Wednesday, May 22, 2019
JAKARTA (TheInsiderStories) - Moody's Investors Service ("Moody's") has assigned Baa2 ratings to the proposed senior unsecured yen-denominated notes to be issued by the Government of Indonesia (Baa2 stable). The six planned drawdowns have maturities ranging from three to 20 years. According to the terms and conditions available to Moody's, the notes...
JAKARTA (TheInsiderStories) - Indonesian government has raised ¥177 billion (US$1.62 billion) funds from six series of Samurai bond sales, finance ministry reported today (05/16). This make the Indonesia become the biggest issuance of such bonds by an Asian country. Ministry of Finance (MoF) sold the Japanese-currency-denominated bonds with 3 to 20-year maturities...
JAKARTA (TheInsiderStories) – Indonesia' balance of payments (BoP) recorded a surplus of US$2.4 billion in in the first quarter (1Q) of 2019, the central bank reported today. This inline with the larger capital and financial account surplus of $10.1 billion and the current account deficit (CAD) of $7 billion  or 2.6...
Consumer Confidence Index Decline in March 2019
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) decided to maintain the benchmark interest rate, BI 7 days reverse repo rate at 6 percent. It is in line with global and domestic economic conditions. Governor of BI Perry Warjiyo explained, some central banks have begun to loosen the macroeconomic policies, but it...
S&P Ratings: Indonesian Developers Potentially to Downgrade This Year
JAKARTA (TheInsiderStories) - International rating agency Standard & Poor’s Global Ratings (S&P) stated that Indonesia' Gross Domestic Product (GDP) is considered to be far better due to the investment and infrastructure development. The rapid infrastructure development is good for investment and for economic growth, the agency said. Kim Eng Tan,...
JAKARTA (TheInsiderStories) - The recent round of tariff slinging between the United States (US) and China has sparked emerging market (EM) foreign exchange weakness again, which should keep Bank Indonesia 7 Days Reverse Repo (BI 7-DRR) rate on hold for now, said ING in the latest report. Nicholas Mappa, ING Senior...
Trump Declared National Emergency, Us Retail Sales Dropped
JAKARTA (TheInsiderStories) – Cooling tension on trade war appeared, when United States (US) President Donald Trump said he would meet Chinese President Xi Jinping late June at the G20 Summit in Japan. The higher tension between the world' largest economies, sending shivers through global markets. China on Monday (05/06), announced higher...
IHS Markit: US-China Trade War Escalates Again as Truce Collapses
JAKARTA (TheInsiderStories) - The combined impact of the United States (US) - China technology war and the escalating US-China trade war is clouding the outlook for the Chinese economy amidst signs that domestic economic growth momentum also softened in April, according to IHS Markit in its official statement today. "Weak...
JAKARTA (TheInsiderStories) - Indonesia's thermal emission quality regulation has been revised by the Ministry of Environment and Forestry in April, but environmental organizations consider the revision of this rule, especially for coal plants, still weak. Greenpeace Indonesia and BaliFokus or Nexus3 at a press conference on Thursday (05/16) assessed that...
JAKARTA (TheInsiderStories) - Indonesian government and the General Election Commission (GEC) will be reported to the International Criminal Court (ICC) and the United Nation Human Rights Council (UNHRC) for the deaths of 606 officers and 10,997 who suffered pain during the April 17 election process. The Jakarta based - Medical...
JAKARTA (TheInsiderStories) – General Election Commission (GEC) challenged Prabowo Subianto - Sandiaga Salahuddin Uno' camp to prove the election results through an open plenary meeting of national recapitulation, said an officer today (05/15). This was in response to the opposition claimed who wanted to delegitimize the results of the...
JAKARTA (TheInsiderStories) - Indonesia' opposition leader, Prabowo Subianto, said he would refuse the election results, which would be officially announced by the General Election Commission (GEC) on May 22. He also declared his resistance to a democratic process that was fraudulent, while claiming that he won the election, based on...
JAKARTA (TheInsiderStories) — Investors responded negatively the trade balance data and pulled out from Indonesian financial market on Wednesday (05/15). Foreign investors recorded net sales of Rp447.48 billion (US$31.39 million) in all markets. The negative sentiment has bring the Jakarta Composite Index (JCI) dropped below 6,000 and Rupiah near to...
JAKARTA (TheInsiderStories) - Indonesia posted the worse trade deficit in the country' history. Previously, the deepest deficit of US$2.3 billion occurred in July 2013. Statistic Indonesia reported today (05/15), the nation posted trade deficit of $2.5 billion in April. Last month, the country only export $12.6 billion, or down 13.1 percent...
World Bank: Oil Prices will be Lower in 2019-2020 Due to Sluggish Global Growth and Rising non-OPEC Supply
JAKARTA (TheInsiderStories) - Global oil supply in April slightly decreased by 0.07 million barrels per day (bpd) to average 98.82 million bpd, compared with the previous month, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday (05/15). According to the organization's monthly oil market report, OPEC' crude oil production remained...
