Thursday, June 20, 2019
JAKARTA (TheInsiderStories) - Good morning. The hike of insured interest rate and the government's debt auction failed to provide support to the Rupiah on Wednesday (12/09). While the Jakarta Composite Index ended on the red as investors stayed away from equity market. Indonesia Deposit Insurance body, has raised insured interest rates on Rupiah-denominated...
JAKARTA (TheInsiderStories)--Rupiah hit the lowest level since 2015 as fears over the looming economic crisis in Turkey spreads to other emerging economies. Rupiah weakened 0.97 percent at Rp14.610 per US$1 at 12.02 WIB, the lowest since October 2015. The Rupiah's weakest position today was at Rp14,615 per US$1, while the strongest is...
JAKARTA (TheInsiderStories) - The construction of the first integrated industrial zones in the wold for mineral resources Weda Bay Industrial Park was started marked by the laying of the first stone by the Coordinating Minister for Maritime Affairs Luhut Panjaitan on Thursday (30/08). Based on the PT Indonesia Weda Bay Industri Park'...
JAKARTA (TheInsiderStories) – State-owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has submitted a proposal for a US$700 million loan to China Development Bank (CDB), related to funding the construction of Indonesia-China high-speed railway connecting Jakarta and Bandung, West Java. Bintang Perbowo, President Director of WIKA said the company with the completion of the entire...
JAKARTA (TheInsiderStories)—The fourth industrial revolution (Industry 4.0) that refers to process automation and data exchange has prospects for a greater use in manufacturing technologies in Indonesia. Many countries have developed strategies to capitalize on this technology. In a bid to catch up the trend, Indonesia’s government earlier this month launched...
JAKARTA (TheInsiderStories) - Indonesia’s largest telecommunication and network provider PT Telkom Indonesia Tbk (IDX: TLKM) issued conventional and sharia Medium Term Notes (MTN) with a total value of Rp1.5 trillion (US$103.44 million) on Tuesday (4/9). The MTN offered a duration of one to three years TLKM's finance director Harry M Zen said the funds...
JAKARTA (TheInsiderStories) - Indonesian Finance ministry has issued Minister of Finance Regulation Number 112 Year 2018 which aims to control the trade balance, to reduce the import duty and import tax limit which was previously US$100 to $75 per person. Director General of Customs and Excise for the finance ministry, Heru...
JAKARTA (TheInsiderStories) - Board of Commissioners of Indonesia's Deposit Insurance Agency (DIA) decided to raise the interest rate guarantee for deposits denominated in rupiah and foreign exchange in commercial banks and rural banks. For Rupiah deposits in commercial banks and rural banks for the period of Sept. 13, 2018 until Jan. 12, 2019,...
JAKARTA (TheInsiderStories) –Finance Minister Sri Mulyani Indrawati has called for united efforts among all business players and the government to strengthen Indonesian economy amid mounting global pressures caused by hawkish move of the Us Federal Reserve and the trade war being waged by US President Donald Trump. Strongly felt in the...
JAKARTA (TheInsiderStories) - Indonesian coal miner PT Bukit Asam Tbk (PTBA) has planned to set up a joint venture company with PT Pertamina, fertilizer producer PT Pupuk Indonesia and publicly listed PT Chandra Asri Tbk (IDX: CAPC), with each of them having 25% interest respectively. Through the  joint venture company, the...
JAKARTA (TheInsiderStories) - Indonesian bank industry is facing potential risk of outflows from the country's stocks and bonds due to recent volatility of rupiah currency, which was mainly caused by the hike of the US Federal Reserve’s rate. The rupiah had been traded near its weakest level in more than two...
Car Manufacture
JAKARTA (TheInsiderStories) - The government of Indonesia is expected to set up a special team this month. The so-called team for increasing domestic production usage, or P3DN, will monitor fulfillment of local content requirements by industries and procurement for government projects. Industry Minister Airlangga Hartarto said the team would consist...
JAKARTA (TheInsiderStories) - Indonesia’ current account deficit widen to 3 percent of gross domestic product (GDP) or US$8.0 billion in second quarter (Q2) of 2018 inline with rising domestic economic activities, Bank Indonesia (BI) reported on August 10. But, during January to June, the CAD was still within the safe threshold...
JAKARTA (TheInsiderStories) - Indonesian government’s consider to ease domestic market obligation policy for coal miners to boost export, said one senior official last week. Currently, the government imposes 25 percent quota of coal output for domestic consumption with a special price of US$70 per ton for electricity producer PT Perusahaan Listrik Negara (PLN). If...
JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese firm Penta-Ocean Construction as the winner of Japanese funded Patimban Port Project located in Subang, West Java. The minister Budi Karya Sumadi named the winner on...
