Commodity Exporters Gradually Recovering from Recent Low Prices WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and...
Indonesia has retained its top ten ranking in A.T. Kearney’s 2017 Global Retail Development Index (GRDI), released today. Indonesia was ranked 8th in this year’s Index, highlighting the country’s resilient retail sector amidst fierce competition from other emerging economies. The GRDI, now in its 16th edition, ranks the top 30...
JAKARTA (TheInsiderStories) -Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra and prepared to invest up to 10 billion euros (over than Rp100 trillion), said one official. Tanjung Api-api SEZ focus on three main industries rubber, oil palm and petrochemical. “They will develop oil refinery, storage tanks,...
JAKARTA (TheInsiderStories) - Indonesian government issued unguranteed samurai bonds JPY100 billion in May, 31 to finance the deficit 2017's budget, Finance Ministry announced. For the first time Indonesia issued samurai bonds in a public offering format since the enactment of Law Number 24 Year 2002 regarding Sovereign Debt Instruments. In addition, for the...
JAKARTA (TheInsiderStories) - The Indonesian government is pushing more private sector, including pension funds, to involve in the infrastructure sector, by investing in the government’s national strategic infrastructure projects. According to the Financial Services Authority (OJK) rule, pension funds can invest their money in real sector with a maximum of only 10...
JAKARTA (TheInsiderStories) -French multinational electric utility company ENGIE and developer of private micro networks Electric Vine Industries (EVI) collaborated on a US$240 million project to provide energy in Papua Island, said the company in a press statement. This partnership will provide energy to 3,000 villages over a 20-years period. ENGIE and EVI will...
By Brian Jackson, China Economist, IHS Markit Key Points: China's official manufacturing purchasing managers' index (PMI) was unchanged at 51.2 in May, according to a release from the National Bureau of Statistics. The index declined in April from a five-year high of 51.8 in March. Output expanded at a slower...
JAKARTA (TheInsiderStories)- Indonesia recorded Consumer Price Index (CPI) of 0.39 percent month to month (mtm) in May 2017, driven by the rising of staple food prices ahead of the fasting month or Ramadhan. Data from Central Bureau of Statistics (BPS) show that all of expense component contributes for the inflation...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to be mixed today with gains in selected big caps likely to be offset by sell-off in resources stocks on fluctuation of global commodity prices, analysts say. On Monday, the Jakarta Composite Index (JCI) weakened by 0.08 percent or down 4.48 points at...
JAKARTA (TheInsiderStories) – PT Amman Mineral Nusa Tenggara (AMNT), previously known as Newmont Nusa Tenggara (NNT) is proposing to PT Freeport Indonesia to jointly use smelter facility to process their ores. Amman Mineral is developing a smelter in its Batu Hijau mining site in Sumbawa, West Nusa Tenggara. Bisnis Indonesia...

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Indonesian Election: Subianto – Uno Declares Victory

JAKARTA (TheInsiderStories) - Prabowo Subianto and Sandiaga Salahuddin Uno declare a victory as a president and vice president of Indonesia. The pair give the declaration at...
Insight: Indonesia’s Incredible Challenge Elections

The Opposition Complains Quick Count Surveys to Election Commission

JAKARTA (TheInsiderStories) – The results of a quick count of survey institutions on the 2019 Presidential Election were long tails. Today, Prabowo Subianto -...
Indonesia's Oto Multiartha to Issue US$71M Bond

Indonesia’s Oto Multiartha to Issue US$71M Bond

JAKARTA (TheInsiderStories) — Amid the uncertainty of Indonesia’s election and global economic turmoil, capital market is still a preferred choice to get source of...

Singapore’s Al Falah Investment will Acquires 50.3% Bank Muamalat Shares

JAKARTA (TheInsiderStories) – Indonesian businessman Ilham Habibie through his company Al Falah Investments Pte. Ltd. will become the controlling shareholder of PT Bank Muamalat...

China’s Economy Rises Supported by Industrial, Revenue Escalations

JAKARTA (TheInsiderStories) – China's economy showed positive signs in the first quarter (1Q) of 2019, supported by industrial growth, accelerated revenue and lower unemployment....
Widodo-Amin Emphasizes Equitable Economic Development

Moody’s: The Victory of Quick-Poll’s Widodo-Amin Gives Hope to Sustainable Development

JAKARTA (TheInsiderStories) – Moody's Investors Service stated that the quick poll results so far indicate a second term for incumbent President Joko Widodo. This...