Tuesday, August 20, 2019
JAKARTA (TheInsiderStories) - President Joko Widodo urges local government leaders to show more creativity in managing their budgets, in the attempt to find new sources of financing for infrastructure projects; this comes with the realization of limited fiscal space. Widodo has instructed regional heads to be more progressive in allocating...
JAKARTA (TheInsiderStories) - The Indonesian government has stated it intends to challenge the US Commerce Department’s decision to impose a preliminary 50.71 per cent antidumping duty on imports of Indonesia's palm oil-based biodiesel, Director General of Foreign Trade Ministry of Trade Oke Nurwan has declared. ‘We will fight the US dumping allegations through...
by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit The decision by the CPC at the 19th National Congress to incorporate the Belt & Road Initiative into its constitution helps to further reinforce the long-term commitment of China to its economic development initiatives with the 68 partner countries that are...

China on Track Toward Target

Looking to Achieve 6.5 percent this Year JAKARTA (TheInsiderStories) - China is on course to meet its annual growth target of 6.5 per cent, and its ‘war on air pollution’ will exert only a little impact on the economy, according to top officials from the state planning agency, in a statement released on...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Mitra Investindo Acquires 23.44 Stake of Benakat Oil Construction and energy company PT Mitra Investindo Tbk (IDX: MITI) finally sealed approval from stakeholders on Oct. 23 to purchase a 23.44 per cent stake...
JAKARTA (TheInsiderStories) - Various incentive packages granted by the government have yet to trickle down to higher manufacturing activity and reverse a corrosive pattern many consider as Indonesia’s 'de-industrialization'. Minister of Industry Airlangga Hartarto places the blame for the country's abundance of natural resources as the reason for the so-called ‘de-industrialisation trend’. In...
JAKARTA (TheInsiderStories) - Over reliance on tax revenue to finance state budget raises question on the President Joko Widodo’s administration to achieve higher economic growth and a more expansive social welfare program next year, according to economists. Economist from University of Indonesia Faisal Basri said high dependence on tax revenue exposes Indonesia’s...
JAKARTA (TheInsiderStories) - Qatari Nebras Power Q.P.S.C., in collaboration with state-owned power producer PT Perusahaan Listrik Negara (PLN) and its unit PT Pembangkit Jawa Bali (PJB) signed a Head of Agreement for a US$1 billion on Oct. 19. The third party will develop an 800 megawatt (MW) Power Plant, along with a Floating...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: PP Presisi Seeks Rp2.3 trillion from IPO in Oct Construction equipment rental company, PT PP Presisi is looking to raise Rp2.3 trillion from the sale of 4.23 billion shares, or 35 per...
JAKARTA (TheInsiderStories) - Indonesia’s central bank (BI) has announced it will permit hedging transactions in Euros, starting on Wednesday, Oct. 25, to support efforts to broaden the use of foreign currencies in the economy. Previously, BI opened Swap Hedging Transactions in Japanese Yen (JPY) on July 12, 2017 – but specifically for the central bank. The...
JAKARTA (TheInsiderStories) - Publicly listed property developer PT Lippo Karawaci Tbk (IDX: LPKR) has announced that a proposed joint acquisition of Lippo Plaza Jogya (LPJ) and Siloam Hospitals Yogyakarta (SHY) by Lippo Malls Indonesia Retail Trust (LMIRT) and First REIT, for a total combined value estimated at Rp 834.6 billion...
Singapore -- Moody's Investors Service has assigned a Ba3 rating to Chandra Asri Petrochemical Tbk (P.T.)'s (Ba3 stable) proposed $300 million senior unsecured notes. The proposed notes will be issued by Chandra Asri, the largest petrochemical producer in Indonesia (Baa3 positive), and guaranteed by its subsidiaries, PT Styrindo Mono Indonesia and PT Petrokima Butadiene Indonesia. Proceeds...
Investors Eyeing East Asia and Renewable Energy Singapore: Multi-billion dollar projects are fueling stronger private sector investment in infrastructure projects in developing countries, which increased by 24 percent from 2016 levels, reflecting US$36.7 billion across 132 projects, says a new World Bank Group report. However, although the growth of larger-sized projects is...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Today’s JCI Range:  5,869 – 5,968 JCI is still in consolidation and seen moving within a range of 5896-5968. There is plenty enough room for JCI to improve, particularly as a strong economic fundamental...
JAKARTA (TheInsiderStories) - Joko Widodo has marked his performance as President of Indonesia for the past three years. Many of strategic initiative objectives have been met while others are yet to improve. On the economic side, during the presidential campaign, Widodo promised the country would be growing at 7 per cent rate by...
