Monday, June 17, 2019
Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019
JAKARTA (TheInsiderStories)--Bank Indonesia estimated economic growth might reach 5.2 per cent in the second quarter this year, said Bank Indonesia’s governor Perry Warjiyo on Friday (13/07). "We initially estimated 5.2 per cent, we still count the possibilities a little lower," he added, as quoted by CNBC Indonesia. Bank Indonesia estimate is...
Indonesia's Forex Reserves Lowers to US$120.1B in January
JAKARTA (TheInsiderStories)—Bank Indonesia (BI) estimated economic growth in the range of 5.2 per cent to 5.6 per cent in 2019, lower than government’s target of 5.4 per cent to 5.8 per cent, said Bank Indonesia’s governor Perry Warjiyo in the House of Representatives plenary meeting on Thursday (31/05). Warjiyo said...
JAKARTA (TheInsiderStories) - China's consumer price index (CPI) rose 2.3 percent year on year (YoY) in August, following a 2.1 percent increase in July, according to the National Bureau of Statistics. It was the third straight month of increase since June and the highest over the past six months. Higher...
JAKARTA (TheInsiderStories) - State-owned Enterprise Ministry (SOEs) for the second time of this year shake up the management of energy firm PT Pertamina after a series of problem including oil spill in Balikpapan, East Kalimantan. Previously in Feb. 2017, SOEs Minister Rini Soemarno change the management board of the company following plans...
JAKARTA (TheInsiderStories) - President Joko Widodo's ambition to build infrastructure financed by public debt since taking over the administration three years ago has aroused an uneasy awareness among the public. Indonesian government debt reached Rp3,938.7 trillion (approx. US$294 billion) as of the end of 2017, up Rp423.3 trillion from its position...
JAKARTA (TheInsiderStories) - The construction pof copper smelter facility of PT Amman Mineral Industri (PTAMIN), an affiliated company of PT Amman Mineral Nusa Tenggara, will soon be realized upon completion of the review on Environmental Impact Analysis, Environmental Management Plan and Environmental Monitoring Plan documents carried out by the regional government of West Nusa Tenggara. Imron Gazali,...
JAKARTA (TheInsiderStories)—The Investment Coordinating Board of Indonesia reported that the country recorded realization investment Rp185.3 trillion (US$13.42 billion) in the first quarter of 2018, an 11.8 per cent rise compared to last year quarter of Rp165.8 trillion. The realization of foreign direct investment (FDI) in Indonesia reached Rp108.9 trillion, up...
JAKARTA (TheInsiderStories)--PT Adaro Energy Tbk (IDX: ADRO) and EMR Capital Ltd completed acquisition process in Kestrel Coal Mine on Wednesday (01/08). It is a follow-up of an agreement between Adaro and EMR on March 27, 2018, to acquire 80 percent of Rio Tinto‘s coal asset Kestrel in Australia. The ownership in the...
JAKARTA (TheInsiderStories) - Eastern Field Developments Ltd, a special-purpose vehicle of Procap Partners Limited, PT Saratoga Investama Sedaya Tbk (IDX:SRTG) and PT Merdeka Copper Gold Tbk (IDX:MDKA) has announced its intention to take over the Indonesian assets of Australian copper miner Finders Resources Ltd's (ASX: FND), for an estimated value of...
JAKARTA (TheInsiderStories)—Indonesian government handed over the management of eight working areas (WA) that expired its contract in 2018 to PT Pertamina. The investment potential for the first three-year worth of US$556.45 million. Previously, Director General of Oil and Gas at the Ministry of Energy and Mineral Resources (MEMR), Djoko Siswanto, explained that...
JAKARTA (TheInsiderStories) - Hours before Indian Prime Minister Narendra Modi meet Indonesia's President Joko Widodo, Bloomberg came up with a report saying India and Indonesia are among Asia's worst-hit Asian currencies this year. It's no surprise that India and Indonesia are among the worst-hit Asian currencies this year when we look at...
JAKARTA (TheInsiderStories) - In order for the chemical industry to achieve its designated objective as one of the five priorities in the Industry 4.0 Roadmap, the government must acknowledge that basic but sustained improvements on the part of policies would have a significant impact. Chemical, along with food and beverages,...
JAKARTA (TheInsiderStories)-- With trade war rhetoric between key economies is intensified, Indonesia and other developing economies could be adversely affected. So the main question is Indonesia prepared to withstand its impact, or even, can benefit from the situation? The trade war between the United States and China seems to be a...
JAKARTA (TheInsiderStories)--Indonesia's Ministry of Finance mulled a sanction for accounting giant Deloitte Indonesia for its role in the default of PT Sunprima Nusantara Financing (SNP Finance)'s medium-term note. Head of Financial Support Profession Development Center of MoF Langgeng Subur on Tuesday (7/7) said the investigation of the case had finished and the...
JAKARTA (TheInsiderStories) - Korean retail giant Lotte said on Dec. 21 it has purchased two Indonesian synthetic resin makers, according to local media reports. Lotte Advanced Materials, the chemical arm of Lotte, has signed a deal to wholly purchase PT Arbe Styrindo and PT ABS Industri Indonesia. Lotte did not disclose...
