Wednesday, May 22, 2019
JAKARTA (TheInsiderStories) - British Prime Minister Theresa May on Tuesday offered United Kingdom (UK) lawmakers the chance to vote on whether to hold a new referendum on the country's membership in the European Union (EU)— but only if it backs her thrice-rejected Brexit agreement. May made the offer as part of...
JAKARTA (TheInsiderStories) - Indonesia's political situation continued to head up following 6 people died and 200 people were reported injured in the mass rally which took place from Tuesday afternoon to Wednesday morning in the capital Jakarta. "There were 6 people killed, 200 people were injured due to riots earlier...
JAKARTA (TheInsiderStories) - Management of PT Garuda Indonesia Tbk (IDX: GIAA) said that would suffer huge losses around US$18 million per month, if follow the upper tariff limits rule. Recently, Transportation ministry changed the lower limit tariff to 35 percent of the upper limit tariff from earlier 30 percent of the...
JAKARTA (TheInsiderStories) - National police break thousands of anti-Joko Widodo protesters, who had gathered at the headquarters of the election supervisory agency, with tear gas and water canon on Wednesday morning. The police estimated, big mass rally is expected to occur again today with more and more participants arriving...
JAKARTA (TheInsiderStories) – Indonesian General Election results have not yet affected the Jakarta Composite Index (JCI) and the Rupiah exchange rate in the long term, although since the end of last year JCI has decreased to 5.74 percent. While Rupiah is not able to move from Rp14,000 level, said...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo immediately declared his victory following the announcement of General Election Commission (GEC) late Tuesday (05/21). But, his contender Prabowo Subianto was rejected the resulted. The commission had announced, based on the national votes resulted, Widodo and his running mate Ma'ruf Amin has won...
Indonesia’s ten-Parties Predicts Unqualify in 2019 General Election
JAKARTA (TheInsiderStories) – Indonesian General Election Commission (GEC) has determined the recapitulation of the parliament votes by passing big-nine parties. While, seven parties that failed to qualify the parliamentary threshold, including three incumbent parties and four new parties, said an official on Tuesday (05/21). Chairman of the commission Arief Budiman told...
JAKARTA (TheInsiderStories) - Indonesian opposition leader Prabowo Subianto will appeal the election results to the Constitutional Court with evidence of structured, systematic and massive fraud, said member of Subianto - Sandiaga Salahuddin Uno Winning Team. "The report to the Constitutional Court will be submitted on May 21-24 according to the deadline,"...
JAKARTA (TheInsiderStories) – Responding to the announcement of the General Election Commission (GEC) on Tuesday (05/21), the National Police issued a standby one alert, especially in the Jakarta Capital City starting todaday to Saturday (May 21-25), said an official statement. According to the Operational Assistant to the National Police Chief Inspector General...
JAKARTA (TheInsiderStories) - Indonesian politics heated up after the National Police arrested and named suspects in a number of vocal opposition supporters on treason charges. They are lawyer Eggi Sudjana, ex-general Kivlan Zain and famous activist Lieus Sungkharisma. On Tuesday (05/21) it was the turn of the former General Sunarko...
JAKARTA (TheInsiderStories) - Pair of Joko Widodo - Ma'ruf Amin has won 2019 president election, according to the Indonesian election commission' official count released this morning. The incumbent polled 55.50 percent of the total national votes against 44.50 percent for their challenger, Prabowo Subianto - Sandiaga Salahuddin Uno The official...
JAKARTA (TheInsiderStories) – Indonesian oil and gas holding, PT Pertamina budgeted investment funds worth of US$1.9 billion for the exploration and development of 98 Upstream Oil and Gas projects in 2019, said a senior officer last week. In an official statement, director for upstream Dharmawan Samsu, said that the investment constitutes...
JAKARTA (TheInsiderStories) – S&P Global Ratings views Indonesian corporate rating having a good prospect after general elections with a little risk of operation, but not the main catalyst for operations. "Election mostly neutral for corporate credit dynamic. Less event risk but not a major catalyst for operations," said Xavier Jean, Senior Director...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years
JAKARTA (TheInsiderStories) – People's Bank of China (PBoC) warned that uncertainty caused by friction and trade tensions between the United States (US) and China could have a negative impact on the global economy, it said in its latest report on monetary policy implementation in first quarter 2019 last week. According...
Indonesia Assesses the Policy of Financial Liquidity Loan Collaboration
JAKARTA (TheInsiderStories) — Indonesia Finance Minister Sri Mulyani Indrawati officially submitted state revenue and expenditure budget draft for 2020 to House of Representatives, on Monday (05/20). In the draft, macro assumptions set are not much changing compared to the challenging 2019. In the macro assumption, the government set 2020’s economy...
