Wednesday, June 19, 2019
JAKARTA (TheInsiderStories) - Indonesian will sale two dual-currency government bonds for US$750 million (Rp10.72 trillion) in RI0929 series and €750 million in RIEUR0926 series, as a part of state budget financing, stated by the Financing and Risk Management General Directorate of Finance Ministry in Jakarta, Wednesday (06/12). This is Indonesia’s...
JAKARTA (TheInsiderStories) - Indonesia' consumer confidence index edged up to 128.2 in May 2019 from 128.1 in the previous month, reaching the highest reading since the series began in June 2000, said the central bank today (06/12). Bank Indonesia (BI) noted the consumer optimism still remained good driven by an increase in...
JAKARTA (TheInsiderStories) - Indonesian government lowered basic index price for biodiesel to Rp6,977 (US$0.48) per liter but raised bioethanol price to Rp10,201 a liter, energy and mineral resources (EMR) ministry said on Wednesday (06/12). The ministry noted, the biodiesel price decreased by Rp371 from the previous month, which was Rp7,348 per liter....
Trump Expects US-North Korea Relations to Follow Vietnam
JAKARTA (TheInsiderStories) - United States (US) President Donald Trump sent a signal to repair the relationship with North Korea after received as he called "a beautiful letter" from President Kim Jong-un. After failing to carry out denuclearize negotiations in Hanoi, Vietnam, the US tried to rebuild relations with North Korea. "I can't...
JAKARTA (TheInsiderStories) - PT Freeport Indonesia (PTFI) is aiming to start construction of a copper smelter in 2020, PTFI President Director Tony Wenas told reporters on Wednesday (06/12). The smelter is scheduled to start production in late 2023 with a total capacity of 2 million tonnes (MT) of copper concentrate. Currently,...
JAKARTA (TheInsiderStories) - The international rating agency, Standard and Poor’s (S&P) Global Ratings upgraded PT Cikarang Listrindo Tbk (IDX: POWR) debt securities grade from BB to BB+, the highest in the company's achievements. In a press release on Tuesday (06/11), Cikarang Listrindo management claimed that it is now the third...
JAKARTA (TheInsiderStories) - Global oil prices fell almost 1 percent amid the low demand. This morning, West Texas Intermediate prices for July 2019 shipments on the New York Mercantile Exchange were at US$52.58 per barrel, down 1.29 percent compared to yesterday' price at $53.27 a barrel. At the same time, Brent oil...
Jakarta (Insiderstories) - Prabowo Subianto - Sandiaga Salahuddin Uno' legal team submitted additional proofs to reinforce their appeal to the Constitutional Court on the result of the 2019 presidential election. Chief of Subianto - Uno legal team Bambang Widjoyanto, said some of the additional materials include videos, written documents, such as...
JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and Kuwait-based energy firm Kufpec Regional Ventures (Indonesia) Ltd., officially signed the gross split sharing contract for Anambas block in Riau, said the ministry in an official statement on Monday (06/10). The block is part of 2019 phase I oil...
JAKARTA (TheInsiderStories) - Indonesia and Chile agreed to accelerate the implementation of trade agreements between the two countries through the Comprehensive Economic Partnership Agreement (IC-CEPA). Its projected, the cooperation agreement will take effect next August, said the representatives of the two countries in Jakarta, Tuesday (11/11). It began with the...
JAKARTA (TheInsiderStories) - Economic growth across South-East Asia (SEA) region is expected to moderate to 4.8 percent this year, from 5.3 percent in 2018, amid slowing global trade and escalating US-China trade tensions, according to ICAEW’s latest reported. It said, domestic demand should provide some relief, together with accommodative macro policies, although...
JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned Baa2 ratings to the proposed senior unsecured dollar and/or euro-denominated notes to be issued by the Government of Indonesia (Baa2 stable). The planned drawdowns have maturities ranging from 7-10 years. According to the terms and conditions available to Moody's, the notes to be...
JAKARTA (TheInsiderStories) - Indonesian government has set its coal benchmark price for June at US$81.48 per ton, sliced 0.46 percent from May at $81.86 a ton, energy and mineral resources (EMR) ministry said on Monday (06/10). It said, June marked a tenth straight monthly drop for the benchmark price and...
JAKARTA (TheInsiderStories) - PT PP Tbk (IDX: PTPP), an infrastructure company, will issue local bond as much as Rp1.5 trillion (US$104.89 million) local bond for its alternative funding in fulfilling company’ needs this year. In 2019, the company allocated Rp8.73 trillion capital expenditure, 28.76 percent higher than last year’ realization. The state-owned...
JAKARTA (TheInsiderStories) - Indonesian government targeting cement and clinker exports to reach 7 million tons in 2019. The amount up 24 percent compared to 2018 with total amount 5.64 million tons, according to industry ministry' official statement on Monday (06/10). The performance of the cement industry is projected to be more...
