Thursday, June 27, 2019
Indonesia Export Duty of Mining and Comodities to Rise in March 2019
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources Ministry will issue Ministerial Decree as well as Ministry Stipulation in the immediate future that give mandate to the ministry to determine the floor and ceiling price of coal. The rulings came as the coal price continues its upward trend. The energy...
JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded its rating for Lippo Malls Indonesia Retail Trust (LMIRT) to a non-investment grade corporate family rating of Ba1 from an investment-grade issuer rating of Baa3. Consequently, LMIRT's Baa3 issuer rating has been withdrawn and the company has been assigned a Ba1 corporate family rating. The rating...
JAKARTA (TheInsiderStories) - Indonesia's foreign exchange reserves fell in February 2018 from the previous month, Bank Indonesia (BI) data shows. The nation's foreign exchange reserves stood at US$128.06 billion, down from $131.98 billion at the end of the preceding month. BI said the drop in foreign exchange assets in February was...
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) - Japanese-based Rating and Investment Information, Inc. (R & I) has raised the Sovereign Credit Rating (SCR) of the Republic of Indonesia from 'BBB-' with Positive Outlook to 'BBB' with Outlook Stable on Wednesday (7/3). In an official statement, R & I stated that the key factor supporting...
JAKARTA (TheInsiderStories) - Indonesian dairy industry is set for exponential growth this year due to significant shifts in how Indonesian consumers view health and lifestyle. Indonesia’s dairy industry and dairy products industry is undergoing a boom with market demand rising by over 10 per cent on an annual basis for...
JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million) to strengthen its business operations in the Middle Eastern market. "Kimia Farma`s capital investment in Dawa reaches 38 million riyals, or equals to Rp133 billion, which is used...
JAKARTA (TheInsiderStories) – The negotiations over the 51 per cent divestment of PT Freeport Indonesia shares continued to drag on. Given this situation, President Joko Widodo has ordered his cabinet ministers to finalize the divestment by April 2018. “The direction of the President is to settle the divestment of 51...
JAKARTA (TheInsiderStories) – The Indonesian government has reiterated its intention to simplify working permits for foreign workers as a move to fulfill the country needs for expert, improve business climate as well as supporting the spirit of openness of the country’s economy. During the limited cabinet meeting on Tuesday (07/03),...
JAKARTA (TheInsiderStories) - Indonesia’s vast and young population sounds like a great market opportunity for business players and investors. But there is one catch. The majority of Indonesians don’t have the financial freedom to purchase goods and services beyond bare necessities. Out of a population of 252 million people, 28.6 million...
JAKARTA (TheInsiderStories) – The Energy and Mineral Resources (EMR) Ministry has revoked as many as 90 regulations as well as 96 certifications, recommendations and permits which are considered overlapping, irrelevant or contra-productive with the government’s efforts to boost investment in the energy sector. “In total, as many as 186 (regulations...
JAKARTA (TheInsiderStories) - Indonesian government is eager to grab potential redirection of tourists from Singapore following the new regulation of Changi Airport Operator's regulation to raise passenger service charge by the 1st of July this year. According to the Transport Ministry and Civil Aviation Authority of Singapore, traveler flying out of Changi Airport...
JAKARTA (TheInsiderStories) - PT Garuda Maintenance Facility AeroAsia Tbk (IDX:GMFI), the country's largest aircraft maintenance, repair and overhaul provider, has secured approval from shareholders on Tuesday (06/03) to offer new shares for sale through a private placement. Under the plan, GMFI will issue 2.82 billion units of new shares or...
JAKARTA (TheInsiderStories) - The government of Indonesia listed Global Sukuk with a total value of US$3 billion on the Singapore Stock Exchange (SSX) and Nasdaq Dubai on Monday (05/03). The Sukuk is divided into two series - Series A worth $1.25 billion with tenure of 5 years and Series B worth...
TIS - Intelligence - Regulating a Ride-Hailing Business Constructively and Effectively
by Henry BL Toruan, PHD Ride-hailing’ (also known as ‘ride-sharing’) platforms connect drivers and vehicles with consumers who need transport, at an agreed price. Typically, a customer uses an app on her smartphone to request a ride at a particular time and from a specific place. The app on the...
JAKARTA (TheInsiderStories) - Indonesian ride-hailing service, Go-Jek, is considering an Initial Public Offering (IPO) with a dual-listing scheme in Indonesia and at an overseas stock market, according to President Andre Soelistyo. "Eventually, we will launch an IPO," Soelistyo said after meeting with Indonesia Stock Exchange (IDX) President Director Tito Sulistyo on Monday (05/03). Unfortunately, he...
