Wednesday, May 22, 2019
JAKARTA (TheInsiderStories) – Indonesia targets to become one of the developed countries by 2045 and the economic growth at 7.3 percent at the year, said a minister on Thursday (05/09). The vision makes Indonesia a high-income country with the fifth highest GDP in the world with an average economic...
JAKARTA (TheInsiderStories) - Indonesian government will set up state-owned Housing and Infrastructure holding company  (HoldCo) in mid-February, said the official government today (01/28). Previously, the minister Rini Soemarno targeted the unfinished-holding companies such as infrastructure, insurance, housing, industrial estate, port, defense, pharmacy, cement, and financial sector will be finished in March of...
JAKARTA (TheInsiderStories) - Indonesian conglomerate Bakrie Group and The Century Properties group is entering a joint venture with  to develop several projects in the Philippines, local news agency reported. Century said that it signed a memorandum of understanding with Bakrie Group at the sidelines of the ASEAN Summit, to build a...
Singapore -- Moody's Investors Service, ("Moody's") has today assigned a provisional foreign currency senior unsecured programme rating of (P)Baa2 to the new shelf programme by the Government of Indonesia. The shelf programme was filed with the Securities and Exchange Commission (SEC) in the U.S. under a shelf registration process and the...
JAKARTA (TheInsiderStories) -  The Committee for Acceleration of Priority Infrastructure Delivery (KPPIP), targeting the completion of 49 by 2018 from a year ago has finished 26, spending Rp46.5 trillion (US$3.44 billion), according to one official on Wednesday (20/12). The Government has completed six projects in 2017, worth Rp13.1 trillion. KPPIP has also done...
JAKARTA (TheInsiderStories) - South Jakarta Court ruled on Tuesday (31/07) to disband Indonesia largest Islamic State-linked organization Jamaah Anshorut Daulah (JAD) for terrorism-related activities. Beside the ban, the court also ordered the organization to pay Rp 5 million (US$349,650) in fines. Judge Aris Bawono Langgeng stated that JAD as represent by  Emir Zainal...
JAKARTA (TheInsiderStories) - Saiful Mujani Research and Consulting (SMRC) survey released a national electability survey of presidential and vice-presidential pair for the 2019 Presidential Election. As a result, Joko Widodo - Ma'ruf Amin won with 54.9 percent, while Prabowo Subianto - Sandiaga Uno was 32.1 percent. "The respondent was given...
JAKARTA (TheInsiderStories) – State-owned construction company PT Adhi Karya Tbk (IDX:ADHI) announced its plan on Wednesday to issue bonds worth Rp3.5 trillion to partly funds the light rapid transport (LRT) in the Greater Jakarta area (Jabotabek), as the government drafting ruling to provide political and investment guarantee. The bonds will...
JAKARTA (TheInsiderStories) – Indonesian government has won PT Pasifik Satelit Nusantara (PSN) consortium as the winner of the Government Multifunctional Satellite auction with worth of US$1.5 billion. The Public-Private Partnership projects targeted to launch in 2022. In an official statement released last week, chairperson of the auction committee at the Information, Communication and Technology (ICT)...
JAKARTA (TheInsiderStories) - Global equity firm, CVC Capital Partners through its unit, Prime Health Company Ltd aggressively adds share ownership in PT Siloam International Hospitals Tbk (IDX: SILO). In the past month, at least CVC has added 129.7 million shares of the unit of PT Lippo Karawaci Tbk (IDX: LPKR). SILO is...
Insight: Questioning Trump's Denuclearization Commitment
JAKARTA (TheInsiderStories) – United States (US) is considering setting up a diplomatic office in North Korea, a symbolic move that could show how relations between Washington and Pyongyang have seriously begun to thaw while the two sides negotiate to curtail Pyongyang’s nuclear and missile forces, according to a Trump...
JAKARTA (TheInsiderStories) - Monday was a busy day for the Demokrat Party. The chief patron Susilo Bambang Yudhoyono (SBY) met top leaders from the opposition coalition to propose negotiations as the Aug. 10 deadline for president and vice president candidates’ registration approaching. SBY kicked off the day with a closed-door meeting with...
JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) launched three new stock indexes on Thursday (17/05) as an alternative reference for investors and traders in the market. It includes IDX High Dividend 20 that groups 20 publicly-listed companies, which regularly distributed dividends to its shareholders for the last 3 years and have...
Indonesia's XL Axiata Raises US$90.8 M from Bond Issuances
JAKARTA (TheInsiderStories) – An Indonesian telecommunication operator, PT XL Axiata Tbk (IDX: EXCL) gives more space to get funding from the market.  After the offering period, XL Axiata increased its bonds and sukuk issuance value to Rp 1.27 trillion (US$90.8 million), that consists of Rp 634 billion bonds and Rp...
