank predicted Indonesia economy may grow by 5.1 percent to 5.5 percent...
JAKARTA (TheInsiderStories) — Bank Indonesia and People's Bank of China (PoBC) renew its cooperation over bilateral local currency swap arrangement and doubling the amount from CNY100 billion (US$15 billion) to CNY200 billion, according to the central bank official released on Monday (11/19). The agreement was inked by BI Governor Perry Warjiyo...
JAKARTA (TheInsiderStories) - PT Pelabuhan Indonesia I also known Pelindo I, signed financing agreement worth of Rp1.3 trillion (US$88.43 million) from three state-owned enterprises lenders, PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI) and PT Bank Negara Indonesia Tbk (IDX: BBNI) today. According to the...
JAKARTA (TheInsiderStories) - Japan’s trade balance turned to a deficit of JPY449 billion (US$4billion) in October on a non-seasonally adjusted basis, largely reflecting a surge in imports (up 19.9 percent y/y) outpacing exports (up 8.2 percent y/y). On a seasonally adjusted basis, October was the fourth straight month of deficit, which widened...
JAKARTA (TheInsiderStories) - Credit conditions for emerging markets in 2019 will probably be more challenging as global growth slows, financial market volatility continues, interest rates rise and trade protectionism and geopolitical tensions heighten, says Moody's Investors Service in a new report. However, Moody's has a broadly stable outlook on emerging markets, including in Asia....
JAKARTA (TheInsiderStories) — Indonesia expanded the negative investment list to attract more investment coming, said one official on Friday (16/11). The government will allowed foreign investor have 100 percent shares in 54 business fields. Among those, foreign and domestic investors, also small medium-enterprises and cooperation can have 100 percent ownership and license...
JAKARTA (TheInsiderStories) — Indonesia’s ugly current account deficit (CAD) has made government put on thinking cap. To improve the deficit, government obliged Foreign Exchange Revenues from export to be placed in Indonesia' Financial System. The regulation will be implemented to natural resources such as mining, agriculture, forestry, and fisheries, with bigger...
JAKARTA (TheInsiderStories) — Good morning! Last week, Indonesian government issued 16th Economic Policy Package, include expansion of tax holiday, relaxation of negative investment lists, and foreign exchange exports for natural resources rules. The goal is to reduce the current account deficit (CAD) at the safe level. Through the policy package, Government extended...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted the volume and value of electronic money transactions during January-September 2018 increased significantly compared to the same period last year. Based on the central bank' Payment System Statistics data, the volume of electronic money transactions during the period reached 1.99 billion transactions. The...

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Japan’s Sumitomo Invests US$1.8B in Indonesia’s EV Battery Project

JAKARTA (TheInsiderStories) - Japan's miner Sumitomo Metal Mining Co., Ltd., planned to invest US$1.8 billion on EV battery  businesses in Indonesia. The miner has conducted...

Morning Briefing: Indonesia Postponed Jakarta-Bandung HST, LRT Projects

JAKARTA (TheInsiderStories) — Good morning! Transportation Ministry postponed the development of two national strategic projects namely Jakarta-Bandung High Speed Train (HST) and Light Rail Transit...

French Michelin, South Korean Hankook Eyes Indonesian Tyre Maker Multistrada’s Shares

JAKARTA (TheInsiderStories) - A number of global tyre companies have shown their interest in acquiring Indonesia’s tyre maker, PT Multistrada Arah Sarana Tbk (IDX: MASA),...

Indonesian Gov’t Call Off to Revokes First Media Frequency License

JAKARTA (TheInsiderStories) - Indonesian internet provider, PT First Media Tbk (IDX: KBLV), PT Internux, dan PT Jasnita Telekomindo' 2,3 GHz frequencies revoke was delayed from plan....

Morning Briefing: Bank Indonesia Sees Lower Economic Growth

JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia lowering the 2019’s economic growth projection, in accordance with the 7-Day Reverse Repurchase (7-DRR) rate increase...

Indonesia, China Renew Bilateral Local Currency Swap Arrangement

JAKARTA (TheInsiderStories) — Bank Indonesia and People's Bank of China (PoBC) renew its cooperation over bilateral local currency swap arrangement and doubling the amount from...