Wednesday, July 17, 2019
JAKARTA (TheInsiderStories) - Indonesian oil and gas producer, PT Medco Energi International Tbk (IDX: MEDC) reduce its private placement targets from Rp2.31 trillion to Rp1.53 trillion (US$106.07 million) in the midst of high market turmoil. The approval from the shareholders its expecting on Nov. 15, 2018. In the public announcement released on Wednesday (10/10),...
JAKARTA (TheInsiderStories) – Indonesia’s largest bank in assets term PT Bank Mandiri Tbk (IDX:BMRI) on Wednesday (21/3) installs four new directors, replacing those who have ended their term. The decision was made at the bank’s annual shareholders meeting. The new directors that were appointed are Panji Irawan, former BNI director,...
JAKARTA (TheInsiderStories)—The Indonesian government announced eight strategies to counter the trade war, is this effective? The trade war's threat imposed by the United States will eventually affect Indonesia. The US government is evaluating the existence of a generalized system of preference (GSP) given to products from Indonesia. Following a trade deficit with Indonesia, the...
Projected growth of 6.4 percent provides more space to address longer-term challenges Bangkok - Improved global growth prospects and continued strong domestic demand underpin a positive outlook for the developing economies of East Asia and the Pacific, says the latest World Bank report on the region. Stronger growth in advanced economies,...
JAKARTA (TheInsiderStories) - President Joko Widodo calls on the developers of the 140.9-kilometers of Bakauheni-Palembang toll road to be completed before the Asian Games in the middle of this year. The President made the call during the inauguration of the first section of the toll road on Sunday (21/01),...
JAKARTA (TheInsiderStories) – The Indonesian electronic money (e-money) service TCash officially changes to LinkAja, as an electric payment (e-payment) instrument belonging to the State-owned Bank Association and cellular operator, PT Telekomunikasi Selular (Telkomsel) today. But, the license will launching on March 3rd 2019, told company official report in the written statement...
Car Manufacture
JAKARTA (TheInsiderStories)--Indonesia's manufacturing sector in the first semester this year grew below 2018 target, making it harder to reach Making Indonesia 4.0 target of 25 percent contribution to the gross domestic product (GDP) by 2030. Manufacturing sector recorded 4.58 percent in the first quarter this year (yoy), then decelerated to...
Consumer Confidence Index Decline in March 2019
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) assessed the Consumer Confidence Index (CCI) on April 2019 was 128.1, higher than 124.5 in the previous month. The central bank said the rising of consumer optimism was driven by stronger consumer expectations for the future and the improving of perceptions on the current...
JAKARTA (TheInsiderStories) - Minister of Finance (MoF) assured that Indonesia's revenues will exceed the target in 2018 State Budget. First time in the history. By the end of 2018, said the minister Sri Mulyani Indrawati, Indonesia can gain Rp1,936 trillion (US$133.52 billion) in state revenues, or 18.2 percent increase compared to last...
JAKARTA (TheInsiderStories)—Bank Indonesia raise key interest rate by 25 basis points (bps) to 4.75 per cent to stabilize rupiah, said Bank Indonesia governor Perry Warjiyo on Wednesday (25/05). The Indonesian Central Bank also raised deposit facility rate by 25 basis points to 4.00 per cent, and lending facility rate by 25...
JAKARTA (TheInsiderStories) – President Joko Widodo on Thursday (15/3) held a gathering with the country’s top banking officials at the State Palace. The President called on the bankers to be more aggressive in providing loans as a move to help accelerate the country’s economic growth, which has been growing...
Moody's: US-China Battles Still Hits Asian Export Weakness
  JAKARTA (TheInsiderStories) -- Direct investment flows from the US into low-tax countries are likely to fall, in some cases meaningfully, as a result of the US tax overhaul, which generally dis-incentivizes multinationals from keeping assets and operations in low-tax jurisdictions, Moody's Investors Service says in a new report. While the...
JAKARTA (TheInsiderStories) - The United Arab Emirates (UAE) is interested to invest up to US$5 billion in energy, infrastructure and agriculture sectors in Indonesia, showing growing interest of this Arab peninsula country in Indonesia. "We are very glad that the agreement is signed today. We can assure you, from our side...
Sets Ticket Tariff, the Government Requests Airlines to Complies
JAKARTA (TheInsiderStories) – The government through the Ministry of Transportation has issued two new rules related to airplane tariffs on Friday last week. With these rules, the government requested that airlines throughout Indonesia immediately comply by lowering their plane tickets, said a senior minister in a written statement on...
JAKARTA (TheInsiderStories) – PT Barito Pacific Tbk (IDX:BRPT), a diversified energy and petrochemical group, is planning to launch 1-for-2 rights issue, in which the holder of one unit of old shares will have the right to purchase 2 new shares. The plan is pending on the approval of the...
