Daily Briefs  – Nov 6

JAKARTA (TheInsiderStories) – Good Morning, we provide several important news that might help your business decisions today, as follows : Becakayu Toll Road Officially opened President Joko Widodo on Friday officiated the operation of the Bekasi-Cawang-Kampung Melayu (Becakayu) toll road sections 1B-1C, whose construction was halted for 20 years. The 1B and 1C Becakayu toll...
JAKARTA (TheInsiderStories) - PT Pertamina, Indonesia’s state-owned diversified energy company, has announced it will inaugurate the groundbreaking of the Refinery Development Master Plan (RDMP) Balikpapan by the end of this year. President Director of Pertamina Elia Massa Manik said the company has set aside cash amounting to US$1.1 billion,...
JAKARTA (TheInsiderStories) - United States President Donald Trump has appointed Jerome Powell to chair the Federal Reserve (Fed), bypassing Janet Yellen for a second term. Powell took office as a member of the Board of Governors of the Fed on May 25, 2012, to fill an unexpired term. He was reappointed and sworn...
JAKARTA (TheInsiderStories) - State electricity company PT Perusahaan Listrik Negara (PLN) will soon sign power purchase agreement (PPA) for nine renewable energy-based power plants with combined installed capacity of 640.65 MW. Director General for New, Renewable and Energy Conservation Rida Mulyana said seven of the 9 power plants are micro...

Daily Briefs, Nov 3

JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Indika Powers Up for Dollar Return Indonesian power producer Indika energy launched a dollar bond on Thursday, turning investors more than a month after a roadshow for the proposed transaction. In late...
JAKARTA (TheInsiderStories) – Indonesian listed companies have unveiled their nine months (9M) financial reports, with most soundly beating market expectations. We wrap up their financial performance in the 9M sectoral base as follows: Banking The sector has shown strong performance with three major state-owned lenders, including largest state-owned lender (by...
JAKARTA (TheInsiderStories) - The Indonesian banking industry’s outstanding loans are growing at a more tepid pace than anticipated, due to weaker demand for property and working capital loans, reflecting the country's muted economic expansion. This phenomenon is forcing the financial sector regulator to revisit its target for full year. Indonesia...
JAKARTA (TheInsiderStories) - Indonesia has made substantial progress in improving its business climate, as reflected in the increase of Indonesia’s global ranking in terms of ‘ease of doing business’ (EODB) a rating issued by the World Bank on Wednesday (Nov. 1): it raised the country 19 places, to 72nd...
JAKARTA (TheInsiderStories) - Federal Reserves has decided to hold its key rate as a move to maintain price stability, after the US economy disrupted by hurricane. “In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate...
Technological challenges apparent Moody's Investors Service says that the outlook for the telecommunications industry in Asia Pacific is stable, but will also face headwinds from technological changes. "Three factors drive the stable outlook; expectations of year-on-year average revenue growth of about 2.0%-2.5% over the next 12-18 months; EBITDA growth...

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Insight: The Indo-Pacific Cooperation's Significance for Indonesia

Insight: The Indo-Pacific Cooperation’s Significance for Indonesia

JAKARTA (TheInsiderStories) – Indonesia held a High-Level Dialogue on Indo-Pacific Cooperation (IPC) in Jakarta on March 20, 2019, with the theme "Towards a Peaceful,...
Indonesia Initiates Indo-Pacific Cooperation to Maintain Economic Stability

Indonesia Initiates Indo-Pacific Partnership to Maintain Economic Stability

JAKARTA (TheInsiderstories) – In the midst of various global economic uncertainties, Indonesian government sees the importance of the Indonesia-Pacific region partnership that is home to...
Bank of Japan Maintains Negative Interest Rate

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JAKARTA (TheInsiderStories) - Statistics Japan shows that the country' annual inflation lowered to 0.7 percent in February from 0.8 percent in a month earlier....
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May, EU Parliament Sets New Deadlines for Brexit

JAKARTA (TheInsiderStories) – European Union (EU) Parliament finally gave a two-tier extension for United Kingdom (UK) Prime Minister Theresa May' Brexit planned by softening the...
Boeing Suspends the Operations of 371 MAX 737 Aircraft

Two Indonesia’s Airlines Cancels Boeing Purchase Plans

JAKARTA (TheInsiderStories) - Two flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) and PT Lion Mentari Airlines had canceled Boeing 737 Max 8 booking. The...

Moody’s Revises Indosat Ooredoo’s Outlook to Negative

JAKARTA (TheInsiderStories) -  Moody's Investors Service ("Moody's") has revised the outlook on P.T. Indosat Tbk' (lndosat Ooredoo) ratings to negative from stable. At the same...