Friday, May 24, 2019
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, extending yesterday’s gains, partly driven by news of widening trade surplus in April. Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached...
JAKARTA (TheInsiderStories.com) - Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached US$11.93 billion, declined by 10.20 percent from previous month, but rose 10.31 percent from the same month last year. As...
JAKARTA (TheInsiderStories) - AirAsia Berhad signed the memorandum of understanding (MoU) with Everbright and Henan Government Working Group to develop low cost carrier (LCC) in Tiongkok. The third parties will establish joint venture  company namely AirAsia (China) to serve LCC based in Zhengzhou, the capital city if Central Tiongkok. The MoU was signed by AirAsia Group...
Singapore -- Moody's Investors Service has today upgraded to Baa3 from Ba1 the issuer rating of Indosat Tbk. (P.T.) (Indosat Ooredoo). The outlook for the rating is stable. At the same time, Moody's has withdrawn the company's Ba1 Corporate Family Rating. RATINGS RATIONALE "The rating upgrade reflects the continued strengthening of Indosat Ooredoo's operational metrics as...
Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: China will host ‘The Belt & Road Forum for International Cooperation’ on 14-15 May in Beijing with an estimated 28 heads of state expected to attend, including President Vladimir Putin of Russia, Indonesian President Joko Widodo, Malaysian PM Najib Razak...
​​​JAKARTA (TheInsiderStories) - Indonesia’s balance of payments surplus continued in first quarter (Q1) of 2017 as a result of large capital and financial surplus that outpaced current account deficit. The balance of payments surplus stood at US$4.5 billion, relatively the same as the preceding quarter surplus, or in contrast...
JAKARTA (TheInsiderStories) – Indonesian shares on the Indonesian Stock Exchange is projected to trade in positive zone today supported by buying interest from foreign buyers, with additional investment likely to be boosted by stable economy. Investors are likely to await economic data, including April export and import data due out...
JAKARTA (TheInsiderStories) - The trading of shares on the Indonesian Stock Exchange is likely to be mixed today ahead of the weekend as players are likely to be cautious of making aggressive moves ahead of the weekend. Some players, however, may target selected stocks on corporation actions or upbeat...
JAKARTA (TheInsiderStories) - Property developer PT Moderland Realty Tbk (IDX:MDLN) has set asides Rp250 billion to buy back shares at maximum of 700 million units shares or 5.59 percent of the company's outstanding shares. The buyback was decided as the company considered its current share price is below the...
JAKARTA (TheInsiderStories) - PT Gajah Tunggal Tbk (IDX:GJTA) announced its plan to issue Notes (commercial paper) worth US$500 million or Rp6.66 trillion, the proceeds of which will be used to pay out its Senior Notes. The company pledged  its three existing assets - Head Office building as well as two...
JAKARTA (TheInsiderStories) - PT Hartadinata Abadi Tbk has revealed its plan to raise Rp240 billion from initial public offering (IPO) on the Indonesian Stock Exchange (IDX). The firm plans to set its IPO price of Rp280-356 per share. The company claimed that it is one of the 9 large...
JAKARTA (TheInsiderStories) - PT Bukopin Tbk plans to launch rights issue with maximum limit of 30 percent of the company's total shares, or 2.725 billion unit shares out of total shares of 9.086 billion units shares. The planned rights issue have been approved by the bank's sharehodlers at the...
JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX:SMGR) announced on Friday of its plan to issue bonds, called Sustainable Bond I Phase I 2017, worth Rp3 trillion, the proceeds of which will be used to refinance and fund its projects. The bonds issue is part of the company's medium...
  JAKARTA (TheInsiderStories) – PTTEP, an oil and gas company of Thailand, has decided to suspend its investment in Indonesia. The decision was made after the Indonesian government file lawsuit over Montara oil leak. “Indonesia is one of strategic investment countries of PTTEP that the company has plan to continuously invest...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today as some players may opt to cash out following gains early this week and last week. On Tuesday, the Jakarta Composite Index (JCI) edged down 0.19 percent or down 10.81 points at 5,697.06 points. Indosurya Securities projected the JCI to...
JAKARTA (TheInsiderStories) - The Indonesian government has filed a Rp 27.4 trillion compensation lawsuit at the Central Jakarta District Court over the explosion tragedy at the Montara oil and gas field in Australia in 2009, which has polluted the waters of the Timor Sea, East Nusa Tenggara (NTT) province. The...
