Wednesday, July 17, 2019
JAKARTA (TheInsiderStories) - Indonesian telecommunication company, PT Indosat Ooredo Tbk (IDX: ISAT), issued local bond and SUKUK Ijarah with total value of Rp3.38 trillion (US$238.03 million), the management said on a written statement on Thursday (07/04). In details, the funding consists of conventional bonds Rp2.58 trillion and Rp794 billion...
JAKARTA (TheInsiderStories) – The world' largest economies, United States (US) and China have reportedly reorganized to start of serious negotiations next week to complete a year-long trade war between the two countries, an official said on Thursday (07/04). An official from the US Trade Representative Office said the two main negotiators...
JAKARTA (TheInsiderStories) - Indonesia' government s ready to impose sanctions on peoples who violate a new regulation intended to force exporters to keep their foreign exchange (forex) earnings from natural resources in Southeast Asia’s largest economy financial system, finance minister Sri Mulyani Indrawati told media in Jakarta, Thursday (07/4). The...
Consumer Confidence Index Decline in March 2019
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted, country' foreign exchange reserves at the end of June 2019 were recorded at US$123.8 billion, increased 2.9 percent compared to the position at the end of May 2019 which amounted to $120.3 billion. BI' executive director of communication department Onny Widjanarko said that...
JAKARTA (TheInsiderStories) - Indonesian government actively invite global investors to invest in Indonesia. Lot of serials meeting arranged by President Joko Widodo' minister to attrack more investors come to the country. Yesterday, State Own ministry and the United Arab Emirates (UAE) began exploring opportunities for investment and cooperation in numbers...
JAKARTA (TheInsiderStories) - Japan’s government announced on Monday (07/1) that it will restrict the export of fluorinated polyimide, resist and hydrogen fluoride, which is used for semiconductor and display production, and their relevant technologies to South Korea amid the row with Seoul over wartime labor. The new rules, which take...
JAKARTA (TheInsiderStories) – Indonesia' re-elected president Joko Widodo will announce his new cabinet in October. The cabinet composition in the second term will be filled by politicians, professionals, and millennials. Widodo' running mate, Ma'ruf Amin, said they never discussed the cabinet formation and ensured the composition would be chosen from...
Indonesia's BoP will Surplus in 1Q 2019, says BI
JAKARTA (TheInsiderStories) – Governor of Bank Indonesia (BI) Perry Warjiyo invited global investors to immediately invest in Indonesia because of country's bright economic outlook, said Warjiyo in the Indonesia Infrastructure Investment Forum (IIIF) 2019 on Tuesday (07/02). Indonesia's solid economic growth and macroeconomic stability are maintained amid the dynamics of...
JAKARTA (TheInsiderStories) – Indonesian state-owned construction developer, PT Wijaya Karya Tbk (IDX: WIKA) set up an investment partnership with PT Perkebunan Nusantara (PTPN) VIII and PT Rajawali Nusantara Indonesia (RNI) to develop an 11,000-hectare industrial estate in Subang, West Java. The project is estimated to be able to generate...
JAKARTA (TheInsiderStories) - Indonesia' investment management company, PT Sinarmas Asset Management listed Simas Plaza Indonesia real estate investment trust (REIT) products with a total portfolio worth Rp10.4 trillion (US$732.39 million) on Indonesia Stock Exchange (IDX), Thursday (07/4). The total unit of REIT with XSPI coded is 20.80 billion units with...
JAKARTA (TheInsiderStories) - Indonesian state-owned oil and gas corporation, PT Pertamina signed an US$1.5 billion framework agreement with the Export-Import Bank of South Korea, an official export credit agency. The signing of this cooperation was carried out by Pertamina' Finance Director, Pahala N. Mansury and Eximbank CEO Eun Sung-Soo in Seoul,...
JAKARTA (TheInsiderStories) - Indonesia and China agreed to prepare special funds in the Belt and Road Initiative (BRI) project as a result of bilateral meetings between the two leaders, President Joko Widodo, and Xi Jinping, on the sidelines of the G-20 Summit in Osaka, Japan last week, finance minister...
JAKARTA (TheInsiderStories) – A local venture capital, PT Telkomsel Mitra Innovasi (TMI), get fresh funding of US$40 million from its parent company, PT Telekomunikasi Indonesia Tbk (IDX: TLKM). The funds use for its business by funding new startups until the end of 2019. According Chief Executive Officer MTI Andi Kristianto,...
Jakarta (TheInsiderStories) - Princeton Digital Group (PDG), an internet infrastructure developer and operator based in Singapore acquired 70 percent of PT XL Axiata Tbk (IDX: EXCL) data center service business and formed a joint venture company (JVC) called Princeton Digital Group Data Centers (PGDC), said the management on Wednesday (07/03). The new...