JAKARTA (TheInsiderStories) - China's trade surplus increased to $41.7 billion (Rp592.14 trillion) in May, up to $27.9 billion from the previous month. The year-to-date surplus was $361.1 billion, larger than that of the same period last year, according to the General Administration of Customs on Monday (06/10). China’s trade surplus...
JAKARTA (TheInsiderStories) - Japan’s real GDP growth for the first quarter (Q1) of 2019 was revised up marginally to 0.6 percent quarter to quarter (q/q), or 2.2 percent q/q annualized, from 0.5 percent q/q, or 2.1 percent q/q annualized, the Cabinet Office said on Monday (06/10). The upward revision largely...
JAKARTA (TheInsiderStories)- The Group of 20 (G20) minister of finance aimed to collect taxes from giant tech companies like Google and Facebook, according to a draft of a joint statement released on Saturday (06/8). Finance ministers from the world’s largest economies said they aimed to agree on new rules by...
JAKARTA (TheInsiderStories) - Finance ministers and central bankers from the Group of 20 (G20) agreed to address global trade and geopolitical tensions, which show no signs of abating, could propel the world economy into a crisis, according to a joint communique released on Sunday (06/09). The sense of gloom at the gathering...
JAKARTA (TheInsiderStories) — Indonesia’ May inflation recorded at 0.68 percent, the highest point of the year. Fasting month of Ramadan and surging price of airline ticket contributed the incline, said the Statistics Indonesia reported today (06/10). While, the January to May inflation is at 1.48 percent and the yearly inflation...
JAKARTA (TheInsiderStories) - United States (US) President Donald Trump has announced that the tariffs was planning to begin collecting on all Mexican goods starting today have been "indefinitely suspended" as Mexico' complies to take stronger measures to "stem the tide of Migration through Mexico". "I am pleased to inform...
JAKARTA (TheInsiderStories) - Indonesian integrated petrochemical company, PT Chandra Asri Petrochemical Tbk (IDX: TPIA) received government’ tax holiday facility from its US$380 million polyethylene plant. Company gets revenue tax deduction by 100 percent for the first 10 years after commercial production, then 50 percent for the following 2 years. In February 2018, the...
Senate Set to Reject Trump National Emergency Declaration
JAKARTA (TheInsiderStories) - United States (US) President Donald Trump would impose a 5 percent tariff on June 10 for all goods entering from Mexico, unless it stopped the flow of illegal immigration to the country, a dramatic escalation of his border threats that could have sweeping implications for both...
JAKARTA (TheInsiderStories) - The United States (US) economy is expanding faster than any other advanced nation, and in weeks will hit a historic milestone, but the International Monetary Fund (IMF) is warning it could be weakened by escalating trade wars or a sudden downturn in global financial markets. President Donald...
JAKARTA (TheInsiderStories) - Coordinating Minister for Economic Affairs (CMEA) Darmin Nasution believed that Indonesian economy can grow 5.2 percent in the second quarter (2Q) of 2019. This, he stated, based on solid macroeconomic management, strong domestic demand and the momentum of growth that has taken place in the current administration of President...
JAKARTA (TheInsidesStories) — Global economic growth is forecast to ease to a weaker-than-expected 2.6 percent in 2019 before inching up to 2.7 percent in 2020, says World Bank in their latest report. While, emerging and developing economies’ growth to pick up to 4.6 percent in 2020 from 4 percent in...
JAKARTA (TheInsiderStories) - The European Central Bank (ECB) has taken action to support the economy in the 19-countries eurozone, joining other major central banks like the United States (US) Federal Reserve, to responding the fears about global growth. In an official statement after the meeting on Thursday (05/6), the president...
JAKARTA (TheInsiderStories) - Japan and the United States (US) will hold working-level talks on trade in the United States on June 10-11, Japan’s economy minister, Toshimitsu Motegi, said on Tuesday (06/4). During the talks, the two countries will discuss technical aspects of industrial and agricultural goods trade, Motegi told a news...
JAKARTA (TheInsiderStories) - United States (US) president, Donald Trump encouraged the United Kingdom (UK) to walk away from any negotiations with the European Union (EU), if they are unable to secure a favorable Brexit deal, The Sunday Times reported. He also talked up the possibility of a post-Brexit trade deal between...
JAKARTA (TheInsiderStories) - Along with the increase in Indonesia's long-term debt rating, Standard and Poor's (S&P) Global Ratings took rating actions on nine companies in Indonesia and the bonds they issued or guaranteed by them. The actions follow the upgrade of Indonesia (BBB/Stable/A-2) and the revision of Indonesia risk...

Most Recent