JAKARTA (TheInsiderStories) - Two Indonesian private equity firms invested in local online media as part of its expansion into online content, it said. Go-Ventures, unit of Indonesian technology provider Go-Jek has invested in Kumparan and East Ventures invested in Katadata.  Kumparan is a hybrid news and social media platform that enables users to...
JAKARTA (TheInsiderStories) - Director General of Oil and Gas for Minister of Energy and Mineral Resources (MEMR) Djoko Siswanto said, the government plans to auction Tarakan oil and gas block  to investors. Tarakan Offshore PSC is onshore and offshore block located in Tarakan Basin, North Kalimantan which covering area 127.38 sq...
JAKARTA (TheInsiderStories) - State-owned railway operator PT Kereta Api Indonesia (KAI) plans to generate Rp2 trillion (US$140 million) from its second corporate bond issuance, as it seeks a sizeable amount of funds for the replacement of obsolete train cars this year. The company needs to replace about 1,000 train cars to...
JAKARTA (TheInsiderStories)--Indonesia recorded a widening trade deficit to US$2.03 billion in July 2018, the worst since July 2013, due to soaring consumer goods imports, Central Statistics Agency reported on Wednesday (15/8). It worsened than trade balance in the previous month that booked a surplus of US$1.74 billion. Imports soared to US$18.27...
JAKARTA (TheInsiderStories)–Indonesia still recorded trade deficit US$1.02 billion in August or lowered 49.75 percent from previous month worth of $2.03 billion, Statistics Indonesia reported on Monday (17/09). Head of Statistic Indonesia Suhariyanto reported, the country' export recorded $15.82 billion (year on year) or grew 4.15 percent and imports i$16.84 billion or grew 24.65 percent...
Subianto-Uno Offers New Strategies for Future Indonesia’s 5-years Development
JAKARTA (TheInsiderStories) - Prabowo Subianto and Sandiaga Uno officially registered as presidential and vice presidential candidates to the General Election Commission this afternoon. Together with his supporters and the supporting parties, the two candidates walked from Sunda Kelapa Mosque to the election commission office. There is an unique event at the Subianto's declaration,...
JAKARTA (TheInsiderstories) - Asian shares, including shares on the Indonesian Stock Exchange, plunge on Wed. 7 on fears of U.S - Chinese trade tensions. The Jakarta Composite Index (JCI) closed down 2.028 per cent  at 6,362.975, while MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.65 per cent, and...
JAKARTA (TheInsiderStories)--Deputy Energy and Mineral Resources Minister (MEMR) Arcandra Tahar said the oil & gas producer PT Chevron Pacific Indonesia cut the investment estimates for Indonesia Deepwater Development (IDD) to US$6 billion from initially $12.8 billion. It is in line with the Minister of Energy and Mineral Resources request as...
JAKARTA (TheInsiderStories)  - Presidential candidate Prabowo Subianto signed a pact of integrity with some clerics under the National Movement to Safeguard the Ulema Fatwa, an umbrella organization of Islamic groups  behind last year anti Basuki Tjahaja Purnama protest, which includes the Front Pembela Islam (FPI) on Sunday (17/09). The pact...
JAKARTA (TheInsiderStories) - Indonesia's biggest consumer goods company Unilever Indonesia booked Rp 7 trillion (approx. US$ $515 million) in net profit over full-year 2017, up 9.6 percent year-on-year (y/y) from net profit in the preceding year. The company's net profit growth was supported by a 2.9 per cent (y/y) increase in...
JAKARTA (TheInsiderStories) - Singapore' BOC Aviation Limited (HKEx: 2588) is pleased to announce that it has purchased eight new A330NEO family aircraft from Airbus, said the company on Thursday (23/08). All eight aircrafts are scheduled for delivery to Lion Air Group in 2019 and 2020. Furthermore, BOC Aviation said, Lion Air...
Surabaya (TheInsiderStories) - Two international companies, Singapore's PSA International Pte. Ltd., and PT China Communications Construction Engineering Indonesia (CCCEI) joined with state-owned port operator PT Pelabuhan Indonesia III or Pelindo III declared to develop Kendal International Port in Central Java. The cooperation outlined in the memorandum of cooperation (MoC) was...
JAKARTA (TheInsiderStories) -  Mahathir bin Mohamad's party has won the Malaysian election in a shock result and beat the incumbent leader Najib Razak. Pakatan Harapan (PH), an alliance of opposition parties spearheaded by the former prime minister had defeated Razak’s Barisan Nasional coalition. The 92-year-old Mohamad, who had retired 2003 after leading Barisan...
JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund 32 kilo meters Salatiga-Kartasura toll road in Central Java. The syndicated lenders are PT Sarana Multi Infrastruktur (SMI), PT Bank of Tokyo Mistsubishi UFJ Jakarta Office,...
JAKARTA (TheInsiderStories)--China's Pengxin International Mining Co. Ltd., is considering to buy Indonesia gold and silver mine Martabe from a consortium led by Australian private equity manager EMR Capital, one official told TheInsiderStories on Sunday (03/06). The planned is still in the assessment process, she said. Currently, Martabe mine has resources of 7.5...

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