JAKARTA (TheInsiderStories) - The economy is doing well and now the government has put in place all the necessary policies to achieve the growth trajectory that President Joko Widodo promised during the presidential campaign back in 2014. Coordinating Minister for the Economy Darmin Nasution said on Monday (17/10) that during the first two years...
Jakarta (TheInsiderStories) – State-owned mining company PT Bukit Asam Tbk (IDX:PTBA) through PT Huadian Bukit Asam Power, a joint venture company with China Huadian Hongkong Company Ltd, has signed a Power Purchase Agreement (PPA) with state-owned electricity company PT Perusahaan Listrik Negara on Thursday (19/10).  The steam-fueled mine mouth power...
JAKARTA (TheInsiderStories) - Good morning, here we provide several pieces of important news that might help your business decisions today: Indonesia Central Bank Holds Fast on Rate Bank Indonesia has hung onto its benchmark 7-day reverse repo rate, which stays unchanged at 4.25 percent as of Thursday (19/10), stating Southeast Asia's biggest...
JAKARTA (TheInsiderStories) - The Indonesian government has agreed to extend Inpex Corp's operational permits for developing Masela natural gas project in the country's east by up to 27 years, once it expires in 2028. The agreement was made after Indonesia Minister of Energy and Mineral Resources Ignasius Jonan met with Toshiaki Kitamura, CEO...
By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Ÿ   Japan’s trade surplus widened by 37.7% year on year (y/y) to JPY670.2 billion (USD5.2 billion) in September on a non-seasonally adjusted basis, while the surplus narrowed by 22.0% compared to August to JPY240.3 billion on a seasonally adjusted basis. Ÿ   The y/y...
by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: China’s Q3 2017 GDP growth rate was robust, growing at 6.8% year-on-year (y/y), indicating that growth momentum only eased marginally compared to the 6.9% growth rate recorded in Q1 and Q2. On a quarter-on-quarter (q/q) basis GDP growth momentum...
JAKARTA (TheInsiderStories) - Indonesia’s poor population, defined as those with consumption levels below 1.5 times the poverty line--Rp374,478 (US$27.74) expenditure per month--has slightly narrowed, to 10.6 per cent in March 2017, from 11.25 per cent in March 2014. The poverty headcount also fell from 28.28 million people to 27.8 million people over...
JAKARTA (TheInsiderStories) -  As the government looks to diversify the nation’s economy and reduce dependence on natural resources like coal and palm oil, increased tourism offers a logical and immediate solution. President Joko Widodo’s administration had laid out an ambitious plan for tourism, aiming to attract 20 million foreign tourists by...
JAKARTA (TheInsiderStories) - Low-cost flight carrier PT AirAsia Indonesia (AAI)will soon offer shares through a ‘back-door listing’ on the Indonesia Stock Exchange (IDX). The target of the backdoor listing is PT Rimau Multi Putra Pratama Tbk (CMPP), an Indonesian-based firm engaged in coal trading (and formerly known as PT Centris Multipersada...
JAKARTA (TheInsiderStories) – Good morning, here we provide several pieces of important news that might help your business decisions today: JCI Seen in 5,869 – 5,967 Range The Jakarta Composite Index (JCI) is projected to move higher today, within a range of 5869-5967, according to Indosurya. Investors will keep an eye on...
JAKARTA (TheInsiderStories) - President Joko Widodo met with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, at Bogor Palace on Wednesday (18/10), as leaders of both Islam-majority nations agreed to increase trade and business cooperation. Widodo said that during bilateral meetings the two countries stressed the two areas that would...
JAKARTA (TheInsiderStories) - Despite encouraging signs of recovery in business, investment and trade in the short term, there is not sufficient momentum to sustain healthy growth of productivity, the latest The Organization for Economic Co-operation and Development (OECD) interim economic outlook report has concluded. OECD expects global economic growth to reach around...
JAKARTA (TheInsiderStories) - Nothing is permanent in Indonesian politics, as many observers can testify. It is dynamic and like a shocking funhouse or scary roller coaster: allies can suddenly switch sides and turn into rivals; enemies can align themselves when it is in their interest to do so as well. That is...
Indonesia’s pharmaceutical market is the largest market in the Association of Southeast Nations (ASEAN) and is expected to reach US$10.11 billion by 2021, according to GlobalData, in the company’s latest report: ‘CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Indonesia’. The key drivers for the market are the introduction of 15 economic...
JAKARTA (TheInsiderStories) – Good morning; here we provide several pieces of important news that might help your business decisions today: Telkomsel Wins Spectrum Auction with Rp1 trillion offer PT Telekomunikas Selular (Telkomsel), a unit of PT Telkom Indonesia (IDX: TLKM) is set to win the government’s auction for the 2.3GHz spectrum, the country’s...

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