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...
JAKARTA (TheInsiderStories) - Board governors of Bank Indonesia (BI) awaiting the announcement of the US' Federal Reserves (Fed) before made monetary policy stance, said one official on Wednesday (12/09). "We will monitor it and we will calibrate again," BI Deputy Governor, Dody Budi Waluyo told reporters at his office. As said by the...
JAKARTA (TheInsiderStories) - Good morning. Trade is the main course for today’s menu. The Statistics Indonesia will announce the country’s August trade data at 1100 local time today, which is expected to stay in a deficit due to a combination of falling rupiah and higher oil price. Moody’s Analytics expected Indonesia to...
JAKARTA (TheInsiderStories) – The two tickets contesting the 2019 presidential election have finally named their respective campaign chairmen - a move that analysts say reflects the strategy and priorities of each side. President Joko Widodo (Jokowi) has picked a media and sports tycoon, Erick Thohir, who could get him the millennial...
JAKARTA (TheInsiderStories) –Finance Minister Sri Mulyani Indrawati has called for united efforts among all business players and the government to strengthen Indonesian economy amid mounting global pressures caused by hawkish move of the Us Federal Reserve and the trade war being waged by US President Donald Trump. Strongly felt in the...
JAKARTA (TheInsiderStories) - Indonesian Finance ministry has issued Minister of Finance Regulation Number 112 Year 2018 which aims to control the trade balance, to reduce the import duty and import tax limit which was previously US$100 to $75 per person. Director General of Customs and Excise for the finance ministry, Heru...
JAKARTA (TheInsiderStories) – The House of Representatives’ Commission-XI, which is in charge of state budget, has approved the macroeconomic assumptions in the 2019 state budget with economic growth being targeted at 5.3 percent and inflation at 3.5 percent. During the hearing with the House’s state budget commission led by Commission-XI Chairman Melchias...
Indonesia's XL Axiata Raises US$90.8 M from Bond Issuances
JAKARTA (TheInsiderStories) - Indonesian cellular operator PT XL Axiata Tbk (IDX: EXCL) published two debt securities under a two-year program with total amount Rp2 trillion (US$68.96 million), it said on Thursday (13/09). The unit of Malaysian Axiata Group Bhd has planned to issue debt securities with total amount Rp5 trillion...
JAKARTA (TheInsiderStories) - Moody's Investors Service says that Indonesia's (Baa2 stable) broadly sound economic fundamentals and strengthened policy framework are containing credit risks associated with the Rupiah's recent decline, but additional currency weakness would have economy-wide credit-negative effects, especially given the government and corporate sector's reliance on external funding. "In recent years, policymakers...
JAKARTA (TheInsiderStories) - Indonesia Supreme Court ordered the Minister of Transportation to revoke the Regulation Number 108 of Year 2017 concerning the Implementation of Transportation of People with Public Motorized Vehicles Not in Routes. Case began when the ministry issued the regulation on June, 2017. During the process of making of the rules,...

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Morning Briefing: Global Oil Prices Near Three Months High

JAKARTA (TheInsiderStories) – Good morning! Global oil prices near three months high as market tightened amid rekindled hopes that the United States (US) and China...

Insight: Widodo, Subianto Fails to Discuss Fundamental Issues

JAKARTA (TheInsiderStories) - The second debate of the 2019 presidential candidates which discussed the issue of food, energy, infrastructure, environment and natural resources has...

Indonesia Inks US$16M Oil and Gas Blocks Auction

JAKARTA (TheInsiderStories) – Indonesia Energy and Mineral Resources (EMR) ministry just signed an agreement over the third stage of oil and gas blocks auction....

Pelindo Incorporated Set Up Sub-Holdings Equipment

JAKARTA (TheInsiderStories) – State-owned port operators, PT Pelabuhan Indonesia (Pelindo) I, II, III, and IV signed a framework of implementing Equipment Sub-holding Transformation Board...

Indonesia’s FSA to Establishs Investor Protecting Body

JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) planned to establish investor protecting body in order to shield retail investors, said the official on Monday (02/18)....
Moody's Assigns First-Time Baa2 to Indonesian Adira

Moody’s Assigns First-Time Baa2 to Indonesian Adira

JAKARTA (TheInsiderStories) – Moody's Investors Service has assigned first-time Baa2 local and foreign currency issuer ratings to Adira Dinamika Multi Finance Tbk (Adira). The...