JAKARTA (TheInsiderStories) -- Indonesia government aimed to establish tourism Special Economic Zone (SEZ) in Tanjung Gunung and Sungailiat in Bangka regency, Bangka Belitung Islands Province. Other than that, Singasari in Malang regency, East Java, was also mentioned as another tourism SEZ option. In the discussion hosted by Coordinating Ministry for Economc...
JAKARTA (TheInsiderStories) - Indonesian insurance firm, PT Panininvest Tbk (IDX: PNIN) bought 157.76 million shares of PT Panin Financial Tbk (IDX: PNLF) for Rp44 billion (US$29.33 million), said the company in public announcement today (05/11). The company bought Panin Financial shares at Rp 268 to Rp284. Based on disclosure information released by...
JAKARTA (TheInsiderStories) - Indonesian National Transportation Safety Committee (NTSC) said Lion Air JT 610's engine has damaged on the last four flights before crashed in Karawang waters, in West Java. The plane breaks when it touches water when engine still on, which is indicated by a compressor that we find...
JAKARTA (TheInsiderStories) — To maintain monetary and financial stability, Bank of Indonesia (BI) and Monetary Authority of Singapore (MAS) established financial agreement valued US$10 billion, for foreign exchange liquidity access. The agreement signed by Bi's governor Perry Warjiyo and MAS's acting-director Ravi Menon, on Monday (05/11). The one year-agreement consists...
JAKARTA (TheInsiderStories) - Fitch Ratings Indonesia has downgraded foreign currency and local longterm ratings of PT Lippo Karawaci Tbk (IDX: LPKR) and a US dollar bond rating issued by Theta Capital Pte Ltd, guaranteed by Lippo and several of its subsidiaries, from B to CCC+. At the same time, the agency has lowered...
JAKARTA (TheInsiderStories) - Indonesia's economic growth lowered to 5.17 percent in third quarter (3Q) of 2018 compared to previous month at 5.27 percent, said Statistic Indonesia on Monday (05/11). But higher compared to same period of last year at 5.15 percent. Head of Statistic Indonesia Suhariyanto revealed that the realization of economic...
JAKARTA (TheInsiderStories) - PT Kereta Api Indonesia (KAI), a state-owned railways operator, interested in becoming a Jakarta-Bandung express train operator. Previously, the chief executive director Edi Sukmoro revealed that the company wanted to become the operator of the national strategic project. The Director General of Railways, Ministry of Transportation Zulfikri in...
JAKARTA (TheInsiderStories) - Organizations working for the defense of human rights and migrant workers have condemned the execution of the death sentence against Tuti Tursilawati, an Indonesian migrant worker from Indonesia. They demanded the Indonesian government to reject all Saudi Arabian diplomatic envoys for the country. "We demand the Indonesian government to...
JAKARTA (TheInsiderStories) - Part of Lion Air JT-610 body founded today (02/11) but there is no passengers inside. Navy Commander I Rear Admiral Yudo Margono said that the Boeing 737 Max 8 aircraft was at a distance of 400 meters from the starting point of the search. "There is no (victim), only debris,"...
JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) has launched the Mineral Online Monitoring System (MOMS) and e-PNBP Minerba application to improve export and tax revenues data. Under this new regulation, all employers must enter the data in the application. Deputy Minister of EMR Archandra Tahar told reporters...

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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...
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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...