Monday, June 17, 2019
JAKARTA (TheInsiderStories) - The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) and the Downstream Regulatory Agency for Oil and Gas (BPH Migas) will be merged into a special oil and gas agency, which will oversee and regulate upstream and downstream businesses, according to the draft revision of the oil and...
JAKARTA (TheInsiderStories) – Two explosions hit Kampung Melayu bus terminal at around 21.00 on Wednesday, killing one police officer and injuring at least four other police officers. Deputy Police Chief Commissioner General Police Syafruddin told Metro TV that the suicide bomber was likely to be also killed during the explosion. The bomb...
JAKARTA (TheInsiderStories) - China's Sinopec Group and Kuwait Petroleum Corporation interested to acquire part of participating interests in Grass Root Refinery (GRR) Bontang in East Kalimantan owned by state-owned energy company, PT Pertamina. President Director Elia Masa Manik told press on Wednesday, Pertamina will release up to 10 percent shares to...
JAKARTA (TheInsiderStories) - National oil company, PT Pertamina targeting this year's net profit to exceed US$3 billion by making $1 billion of efficiency and business expansion, said the company on Wednesday. Last year, the company's net profit reached $3.15 billion. In the first quarter (Q1) of 2017, net profit of the state-owned...
JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) leads a syndicated loan amounting to Rp3.2 trillion for the financing of the construction of Pemalang - Batang toll road project in Central Java. The total cost to develop the toll road reaches Rp4.88 trillion.       BNI together with 15 banks signed the loans facility for...
 JAKARTA (TheInsiderStories) – The Indonesian government has proposed US$28 billion worth of infrastructure projects during to China during the recent Belt & Road Forum (BRF), National Development Planning Minister and Head of National Development Planning Agency (Bappenas) Bambang PS Brodjonegoro said. The BRF held last week was also attended by...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today, with shares gains supported by capital inflow are likely to be offset by moves of some investors to cash out ahead of holiday, analysts say. The market will be closed tomorrow for public holiday. The Jakarta Composite Index (JCI) today is...
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) - Flag-carrier Garuda Indonesia has officiated direct flight from Denpasar to Chengdu, as part of the company's drive to expand its international routes. The inauguration of the flight, attended by Garuda Indonesia Director for Commercial and IT Nina Sulistyowati and Director for Cargo Sigit Muhartono, was held at...
JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (“IDX: MEDC)) announced today that an UNCITRAL Arbitration Tribunal has awarded its Singapore based wholly-owned subsidiary Medco Strait Services Pte Ltd approximately US$24 million pursuant to its claims against Singapore Petroleum Ltd. and Cue Energy Pty Ltd.  Roberto Lorato, CEO of MedcoEnergi commented with the arbitration tribunal award...
JAKARTA (TheInsiderStories) - The Asia Development Bank (ADB) will disburse loan US$ 600 million to improve its irrigation system in Indonesia. ADB said in a press statement, that the program will help farmers in 74 regencies by improving water delivery. ADB loan will focus on improvement on irrigation system performance and to...
JAKARTA (TheInsiderStories) -  Sumpal gas compression project in Corridor Block, South Sumatra managed by PT ConocoPhillips Indonesia begins faster than the initial target of July, 2017. Energy and Mineral Resources Minister Ignasius Jonan said in a press statement, the Sumpal gas compression project will pump production at the Grissik...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up today supported by positive global markets and buying interest in selected big caps. On Monday, the Jakarta Composite Index (JCI) opened higher but finally ended in the red zone, closing at 5,749 points, down 42.43 points or 0.73 percent. As many  as...
BADUNG (TheInsiderStories) - The Indonesian government's plan to establish a national infrastructure bank to finance infrastructure programs is still constrained by the limited funds of the government. The plan could be cancelled altogether should the government failed to allocate enough funding from the State Budget. The plan to establish the...
JAKARTA (TheInsiderStories) - Cement producer PT Indocement Tunggal Prakarsa plans to build two new cement terminals as a move to support the company's cement distribution across the country. Company President Director Christian Kartawijaya was quoted by Bisnis Indonesia as saying that one of the cement terminals will be built...
JAKARTA (TheInsiderStories) - PT Trafoindo Prima Perkasa aims to raise between Rp384.5-Rp480 billion from initial public offering (IPO). In a public presentation on Monday, the company disclosed that it plans to offer shares at price of Rp320-RP400 per share. It will use around 65% of the IPO proceeds to...
JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX:INDF) announced on Tuesday (May 23) of its plan to issue fixed-rate five year bonds worth Rp2 trillion, called Indofood Sukses Makmur VIII Year 2017 Bonds. The company sets coupon rate of 8.7% per annum, payable every three months starting from August...
JAKARTA (TheInsiderStories) - Toll Road Regulatory Agency (BPJT) plans to auction two toll road projects to investors, as a move to improve connectivity in the country. The two toll roads are the Serang-Panimbang toll road section with a length of 83.9 kilometers and estimated investment of Rp11.4 trillion in Banten province...
By Harumi Taguchi, Principal Economist, IHS Markit Key Points: Ÿ   Japan’s trade surplus for April decreased by 40.6% year on year (y/y) to JPY481 billion (USD4.3 billion) on a non-seasonally adjusted basis, and also by 8.2% month on month (m/m) to JPY97.6 billion on a seasonally adjusted basis, recording the narrowest...
JAKARTA (TheInsiderStories) - Indonesia publicly listed lender, PT Bank OCBC NISP Tbk (IDX: NISP), unit of Singapore's Oversea-Chinese Banking Corporation (OCBC) will start a private banking unit. The announce came after the bank said that it has entered into an agreement to acquire National Australia Bank’s (NAB) Private Wealth business in Singapore...
Singapore, May 22, 2017 -- Moody's Investors Service has assigned a first-time Ba3 corporate family rating to Agung Podomoro Land Tbk (P.T.) (APL). At the same time, Moody's has assigned a Ba3 rating to the proposed USD-denominated bonds to be issued by APL Realty Holdings Pte. Ltd., a wholly owned subsidiary of APL. The...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, boosted by the Standard & Poo’rs decision to improve Indonesia’s rating late last week to investment grade. The Jakarta Composite Index (JCI) is projected to strengthen today, moving within 5,686 support level and 5,842 resistance level, William Surya Wijaya,...
JAKARTA (TheInsiderStories) - On May 19, 2017, we raised the sovereign credit rating on Indonesia to 'BBB-/A-3' from 'BB+/B' with a stable outlook. • As a result, we are raising the corporate credit ratings on seven Indonesian companies. • At the same time, the ratings on two state-owned Indonesian companies remain...
JAKARTA (TheInsiderStories) - Bank Indonesia has welcome the decision by Standard & Poor's late last week to improve Indonesia's rating to investment grade. The rating grade decision reflects recognition of the international community over Indonesia's achievement in maintaining economic stability. "This recognition has confirmed further the acknowledgement of the international community...
JAKARTA (TheInsiderStories) – PT Barito Pacific Tbk (IDX:BRPT), a diversified energy and petrochemical group, is planning to launch 1-for-2 rights issue, in which the holder of one unit of old shares will have the right to purchase 2 new shares. The plan is pending on the approval of the...
OVERVIEW In our view, the Indonesian authorities have taken effective expenditure and revenue measures to stabilize the country's public finances despite the terms of trade shock. As a result, we expect net general government debt will stabilize near the current low levels while the budget deficit will gradually decline. We are therefore...
JAKARTA (TheInsierStories) - Global ride sharing company Grab said it has opened R&D center in Kebayoran Baru, Jakarta. The center complements the company's R&D centers in other cities around the world including in Bangalore, Beijing, Ho Chi Minh City, Seatle and Singapore. With the R&D center, engineers from Indonesia will have the opportunity to...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today on stable domestic interest rates after the central bank, Bank Indonesia, keep the 7-day repo rate on hold. However, the gains are likely to be capped by moves of some investors to cash out ahead of the weekend. Reliance Sekuritas Indonesia...
JAKARTA (TheInsiderStories) - The United Arab Emirates (UAE) is interested to invest up to US$5 billion in energy, infrastructure and agriculture sectors in Indonesia, showing growing interest of this Arab peninsula country in Indonesia. "We are very glad that the agreement is signed today. We can assure you, from our side...
JAKARTA (TheInsiderStories) - PT Perusahaan Gas Negara Tbk (IDX: PGAS) received 37 billion British thermal units (BTU) of natural gas from ConocoPhillips, which will be allocated to Dumai areas in Riau. President Director of the company Jobi Triananda Hasjim explained, the signing of agreement signing was done on May 17. The gas supply...

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