JAKARTA (TheInsiderStories) – Indonesian government wanted to become the center of the world Islamic financial center to grab a potential global halal market of US$3 trillion in 2023, said President Joko Widodo. The country is one of the largest Moslem population in the world. "With 11 percent of the world' Moslem population...
 JAKARTA (TheInsiderStories) – Secretary of State Mike Pompeo expressed the wish of President of United States (US) Donald Trump to improve his relationship with Russian President Vladimir Putin. He planned to make a direct visit to Moscow and meet Putin to discussed on the issues. The two leaders planned to held...
Indonesia's Forex Reserves US$124B in March
JAKARTA (TheInsiderStories) - Indonesian government pay attention on the Rupiah movement and trade war. Therefore, President Joko Widodo summoned ministers and related stakeholders in the financial sector to highlight the latest economic developments. After the meeting, Coordinating Minister for Economic Affairs Darmin Nasution explained, the President Widodo and and the stakeholders...
JAKARTA (TheInsiderStories) - Indonesian government is targeting high-speed train (HST) Jakarta-Bandung operated by PT Kereta Cepat Indonesia China (KCIC) is scheduled to operate in 2021 after years of delay. President Director of KCIC, Chandra Dwi Putra said the construction work will be boosted in the 2019 semester by increasing the labor...
JAKARTA (TheInsiderStories) - United States Department of Agriculture (USDA) forecasting Indonesia’ 2019-2020 palm oil output at 43.0 million tons (MT), up 1.5 MT or 4 percent from last year. In annual basis, the production increase is attributed mainly to area expansion as yield is expected to be slightly down from 2018-2019. “Mature...
JAKARTA (TheInsiderStories) – Decline in  Crude Palm Oil (CPO) prices slammed the financial condition of Indonesian palm oil producers in the first quarter (1Q) of 2019, Shentonwire reported. Bumitama Agri Ltd, one of them. Its net profit fell sharply 52.3 percent to Rp110.61 billion (US$7.66 million), according to the SGX...
JAKARTA (TheInsiderStories) – Advotics, an Indonesian cloud-based offline-to-online analytics startup, has announced the closing of US$2.7 million seed investment led by East Ventures. The company plans to use the fresh funds to infuse deeper technology in product development and solutions offered to customers and accelerate customer growth. “With this product...
JAKARTA (TheInsiderStories) - Indonesian government officially reduce the upper limit of airdare tariff between 12 percent to 16 percent. Its expected the tariff will be effective starting May 15 and will be continuously evaluated based on applicable regulations. The tariff reduction applies differently, depending on the flight route served by...
Trade Agreement, Just Pragmatic Choices of the Government?
JAKARTA (TheInsiderStories) – China finally decided to retaliate on United States (US), by setting a new import tariffs, ranging from 5 to 25 percent on US$60 billion goods, including frozen vegetables and liquefied natural gas, said an official statement on Monday (05/13). The new tariff will be implemented starting on...
JAKARTA (TheInsiderStories) — Siam Cement Group (SCG), a packaging company from Thailand, will become major shareholder of PT Fajar Surya Wisesa Tbk (IDX: FASW) by acquiring 55 percent shares. For the action, SCG invested Rp9.6 trillion (US$665 million). The acquisition value is below Fajar Surya’ average price, which is tagged...
JAKARTA (TheInsiderStories) - Indonesia Financial Service Authority (FSA) issued the latest regulation regarding capital increase through a rights issue. The regulation is stated in the Financial Services Authority Regulation Number 14/POJK.04/2019 concerning Capital Additions of Public Companies with Preemptive Rights which replaces the previous regulation Number 32/POJK.04/2015. In this regulation, the...
JAKARTA (TheInsiderStrories) – Indonesian government and state-owned enterprises (SOEs) has potential to issue bonds around Rp100 trillion (US$6.99 billion) in the second quarter (2Q) of 2019. Most of the amount will in government bond while six SOEs has reported to Indonesia Stock Exchange (IDX) to release bond around Rp13...
JAKARTA (TheInsiderStories) – An Indonesian investment and sharia funding provider, PT Wahana Ottomitra Multiartha Tbk (IDX: WOMF) or WOM Finance re-issued 2019 Phase II of WOM Finance III bonds with a principal of Rp1.68 trillion (US$118.31 million) for working capital financing in second quarter of 2019, said an official...
JAKARTA (TheInsiderStories) - The development of the Indonesian sharia capital market showed a positive performance in the past four years. Since 2015, total sharia assets reached US$90.95 billion (Rp1,291.48 trillion), with a market share of 8.55 percent of national financial assets, according to Financial Services Authority (FSA) report released Thursday...
JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a first-time B1 corporate family rating (CFR) to PT Buana Lintas Lautan Tbk (IDX: BULL). At the same time, Moody's has assigned a B1 rating to the proposed United States dollar senior unsecured notes to be issued by BULL Maritime Capital...