JAKARTA (TheInsiderStories) - Indonesia government is preparing a number of legal measures to prevent corruption and crack down on corporate tax arrears in Southeast Asia's largest economy. This was marked by the signing of a memorandum of understanding (MoU) and cooperation agreement between a number of ministries in Jakarta on Wednesday (07/3). The...
JAKARTA (TheInsiderStories) – PT Chandra Asri Petrochemical Tbk (IDX: CAPC) has won a credit rating upgrade from Standard and Poor’s (S&P) Global Ratings from B+ to BB- with outlook stable, the company said on June 3. An integrated petrochemical company get the upgrade backed by the stronger credit quality of...
JAKARTA (TheInsiderStories) - Two British investors, Glodfive Investment Capital Ltd dan Castelford Investment Holding Ltd will become the shareholders of owned Indonesian property developer, PT DMS Propertindo Tbk (KOTA) after listing at the Indonesia Stock Exchange (IDX), said the company in a disclosure information. Both investors reached into pocket Rp270.1 billion...
JAKARTA (TheInsiderStories) - Indonesian food producer, PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA) or TPS Food plans to increase capital without pre-emptive rights or private placement. It will issue 1.57 billion shares with a nominal value of Rp200 a share or 32.77 percent of the company's capital, said...
JAKARTA (TheInsiderStories) - The United States (US) imposes import duties of more than 400 percent on steel imports from Vietnam, due to certain products produced in South Korea and Taiwan are sent to Vietnam for processing, before being exported to the US as products of corrosion-resistant steel and rolled...
JAKARTA (TheInsiderStories) - Indonesian Vice President Jusuf Kalla said that the rate reduction would cause losses to airlines if they were generally accepted. A decrease of up to 50 percent for airplane ticket prices only functions like promo rates, he told the media in Jakarta on Tuesday (07/2). Kalla explained...
JAKARTA (TheInsiderStories) - Indonesia government plans to increase electricity tariffs for 12 non-subsidized groups starting in 2020 after two years of flat rates. The policy is expected to reduce the government's financial burden in the state budget, an energy ministry official said on Tuesday (07/2). Starting next year, electricity tariff...
JAKARTA (TheInsiderStories) - Indonesian government increased infrastructure investment needs worth US$429.7 billion during 2020-2024, rise up 20 percent compared to $359.2 billion in 2015-2019, national development planning minister Bambang Brodjonegoro said in a written statement on Wednesday (07/3). Brodjonegoro revealed the increase in investment was aimed at increasing infrastructure shares...
JAKARTA (TheInsiderStories) - European Union (EU) leaders on Tuesday (07/2) agreed to nominate International Monetary Fund (IMF) Managing Director Christine Lagarde as the next president of the European Central Bank (ECB) when Mario Draghi’s eight-year tenure comes to an end in October. Lagarde's nomination was announced in a tweet by...
JAKARTA (TheInsiderStories) - Iran on Tuesday (07/02) rejected the United States (US) accusations that Tehran has long violated the provisions of its nuclear agreement with world leader powers, after the Islamic Republic said it had collected enriched uranium lower than what was allowed under the agreement. The move marked Iran'...
JAKARTA (TheInsiderStories) - Ormat Technologies Inc., (NYSE: ORA), has signed an agreements to acquire 49 percent of the Ijen geothermal project company, which is holding the license in East Java, said the company today (07/02). Ijen Project is currently at exploration stage. The United States' provider of alternative and renewable energy...
JAKARTA (TheInsiderStories) - Indonesian government postpones the completion of the general review of Indonesia-Japan Economic Partnership Agreement (IJEPA) to the end of 2019 after previously targeted for completion in June, said Trade Minister Enggartiasto Lukita. "Confirmation of the IJEPA settlement by the leaders of both countries is very important and...
Jakarta (TheInsiderStories) - Last June, President Joko Widodo signed a presidential decree concerning on the Indonesian military dual function. It said, this rule made to respect the profession and diverse expertise within the country' army. "This presidential rule comes into force on the date of promulgation," read Article 30 of the...
JAKARTA (TheInsiderStories)– Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured notes to be issued by PT Perusahaan Listrik Negara (PLN, Baa2 stable). The rating outlook is stable. The notes will be issued under PLN's existing US$5 billion medium-term note program (MTN) which is rated (P)Baa2....
JAKARTA (TheInsiderStories) – Gold and copper miner, PT Freeport Indonesia (PTFI) plans to increase the investment value of US$15 billion in Grasberg underground mining until 2041, from now has reached a total investment of $8 billion. It means PTFI will invest almost $1 billion annually. In a special interview with...
JAKARTA (TheInsiderStories) - Indonesia is targeting the implementation of the Traffic Separation Scheme (TSS) technology to implement in 2020, to oversee foreign ships that cross the waters of the world's maritime axis, maritime coordinating minister Luhut Binsar Pandjaitan told media in Jakarta, Tuesday (02/7). The government expects that the TSS...

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