JAKARTA (TheInsiderStories) - Indonesia government will issue a presidential decree to improve the policy of local content level to reduce imports as well as developing import substitution industry, senior official said. Coordinating Minister for Maritime Affairs, Luhut Panjaitan said, the regulation will replace current local content regulation which is only...
JAKARTA (TheInsiderStories) - Indonesia recorded Consumer Price Index (CPI) of 0.22 percent in July 2017 as shrinking of inflation pressure after Ramadhan and Eid al-Fitr, Central Bureau of Statistics (BPS) reported. Last month, the CPI recorded 0.69 percent. “Staple food prices is decreasing. Some of staple foods contributes deflation such...
Hong Kong, July 31, 2017 -- Moody's Investors Service says that the stable rating trend for non-financial corporates in Asia Pacific during 2Q 2017 (the three months ended 30 June 2017) will likely continue through 2H 2017 (the six months ending 31 December 2017). "The stable rating trend for 2H 2017 will be...
Singapore, July 31, 2017 -- Moody's Investors Service has placed the Caa1 corporate family rating (CFR) of Gajah Tunggal Tbk (P.T.) and the Caa1 rating on its $500 million senior secured notes due February 2018 on review for upgrade following the announcement of Gajah Tunggal's refinancing plans. Moody's has also assigned a Caa1 rating...
JAKARTA (TheInsiderStories) - Indonesian travel apps, Traveloka announced that the company has raised approximately US$500 million through investments from global online travel leader Expedia, Inc. (NASDAQ: EXPE), East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital within the last year. The investment highlight confidence in the company and potential of Southeast Asia...
JAKARTA (TheInsiderStories) - Singapore and Government of Indonesia preparing six investment partnership to improve the bilateral relationships between the two countries. The annual bilateral meeting will be held in Singapore this September Darmin Nasution, Coordinating Minister for Economic Affairs (CMEA), said six working groups prepared to realize the cooperation between Singapore and Indonesia....
JAKARTA (TheInsiderStories) - Publicly listed coal miner PT Bumi Resources Tbk (IDX: BUMI) raised Rp35.09 trillion (US$2.63 billion) from rights issue and mandatory convertible bonds (MCB) issuance, said the company on Friday (28/7). Previously, Bumi Resources has planned to convert its debt worth $3.8 billion into equity or new loans. The company announced...
Singapore, July 25, 2017 -- Moody's Investors Service has assigned a Baa3 rating to the proposed backed senior secured USD notes of Minejesa Capital BV (MCBV) due 2030 and 2037 in two tranches. The proposed notes are unconditionally and irrevocably guaranteed by Paiton Energy (P.T.) (Paiton Energy), a related...
JAKARTA (TheInsiderStories) -  While U.S minerFreeport-McMoRan Inc. (FCX) said it opts to stop its investment in Indonesia operation if its Indonesia's entity, PT Freeport Indonesia (FI) failed to reach deal with the Government of Indonesia. Freeport has allocated US$700 million investing in underground mining activity this year and US$750 million...
JAKARTA (TheInsiderStories) - U.S Federal Reserves (The Fed) decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent, said the central bank on Wednesday (26/7). The action followed other central banks (CBs) in the world to hold the rates "In view of realized and...

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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...