JAKARTA (TheInsiderStories) - The recognition of Jerusalem, Palestine as the capital of Israel by US President Donald Trump, replacing Tel Aviv, is likely to have an impact on the economies of countries in the Middle East, and could trigger higher oil prices. The Indonesian government has expressed concern that Trump's announcement could signal...
JAKARTA (TheInsiderStories) - The Ministry of Industry plans to provide manufacturers — principal contributors to the national gross domestic product (GDP) — with three tax incentives to try to jump-start the Indonesian economy, which has suffered from slow growth in recent years. The government expects all sectors excluding the oil &...

Morning Briefs – Dec. 28

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: India's Balmer Divest 50% Indonesian Unit Shares Balmer Lawrie & Co Ltd, unit of the Ministry of Petroleum & Natural Gas, Government of India, is looking to divest 50 per cent stake in its Indonesian...
JAKARTA (TheInsiderStories) - Indonesian government officials have revealed that all e-commerce transactions that are concluded in Indonesia will become subject to import tariffs in the near future. At the same time, the government plans to lower the threshold of duty-free imports from US$ 100 to US$ 75. The ruling is...
JAKARTA (TheInsiderStories) - After some tough negotiations Canada had finally decided to join a new trade deal with the United States (US) and Mexico which will replace the North America Free Trade Agreement. The new trade deal, named United State-Mexico-Canada Agreement (USMCA), will give hopes that multilateral trade system remains the...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo continues to encourage sea toll programs to increase export and logistics  business in Indonesia. Over the last three years, Widodo has expressed its efforts to tackle the issue of stubborn inefficiency in logistics in the country. Widodo has vowed to turn Indonesia into a global maritime axis partly...
JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: FSA to issue new fintech regulation in March The Financial Services Authority (FSA) aims to issue a regulation on financial technology (fintech) businesses by March next year amid robust development of the industry, OJK deputy...
Yogyakarta - Simplification, modernizing and synchronization of import and export processes can reduce trade costs by up to 9 percent in Asia and the Pacific. According to "Trade Facilitation and Better Connectivity for Inclusive Asia and Pacific", the latest report from the United Nations Economic and Social Commission for Asia and...
Bank of England Surplus in 2018
JAKARTA (The InsiderStories) - The Bank of England (BOE) predicted United Kingdom (UK) GDP growth of 1.2 percent this year, lower than its previous forecast of 1.7 percent. This expectation is the slowest since 2009 when the economy was in recession. BOE noted, this forecast is made due to the greater...
JAKARTA (TheInsiderStories) - Indonesia's Ministry of Energy and Mineral Resources (MEMR) define thermal coal reference price at US$96.61 per metric ton (Mt), or up 7.9 percent compared to last month $89.53 Mt and 28 percent from a year ago at $75.46/Mt. The reference price for thermal coal is the basis for determining...
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) - Asian indexes closed sharply lower and U.S. stock indexes declined on Tuesday following massive losses seen stateside in the last session. Jakarta Composite Index (JCI) dropped 111.132 points (1,69 per cent) to 6,448.53 after after moving in the red zone all day. Japan's Nikkei 225 closed down 4.73 percent,...
JAKARTA (TheInsiderStories) - The country's flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) sued Rolls Royce PLC and Rolls Royce Total Care Services Limited, said the company lawyer on Monday (17/09). The lawsuit was filed by the sate-owned firm in the Central Jakarta District Court on Sept 13, 2018. For this...
JAKARTA (TheInsiderStories) - Good morning. Troubles continue in the opposition camp. Deddy Mizwar, a former actor and one of the key figure in the opposition camp, switched side to join the ruling coalition as one of the spokesman. There will be repercussion for Mizwar. For one, he will lose the support from...
JAKARTA (TheInsiderStories)--Indonesia's financial technology (FinTech) peer to peer (P2P) firms had disbursed loans totalling Rp7 trillion (US$486.435 million) by June 2018, FinTech Licensing and Supervision Arrangement Director of Financial Services Authority  (FSA) Hendrikus Passagi said on Friday (13/07). It grew 173.4 per cent from Rp2.56 trillion (US$177.903 million) by the end...
JAKARTA (TheInsiderStories) - Indonesia's President Joko Widodo asked the global financial leaders to alert on the potential global financial crisis at the Annual Meeting Plenary at Nusa Dua, Bali. The International Monetary Fund (IMF) has warned a possible crisis in the global countries followed the trade tension, rising geopolitical risks and policy...