JAKARTA (TheInsiderStories) - The Islamic Development Bank (IDB) announced to providing loan facilities US$12.2 billion including to Indonesia and other countries, the president Bandar Hajjar disclosed on Monday at the sideline 42th IDB Annual Meeting in Jeddah, Saudi Gazette reported. Based on IDB data, Turkey tops the list of countries receiving loans $1.7...
JAKARTA (TheInsiderStories) - Bank Indonesia, the country's central bank, has issued ruling that will limit the amount of paper money to be brought out and inside the country. Based on the ruling (PBI NO. 19/7/PBI/2017) dated on May 5, 2017, the amount of paper money of Rp1 billion can only...
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating (CFR) of MNC Investama Tbk. (P.T.) (BHIT) to Caa2 from Caa1, and the senior secured rating on the notes, issued by its wholly-owned subsidiary, Ottawa Holdings Pte. Ltd., and unconditionally and irrevocably guaranteed by BHIT, to Caa3 from Caa2. The outlook on the...
JAKARTA (TheInsiderStories) - State owned brokerage firm Mandiri Sekuritas, owned by Bank Mandiri, has set up a fully owned Singapore subsidiary called Mandiri Securities Pte Ltd (Mandiri Securities Singapore). The establishment of the subsidiary is part of the brokerage firms drive to expand its global outreach. Mandiri Sekuritas obtained Capital Markets Services permit from...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade higher today, extending yesterday’s gains, partly driven by news of widening trade surplus in April. Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached...
JAKARTA (TheInsiderStories.com) - Indonesia recorded exports of US$13.17 billion in April 2017, declined 10.30 percent from previous month, but rose 12.63 percent from the same month last year. Imports reached US$11.93 billion, declined by 10.20 percent from previous month, but rose 10.31 percent from the same month last year. As...
JAKARTA (TheInsiderStories) - AirAsia Berhad signed the memorandum of understanding (MoU) with Everbright and Henan Government Working Group to develop low cost carrier (LCC) in Tiongkok. The third parties will establish joint venture  company namely AirAsia (China) to serve LCC based in Zhengzhou, the capital city if Central Tiongkok. The MoU was signed by AirAsia Group...
Singapore -- Moody's Investors Service has today upgraded to Baa3 from Ba1 the issuer rating of Indosat Tbk. (P.T.) (Indosat Ooredoo). The outlook for the rating is stable. At the same time, Moody's has withdrawn the company's Ba1 Corporate Family Rating. RATINGS RATIONALE "The rating upgrade reflects the continued strengthening of Indosat Ooredoo's operational metrics as...
Rajiv Biswas, Asia Pacific Chief Economist for IHS Markit Key Points: China will host ‘The Belt & Road Forum for International Cooperation’ on 14-15 May in Beijing with an estimated 28 heads of state expected to attend, including President Vladimir Putin of Russia, Indonesian President Joko Widodo, Malaysian PM Najib Razak...
​​​JAKARTA (TheInsiderStories) - Indonesia’s balance of payments surplus continued in first quarter (Q1) of 2017 as a result of large capital and financial surplus that outpaced current account deficit. The balance of payments surplus stood at US$4.5 billion, relatively the same as the preceding quarter surplus, or in contrast...

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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...