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Tuesday, August 21, 2018
JAKARTA (TheInsiderStories) - PT Pelabuhan Indonesia (Pelindo) II also known IPC, an integrated port operator, plans to start Cikarang - Bekasi - Java Sea (CBL) inland waterways this year. The project is estimating need costs Rp6 trillion (US$419.58 million). According to the director of IPC Dani Rusli Utama, the initial...
JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) will acquired 44.95 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL) for US$515 million, said the company on August 17. Bayan currently holds approximately 56.05 percent of Kangaroo. Based on the company announcement, Bayan bought Kangaroo's shares at $0.15...
JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount higher 2.46 percent compared to this year targets with amount of Rp410.4 trillion. Sri Mulyani Indrawati told reporters at the press conference on 2019 State Budget,...
JAKARTA (TheInsiderStories) - The damages and losses caused by the Lombok earthquake are huge. The latest estimate by National Disaster Mitigation Agency on August 13, the damage of the earthquake at Rp7.45 trillion (US$520.97 million). The spokesman Soetopo Purwo Nugroho said in a press statement on Wednesday (15/08), the damages and losses...
JAKARTA (TheInsiderStories) - Qatar will rapidly implement an investment package of $15 billion in Turkey to help the country' financial problems. The statement made following the meeting that views were exchanged on bilateral relations and regional matters between President Recep Tayyip Erdoğan met with Emir Sheikh Tamim bin Hamad Al Thani of Qatar at...
JAKARTA (TheInsiderStories) - All businessmen under Indonesian Chamber of Commerce and Industry (ICCI) committed to bring 100 percent of foreign exchange revenues to the country, said the chairman on Wednesday (15/08). Currently, it is only around 85 percent of the revenues come back to the country. “We agree that 100 percent of the...
JAKARTA (TheInsiderStories) - Foreign oil producer PT Chevron Pacific Indonesia and PT ExxonMobil Indonesia would discuss with Indonesian government on the new policy requiring the mandatory sale of crude oil to state-owned energy producer PT Pertamina. Minister Energy and Mineral Resources (MEMR) Ignatius Jonan informed at the limited meeting on Tuesday (14/08), President...
JAKARTA (TheInsiderStories)--Indonesian President Joko Widodo instructed PT Pertamina to buy all domestic oil production at market prices in order to maintain current account deficit (CAD) and stabilise rupiah against US dollar. Indonesia produces around 740,000 to 800,000 barrel oil per day (BOPD) divided to the government's share and oil & gas contractors'...
JAKARTA (TheInsiderStories)--Bank Indonesia raised its benchmark seven-day reverse repo rate by 25 basis points to 5.5 percent amid global and domestic economic pressure, said BI's governor Perry Warjiyo said on Wednesday (15/8). The Indonesian Central Bank also raised its deposit facility rate by 25 basis points to 4.75 percent, and its lending...
JAKARTA (TheInsiderStories)--Indonesia recorded a widening trade deficit to US$2.03 billion in July 2018, the worst since July 2013, due to soaring consumer goods imports, Central Statistics Agency reported on Wednesday (15/8). It worsened than trade balance in the previous month that booked a surplus of US$1.74 billion. Imports soared to US$18.27...

Latest article

Indonesia’s MoF Sell Retal ​​Government Bonds Through Online

JAKARTA (TheInsiderStories) - The Ministry of Finance (MoF) has officially opened the offering period of Savings Bond Retail series SBR004 through online system (e-SBN) on...

Indonesia’s FSA Launch OJK Infinity to Creates FinTech Ecosystem

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority  (FSA) inaugurated the operation of OJK Innovation Centre for Digital Financial Technology (OJK Infinity) which aims to build the FinTech ecosystem...

Dozens Killed on the Streets in Police Crackdown Ahead of Asian Games

JAKARTA (TheInsiderStories) - Indonesian police have shot dead more than 70 people in an escalating crackdown on what they have called ‘petty criminals’ in...

Azrul Tanjung: An Insight Into Ma’ruf Amin’s Economic Agenda

JAKARTA (TheInsiderStories) - As the chairman of Indonesia Ulema Council (MUI) Ma’ruf Amin spent his time and energy not only on the religious life on ordinary...

IPC Plans to Develop CBL Inland Waterways This Year

JAKARTA (TheInsiderStories) - PT Pelabuhan Indonesia (Pelindo) II also known IPC, an integrated port operator, plans to start Cikarang - Bekasi - Java Sea...

Moody’s affirms Modernland’s B2 ratings; outlook stable

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B2 corporate family rating of Modernland Realty Tbk (P.T.). The outlook on ratings is maintained at stable. Moody's...