JAKARTA (TheInsiderStories)--The state-owned mining company PT Indonesia Asahan Aluminium (Inalum) has received US$5.2 billion loan offers from 11 local and foreign banks to increase the company stake in PT Freeport Indonesia to 51 per cent, said the President Director Budi Gunadi Sadikin on Thursday (12/07). Inalum will not take all...
JAKARTA (TheInsiderStories) - Trade cooperation between China and Association of Southeast Asian Nations (ASEAN) members has jumped from US$55 billion to $514 billion in 2017, or nearly tenfold within 15 years since both sides established strategic partnership in 2003, news agency Antara reported. Two-way direct investment totals nearly $200 billion...
JAKARTA (TheInsiderStories - The World Bank is reportedly offering the Indonesian government a loan to fund the country’s light rail transit (LRT) developments, said transportation ministry on July 11. According to the minister Budi Karya Sumadi, the loan offers for four major cities namely Medan, Bandung, Surabaya, and Bali.   The Indonesian government...
JAKARTA (TheInsiderStories) - Good morning. The closing deal of PT Freeport Indonesia (PTFI) shares sale has give positive impact to the financial market. From global sides, United States (U.S) announced inflation reached 2.9 percent in June or rose 0.1 percent compared to previous month. As we know, PT Indonesia Asahan Aluminium...
JAKARTA (TheInsiderStories) - Indonesia's state-owned enterprises PT Indonesia Asahan Aluminium (Inalum) takeover 45.78 percent shares of PT Freeport Indonesia (PTFI) from Freeport-McMoRan Gold & Copper Inc. (NYSE: FCX) with worth US$3.85 billion, said one senior official on Thursday (12/07). Currently Inalum and PT Indocopper Investama, local unit of Freeport-Mcmoran have 9.36...
JAKARTA (TheInsiderStories)— Production expenses at Indonesia’s state-owned power company PT Perusahaan Listrik Negara (PLN) rose by Rp10 trillion in the first six months of this year due to rupiah depreciation and higher oil price. President Director of PLN Sofyan Basir on Wednesday (11/07) said the company recorded rising production cost by...
JAKARTA (TheInsiderStories) - Government of Indonesia offered ten airports to manage by two state-owned airport operator PT Angkasa Pura I (AP I) and PT Angkasa Pura II (AP II), said one senior official on Thursday (12/07). The airports would be located in Lampung, Central Sulawesi, Southeast Sulawesi, East Nusa Tenggara,...
JAKARTA (TheInsiderStories)--After years of discussion, the Indonesian government and U.S's miner Freeport-Mcmoran Gold & Copper Inc. (NYSE: FCX) will sign the head of agreement of PT Freeport Indonesia (PTFI) today, said Indonesian president on Thursday (12/07). No further details on the agreement. Indonesian President Joko Widodo on Thursday (12/07) said Freeport and...
JAKARTA (TheInsiderStories) - Good morning. Today, Indonesian government will sign head of agreement (HoA) of PT Freeport Indonesia (PTFI) share sale with  Freeport-Mcmoran Gold & Copper Inc (NYSE: FCX), finance ministry announced. Meanwhile, trade wars weakened major bourses as an escalating United States (U.S) - China threatening the country's economic...
JAKARTA (TheInsiderStories) - Moladin, the first online platform to buy motorcycle in Indonesia, has raised a US$1,2 million funding from East Ventures, Berjaya Group and Ethos Partner, said the company today (12/07). The fresh fund will be used to help Moladin’s expansion and growth across the country. Since it’s official launch in November...

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