JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) will revise the single presence policy (SPP) to lessen the number of banks in Indonesia, as well as to speed up the process of consolidation in the domestic banking sector, said the FSA Deputy last week. The old regulation, stipulated in Regulation...
JAKARTA (TheInsiderStories) - The latest survey by Lembaga Survei Indonesia (LSI) and Research and Development (R&D) Kompas showed that Joko Widodo - Ma’ruf Amin could be loss in the presidential election if the undecided voter numbers go higher. R&D Kompas showed a thin difference of 11.8 percent with incumbents of...
JAKARTA (TheInsiderStories) - President of Indonesia Joko Widodo revealed the budget needed for the integration of Jakarta and its surrounding transportation management (Bogor, Depok, Tangerang and Bekasi) worth of Rp 571 trillion (US$ 40.79 trillion). The amount to meet the needs of the development of basic needs includes transportation of Mass Rapid...
JAKARTA (TheInsiderStories) - Bakrie Group' media business group PT Visi Media Asia Tbk (IDX: VIVA) and its subsidiary PT Intermedia Capital Tbk (IDX: MDIA) will make additional capital through a private placement by releasing as many as 10 percent of new shares. Based on disclosure information today (03/19), VIVA will...
JAKARTA (TheInsiderStories) — Two subsidiaries of PT Golden Plantation Tbk (IDX: GOLL), PT Bumiraya Investindo and PT Airlangga Sawit Jaya are tangled by debts, as both companies have submitted postponement of debt repayment obligations. Sluggish financial condition made Golden Plantation plans to sell its plantation estate. According to the official...
JAKARTA (TheInsiderStories) - A State enterprise, PT Sarana Multigriya Finansial (SMF) start offering its bond issuance valued Rp2.51 trillion (US$176 million), said the company today (03/19). The fresh funding will be used to replace the equity funds that have been channeled to the home ownership loan dealers. SMF This bond consists of...
Moody's: US-China Battles Still Hits Asian Export Weakness
JAKARTA (TheInsiderStories) – Moody's Investors Service has examined and identified 23 ranked countries in the Asia-Pacific, namely the countries that are the most profitable and the most vulnerable to falling volumes of global trade, due to ongoing and broad-based tensions between the United States (US) (Aaa stable) and China...
ICAEW: Indonesia’s GDP to Decline to 5% in 2019, ASEAN 4.8%
JAKARTA (TheInsiderStories) – Indonesia's GDP is expected to decline to 5.0 percent in 2019, from 5.2 percent in 2018, due to a slowdown in net export growth. While, economic growth of Southeast Asian (ASEAN) region to decline slightly to 4.8 percent, from 5.1 percent in 2018, according to the...
Indonesia's Sentani Flash Floods Kills 89 Peoples
JAKARTA (TheInsiderStories) – The Indonesian Emergency Response Master Post recorded this morning, a total of 89 peoples killed, of which 82 died from flash floods in Sentani sub-district, Jayapura Regency and 7 deaths due to landslides in Ampera, Jayapura City, Papua Province. The Head of Data Information and Public Relations...
JAKARTA (TheInsiderStories) – International Monetary Fund (IMF) and Argentina have reached an agreement on the third review of economic programs supported by Stand-by Arrangements (SBA), said the official statement on Monday (03/18). With that, in the coming weeks, Argentina will have access to around US$10.87 billion (equivalent to SDR7.8 billion). In...

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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

Japan February Inflation Rate Weaker than Estimated

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....
PM May and EU Parliament Gets “Two New Deadlines” after Crisis Talks

May, EU Parliament Sets New Deadlines for Brexit

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...