Thursday, June 27, 2019
JAKARTA (TheInsiderStories) – President Joko Widodo on Thursday (15/3) held a gathering with the country’s top banking officials at the State Palace. The President called on the bankers to be more aggressive in providing loans as a move to help accelerate the country’s economic growth, which has been growing...
JAKARTA (TheInsiderStories) - Indonesia`s trade balance recorded a deficit of US$120 million in February, lower than January's deficit at level $676.9 million, the Indonesia Statistics said on Thursday (15/3). Indonesia's exports rose 11.76 per cent at $14.10 billion, while its imports reached $14.21 billion or jumped 25.18 per cent in this mont....
JAKARTA (TheInsiderStories) - PT Jawa Satu Power, a consortium company of PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation, has awarded a contract to the General Electric (GE)-led consortium, to carry out the Engineering, Procurement and Construction (EPC) works and maintenance service for Indonesia's largest gas power plant project...
JAKARTA (TheInsiderStories) - Asia-Pacific private equity deal market had its best performance in 2017, driven by increasing investor confidence in their ability to generate a consistently high return in the region. According to Bain & Company’s annual Asia Pacific Private Equity Report, deal value soared to US$159 billion last year, up...
JAKARTA (TheInsiderStories) - The National Investment Coordinating Board (BKPM) has widened the implementation the Ease of Direct Investment Construction to 47 industrial zones, following the inclusion of 15 new industrial zones and industrial parks. The move is aimed at speeding up the realization of direct investments in the country. The...
JAKARTA (TheInsiderStories) - The Indonesian government and IFC, a member of the World Bank Group, are working together to promote the renewable energy investment in the upcoming IMF-World Bank annual meeting, which is set to take place in Bali this October. Over 100 regulators, market practitioners, policymakers, investors, and executives, are...
JAKARTA (TheInsiderStories) – The Minister of Mineral and Energy Resources has signed contract amendments with six mining firms holding so-called ‘Contract of Work’, in order to align with the Mining Law and applicable regulations. The six companies are comprising of one company which holds the fourth-generation of Contract of Work,...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources  Ministry (EMR Ministry) on Tuesday (13/03) launched the ten-year Electricity Supply Business Plan for the period of 2018-2027, which shows a more moderate projection than in previous business plan. The business plan is commonly used as a guideline for policymakers and industry...
JAKARTA (TheInsiderStories) - Indonesia expects further inflows from foreign investors into its debt market after news that local currency bonds will be added to a global bond index in June 2018, strengthening the nation's confidence amid regional currency volatility. Indonesian rupiah-denominated bonds eligible for the widely used in Bloomberg's Global Aggregate...
JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a backed senior unsecured rating of Ba3 to the proposed senior unsecured notes to be issued by Global Prime Capital Pte. Ltd. The proposed notes, the value of which is yet to be disclosed, are guaranteed by PT Bumi Serpong Damai TBK (BSDE.Jk, Ba3 positive) and some...
JAKARTA (TheInsiderStories) - PT Amman Mineral Nusa Tenggara (AMNT), previously known as Newmont Nusa Tenggara, unveils its plan to launch initial public offering (IPO) this year, the company's key shareholder Arifin Panigoro said Tuesday (13/3). "I want to do it quickly, but certainly this year," Panigoro said, as quoted by...
JAKARTA (TheInsiderStories) - International rating agency Standard & Poor’s Global Ratings (S&P) stated that Indonesia's sovereign outlook remains positive despite the negative trend of global volatility market. "The reason for better assessment of the sovereign rating despite negative trend is because we see a lot of improvement in investment, which gives...
JAKARTA (TheInsiderStories) - Boosting investment has been an economic priority for President Joko Widodo, particularly since sluggish consumption has capped annual economic growth at around 5 per cent for several years. Finance Minister Sri Mulyani Indrawati has said several regulations are being revised to provide more tax incentives to business...
JAKARTA (TheInsiderStories) – The Coordinating Minister for the Economic Affairs Darmin Nasution on Monday (12/3) held a limited cabinet meeting to discuss issues related to the efforts to boost direct investment in the country. The particular topic of discussion was fiscal incentives to be provided to particular industries. Providing fiscal...
JAKARTA (TheInsiderStories) - President Joko Widodo is confident that the Java Integrated Industrial Ports and Estate (JIIPE) will attract investments valued up to Rp83.2 trillion (US$6.07 billion). This integrated port area is expected to accommodate 183 industries from various sectors. President Widodo made the statement when officially inaugurated the industrial zone, which...
