JAKARTA (TheInsiderStories) - Canadian venture exchange oil and gas publicly traded company, Sonoro Energy Ltd. (TSXV: SNV) has entered into a strategic alliance agreement with one of Indonesia's largest companies to develop oil and gas activities in Budong Budong Production Sharing Contract (PSC) as joint partners, it said on Tuesday (11/09). This strategic relationship...
JAKARTA (TheInsiderStories) - Moka, a fast-growing Indonesian cloud-based point-of-sale system, has raised US$24 million Series B round led by Sequoia India. The round included new investors SoftBank Ventures Korea, Singapore-based EDBI, EV Growth, as well as existing investors PT Mandiri Capital, Convergence, and Fenox. The new capital will give the company...
JAKARTA (TheInsiderStories) - Indonesian Government through State Owned Enterprises (SOEs) has shaken up again the management of Energy producer PT Pertamina through the extraordinary shareholders meeting held today (13/09) at the ministry office. According to our reliable sources close to the company, Finance Director of Pertamina Arief Budiman has sent his...
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B2 corporate family rating of Alam Sutera Realty Tbk (P.T.) and affirmed the B2 backed senior unsecured rating of the 2020 notes and 2022 notes issued by Alam Synergy Pte. Ltd., a wholly owned subsidiary of the company. The notes are guaranteed by Alam Sutera and...
JAKARTA (TheInsiderStories) - Former Social Minister Idrus Marham has been detained for the next 20 days by Indonesia' Corruption Eradication Commission in connection with bribery case for Riau-1 coal fired power plant project. On Friday (31/O8), Marham walked out of the Corruption body's lobby at 6.25 p.m . He was guarded to...
Indonesia's XL Axiata Raises US$90.8 M from Bond Issuances
JAKARTA (TheInsiderStories) - Indonesian cellular operator PT XL Axiata Tbk (IDX: EXCL) published two debt securities under a two-year program with total amount Rp2 trillion (US$68.96 million), it said on Thursday (13/09). The unit of Malaysian Axiata Group Bhd has planned to issue debt securities with total amount Rp5 trillion...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo and Vietnam President Tran Dai Quang are committed to develop the economic cooperation between the two countries, it said in official statement on Tuesday (11/09). "In the past three years, our trading trend has been quite good and reached a value of US$6.8 billion. We...
Insight: Questioning Trump's Denuclearization Commitment
JAKARTA (TheInsiderStories) - Four global leaders meeting this September will give major influences to the global market amid the high tense in Korean Peninsula. North Korean leader Kim Jong Un has requested a second summit with United States (US) President Donald Trump after their first meeting in Singapore. At the same time...
JAKARTA (TheInsiderStories) – The House of Representatives’ Commission-XI, which is in charge of state budget, has approved the macroeconomic assumptions in the 2019 state budget with economic growth being targeted at 5.3 percent and inflation at 3.5 percent. During the hearing with the House’s state budget commission led by Commission-XI Chairman Melchias...
JAKARTA (TheInsiderStories)—Indonesia's President Joko Widodo on Thursday (21/06) announced a Rp11 trillion (US$789.8 million) plan to add a fourth terminal at Soekarno-Hatta International Airport. The current development process is in the engineering design process with construction estimates starting in 2020. Soekarno-Hatta Airport operator PT Angkasa Pura II (Persero) will invite...

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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...