Singapore -- Moody's Investors Service has placed on review for upgrade the B2 corporate family rating (CFR) of Indika Energy Tbk (P.T.) (Indika) and the B2 ratings on the $500 million backed senior secured notes issued by Indo Energy Finance II B.V. and the $265 million backed senior secured notes issued by Indika...
JAKARTA (TheInsiderStories) - Indonesian integrated energy company PT Indika Energy Tbk (IDX: INDY) has become a majority shareholder in PT Kideco Jaya Agung, its unit. On Sept. 22, the company and its wholly-owned subsidiary PT Indika Inti Corpindo entered into separate Share Purchase Agreements to acquire 45 percent of Kideco...
JAKARTA (TheInsiderStories) - Good morning. We offer you several relevant news items that might help your business decisions today. Freeport Closes Access Road to Tembagapura After Shooting Incident PT Freeport Indonesia (FI) temporarily closed down the mine access road from Timika to Tembagapura and vice versa after the shooting incident to three units of their...
JAKARTA (TheInsiderStories) – Indonesia's central bank (BI) unexpectedly cuts its interest rate on Friday for a second consecutive month, in an attempt to boost sluggish lending and consumption, both depressing economic growth. BI cut its benchmark seven-day reverse repurchase rate by 25 basis points last month, to 4.25 percent, following its...
JAKARTA (TheInsiderStories) – State-owned enterprises (SOEs) Minister Rini Soemarno has been assigned a special task by President Joko Widodo to merge SOEs under holding companies in six sectors, namely, mining, oil & gas, infrastructure construction, housing construction, financial services, and food commodities. Rini stated that the SOE holding company is...
JAKARTA (TheInsiderStories) - Indonesia's State-Owned Enterprises (SOEs) Ministry is targeting to set up its own financial services holding company by 2018. A Financial services holding company is one of the ‘holding master plans’ offered by the Government. “Later, by 2018, it (the holding) will be finished,” said Gatot Trihargo, Deputy of SOE Ministry...
JAKARTA (TheInsiderStories) – Minister of State-Owned Enterprises Rini Soemarno has urged ‘creative fund raising’ from the firm under her ministry (SOEs) to fulfill their financial needs in infrastructure development. Currently the government has begun to promote Rp4 trillion (US$300.75 million) worth of asset-backed securities (ABS) issued by power producer...
JAKARTA (TheInsiderStories) - South Korean construction firm, POSCO Engineering & Construction Co. said it has broken ground for two high rises building in a central business district in Jakarta. Unit of South Korea's top steelmaker POSCO said on Friday (22/9) the buildings will be constructed at a cost of...
JAKARTA (TheInsiderStories) - Good morning! We provide several important news items that might help your business decisions today : Indonesia and Australia to Cut Import Tariffs Indonesia will reduce tariffs on the import of Australian raw sugar, and in return Australia will eliminate import duties on Indonesian herbicides and pesticides. According...
JAKARTA (TheInsider Stories) - United States central bank (the Fed) has left interest rates unchanged at up to 1.25 percent. The policymakers are also sticking with their prediction of one more rate hike this year. A whopping 11 members of the 16-member rate-setting committee said they expected another 25-basis-point increase in Fed rates...

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Indonesia Gets Inflows of Foreign Capital Worth of US$ 3.27B

Indonesia Gets Inflows of Foreign Capital Worth of US$ 3.27B

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) noted that the inflows of foreign capital to the Indonesian market until Feb. 21, 2019 reached Rp 45.9...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years

US-China Trade Battle Hits Global GDP as Negative for 2-3 Years

JAKARTA (TheInsiderStories) – The ongoing trade battle between the United States (US) and the China presents obstacles to global manufacturing and international trade that...

Indonesia’s FIFAstra to Issues US$1.67M Bond

JAKARTA (TheInsiderStories) – Indonesian leasing company, PT Federal International Finance (FIF), which is known for its brand name FIFAstra, will enter capital market to issue...
Indonesia' anti-graft will Summon Samin Tan in Bribery Case

Indonesia’ anti-graft will Summon Tan in Bribery Case

JAKARTA (TheInsiderStories) – Indonesian anti-graft investigating team will summon PT Borneo Lumbung Energy & Metal owner Samin Tan to undergo a preliminary inspection following...

WTO Predicts Global Tensions Triggers Trade Weakness

JAKARTA (TheInsiderStories) – The World Trade Organization (WTO) predicted the trade tensions between the United States (US) and China, political risks and financial volatility...

Insight: Assessing Widodo’s Agrarian Reform Concept

JAKARTA (TheInsiderStories) – The five-year period of Joko Widodo - Jusuf Kalla' leadership was almost over. Since the beginning, the leaders has made agrarian...