Express Transindo Adds Capital via Right Issue US$71M
JAKARTA (TheInsiderStories) - The Indonesian government has decided to halt the registration of new online taxis as a move to create a healthier business environment and balance between supply and demand, a senior government official said. Coordinating Minister for the Maritime Affairs Luhut Binsar Panjaitan said the decision for the...
JAKARTA (TheInsiderStories) - The Japan Bank for International Corporation (JBIC) pledges its commitment to support Indonesia's infrastructure projects particularly in transportation and urban development, shifting its previous priority in energy finance. In his visit to the Indonesia Maritime Affair Coordinating Ministry Office today Monday (12/3), Executive Managing Director JBIC Tadashi Maeda,...
JAKARTA (TheInsiderStories) - United States (U.S.) investors, Stern Resources  (SR Group) and Arcadia Chemical & Preservative, are interested to invest in Indonesia fishery industry. Arcadia Chemical & Preservative, which engages in organic fish preservative, considers investing US$2 billion in Situbondo and Banyuwangi, East Java. "We will work with the Indonesian fish collectors...
JAKARTA (TheInsiderStories) - The Asian Infrastructure Investment Bank (AIIB) plans to extend loans of around US$4 billion in the next two years and Indonesia will get a significant amount of that, AIIB Director Chris Legg said after holding a meeting with the Indonesian President Joko Widodo on Monday (12/03). "I...
JAKARTA (TheInsiderStories) - Indonesian coal-mining contractor provider PT Bukit Makmur Mandiri Utama Tbk (BUMA) entered an approximately Rp7 trillion ($500 million) contract with PT Tanah Bumbu Resources (TBR), a subsidiary of coal-mining group Geo Energy Resources Limited. Moody’s Investors Service set Ba3 stable rating for BUMA and B2 stable for...
JAKARTA (TheInsiderStories) - The volatility in the financial markets is likely back, yet the central banks need not be alarmed by any sudden ructions and jolts as crisis-fighting measures are gradually rolled back, the Bank of International Settlements' (BIS) said Sunday. The world’s stock markets, and Wall Street, in particular, started...
JAKARTA (TheInsiderStories) – The Indonesian government on Friday (9/3) issues Government Regulation on the Increase of the Government Equity in PT Pertamina, which provides legal foundation for the establishment of oil and gas holding entity. Based on the article 2 of the Government Regulation (Number 6, 2018), the government’s shares in...
JAKARTA (TheInsiderStories) - The Indonesian Government has decided to cap ceiling price of coal for domestic market obligation (DMO) at US$70 per ton, for 6,322 calorie coal, or price is set based on the benchmark Indonesia Coal Price (HBA) if the coal price moves to below US$70 per ton...
JAKARTA (TheInsiderStories) - A number of global authorities decisions have resulted in mixed movements in the global markets today, Friday (9/3). Today, the Bank of Japan left its easing policy unchanged and offered no new clues on when and how it might join other major central banks in winding down its measures...
JAKARTA (TheInsiderStories) – The Indonesian government’s decision to set the ceiling price of coal that is sold to the power sector under the so-called domestic market obligation (DMO) appears to have put downward pressure on coal producers' shares. Over the past two weeks, shares of coal prices such as PT...
JAKARTA (TheInsiderStories) - Minister for Communication and Information Technology Rudiantara projected that the country’s new unicorn, a US$1 billion valued startup company, will emerge from the education sector, no later than 2019. The statement was made in November 2017, after he visited the office of Ruangguru, an educational technology...
JAKARTA (TheInsiderStories) - The returns on the equity market this year could outpace returns from fixed income instruments on the back of recovering global commodity prices and better consumer spending, according to Commonwealth Bank. Considering the increase in the performance of the Jakarta Composite Index (JCI) in 2017 which was...
JAKARTA (TheInsiderStories) - Indonesia government will observe the newly signed border agreement between Australia and East Timor on Tuesday (6/3) and ensure that the agreement will not affect Indonesia's maritime rights under 1982 United Nations Convention on the Law of the Sea. The agreement between the Democratic Republic of Timor...
JAKARTA (TheInsiderStories) - Indonesian government's plan to raise energy subsidy in the State Budget will likely help maintain Indonesia's sovereign rating outlook from international rating agencies. Recently, President Joko Widodo's administration has revealed its plan to raise fuel subsidy as a consequence of keeping the subsidized fuel and electricity tariffs unchanged. The Finance...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo on Thursday (1/3) has officially issued a decree to rule 'Beneficial Ownership' to meet on Automatic Exchange of Information (AEoI) assessment this year. Beneficial owners are widely defined as a person who ultimately control a corporate entity, even though they are not necessarily recorded...

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