JAKARTA (TheInsiderStories) - Indonesian Energy Ministry and its Saudi Arabian counterpart have renewed their commitment to speed up the development of Cilacap refinery, which is to be jointly developed by Indonesian state energy company Pertamina and Saudi Aramco, both state energy companies. The commitment was reaffirmed during the visit of...
PwC economic analysis also points to US economy growing by 2.2% in 2017 In November, South East Asia will be at the front of the global economic stage, when both the AsiaPacific Economic Cooperation (APEC) and the Association of South East Asian Nations (ASEAN) meet. With South East Asia defying...
JAKARTA (TheInsiderStories) - Muhamad Chatib Basri, a former Minister of Finance of Indonesia and Chairman of the Indonesian Investment Coordinating Board describe his view on East Asian economy situation. The Senior Lecturer at the Department of Economics of University of Indonesia sees a new trend in global economy. To know...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Indonesia Tenders US$1 Billion Patimban Port The Transportation Ministry has begun the tender process for the construction of a planned $1 billion Patimban Port in Subang, West Java. Three work packages are...
JAKARTA (TheInsiderStories) - The Indonesian government has just completed the largest tax amnesty program in the country’s history. The policy was intended to raise tax revenue to finance, among other things, the government’s spending spree of infrastructure programs.​ The question is, what is next after the tax amnesty program? Analysts...
JAKARTA (TheInsiderStories) - Indonesia Minister of Finance Sri Mulyani said that the ministry may soon lift ban on JPMorgan Chase & Co and reinstates the investment bank as an underwriter. The ban was imposed last year after the US investment bank wrote negative comments about the Indonesian stock market. "Any...
JAKARTA (TheInsiderStories) – Indonesia Investment Coordinating Board (BKPM) announced the realization of investment during January to September (9M) of 2017 worth of Rp513.2 trillion (US$38 billion). The value is 13.2 per cent higher compared to 9M of 2016 of Rp453.4 trillion or 75 per cent from this year target...
Hong Kong -- Moody's Investors Service says that the Asian high-yield bond market has shown a record level of issuance for January-September 2017, while refinancing risk is manageable and the default rate for all of the year will remain low. "A total of USD9.1 billion was issued in Q3, raising issuance through end-September to...
JAKARTA (TheInsiderStories) - Upstream oil and gas companies ponied up just US$5.57 billion on capital expenditures from January to September (9M), and seem unlikely to meet a stated full-year goal of $22.2 billion, according to data compiled by regulatorThe Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas). The hesitant...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Japan agrees to accelerate investment in Indonesia The Republic of Indonesia has concluded an agreement with Japan to collaborate in accelerating development on Padang-Bukittinggi-Pekanbaru infrastructure along the Sumatra Toll Road. At a meeting with...

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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

Japan February Inflation Rate Weaker than Estimated

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....
PM May and EU Parliament Gets “Two New Deadlines” after Crisis Talks

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...