JAKARTA (TheInsiderStories) - Industrial Bank of Korea (IBK) officially owned 95.79 percent of Indonesian lender PT Bank Agris Tbk (IDX:AGRS). Followed the compeletion, IBK intends to merge the bank with other publicly listed lender, PT Bank Mitraniaga Tbk (IDX: NAGA). On February, 2018, the Korean bank announced to obtain 4.59 million shares...
JAKARTA (TheInsiderStories) - The OPEC and Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Abu Dhabi, United Arab Emirates, for its eleventh meeting on Nov. 11, 2018 considers to cut the productions in 2019.  At the meeting, the committee's communique sets up a potential agreement to throttle back production when the entire...
JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a Baa2 long-term foreign currency senior unsecured rating to PT Bank Rakyat Indonesia (IDX: BBRI)proposed US dollar denominated senior unsecured notes. The rating outlook is stable. The notes will have a maturity of five years and will be listed on the Singapore Stock Exchange....
JAKARTA (TheInsiderStories) - The Indonesian Government has decided to cap ceiling price of coal for domestic market obligation (DMO) at US$70 per ton, for 6,322 calorie coal, or price is set based on the benchmark Indonesia Coal Price (HBA) if the coal price moves to below US$70 per ton...
By Harumi Taguchi, Principal Economist, IHS Markit  Key Points: Ÿ   Japan’s trade balance turned to a deficit of JPY203 billion (USD1.8 billion) on a non-seasonally adjusted basis in May, but the balance held on to a surplus of JPY134 billion on a seasonally adjusted basis, even though this was a decline...
JAKARTA (TheInsiderStories—The World Bank has revised up its projection for China’s economic growth in 2017, driven by rising household incomes and improving external demand. Now the World Bank projected the China’s economy to grow by 6.8 per cent in 2017, exceeding initial expectations, according to the World Bank’s China Economic Update released today. “China...
JAKARTA (TheInsiderStories) - The new Australian Prime Minister Scott Morrison is scheduled to visit Indonesia and meet with President Joko Widodo on Friday (31/08). Free trade and closer economic cooperation between two leaders will be Morrison's goal in Jakarta. The both leaders its expecting will sign a comprehensive economic partnership and pacts on transport...
JAKARTA (TheInsiderStories) - Indonesia-based listed property company PT Lippo Karawaci Tbk (IDX:LPKR) reported its 9M 2017 results revenues remained flat at Rp 7.5 trillion (year on year/yoy), according to company statement. Likewise Gross Profit and Net Profit remained flat YoY at Rp3.2 trillion and Rp625 billion respectively. Revenues from the Residential...
JAKARTA (TheInsiderStories) - The puzzle over the chairman of Joko Widodo - Maruf Amin campaign team has been answered. Vice Presidential candidate Amin confirmed that Erick Thohir, a businessman has picked to lead of the his and Widodo campaign team. The chairman of National Campaign Team of Widodo-Amain are scheduled for at least...
JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) filed notice to the Financial Services Authority that it will request shareholders to approve a 4 for 1 stock split at the forthcoming June 16th 2017 Annual General Meeting of Shareholders. The company is also finalizing its proposal to the OJK for the rights issue approved by...
JAKARTA (TheInsiderStories) - Indonesian central bank Governor Agus D.W Martowardojo will end his tenure this May, and President Joko Widodo (Jokowi) has made it known that he is on the lookout for a suitable candidate to succeed as Bank Indonesia (BI), the country's central bank. With three months to go...
JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned Baa2 ratings to the proposed senior unsecured dollar and/or euro-denominated notes to be issued by the Government of Indonesia (Baa2 stable). The planned drawdowns have maturities ranging from 7-10 years. According to the terms and conditions available to Moody's, the notes to be...
JAKARTA (TheInsiderStories) - Trade war fears are still bring a negative sentiment to the market. This Friday, the European Union will impose import duties on United States's (U.S) products in response to import tariffs for steel and aluminum starting June. But, the Federal Reserve (Fed) governor Jerome Powell is still...
Moody's Investors Service has taken a number of rating actions on non-financial corporates in Indonesia that are also government-related issuers. The rating actions follow its earlier announcement that it has upgraded Indonesia's sovereign rating to Baa2 from Baa3. As a result of the sovereign rating action, Moody's has upgraded the...
JAKARTA (TheInsiderStories) — Indonesian gold miner, PT J Resources Asia Pasifik Tbk (IDX: PSAB) will issue 2.64 billion new shares through private placement, said the spokesman Edi Permadi on Friday (01/18). The share issuance is equal to 9.09 percent of company’s capital. Company will hold extraordinary shareholders meeting on Feb....

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