Friday, August 23, 2019
JAKARTA (TheInsiderStories) – Good Morning. We provide several important news items that might help your business decisions today, as follows: Indonesian Retail Sales Weakens In September  Indonesian retail sales grew by 1.8 per cent (yoy) in September, slowed down from 2.2 per cent in the previous month according to Bank Indonesia. A...
JAKARTA (TheInsiderStories) – In the next 12 months, Indonesia alongside with Vietnam and china, will become the top three countries that will receive increased cross border investment in 21 APEC economies, survey on 1,400 CEO by PowerWaterhouseCoopers (PwC) revealed. According to PwC, about 518 CEO or 37 percent of their...
JAKARTA (TheInsiderStories) – As the Asia Pacific Economic Cooperation (APEC) leaders will hold a summit in Vietnam’s coastal town of Da Nang at the end of this week, two trading groups have resurfaced, namely, the failed of Trans Pacific Partnership (TPP) and the China-led Regional Economic Comprehensive Partnership (RCEP). For...
JAKARTA (TheInsiderStories) - The upcoming Asia Pacific Economic Cooperation (APEC) in Da Nang, Vietnam is a good opportunity for the Indonesian government to re-state bilateral free trade agreements with other organization’s members and push for Indonesia’s flagship commodity exports, in particular with countries where Indonesia is still recording trade...
JAKARTA (TheInsiderStories) - China's trade surplus with the United States (US) fell to US$26.62 billion in October, down from US$28.08 billion in September, the Customs Department announced on Wed. 8, 2017, ahead of United States's President Donald Trump's visit to the country. Overall, China's October exports lagged market expectations, rising just...
JAKARTA (TheInsiderStories) - PT Nusantara Infrastructure Tbk (IDX:META) plans to allocate around US$400 million to invest in Indonesia’s toll road infrastructure projects in 2018-2019, taking part in the government's drive to develop various infrastructure projects in the country. The announcement was revealed by the company following the entry of new...
JAKARTA(TheInsiderStories) - Indonesian Vice President Jusuf Kalla stated that increased domestic and foreign investment, along with exports, is an important factor in boosting economic growth in the third quarter (3Q) of 2017. The country's economy grew by 5.06 percent in the 3Q of 2017, Statistics Indonesia reported on Monday (6/11), and...
JAKARTA (TheInsiderStories) – Good Morning. We provide several important news items that might help your business decisions today, as follows: Bank Mandiri disburses Rp1.4 Trillion Loan to Waskita PT Bank Mandiri (Persero) Tbk (MDRI.JK participates in a syndicated loan worth Rp5.14 trillion to PT Waskita Karya (Persero) Tbk (WSKT.JK) for the...
Indonesian Election: Subianto Announces Potential Persons in His Cabinet
Tax Office Mulls investigation JAKARTA (TheInsiderstories) – Indonesian tax authorities reportedly intend to follow up on information containing names of figures who allegedly store their wealth secretly in offshore tax havens. These are names previously mentioned in the leaked ‘Paradise Papers’ document published by The International Consortium of Investigative Journalists...
JAKARTA (TheInsiderStories) - Indonesian billionaire Sri Prakash Lohia through IRC Agrochemicals Private Ltd. plans to buy Indian's Tata Chemicals Ltd's phosphatic fertiliser business for Rs375 crore (US$58.05 million). The deal is expected to close by February 28, 2018. It is not clear whether IRC Agrochemicals will also acquire Tata Chemicals' 33 percent stake in...
JAKARTA (TheInsiderStories) – Good Morning. We provide several important news items that might help your business decisions today, as follows: Gov't Decision on Designated Stickers for Online Taxi This Week Transportation Minister Budi Karya Sumadi said that the regulation on designated stickers for online taxis will be discussed this week. In a meeting...
JAKARTA (TheInsiderStories) - Philippine infrastructure conglomerate Metro Pacific Investments Corporation, through its unit Metro Pacific Tollways Corp (MPTC), is expanding into Indonesia, the home turf of its principal shareholder, Salim Group. Metro Pacific told the Philippine Stock Exchange on Monday that its tollway arm – Metro per cent Pacific Tollways -- had...
JAKARTA (TheInsiderStories) - Asia Pacific Economic Cooperation (APEC) has gone a long way since its inception, and the member economies have been able to make substantial progress in many areas. For nearly three decades, APEC has contributed to sustaining growth and advancing economic integration in the Asia-Pacific region, created millions...
JAKARTA (TheInsiderStories) – Singapore’s retail group Metro Holdings and Lee Kim Tah Group's wholly-owned Shawco, have inked a master agreement with Indonesian-based company Trans Corp, a subsidiary of diversified group CT Corp found by tycoon Chairul Tanjung, to jointly develop, market and sell five 32-storey residential towers in Bekasi in the outskirt of...
JAKARTA (TheInsiderStories) – Indonesia’s economic growth over the third quarter of 2017 reached 5.06 per cent or relatively steady compared to 5.01 per cent in the same period last year, supported by the household and government government spendings, Statistics Indonesia announced. Cumulative the economic growth for nine Months (9M) stood...
JAKARTA (TheInsiderStories) – While struggling to overcome multiferous accumulated economic challenges, Indonesia is currently entertaining a tremendous dream of becoming an advanced country by 2045 – when the nation celebrates its 100th anniversary. Having been classified a ‘middle-income country’ since the early 1990s, Indonesia will reortedly need some 30 years...
Singapore -- Moody's Investors Service has assigned a first-time B1 corporate family rating (CFR) to Sawit Sumbermas Sarana Tbk (P.T.) (SSMS). At the same time, Moody's has assigned a backed senior unsecured bond rating of B1 to the proposed notes to be issued by SSMS Plantation Holdings Pte. Ltd., a wholly owned subsidiary...
JAKARTA (TheInsiderStories) - Indonesia conglomerate company Salim Group through its unit KMP Private Limited, an investment holding company based in Singapore, set up a joint-venture (JV) integrated poultry farming project in Indonesia with Malaysian CAB Cakaran Corp, Bhd. The construction of the entire farm will take up to five years. The Indonesian operations...

