JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Indonesia Parliament approves 2018 state budget Indonesia's House of Representatives approved the central government's 2018 state budget (APBN 2018) in a plenary session on Wednesday (25/10). The government is aiming for Rp2,220.7 trillion...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) hit a new record to 6025.434 on closing today (25/10), a 1.23 per cent (73.35 point) higher over the previous close, driven by energy and financial sector. The global forecast for the Asian markets is firm, thanks to solid earnings news and support from...
JAKARTA (TheInsiderStories) - President Joko Widodo urges local government leaders to show more creativity in managing their budgets, in the attempt to find new sources of financing for infrastructure projects; this comes with the realization of limited fiscal space. Widodo has instructed regional heads to be more progressive in allocating...
JAKARTA (TheInsiderStories) - The Indonesian government has stated it intends to challenge the US Commerce Department’s decision to impose a preliminary 50.71 per cent antidumping duty on imports of Indonesia's palm oil-based biodiesel, Director General of Foreign Trade Ministry of Trade Oke Nurwan has declared. ‘We will fight the US dumping allegations through...
by Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit The decision by the CPC at the 19th National Congress to incorporate the Belt & Road Initiative into its constitution helps to further reinforce the long-term commitment of China to its economic development initiatives with the 68 partner countries that are...

China on Track Toward Target

Looking to Achieve 6.5 percent this Year JAKARTA (TheInsiderStories) - China is on course to meet its annual growth target of 6.5 per cent, and its ‘war on air pollution’ will exert only a little impact on the economy, according to top officials from the state planning agency, in a statement released on...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Mitra Investindo Acquires 23.44 Stake of Benakat Oil Construction and energy company PT Mitra Investindo Tbk (IDX: MITI) finally sealed approval from stakeholders on Oct. 23 to purchase a 23.44 per cent stake...
JAKARTA (TheInsiderStories) - Various incentive packages granted by the government have yet to trickle down to higher manufacturing activity and reverse a corrosive pattern many consider as Indonesia’s 'de-industrialization'. Minister of Industry Airlangga Hartarto places the blame for the country's abundance of natural resources as the reason for the so-called ‘de-industrialisation trend’. In...
JAKARTA (TheInsiderStories) - Over reliance on tax revenue to finance state budget raises question on the President Joko Widodo’s administration to achieve higher economic growth and a more expansive social welfare program next year, according to economists. Economist from University of Indonesia Faisal Basri said high dependence on tax revenue exposes Indonesia’s...
JAKARTA (TheInsiderStories) - Qatari Nebras Power Q.P.S.C., in collaboration with state-owned power producer PT Perusahaan Listrik Negara (PLN) and its unit PT Pembangkit Jawa Bali (PJB) signed a Head of Agreement for a US$1 billion on Oct. 19. The third party will develop an 800 megawatt (MW) Power Plant, along with a Floating...

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Former Indonesian Minister Accused There is a Fraud on Freeport Deal

JAKARTA (TheInsiderStories) - Former Indonesian Minister of Energy and Mineral Resources, Sudirman Said, accused there is a fraud on the PT Freeport Indonesia (PTFI)...

Indonesian Mining Oligarchy Around Widodo, Subianto

JAKARTA (TheInsiderStories) – The second debate of presidential candidates last Sunday ignited a number of new questions. Debates over energy, food, infrastructure, natural resources...

The Global Economy: Growing More Slowly but not Slumping Yet

JAKARTA (TheInsiderStories) - Growth is slowing in most of the world’s key economies. At best, these economies are reverting to trend. More worrisome is the rising...

Morning Briefing: US’s FOMC Divided on the Further FFR Hikes in 2019

JAKARTA (TheInsiderStories) – Good morning! United States' Federal Open Market Committee (FOMC) minutes meeting showed the member divided wether to raise Federal Reserves fund...

South Korea’s Hyundai, Grab Wants to Develop Electric Vehicles in Indonesia

JAKARTA (TheInsiderStories) – The government continues to open investment taps for foreign companies that want to invest in Indonesia. One of them is by...

Indonesia’s Bank Central Asia Eyes Bank Royal

JAKARTA (TheInsiderStories) - After preparing for almost three years, PT Bank Central Asia Tbk (IDX: BBCA) will soon completed the acquisition a small lender...