JAKARTA (TheInsiderStories) - President Joko Widodo has signed the mandatory expansion of fuel with a mixture of 20 percent biodiesel (B20) to boost foreign exchange (FX) revenues. The new policy poured in a Presidential Regulation No. 66 of 2018 concerning the revision of the PP No. 61 of 2015 on the Collection and...
JAKARTA (TheInsiderStories) - Good morning. Trade is the main course for today’s menu. The Statistics Indonesia will announce the country’s August trade data at 1100 local time today, which is expected to stay in a deficit due to a combination of falling rupiah and higher oil price. Moody’s Analytics expected Indonesia to...
JAKARTA (TheInsiderStories)--Retail technology startup company Warung Pintar raised US$4 million funding round from Vertex Ventures, Pavilion Capital, and LINE Ventures, the company announced in a press release on Tuesday (7/8). Since its initial funding 6 months ago, Warung Pintar’s kiosk base has grown rapidly by 3477% with an average monthly...
JAKARTA (TheInsiderStories) - Board governors of Bank Indonesia (BI) awaiting the announcement of the US' Federal Reserves (Fed) before made monetary policy stance, said one official on Wednesday (12/09). "We will monitor it and we will calibrate again," BI Deputy Governor, Dody Budi Waluyo told reporters at his office. As said by the...
JAKARTA (TheInsiderStories) - Indonesian state-owned fully integrated rolling stock manufacturer PT Industri Kereta Api (INKA) says it wants to strengthen its foothold in Southeast Asia by participating in the many railway mega projects in Thailand and other countries. INKA itself has a target to be able to control the carrier market...
JAKARTA (TheInsiderStories) - Emerging currencies suffered today amid the global pressured on the financial market. Indonesian Rupiah dropped significantly to the worst level since 1998's crisis at Rp14,710 against US dollar. According to Coordinating Minister for Economic Affairs Darmin Nasution, the pressure on Rupiah occurred by Argentina' financial crisis and other...
JAKARTA (TheInsiderStories) - Indonesia's President Joko Widodo has set a roadmap for the implementation of the industry revolution 4.0 to generate economic growth based on digital development in certain sectors. In this era, Food and Beverage (F&B) is one of the top five industries prioritized by the government for the implementation...
JAKARTA (TheInsiderStories)--The Indonesian government will immediately issue a regulation regarding rooftop solar panels to allow consumers selling excess electricity to PT Perusahaan Listrik Negara (Persero), a state official said on Wednesday (1/08). Energy and Mineral Resources Minister (EMR) Ignasius Jonan said the regulation will allow PLN's customers in all segment...
JAKARTA (TheInsiderStories) - Indonesia plans to revise the macro assumption in the State Budget of 2018 to better reflect the recent development, Finance Minister Sri Mulyani Indrawati said on Monday (09/04). "Some macro assumption in the 2018 state-budget needs revisions. There are some changes in oil price, exchange rate, and oil...
JAKARTA (TheInsiderStories) - Minister State-Owned Enterprises (SOEs) Rini Soemarno on Friday (22/12) installed Faik Fahmi as new Chief Executive Officer (CEO) of Indonesian airport operator PT Angkasa Pura I (Persero), replacing Danang Baskoro who passed away in November. Fahmi previously served as CEO at PT ASDP Indonesia Ferry, the country’s foremost...
JAKARTA (TheInsiderStories) – Indonesian Foreign Minister Retno Marsudi and Singapore's Foreign Minister Vivian Balakrishnan on Tuesday (20/3) inaugurated the operation of Nongsa Digital Park, marking a closer cooperation between the two countries in developing the digital economy. The development of the digital park was an implementation of the deal between...
JAKARTA (TheInsiderStories) - As a move to increase domestic usage of natural gas, the Downstream Oil & gas Regulatory Body, will tender out three gas pipelines in 2018, with a combined length of 1,667 kilometers. The development of the gas infrastructure is in line with the national gas development...
JAKARTA (TheInsiderStories)— Restaurateur PT Jaya Bersama Indo, famous for its Duck King outlets, planned to conduct initial public offering (IPO) this year. The company's Finance Director and Corporate Secretary of Jaya Bersama Indo Dewi Tio on Tuesday (08/05) said the IPO will take place as soon as an approval from...
JAKARTA (TheInsiderStories) - For Indonesia, Digital Payment System may well be the next big thing, combining existing mobile phone usage and the country's growing financial services. Digital payment system not only promise an accelerated economic growth in Indonesia, but also is expected to give significant changes in business practices and replace...
Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019
JAKARTA (TheInsiderStories)--Bank Indonesia estimated economic growth might reach 5.2 per cent in the second quarter this year, said Bank Indonesia’s governor Perry Warjiyo on Friday (13/07). "We initially estimated 5.2 per cent, we still count the possibilities a little lower," he added, as quoted by CNBC Indonesia. Bank Indonesia estimate is...

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