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Jakarta
Thursday, May 24, 2018
JAKARTA (TheInsiderStories)--Bank Indonesia plans to launch the Quick Response (QR) code payment standardization by the end of this month, delayed from the initial plan of April 2018. Bank Indonesia head of transformation Onny Widjanarko on Wednesday (23/05) said the standardization is an initial stage to control the safety of this...
JAKARTA (TheInsiderStories) - Indonesian government is finalizing a regulation on fiscal incentives for new investments below Rp 500 billion (approx. US$35.49 million), which are not covered in the latest tax-holiday scheme. Under the regulation being prepared, fresh investments worth between Rp100 billion and Rp500 billion will be eligible for a 50...
JAKARTA (TheInsiderStories) - The House of Representatives may pass the Anti-terrorism bill on Friday (25/5), Muhammad Syafii, chairman of the special committee for the Anti-terrorism Law discussion, said. "We will hold meetings on Wednesday and Thursday, and on Friday there will been a plenary session for the passing ," he said quoted by Antara on Tuesday, May...
JAKARTA (TheInsiderStories) - PT PELNI Hospital, a subsidiary stated-owned cruise operator of PT Pelayaran Nasional Indonesia (PELNI), plans to raise fresh funds Rp1 trillion (US$70.92 million) through the initial public offering on the Indonesia Stock Exchange (IDX), Bisnis reported on Tuesday (22/05). President Director of Pelni Insan Purwarisya Tobing is...
JAKARTA (TheInsiderStories) - Fabelio.com, an Indonesian start-ups that produce home furnishings got fresh funds from local investors worth US $ 6.5 million. Based on the company's official release on Tuesday (22/05), Fabelio.com plans to expand outside of Java in the near future. Previously in 2016, the Jakarta-based online furniture shop has received $2...
JAKARTA (TheInsiderStories) - Global miner Rio Tinto Group (ASX: RIO) said the discussion of its divestment of 40 per cent interest in the giant Grasberg copper and gold mine in Papua is still on going. The mining giant said discussions about the sale - including the price - are underway with...
JAKARTA (TheInsiderStories)— Five Indonesian companies postponed their initial public offering (IPO) plans due to deteriorating market condition. The five companies include PT Wika Realty, PT Wahana Vinnyl Nusantara, dan PT Artajasa Pembayaran Elektronis and PT Harvest Time. Indonesia Stock Exchange Director Samsul Hidayat said the five companies postponed their IPO planning...
JAKARTA (TheInsiderStories) - International credit rating agency Fitch Ratings said that the recent depreciation of the rupiah may add pressure to developers in Indonesia which have a large portion of loans denominated in US dollar and already face slowing property demand. The Rupiah is the second worst performing currency in...
JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese firm Penta-Ocean Construction as the winner of Japanese funded Patimban Port Project located in Subang, West Java. The minister Budi Karya Sumadi named the winner on...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will conduct three cross foreign exchange swap auctions this week, to maintain the availability of rupiah liquidity and stabilizing interest rates on the financial market. It is been four days after BI raised its benchmark interest rate, but rupiah has not shown any signs...

Latest article

Indonesia Go-Jek Prepares US$500M to Enter SEA Market

JAKARTA (TheInsiderStories) - Indonesia's on-demand services and ride-hailing company Go-Jek announced that it will invest about US$500 million to enter into four new markets...

U.S Overtakes Hong Kong at First Place Ammong World’s Most Competitive Economies

Lausanne, Switzerland –   The top five most competitive economies in the world remain the same as in the previous year, but their order changes,...

Indian Premier Modi to Visit Indonesia Next Week

JAKARTA (TheInsiderStories) - Indian Prime Minister Narendra Modi is all set to travel to Indonesia on May 29 in his first ever visit to...

PTBA Secures US$1.26B Loans from China Exim Bank

JAKARTA (TheInsiderStories)--PT Huadian Bukit Asam Power (HBAP), a joint venture power company between PT Bukit Asam Tbk (PTBA) and PT China Huadian Hongkong Company...

Bank Indonesia to Set Standards on QR Code Payment

JAKARTA (TheInsiderStories)--Bank Indonesia plans to launch the Quick Response (QR) code payment standardization by the end of this month, delayed from the initial plan...

Is Indonesia’s Education Budget Keeping Up with Industry 4.0?

JAKARTA (TheInsiderStories)— While the Indonesian government had set a 20 per cent mandatory allocation of the state budget to education, it remains to be...