JAKARTA (TheInsiderStories) -  Indonesian government will release a national gas balance which will show the total supply of gas, producers and consumers across the country. The government will also develop gas as one of the prime movers of the economic growth, and not only as a commodity as it is...
JAKARTA (TheInsiderStories) - The Indonesian government decided to raised the value tax of Article 22 for 1,147 imported commodities to 7.5 percent to 10 percent from the original rate around 2.5-10 percent, said one senior official on Wednesday (05/09). While the imposition of income tax for other specified 57...
JAKARTA (TheInsiderStories) - Indonesia Supreme Court ordered the Minister of Transportation to revoke the Regulation Number 108 of Year 2017 concerning the Implementation of Transportation of People with Public Motorized Vehicles Not in Routes. Case began when the ministry issued the regulation on June, 2017. During the process of making of the rules,...
JAKARTA (TheInsiderStoriesI - The Trump Administration has announced a second tranche of tariffs on China, with a 10 percent tariff on an additional US$200 billion of Chinese products to be imposed from 24 September. According to Rajiv Biswas, Asia Pacific Chief Economist at IHS Markit, these measures have been taken as part...
JAKARTA (TheInsiderStories)—Retailer PT Mitra Adiperkasa Tbk (MAPI) had obtained a shareholder’s approval on Monday for 10-for-1 stock split which will boost liquidity of the company’s stock on the Indonesia Stock Exchange. The stock split approval will value Mitra Adiperkasa’s shares at Rp800 a piece from currently Rp8,000. The company’s shareholders also approved a dividend...
JAKARTA (TheInsiderStories) - Moody's Investors Service says that Indonesia's (Baa2 stable) broadly sound economic fundamentals and strengthened policy framework are containing credit risks associated with the Rupiah's recent decline, but additional currency weakness would have economy-wide credit-negative effects, especially given the government and corporate sector's reliance on external funding. "In recent years, policymakers...
JAKARTA (TheInsiderStories) - PT Pertamina, an Indonesia' largest energy firm officially acquired Southeast Sumatra (SES) through its unit PT Pertamina Hulu Energi (PHE), said the company on Thursday (07/09). The state-owned firm has officially seize the working area of Southeast Sumatra (SES) of the old operator CNOOC SES Ltd. to...
JAKARTA (TheInsiderStories) - The United States (US) government gives an exception to 19 types of steel products carbon and alloy also stainless steel from global import tariffs of 25 percent, said trade minister on Monday (03/09). This decision was issued on August 2 after Indonesia obtained an exceptions for 142 applications for...
JAKARTA (TheInsiderStories) - The country's flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) sued Rolls Royce PLC and Rolls Royce Total Care Services Limited, said the company lawyer on Monday (17/09). The lawsuit was filed by the sate-owned firm in the Central Jakarta District Court on Sept 13, 2018. For this...
JAKARTA (TheInsiderStories) - The biggest steel plant in Asia to build in Indonesia, said Deputy Governor of Central Java Heru Sudjatmoko was quoted by Antara on Tuesday (24/07). He said, China-based steel producer Hebel Bishi Steel Group has invested US$2.54 billion to build steel plant in Kendal regency, Central Java. In 2015, Hebei has...

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Morning Briefing: Global Oil Prices Near Three Months High

JAKARTA (TheInsiderStories) – Good morning! Global oil prices near three months high as market tightened amid rekindled hopes that the United States (US) and China...

Insight: Widodo, Subianto Fails to Discuss Fundamental Issues

JAKARTA (TheInsiderStories) - The second debate of the 2019 presidential candidates which discussed the issue of food, energy, infrastructure, environment and natural resources has...

Indonesia Inks US$16M Oil and Gas Blocks Auction

JAKARTA (TheInsiderStories) – Indonesia Energy and Mineral Resources (EMR) ministry just signed an agreement over the third stage of oil and gas blocks auction....

Pelindo Incorporated Set Up Sub-Holdings Equipment

JAKARTA (TheInsiderStories) – State-owned port operators, PT Pelabuhan Indonesia (Pelindo) I, II, III, and IV signed a framework of implementing Equipment Sub-holding Transformation Board...

Indonesia’s FSA to Establishs Investor Protecting Body

JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) planned to establish investor protecting body in order to shield retail investors, said the official on Monday (02/18)....
Moody's Assigns First-Time Baa2 to Indonesian Adira

Moody’s Assigns First-Time Baa2 to Indonesian Adira

JAKARTA (TheInsiderStories) – Moody's Investors Service has assigned first-time Baa2 local and foreign currency issuer ratings to Adira Dinamika Multi Finance Tbk (Adira). The...