Wednesday, June 19, 2019
JAKARTA (TheInsiderStories) - Wimboh Santoso elected as the Chairman of the Board Commissioners of the Financial Services Authority (OJK) for the period of 2017-2022 replacing Muliaman Hadad. Last night, Wimboh defeated Sigit Pramono in the voting process at the House of Representatives (DPR). Wimboh started his bureaucrats career in Bank Indonesia as a banking...
JAKARTA (TheInsiderStories)  -​Indonesia's Gross Domestic Product (GDP) growth in the first quarter of 2017 reached 5.01 percent, higher compared to the same period last year which grew by 4.92 percent, led by the growth in the agricultural sector. The Central Bureau of Statistics (BPS) revealed that the agricultural sector which contributed 13.59...
BOGOR (TheInsiderStories) - Four state-owned enterprises (SOEs) will offer asset-backed securities with total amount Rp15 trillion in this year, said the minister last week. Power producer PT Perusahaan Listrik Negara (PLN) plan to raise funds with worth Rp10 trillion from the securities instrument, while PT Jasa Marga Tbk (IDX: JSMR)...
JAKARTA (TheInsiderStories) - PT Asahimas Flat Glass Indonesia Tbk has started the construction of its new glass plant in Cikampek, West Java with total investment of US$167 million or around Rp2.2 trillion. The development of new plant is aimed at meeting growing demand for glass products in the country. The...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today supported by capital inflow. The gains may be limited as some players are likely to await for the release of economic data, including April consumer price index (CPI). The stock market closed on Monday (May 1) for public holiday. Last Friday,...
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) – Indonesian rice producer and distributor with Topi Koki brand PT Buyung Poetra Sembada (BPS) revived its initial public offering (IPO) plan after delaying from planned December last year. Last Friday, the company announced its plan to conduct roadshow and book building for the IPO on May...
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...
JAKARTA (TheInsiderStories) - PT Amman Mineal Industri, previously known as PT Newmont Nusa Tenggara (NTT) is making progress with its plan to develop smelter plant with planned capacity of 2 million tons of copper concentrates per annum. The company plans to spend US$1.6 billion to develop the smelter plant, located in...
JAKARTA (TheInsiderStories) - The government formally sets up land reform team in order to accelerate the planned redistribution of 2.7 million hectares of land as part of efforts of promote economic equality in Indonesia. Coordinating Minister for Economic Affairs Darmin Nasution said the policy refers to the process of allocating...
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...
JAKARTA (TheInsiderStories) - PT Bank Mandiri Tbk (IDX:BMRI) announced its plan to issue bonds, consisting of coupon bond and zero coupon bonds as part of its Sustainable Bond I Phase II 2017. The value of the bonds is yet to be revealed. The bonds proceeds will be used to...
Singapore, May 22, 2017 -- Moody's Investors Service has assigned a first-time Ba3 corporate family rating to Agung Podomoro Land Tbk (P.T.) (APL). At the same time, Moody's has assigned a Ba3 rating to the proposed USD-denominated bonds to be issued by APL Realty Holdings Pte. Ltd., a wholly owned subsidiary of APL. The...
OVERVIEW In our view, the Indonesian authorities have taken effective expenditure and revenue measures to stabilize the country's public finances despite the terms of trade shock. As a result, we expect net general government debt will stabilize near the current low levels while the budget deficit will gradually decline. We are therefore...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today driven by ongoing capital inflow as well as stable economic growth. As revealed by the Central Bureau of Statistic (BPS), Indonesia recorded GDP growth of 5.01 percent in the first quarter 2017. On Friday, the Jakarta Composite Index closed...
JAKARTA (TheInsiderStories) - PT AKR Corporindo Tbk (IDX:AKRA), a leading fuel and chemical supply chain company, announced its plan on Monday (May 8) to issue Rp1 trillion worth of bonds. The bonds issue is part of the planned Rp2 trillion sustainable bonds to be issued by the company. The company...
JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) leads a syndicated loan amounting to Rp3.2 trillion for the financing of the construction of Pemalang - Batang toll road project in Central Java. The total cost to develop the toll road reaches Rp4.88 trillion.       BNI together with 15 banks signed the loans facility for...
JAKARTA (TheInsider Stories) - PT Tower Bersama Infrastructure Tbk. (IDX: TBIG) will share final cash dividend of Rp665 billion. Previously, Rp330 billion already distributed as Interim Cash Dividend in September 2016. The final dividend will be paid on June 13, 2017 to all shareholders with cum dividend (last trading...
JAKARTA (TheInsiderStories) – The Islam Defenders Front (FPI) leader Rizieq Shihab has been declared as a suspect  by the Police over an alleged steamy WhatsApp conversation scandal with his reported partner Firza Husein, the coordinator of the former president Suharto affiliated Solidaritas Sahabat Cendana Foundation. Rizieq has been summoned by...
JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up today supported by positive global markets and buying interest in selected big caps. On Monday, the Jakarta Composite Index (JCI) opened higher but finally ended in the red zone, closing at 5,749 points, down 42.43 points or 0.73 percent. As many  as...
JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today as some players may opt to cash out following gains early this week and last week. On Tuesday, the Jakarta Composite Index (JCI) edged down 0.19 percent or down 10.81 points at 5,697.06 points. Indosurya Securities projected the JCI to...
JAKARTA (TheInsiderStories) - The Indonesia government officially issued Government Regulation in Lieu of Law (Perppu) No. 1 of 2017 on Access to Financial Information for Tax Interest as a part of Indonesia's commitment to implement Automatic Exchange of Information (AEoI) before June 30, 2017. The Perppu was signed by President Joko...
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) - 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) – The Panel of Judges at the North Jakarta District Court has sentenced Jakarta Governor Basuki T. Purnama two years in jail over alleged blasphemy case. Following the decision, Deputy Jakarta Governor Djarot Saiful Hidayat will assume the post as Acting Governor of Jakarta. “As I am one package...
Singapore, April 28, 2017 -- Moody's Investors Service has downgraded to B1 from Ba3 the corporate family rating of Lippo Karawaci Tbk (P.T.) and the senior unsecured rating of the bonds issued by Theta Capital Pte. Ltd. -- guaranteed by and a wholly owned subsidiary of Lippo Karawaci. At the same time, Moody's...
JAKARTA (TheInsiderStories) - The trading of shares on the Indonesian Stock Exchange is likely to be mixed today ahead of the weekend as players are likely to be cautious of making aggressive moves ahead of the weekend. Some players, however, may target selected stocks on corporation actions or upbeat...
JAKARTA (TheInsiderStories) - PT Indofood Sukses Makmur Tbk (IDX:INDF) announced on Tuesday (May 23) of its plan to issue fixed-rate five year bonds worth Rp2 trillion, called Indofood Sukses Makmur VIII Year 2017 Bonds. The company sets coupon rate of 8.7% per annum, payable every three months starting from August...
 JAKARTA (TheInsiderStories) – The Indonesian government has proposed US$28 billion worth of infrastructure projects during to China during the recent Belt & Road Forum (BRF), National Development Planning Minister and Head of National Development Planning Agency (Bappenas) Bambang PS Brodjonegoro said. The BRF held last week was also attended by...
JAKARTA (TheInsiderStories) - The State Owned Enterprise Ministry (SOE) has appointed I Gusti Ngurah Askhara Danadiputra as new President Director of state port operator PT Pelindo III, replacing Orias Petrus Moedak, who has been recently appointed as Finance Director of PT Bukit Asam Tbk (IDX:PTBA). Danadiputra served as Director of...

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