News

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) officially releases new reference index IDX80 today (01/02). IDX80 is an index of the price of 80 shares of listed companies that have high liquidity and large market capitalization. The existence of this index is expected to be an alternative reference for investors...

JAKARTA (TheInsiderStories) – Indonesia' unicorn GOJEK just completed the first round of the Series F funding led by Google, JD.com and Tencent Holdings, Mitsubishi Corporation, and Provident Capital, told the company on Friday (02/01). The ride-hailing provider seeks US$2 billion funds in several stages. In 2018, GOJEK has raised $1.5 billion...

JAKARTA (TheInsiderStories) – The Indonesia’ development of commodity prices in January 2019 shows a modest increase and become major contributor for the inflation. Statistic Indonesia reporterd last month the country posted inflation of 0.32 percent from previous month 0.62 percent. On the annual basis, inflation rate recorded 2.82 percent, lower...

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B1 corporate family rating (CFR) of Sawit Sumbermas Sarana Tbk (P.T.) (SSMS) and the B1 senior unsecured rating on the $300 million notes issued by its wholly owned subsidiary, SSMS Plantation Holdings Pte. Ltd. At the same time, Moody's has revised the...

JAKARTA (TheInsiderStories) – With the United States (US) -China trade talks ongoing in Washington, President Donald Trump is scheduled to meet Chinese Vice Premier Liu He at 3:30 p.m EST. There is an indication that China will follow US demands for deepen economic reforms. In his twitter account, Trump said...

JAKARTA (TheInsiderStories) -Good Morning! Italy has fallen back into recession after economy shrinks by 0.2 percent. The country damaged intensifying concerns about the 19-country eurozone economy. The third largest economy in the Eurozone crisis could bring negative effect to the European and global economy. Many economists predict the effect would be much worse...

JAKARTA (TheInsiderStories) - "Criticism is the evaluation of the mind against reality, namely breaking down policy inconsistencies. Inconsistency in policy must first begin by examining incoherence in ideas. Therefore the function of criticism is to parse, not build," wrote by well-known political observer Rocky Gerung on his Twitter account. The former...

JAKARTA (TheInsiderStories) – Although the Federal Reserve has signaled that it will hold the key benchmark rate in consonance with market consensus, but the Development Bank of Singapore (DBS) Bank economist predicted that there will be a change of Fed rate this year, told the DBS Asian Insight Conference in Jakarta, on...

JAKARTA (TheInsidersStories) - Moody's Investors Service has assigned Baa2 backed senior unsecured debt ratings to the planned US dollar-denominated SUKUKS (trust certificates) to be issued by the Government of Indonesia (Baa2 stable) through Perusahaan Penerbit SBSN Indonesia (PPSI) III, under its existing $25 billion trust certificate issuance program. The ratings apply...

JAKARTA (TheInsiderStories) – An Indonesian on-demand specialty coffee startup Fore Coffee raised US$8.5 million funding from investors, said the company today (01/31). The fresh fund came from syndication of East Ventures, SMDV, Pavilion Capital, Agaeti Venture Capital, Insignia Ventures Partners, and other investors. As of today, Indonesia is the second largest...