JAKARTA (TheInsiderStories) - The surprise election victory of Scott Morrison’s Liberal-National Coalition in the Australian national elections held on 18th May reflected a mandate from the Australian electorate for sound fiscal management and a return to fiscal surpluses under the Coalition government’s medium-term Budget outlook. While the Labor Party had also...
JAKARTA (TheInsiderStories) – The Indonesian Election Supervisory Board expressly rejected the opposition faction's claim of alleged structured, systematic and massive election fraud which harmed Prabowo Subianto-Sandiaga Salahuddin Uno. The rejection was made because the opposition’ evidence submitted did not support fraudulent claims. The Chairperson of Election Watch Abhan said that...
JAKARTA (TheInsiderStories) - Statistics Japan shows that the country' economy advanced unexpectedly by 0.5 percent quarter-on-quarter in the three months to March of 2019, easily beating market expectations of a 0.1 percent contraction and after a downwardly revised 0.4 percent growth in the previous period, a preliminary estimate showed. The...
JAKARTA (TheInsiderStories) - Delicate situation of oil price made Saudi Arabia recommended oil producer countries to gently driving oil inventories down. It sees no need to boost production quickly now, with oil at around US$70 a barrel, as it fears a price crash and a build-up in inventories. Saudi Energy Minister Khalid...
Subianto Promises to Slice Electricity Price, Widodo Extends Autonomy Fund
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo handed over the security of 2019 election results on May 22 to the apparatus. National Police, Army, and State Intelligence Agency, he said, must be able to anticipate security threat, act of terror and others, that could disrupt the country' stability. "I leave this...
JAKARTA (TheInsiderStories) – Indonesian government renegotiated the Masela block' plan of development (PoD) with Japan' Inpex Corporation, said the minister on Thursday (05/16). With this effort, its expected the giant gas block can operate soon. Minister o Energy and Mineral Resources Ignasius Jonan explained the meeting was focused on to get the best...
Indonesian Bank to Maintain Benchmark Rate at 6% and Implements Mix-Policy
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) accelerated the issuance and transactions of commercial bond instruments as a source of non-banking short-term funding, said the deputy today (15/17). It aims to encourage domestic demand and support the infrastructure of commercial bonds issuance and transactions. According to deputy governor of BI Dody...
JAKARTA (TheInsiderStories) – PT Astra International Tbk (IDX: ASII) infrastructure developer' ASTRA Infra through PT Astra Tol Nusantara officially acquired 44.5 percent of PT Jasamarga Surabaya Mojokerto (JSM) shares to strengthen the investment portfolio in the Trans Java toll road. The company hold the Surabaya  -Mojokerto toll road concession in East Java. President...
JAKARTA (TheInsiderStories) - Indonesia's anti-terrorism forces have arrested at least 10 terrorists who planned attacks during next week's announcement about the results of the contested April presidential election, police said on Friday (05/17). "They want to take advantage of the momentum of mass gatherings to create chaos and unrest in...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted that foreign capital outflow from Indonesia on May 13-16 reached Rp11.3 trillion (US$784.72 million), consisting of Rp7 trillion from the government bond and Rp4 trillion from shares trading. Governor of Bank Indonesia Perry Warjiyo revealed a large number of foreign capital outflows due...
JAKARTA (TheInsiderStories) - Indonesia’s state-owned energy producer, PT Pertamina will increase refinery capacity to 2 million barrels per day on the modernization and construction of Pertamina's Refinery Development Master Plan (RDMP) and Grass Root Refinery (GRR). This figure has doubled from the current capacity of 1 million barrels per day. Pertamina's...
Indonesia Assesses the Policy of Financial Liquidity Loan Collaboration
JAKARTA (TheInsiderStories) — Indonesia state budget deficit swelled to Rp101 trillion (US$7billion) in April, almost twice higher than Rp54.9 trillion in the same period last year. Finance Minister Sri Mulyani Indrawati, in a press conference Thursday, explained that Indonesia’s revenue collection was Rp530.7 trillion, while the expenditure reached Rp631.78...
JAKARTA (TheInsiderStories) - United States (US) President Donald Trump gives another pressure on China to reach a trade deal. Trump signed an order to restrict access for Huawei Technologies Co., into the US market and suppliers. Shortly afterward, the US Commerce Department said it had put Huawei and 70 of...
JAKARTA (TheInsiderStories) - Indonesian Election Watch decided the General Election Commission (GEC) had been proven to be legally violating election administration. The Commission was declared to have violated the procedures for inputting data into the vote counting information system. "To prosecute, one, stated that the election commission was proven to...
JAKARTA (TheInsiderStories) – Indonesian toll road developer,  PT Waskita Karya Tbk (IDX: WSKT) raised funds Rp1.84 trillion (US$128.67 million) from a bond issuances. While, its subsidiary PT Waskita Toll Road (WTR), added paid-up capital around Rp2 trillion and placed cash to PT Citra Waspphutowa in the amount of Rp61 billion. WSKT...