JAKARTA (TheInsiderStories) - After Indonesian Lion Air JT 610 crashed, Boeing (NYSE: BA), an American multinational corporation, issued an Operations Manual Bulletin (OMB) for operators of 737 MAX jet, said the company in written statement yesterday (06/11). The Indonesian National Transportation Safety Committee (NTSC) has indicated that Lion Air flight 610...
JAKARTA (TheInsiderStories) — Indonesia’s fugitive Islamic Defender Front (FPI) group leader, Muhammad Rizieq Shihab was detained by Saudi Arabian authority, for showing allegedly terrorism symbol. He was then released after more than 24 hours detainment. Shihab was detained due to a citizen’s report, mentioning that he displayed black flag allegedly...
JAKARTA (TheInsiderStories) — Indonesian Energy and Mineral Resources (EMR) Ministry opened third stage auction for oil and gas working operations, said the ministry yesterday (06/11). Four blocks offered are South Andaman, Anambas, South Sakakemang, and Maratua. In this auction, investors can access data about the blocks for free. Investors must pay...
JAKARTA (TheInsiderStories) - Indonesia will produce the electric motorbikes with brand Gesits (Garansindo Electric Scooter ITS) starting 2019. Gesits is the result of a collaboration between local automotive company Garansindo Group and the Ten November Institute of Technology in Surabaya. The electric motorbikes has been prepared since two years ago. In addition...
JAKARTA (TheInsiderStories) -In the midst of chaotic disbursement of insurance claims, PT AJB Bumiputera 1912 picked four the new management Sutikno Sjarif, Yusuf Budi Baik, Sri Rahayu and Dena Chaerudin, said the company in the written statement received by TheInsiderStories.  Financial Services Authority (FSA) executive head of Non-Bank Financial Industry Supervisory Riswinandi...
JAKARTA (TheInsiderStories) - Indonesian Government will accelerating the Jakarta Mass Rapid Transit (MRT) phase 2 construction from Hotel Indonesia roundabout in Central Jakarta to Ancol in North Jakarta, Balaraja in Tangerang, and Cikarang in Bekasi, West Java, said one senior official. Transportation Minister Budi Karya Sumadi said on Tuesday (06/11), the developing...
JAKARTA (TheInsiderStories) - The outlook for sovereign creditworthiness in 2019 is stable, balancing the global economy's continued, but slowing growth momentum against rising uncertainty over longer-term economic and financial stability, Moody's Investors Service said in a report on Tuesday (06/11). Although a number of risks could affect credit conditions over the next 12...
JAKARTA (TheInsiderStories) — Global miner Freeport-McMoran Gold & Copper Inc., (NYSE: FCX) recorded ripping financial growth in the third quarter (3Q) of 2018, amid its unsettled divestment over PT Freeport Indonesia (PTFI). Its revenues increased by 31.5 percent to US$14.94 billion compared to a year ago. One of the biggest...
JAKARTA (TheInsiderStories)- Bank Indonesia's Consumer Confidence Index (CCI) dropped to 119.2 in October compared to to the previous month at 122.4 due the people is more pessimistic on the economic growth. This is reflected in the current Economic Condition Index which dropped to 106.2. The lowering in CCI occurred in all groups of...
JAKARTA (TheInsiderStories) - Two major global digital payment platform players from China, Wechat Pay and Alipay  entered Indonesian market through state-owned lender PT Bank Negara Indonesia Tbk (IDX: BBNI) Tbk, one official told TheInsiderStories. The bank's Vice President Director Herry Sidharta, said BBNI expect to finalize the collaboration before the end...

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Indonesian Election: Subianto – Uno Declares Victory

JAKARTA (TheInsiderStories) - Prabowo Subianto and Sandiaga Salahuddin Uno declare a victory as a president and vice president of Indonesia. The pair give the declaration at...
Insight: Indonesia’s Incredible Challenge Elections

The Opposition Complains Quick Count Surveys to Election Commission

JAKARTA (TheInsiderStories) – The results of a quick count of survey institutions on the 2019 Presidential Election were long tails. Today, Prabowo Subianto -...
Indonesia's Oto Multiartha to Issue US$71M Bond

Indonesia’s Oto Multiartha to Issue US$71M Bond

JAKARTA (TheInsiderStories) — Amid the uncertainty of Indonesia’s election and global economic turmoil, capital market is still a preferred choice to get source of...

Singapore’s Al Falah Investment will Acquires 50.3% Bank Muamalat Shares

JAKARTA (TheInsiderStories) – Indonesian businessman Ilham Habibie through his company Al Falah Investments Pte. Ltd. will become the controlling shareholder of PT Bank Muamalat...

China’s Economy Rises Supported by Industrial, Revenue Escalations

JAKARTA (TheInsiderStories) – China's economy showed positive signs in the first quarter (1Q) of 2019, supported by industrial growth, accelerated revenue and lower unemployment....
Widodo-Amin Emphasizes Equitable Economic Development

Moody’s: The Victory of Quick-Poll’s Widodo-Amin Gives Hope to Sustainable Development

JAKARTA (TheInsiderStories) – Moody's Investors Service stated that the quick poll results so far indicate a second term for incumbent President Joko Widodo. This...