Daily Briefs – Sept. 12

JAKARTA (TheInsiderStories) – Good morning. We present several relevant news items that might provide useful intelligence for your business decisions today : JCI has the potential to strengthen. William Surya Wijaya from PT Indosurya Mandiri Sekuritas predicts the Jakarta Composite Index (JCI) will move in a range of 5,797 - 5,903 on...
JAKARTA (TheInsiderStories) - The development of property projects in cities historically followed trade and transport routes. With a strong demand for better public transportation into suburban areas, many developers are competing to build projects close to mass transport stations. The horrendous traffic congestion of urban Jakarta is mostly attributed to...
JAKARTA (TheInsiderStories) - PT Garuda Maintenace Facilities Aerowisata (GMF), a unit of state-owned airlines operator PT Garuda Indonesia Tbk (IDX: GIAA), has set its initial public offering (IPO) price between of Rp390 to Rp510 per share. The company is offering 20 percent of its total enlarged capital or 6.35 billion...
JAKARTA (TheInsiderStories) - The European Central Bank (ECB) has decided to keep its interest rate unchanged while reiterating there is a possibility it will begin tightening its monetary policy. While U.S Federal Reserves (The Fed) remain unclear on its next monetary policy. "Thus, monetary tightening in Europe will inevitably impact...
Singapore, September 11, 2017 -- Moody's Investors Service says that its Asian Liquidity Stress Index (Asian LSI) improved in August, decreasing to 26.8% from 28.5% in July 2017. The Asian LSI measures the percentage of high-yield companies with SGL-4 scores as a proportion of high-yield corporate family ratings (CFRs) and decreases when speculative-grade liquidity...
JAKARTA (TheInsiderStories) - Good morning, we present several important news that might help your business decisions today : JCI weekly weakens 0.11 percent During last week, the Indonesia Stock Exchange recorded a composite stock price index weakened by 0.11 percent to 5,857.11 points. This comes after a long surge upwards. Along with the...
JAKARTA (TheInsiderStories) - The owner of Hermina Hospital, PT Medikaloka Hermina, has revealed a plan to raise up to US$200 million via an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) in 2018. Hermina President Director Dr Hasmoro explained in public expose on Thursday (7/9) that fresh funds from the...
JAKARTA (TheInsiderStories) –Indonesia’s foreign exchange reserve asset position stood at US$128.8 billion by August 2017, a figure just US$1 billion higher than the one reported at the end of July 2017, at US$127.8 billion, Indonesian Central Bank (BI) said on Friday (8/9). Executive Director of Communication Department of BI Agusman said,...
JAKARTA (TheInsiderStories) - State-owned electricity organization PT Perusahaan Listrik Negara (PLN) has signed yet another purchasing power agreement (PPA) with Independent Power Producers (IPP) to expand renewable energy sources in Indonesia, following the signing of 53 previous PPA, with combined capacity of 350 megawatts (MW), in August 2017. This new deal is...
JAKARTA (TheInsiderStories) - The United States Dollar (US$) currency is down against all major currencies, its weakness exacerbated by the strengthening of the Euro. This has also exerted an effect on the Rupiah, the Indonesian currency, rupiah, as it strengthened 83 points or 0.62 percent on opening today, while the US$ was at Rp...

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Indonesia Plans to Complete the Unclear Regulations on Agricultural VAT

Indonesia Plans to Complete the Unclear Regulations on Agricultural VAT

JAKARTA (TheInsiderStories) – The government plans to discuss the impact of policies related to the discourse on the elimination of Value Added Tax (VAT)...
Indonesia to Completes Korea's CEPA This Year

Indonesia to Completes Korea’s CEPA This Year

JAKARTA (TheInsiderStories) – Indonesian government continues to boost the process of ratifying trade agreements with other countries. This year, the government intends to finalize...
China's Current Account Surplus in Q4 2018 by Strong Exports

China’s Current Account Surplus in Q4 2018 by Strong Exports

JAKARTA (TheInsiderStories) – China posted a current account surplus of US$ 54.6 billion in the fourth quarter (Q4) of 2018, a 134.3 percent increase...
Moody's Revises Bumi Resources' Ratings Outlook to Negative

Moody’s Revises Bumi Resources’ Ratings Outlook to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B3 corporate family rating (CFR) for PT Bumi Resources Tbk (Bumi). At the same time, Moody's has...
Indonesia' Maybank will Issue Bonds of US$ 71.42 M

Indonesia’ Maybank will Issue Bonds of US$ 71.42 M

JAKARTA (TheInsiderStories) - PT Bank Maybank Indonesia Tbk (IDX:BNII) plans to issue bonds  around Rp1 trillion or US$ 71,42 million in second half of...
Insight: Questioning Trump's Denuclearization Commitment

The US Wants to Set Up a Liaison Office in North Korea

JAKARTA (TheInsiderStories) – United States (US) is considering setting up a diplomatic office in North Korea, a symbolic move that could show how relations...