JAKARTA (TheInsiderStories)--Indonesia's food and beverage company GarudaFood through its entity of PT Suntory Garuda Beverages seeks as much as US$200 million from initial public offering (IPO) in the near future. GarudaFood has submitted IPO's documents to the Indonesia Stock Exchange (IDX) and currently looking for the right time to conduct...
Indonesia to Completes Korea's CEPA This Year
JAKARTA (TheInsiderStories) - PT Korea Investment & Securities (KIS) Indonesia, the principal subsidiary of Korea Investment and Securities Co., Ltd. (KIS) also Korea Investment Holdings (KIH) officially announced its launch and readiness to serve the Indonesian market. Ryu Sang-Ho, President and CEO of KIS in a press statement released on...
JAKARTA (TheInsiderStories) - A wave of optimism for global economic resilience emerged despite an escalation of United States (U.S) - China trade war and divisions in the British Government on Brexit. This convinced investors who have not witnessed a real slowdown cause of the global trade barriers and give a positive influence...
JAKARTA (TheInsiderStories)--The gas pipelines owned by the Chinese state-owned oil and gas company, China National Offshore Oil Corporation (CNOOC), leaked in the sea near Bojonegara, Banten, Indonesia. The leakage of undersea gas pipeline occurred at 10.00 am this morning (9/7). "There is a leakage of subsea gas pipeline 20 'OD...
JAKARTA (TheInsiderStories)—The Indonesian government’s rush to launch an online single submission (OSS) system pours more uncertainty into the country's investment climate. Indonesian government finally launched OSS, an integrated web-based business permit application, today (09/07), a delay from the initial schedule of April 2018. The government ensured the OSS system will make...
JAKARTA (TheInsiderStories)--The trade wars imposed by the United States could cut Asia-Pacific GDP growth by as much as 1 percentage point in 2019, said Asia Pacific Chief Economist at IHS Markit Rajiv Biswas in a press release, Monday (9/7). A series of decisions by the US to impose trade tariffs on various...
JAKARTA (TheInsiderStories)—Indonesia’s Ministry of Energy and Mineral Resources (MEMR) the coal reference price at US$104.65 per ton for July 2018. MEMR has stipulated the Decree of the Minister of Energy and Mineral Resources No. 1892K/30/MEM/2018 on the Reference Price of Metals Minerals and Coal for July 2018. The decree sets...
JAKARTA (TheInsiderStories) - Indonesia's power producer PT Perusahaan Listrik Negara (PLN) appealed to the government gas prices for Domestic Market Obligation (DMO) can be restricted at US$6.5 per million british thermal unit (MBTU) for Java and $ 7/MBTU for outside Java in an effort to reduce electricity prices. Strategic Procurement...
JAKARTA (TheInsiderStories) - Good Morning. Last week, Indonesia’s central bank (BI) reported foreign exchange (FX) reserves fell to US$119.8 billion as end of June compared to previous month $122.9 billion. Meanwhile, to simplify investment permit in the country, today the government launch Online Single Submission (OSS). BI said on June 6, the FX...
JAKARTA (TheInsiderStories)—Indonesia's oil and gas did not reach investment and production target in the first half of this year. According to the Upstream Oil and Gas Regulatory Special Task Force data, the realized investment in the upstream oil and gas in the first half of this year reached US$3.9 billion,...

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Insight: The Indo-Pacific Cooperation's Significance for Indonesia

Insight: The Indo-Pacific Cooperation’s Significance for Indonesia

JAKARTA (TheInsiderStories) – Indonesia held a High-Level Dialogue on Indo-Pacific Cooperation (IPC) in Jakarta on March 20, 2019, with the theme "Towards a Peaceful,...
Indonesia Initiates Indo-Pacific Cooperation to Maintain Economic Stability

Indonesia Initiates Indo-Pacific Partnership to Maintain Economic Stability

JAKARTA (TheInsiderstories) – In the midst of various global economic uncertainties, Indonesian government sees the importance of the Indonesia-Pacific region partnership that is home to...
Bank of Japan Maintains Negative Interest Rate

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JAKARTA (TheInsiderStories) - Statistics Japan shows that the country' annual inflation lowered to 0.7 percent in February from 0.8 percent in a month earlier....
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JAKARTA (TheInsiderStories) – European Union (EU) Parliament finally gave a two-tier extension for United Kingdom (UK) Prime Minister Theresa May' Brexit planned by softening the...
Boeing Suspends the Operations of 371 MAX 737 Aircraft

Two Indonesia’s Airlines Cancels Boeing Purchase Plans

JAKARTA (TheInsiderStories) - Two flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) and PT Lion Mentari Airlines had canceled Boeing 737 Max 8 booking. The...

Moody’s Revises Indosat Ooredoo’s Outlook to Negative

JAKARTA (TheInsiderStories) -  Moody's Investors Service ("Moody's") has revised the outlook on P.T. Indosat Tbk' (lndosat Ooredoo) ratings to negative from stable. At the same...