Thursday, June 20, 2019
Commodity Exporters Gradually Recovering from Recent Low Prices WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and...
Indonesia has retained its top ten ranking in A.T. Kearney’s 2017 Global Retail Development Index (GRDI), released today. Indonesia was ranked 8th in this year’s Index, highlighting the country’s resilient retail sector amidst fierce competition from other emerging economies. The GRDI, now in its 16th edition, ranks the top 30...
JAKARTA (TheInsiderStories) -Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra and prepared to invest up to 10 billion euros (over than Rp100 trillion), said one official. Tanjung Api-api SEZ focus on three main industries rubber, oil palm and petrochemical. “They will develop oil refinery, storage tanks,...
JAKARTA (TheInsiderStories) - Indonesian government issued unguranteed samurai bonds JPY100 billion in May, 31 to finance the deficit 2017's budget, Finance Ministry announced. For the first time Indonesia issued samurai bonds in a public offering format since the enactment of Law Number 24 Year 2002 regarding Sovereign Debt Instruments. In addition, for the...
JAKARTA (TheInsiderStories) - The Indonesian government is pushing more private sector, including pension funds, to involve in the infrastructure sector, by investing in the government’s national strategic infrastructure projects. According to the Financial Services Authority (OJK) rule, pension funds can invest their money in real sector with a maximum of only 10...
JAKARTA (TheInsiderStories) -French multinational electric utility company ENGIE and developer of private micro networks Electric Vine Industries (EVI) collaborated on a US$240 million project to provide energy in Papua Island, said the company in a press statement. This partnership will provide energy to 3,000 villages over a 20-years period. ENGIE and EVI will...
By Brian Jackson, China Economist, IHS Markit Key Points: China's official manufacturing purchasing managers' index (PMI) was unchanged at 51.2 in May, according to a release from the National Bureau of Statistics. The index declined in April from a five-year high of 51.8 in March. Output expanded at a slower...
JAKARTA (TheInsiderStories)- Indonesia recorded Consumer Price Index (CPI) of 0.39 percent month to month (mtm) in May 2017, driven by the rising of staple food prices ahead of the fasting month or Ramadhan. Data from Central Bureau of Statistics (BPS) show that all of expense component contributes for the inflation...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to be mixed today with gains in selected big caps likely to be offset by sell-off in resources stocks on fluctuation of global commodity prices, analysts say. On Monday, the Jakarta Composite Index (JCI) weakened by 0.08 percent or down 4.48 points at...
JAKARTA (TheInsiderStories) – PT Amman Mineral Nusa Tenggara (AMNT), previously known as Newmont Nusa Tenggara (NNT) is proposing to PT Freeport Indonesia to jointly use smelter facility to process their ores. Amman Mineral is developing a smelter in its Batu Hijau mining site in Sumbawa, West Nusa Tenggara. Bisnis Indonesia...
JAKARTA (TheInsiderStories) – The Islam Defenders Front (FPI) leader Rizieq Shihab has been declared as a suspect  by the Police over an alleged steamy WhatsApp conversation scandal with his reported partner Firza Husein, the coordinator of the former president Suharto affiliated Solidaritas Sahabat Cendana Foundation. Rizieq has been summoned by...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, extending Friday’s market rebound. The market’s movement is likely to remain volatile on the back of fluctuation of global commodity prices, analysts say. Last Friday, the Jakarta Composite Index (JCI) closed higher, recovering losses in previous days trading. The...
JAKARTA (TheInsiderStories) – State owned home mortgage financing comp;any PT Sarana Multigriya Finansial is issuing bonds worth Rp1 trillion, aiming at raising fresh funds to expand its home financing activities. The bond offering will last until May 30, the company’s president director Ananata Wiyogo was quoted by Bisnis Indonesia...
JAKARTA (TheInsiderStories) – Indonesian rice producer and distributor with Topi Koki brand PT Buyung Poetra Sembada (BPS) revived its initial public offering (IPO) plan after delaying from planned December last year. Last Friday, the company announced its plan to conduct roadshow and book building for the IPO on May...
JAKARTA (TheInsiderStories) - Citilink, budget airline of flag carrier PT Garuda Indonesia Tbk (IDX:GIAA) plans to add its flights to China cities this year both for regular and charter flights.  President Director of Citilink Juliandra Nurtjahjo said Citilink plans to add regular flight services to six destinations from three cities...
JAKARTA (TheInsiderStories) - The Federal Open Market Committee indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Job gains remained solid and the unemployment rate stayed near its recent low, the minutes of meeting showed. Household spending has continued...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, with gains in selected stocks are likely to be offset by moves of some players to cash out ahead of the weekend as well as concerns on suicide bombs that hit a bus terminal on Wednesday night, analysts say. On...
JAKARTA (TheInsiderStories) – Shipping line PT Samudera Indonesia Tbk (IDX:SMDR) is planning to issue bonds worth US$70 million. The bonds will be issued twice, with first phase to be issued in June worth US$35 million, company director Ridwan Hamid was quoted by Bisnis Indonesia as saying Wednesday. This year,...
JAKARTA (TheInsiderStories) – PT Integra Indocabinet Tbk, a furniture producer, aims to raise fresh funds between Rp565-Rp848 billion through selling 35 percent of its shares or 2.69 billion unit shares, in an initial public offering (IPO). Halim Rusli said the company sets IPO price at Rp2100315 shares Apart from producing...
JAKARTA (TheInsiderStories) - Chairman of the Investment Coordinating Board Thomas Lembong expects up to $10 billion investment in Indonesia in the next two years after ratings agency Standard & Poor’s upgraded Indonesia’s credit rating. The rating agency upgraded Indonesia’s credit rating to investment grade (BBB-) with a stable outlook. Menawhile, Manado International...
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...

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