JAKARTA (TheInsiderStories) - Global miner Rio Tinto Group (ASX: RIO) said the discussion of its divestment of 40 per cent interest in the giant Grasberg copper and gold mine in Papua is still on going. The mining giant said discussions about the sale - including the price - are underway with...
JAKARTA (TheInsiderStories)— Five Indonesian companies postponed their initial public offering (IPO) plans due to deteriorating market condition. The five companies include PT Wika Realty, PT Wahana Vinnyl Nusantara, dan PT Artajasa Pembayaran Elektronis and PT Harvest Time. Indonesia Stock Exchange Director Samsul Hidayat said the five companies postponed their IPO planning...
JAKARTA (TheInsiderStories)- Rising oil price will bring positive impact to the oil and gas investment and higher state revenue, but on the other hand, it could increase subsidy spending. International oil prices surged into the highest level since November 2014, driven by concerns over a shortage risk in Venezuela production...
JAKARTA (TheInsiderStories) - International credit rating agency Fitch Ratings said that the recent depreciation of the rupiah may add pressure to developers in Indonesia which have a large portion of loans denominated in US dollar and already face slowing property demand. The Rupiah is the second worst performing currency in...
JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80 per cent. Insurance companies that are currently subject to foreign ownership in excess of...
JAKARTA (TheInsiderStories)--PT Wijaya Karya Realty (Wika Realty), a subsidiary of state-owned construction company PT Wijaya Karya, postponed a planned initial public offering (IPO) due to market condition. Wika Realty has sent a letter to postpone the IPO, said Director of Corporate Assessment at IDX Samsul Hidayat on Tuesday (21/05). He added...
JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese firm Penta-Ocean Construction as the winner of Japanese funded Patimban Port Project located in Subang, West Java. The minister Budi Karya Sumadi named the winner on...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will conduct three cross foreign exchange swap auctions this week, to maintain the availability of rupiah liquidity and stabilizing interest rates on the financial market. It is been four days after BI raised its benchmark interest rate, but rupiah has not shown any signs...
JAKARTA (TheInsiderStories)-- Bank Indonesia (BI) should to raise its benchmark rate again in order to stabilize the rupiah. This month, the Bank raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets. The central...
JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan to PT Tirta Amarta Bottling (TAB). The Agency representative on Monday (21/05) said the Attorney General Office has revealed the value of state losses reached Rp1.5...

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Morning Briefing: Global Oil Prices Near Three Months High

JAKARTA (TheInsiderStories) – Good morning! Global oil prices near three months high as market tightened amid rekindled hopes that the United States (US) and China...

Insight: Widodo, Subianto Fails to Discuss Fundamental Issues

JAKARTA (TheInsiderStories) - The second debate of the 2019 presidential candidates which discussed the issue of food, energy, infrastructure, environment and natural resources has...

Indonesia Inks US$16M Oil and Gas Blocks Auction

JAKARTA (TheInsiderStories) – Indonesia Energy and Mineral Resources (EMR) ministry just signed an agreement over the third stage of oil and gas blocks auction....

Pelindo Incorporated Set Up Sub-Holdings Equipment

JAKARTA (TheInsiderStories) – State-owned port operators, PT Pelabuhan Indonesia (Pelindo) I, II, III, and IV signed a framework of implementing Equipment Sub-holding Transformation Board...

Indonesia’s FSA to Establishs Investor Protecting Body

JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) planned to establish investor protecting body in order to shield retail investors, said the official on Monday (02/18)....
Moody's Assigns First-Time Baa2 to Indonesian Adira

Moody’s Assigns First-Time Baa2 to Indonesian Adira

JAKARTA (TheInsiderStories) – Moody's Investors Service has assigned first-time Baa2 local and foreign currency issuer ratings to Adira Dinamika Multi Finance Tbk (Adira). The...