  JAKARTA (TheInsiderStories) -The Asia and Pacific region continues to deliver strong growth, in the face of widespread concerns about growing protectionism, a rapidly aging society, and slow productivity growth, according to the International Monetary Fund (IMF) latest regional report. The IMF estimates growth for the Asia and the Pacific region...
JAKARTA (TheInsiderStories) – The Panel of Judges at the North Jakarta District Court has sentenced Jakarta Governor Basuki T. Purnama two years in jail over alleged blasphemy case. Following the decision, Deputy Jakarta Governor Djarot Saiful Hidayat will assume the post as Acting Governor of Jakarta. “As I am one package...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, extending yesterday’s gains, on positive economic data, including steady economic growth in the first quarter and higher foreign exchange reserves, as well as ongoing capital inflow, analysts say. On Monday, the JCI closed up 24.485 points or up 0.43...
JAKARTA TheInsiderStories) -The Indonesian Association of Beverages Industry (ASRIM) revealed that the beverage industry experienced negative growth in the first quarter of 2017 because the weakening of consumers' purchasing power. Based on data from the Central Bureau of Statistics (BPS), the country's beverage industry production experienced a negative growth of 5.42...
JAKARTA (TheInsiderStories) - Indonesia’s official foreign exchange reserves have increased to US$123.2 billion in April 2017, from previous month of US$121.8 billion, partly driven by improved external trade, the central bank, Bank Indonesia data shows. Executive Director of Communication Department of Bank Indonesia (BI) Tirta Segara said the increase of foreign exchange...
JAKARTA (TheInsiderStories) - PT Astratel Nusantara, a subsidiary of PT Astra International Tbk (IDX: ASII), has increased its share ownership in the Cikopo-Palimanan (Cipali) toll road to 45 percent, strengthening the company's investment portfolio on the toll road business. Astratel Nusantara has bought 60 percent shares of PT Baskhara Utama Sedaya (IDX:...
Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: The Vietnamese economy remains one of the world’s brightest emerging market stars, as rapid industrialization continues to transform the economy Vietnam’s total GDP is forecast to reach USD 320 billion by 2021, with rapid growth in manufacturing exports, international tourism, and...
JAKARTA (TheInsiderStories) - PT Bank Mandiri Tbk (IDX:BMRI) announced its plan to issue bonds, consisting of coupon bond and zero coupon bonds as part of its Sustainable Bond I Phase II 2017. The value of the bonds is yet to be revealed. The bonds proceeds will be used to...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today driven by ongoing capital inflow as well as stable economic growth. As revealed by the Central Bureau of Statistic (BPS), Indonesia recorded GDP growth of 5.01 percent in the first quarter 2017. On Friday, the Jakarta Composite Index closed...
JAKARTA (TheInsiderStories) - PT Bumi Resources Tbk (IDX:BUMI), the country's largest coal producer targets coal sales volume rise of 5-7 percent for 2017 and coal price increase of 30 percent for full year 2017. The company maintains its target given encouraging results in the first quarter of 2017. In the first quarter,...
JAKARTA (TheInsiderStories) - PT AKR Corporindo Tbk (IDX:AKRA), a leading fuel and chemical supply chain company, announced its plan on Monday (May 8) to issue Rp1 trillion worth of bonds. The bonds issue is part of the planned Rp2 trillion sustainable bonds to be issued by the company. The company...
JAKARTA (TheInsiderStories)  -​Indonesia's Gross Domestic Product (GDP) growth in the first quarter of 2017 reached 5.01 percent, higher compared to the same period last year which grew by 4.92 percent, led by the growth in the agricultural sector. The Central Bureau of Statistics (BPS) revealed that the agricultural sector which contributed 13.59...
JAKARTA (TheInsiderStories) - PT Bank Maybank Indonesia Tbk (IDX: BNII), has aborted the sale of a 68.55 percent equity interest in consumer financing firm PT Wahana Ottomitra Multiartha Tbk (IDX: WOMF). The share sale aborted after certain conditions precedent to the share purchase agreement, which were scheduled to be satisfied...
JAKARTA (TheInsiderStories) - PT Perusahaan Gas Negara Tbk (IDX: PGAS), publicly listed state-owned gas distributor, has set capital expenditure (Capex) of US$ 500 million for this year, said a company official. Portion of the capital expenditure will be obtained from its subsidiary PT Saka Energi Indonesia that has raised...