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JAKARTA (TheInsiderStories)—Indonesian government should pay attention to the risk of capital outflow to China after the 234 Chinese listed companies will be added to the world’s top index Morgan Stanley Capital International (MSCI) Inc. The MSCI has long refused to include A Class Chinese listed companies on the Shanghai Stock...

JAKARTA (TheInsiderStories)—The investments in the upstream oil and gas sector during the period of January-April 2018 had been significantly increasing, along with the steady rise of oil prices at the global market that had reached more than US$70 per barrel recently. Based on data from the Upstream Oil and Gas...

JAKARTA (TheInsiderStories) - Japan's gross domestic product contracted at an annualized rate of 0.6 per cent in the first quarter of 2018, according to government data published Wednesday. The world’s third-largest economy shrank at an annualized pace of 0.6 per cent in the January-March period, compared with revised 0.6 per cent...

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo continues to encourage sea toll programs to increase export and logistics business in Indonesia. Over the last three years, Widodo has expressed its efforts to tackle the issue of stubborn inefficiency in logistics in the country. Widodo has vowed to turn Indonesia into a global maritime axis partly...

JAKARTA (TheInsiderStories) - In April, China's economy registered a steady and showed a good momentum for growth featuring stable production and demand growth, National Bureau of Statistics of China reported on May 15. The bureau reported, in the first four months, industrial output rose 6.9 percent, compared with the 6.8-percent gain in...

JAKARTA (TheInsiderStories)— Surprise trade deficit in April send the rupiah and Jakarta Composite Index lower today in a trading day that was riddled with concerns over the Federal Reserve rate hike and security issues after a series of terrorist attacks. JCI closed at 5,838.12, down by 109.04 points or 1.8...

JAKARTA (TheInsiderStories) - Indonesia posted a surprise US$1.63 billion trade deficit in April 2018, the largest since $1.96 billion in April 2014. Suhariyanto, Head of Central Statistics Agency, told reporters at a press conference on Tuesday (15/5) that the trade deficit was caused by a surge in imports of oil and...

JAKARTA (TheInsiderStories) --Indonesia's largest private lender PT Bank Central Asia Tbk (IDX: BBCA) plans to raise as much as US$36.5 million via the sale of subordinated notes, which are aimed at fulfilling the regulation of systematic important banks requirement on financial system's recovery plan. The bonds are offered in three...

JAKARTA (TheInsiderStories) - Singapore-based e-commerce company Carousell has announced the closing of an US$85-million Series C funding round led by Rakuten Ventures and EDBI. Carousell CEO Aaron Tan said the additional capital will be spent on business development in Indonesia, Thailand and Singapore, aim to boost its coffers on fast-growing...

JAKARTA (TheInsiderStories)—PT Bank Permata Tbk (BNLI) plans to sell its non-performing loans (NPL) at the value of Rp1 trillion-Rp1.5 trillion as a way to improve its financial performance this year. One specific NPL that will be sold is the Rp1.2 trillion credit to PT Garansindo, a brand holding sole agent...