Daily Briefs  – Nov 6

JAKARTA (TheInsiderStories) – Good Morning, we provide several important news that might help your business decisions today, as follows : Becakayu Toll Road Officially opened President Joko Widodo on Friday officiated the operation of the Bekasi-Cawang-Kampung Melayu (Becakayu) toll road sections 1B-1C, whose construction was halted for 20 years. The 1B and 1C Becakayu toll...
JAKARTA (TheInsiderStories) - PT Pertamina, Indonesia’s state-owned diversified energy company, has announced it will inaugurate the groundbreaking of the Refinery Development Master Plan (RDMP) Balikpapan by the end of this year. President Director of Pertamina Elia Massa Manik said the company has set aside cash amounting to US$1.1 billion,...
JAKARTA (TheInsiderStories) - United States President Donald Trump has appointed Jerome Powell to chair the Federal Reserve (Fed), bypassing Janet Yellen for a second term. Powell took office as a member of the Board of Governors of the Fed on May 25, 2012, to fill an unexpired term. He was reappointed and sworn...
JAKARTA (TheInsiderStories) - State electricity company PT Perusahaan Listrik Negara (PLN) will soon sign power purchase agreement (PPA) for nine renewable energy-based power plants with combined installed capacity of 640.65 MW. Director General for New, Renewable and Energy Conservation Rida Mulyana said seven of the 9 power plants are micro...

Daily Briefs, Nov 3

JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Indika Powers Up for Dollar Return Indonesian power producer Indika energy launched a dollar bond on Thursday, turning investors more than a month after a roadshow for the proposed transaction. In late...
JAKARTA (TheInsiderStories) – Indonesian listed companies have unveiled their nine months (9M) financial reports, with most soundly beating market expectations. We wrap up their financial performance in the 9M sectoral base as follows: Banking The sector has shown strong performance with three major state-owned lenders, including largest state-owned lender (by...
JAKARTA (TheInsiderStories) - The Indonesian banking industry’s outstanding loans are growing at a more tepid pace than anticipated, due to weaker demand for property and working capital loans, reflecting the country's muted economic expansion. This phenomenon is forcing the financial sector regulator to revisit its target for full year. Indonesia...
JAKARTA (TheInsiderStories) - Indonesia has made substantial progress in improving its business climate, as reflected in the increase of Indonesia’s global ranking in terms of ‘ease of doing business’ (EODB) a rating issued by the World Bank on Wednesday (Nov. 1): it raised the country 19 places, to 72nd...
JAKARTA (TheInsiderStories) - Federal Reserves has decided to hold its key rate as a move to maintain price stability, after the US economy disrupted by hurricane. “In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate...
Technological challenges apparent Moody's Investors Service says that the outlook for the telecommunications industry in Asia Pacific is stable, but will also face headwinds from technological changes. "Three factors drive the stable outlook; expectations of year-on-year average revenue growth of about 2.0%-2.5% over the next 12-18 months; EBITDA growth...
Fitch Ratings Reaffirmed Indonesia' Rating on Investment Grade Level
SINGAPORE (Fitch) - The swift conclusion of Indonesia's 2100MHz and 2300MHz spectrum auctions is likely to provide greater clarity for both the telecommunications and tower sectors, says Fitch Ratings. On 30 October 2017, the Ministry of Communications and Information Technology announced second-largest telco PT Indosat (Indosat, BBB+/Stable) and fourth-largest PT...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Foreign Direct Investment Edges Up in Q3 Indonesia recorded a slight increase in foreign direct investment in July-September, compared to the previous quarter, according to data released by the National Investment Coordinating...

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