JAKARTA (TheInsiderStories) – Two state-owned companies, flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) and pawnshop firm PT Pegadaian have unveiled their plan late last week to issue bonds to fund their business expansion as well as refinancing. Garuda said it will issue global bonds worth US$750 million or around Rp10.2 trillion....
JAKARTA (TheInsiderStories) - Indonesia's manufacturing industry is showing aggressive performance in February 2018, with its efforts to increase expansion and employment. Based on the Purchasing Managers' Index (PMI) released by Nikkei and Markit, Indonesia's manufacturing PMI rose from 49.9 in January to 51.4 in February 2018, after below neutral point...
JAKARTA (TheInsiderStories) - Diversified group PT Barito Pacific Tbk (IDX:BRPT) announced a plan on Monday to raise US$1 billion from rights issue. The company said it will issue 5.6 billion new shares with a nominal price of Rp500 per share. The existing shareholders who are declined to exercise their rights...
JAKARTA (TheInsiderStories) - Ministers from 16 East Asian countries negotiating the Regional Comprehensive Economic Partnership (RCEP) have made progress at a meeting in Singapore on Saturday (05/03). The meeting pushed the regional free trade deal closer to a conclusion, which the Association of Southeast Asian Nations (ASEAN) and some other members hope...
JAKARTA (TheInsiderStories) - Total smartphone shipments in the emerging Southeast Asia (SEA) region recorded approximately 100 million units in 2017, declining by less than 1% Year-over-Year (YoY), International Data Corporation (IDC) reported. IDC categorizes Indonesia, Malaysia, Myanmar, Philippines, Thailand, and Vietnam as the emerging markets in SEA. Myanmar and Philippines were...
JAKARTA (TheInsiderStories) – Sharing economy business model is gaining momentum in Indonesia. After making in-roads in the transportation sector, in particular, the ride-sharing applications, the sharing economy scheme is now making headways in the agriculture sector. Indonesia is an agrarian nation given that majority of its population are working in...
JAKARTA (TheInsiderStories) – Three companies – PT Artajasa Pembayaran Elektronis Tbk, PT Gihon Telekomunikasi Tbk and PT Jaya Trishindo Tbk – are seeking to raise up to Rp836.25 billion from the initial public offering (IPO) this month. The three companies have unveiled their plan to potential investors early this...
JAKARTA (TheInsiderStories) - Indonesia domestic steel producers and industry players are calling on the government to monitor closely the steel trade as they are concerned that the U.S President Donald Trump’s decision to impose steep tariff on Chinese steel and aluminum could trigger a spike of Chinese steel imports...
JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) has forecast that the global oil prices will continue to remain stable in 2018. Global oil prices could recover to around US$70 per barrel following the cuts. Currently, the global oil prices of West Texas Intermediate were recorded at $63.31...
JAKARTA (TheInsiderStories) - The Financial Services Authority reported banking credits in January 2018 grew by 7.40 per cent year-on-year (yoy), slower than same period last year of 8.24 per cent, driven by sluggish demand in mining and agricultural sector. In terms of fundraising, banking third-party funds grew by 8.36 percent (yoy). However,...
JAKARTA (TheInsiderStories) -Smartag International, Inc. (OTC Markets: SMRN) announce that on Feb. 27, entered into a joint venture agreement with PT Supratama Makmur Sejahtera (PTSMS), an Indonesian financial technology (FinTech) company. Smartag will own 51 per cent equity and PTSMS will own 49 per cent. This follows an earlier signed on Oct....
JAKARTA (TheInsiderStories) - Indonesia's four-wheel car manufacturers face a menace in exports following a new regulation from Vietnam, which is poised to build its own automotive industry. Vietnam issued in November Decree No. 116/2017/ND-CP on car manufacturing, assembly, importation and warranty offering. Car importers in Vietnam are now required to obtain...
JAKARTA (TheInsiderStories) - The stability of food prices in recent years has aided the government's drive to reduce poverty rate, according to the Statistics Indonesia. A recent report shows that the poverty and income inequality rates in Indonesia in September 2017 fell from 2016, largely owing to efforts to control...
JAKARTA (TheInsiderStories) - Indonesian Express Delivery Companies Association estimate that logistic business growth in 2018 will reach 15 per cent level, similar to last year's growth. The association's Chairman Mohamad Feriadi said there are a number of factors that the business growth this year could not grow stronger than last year. Feriadi, who...

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