JAKARTA (TheInsiderStories) - Only days ahead of the August 10's deadline registration for presidential and vice presidential candidates the establishment of the opposition camp is nowhere at sight. So far, political parties that have expressed intention to collaborate and set up the opposition to President Joko Widodo are caught up in...
JAKARTA (TheInsiderStories)--After winning the rights to expiring contract of Rokan block, Indonesia's state-owned oil and gas company PT Pertamina (Persero) is now eyeing Corridor Block in South Sumatra after its contract expires in 2023. The Ministry of Energy and Mineral Resources (MEMR)'s Director General for Oil and Gas Djoko Siswanto...
JAKARTA (TheInsiderStories)--Indonesia's gross domestic product (GDP) expanded 5.27 percent in the second quarter of this year (year on year/yoy) or the highest since 2013, supported by growth in household consumption, investment, and exports. It was higher than economic growth in the first quarter of this year that reached 5.06 percent....
JAKARTA (TheInsiderStories)--The Ministry of Energy and Mineral Resources (MEMR) recorded the Indonesian Crude Price (ICP) in July 2018 increased to US$70.68 per barrel, or up US$0.32 a barrel from the previous month of US$70.36 per barrel, said the ministry last week. The increase is in line with world demand for...
JAKARTA (TheInsiderStories)--PT. Supreme Energy Rantau Dedap (SERD) started exploitation stage in Rantau Dedap Geothermal Power Plant located in Muara Enim, Lahat, and Pagar Alam, South Sumatra characterized by wells drilling of RD-I3 on Saturday (4/8). Geothermal Power Project Dedap Rantau will provide additional non-tax state revenue of US$106.87 million for the...
JAKARTA (TheInsiderStories) - Coordinating Minister for Economic Affairs Darmin Nasution optimist Indonesia's trade balance will improved by the end of 2018 followed the new government policy such as blended biodiesel (B20) use for all diesel-engined vehicles and other policies. Based on Statistic Indonesia's data the country's trade balance surplus US$1.74 billion in June after...
JAKARTA (TheInsiderStories) - Trade Minister Enggartiasto Lukita convey the Indonesian government is targeting the value of trade with the United States (U.S) could reach US$50 billion in the next two years. Currently, the value trade between the two countries worth of $28 billion, of which Indonesia enjoyed a surplus of...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo received a courtesy call from United States's Secretary of State Mike Pompeo at the Presidential Palace on Sunday (05/08) talked about various issues including how to lift the strategic partnership between the two countries. According to the Foreign Minister (FM) Indonesia Retno Marsudi in...
JAKARTA (TheInsiderStories) - Good Morning. All eyes will be on the announcement of Indonesia’s economic growth in the second quarter (2Q) by the Statistics Indonesia today. While, politics will get more interesting this week as any presidential candidate hopefuls must meet the deadline to register to the Election Commission this Friday. Indonesia’s...
JAKARTA (TheInsiderStories)--Indonesia's largest telecommunication and network provider PT Telekomunikasi Indonesia Tbk (IDX: TLKM) plans to issue conventional and sharia medium-term notes (MTN) worth of Rp1.5 trillion (US$103.471 million). The notes will be issued in 1-year tenor, 2 year-tenor, and 3-year tenor with interest rates of 7.25-8 percent, 7.5-8.5 percent, and 7.75 percent-8.75...

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Indonesia Plans to Complete the Unclear Regulations on Agricultural VAT

Indonesia Plans to Complete the Unclear Regulations on Agricultural VAT

JAKARTA (TheInsiderStories) – The government plans to discuss the impact of policies related to the discourse on the elimination of Value Added Tax (VAT)...
Indonesia to Completes Korea's CEPA This Year

Indonesia to Completes Korea’s CEPA This Year

JAKARTA (TheInsiderStories) – Indonesian government continues to boost the process of ratifying trade agreements with other countries. This year, the government intends to finalize...
China's Current Account Surplus in Q4 2018 by Strong Exports

China’s Current Account Surplus in Q4 2018 by Strong Exports

JAKARTA (TheInsiderStories) – China posted a current account surplus of US$ 54.6 billion in the fourth quarter (Q4) of 2018, a 134.3 percent increase...
Moody's Revises Bumi Resources' Ratings Outlook to Negative

Moody’s Revises Bumi Resources’ Ratings Outlook to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B3 corporate family rating (CFR) for PT Bumi Resources Tbk (Bumi). At the same time, Moody's has...
Indonesia' Maybank will Issue Bonds of US$ 71.42 M

Indonesia’ Maybank will Issue Bonds of US$ 71.42 M

JAKARTA (TheInsiderStories) - PT Bank Maybank Indonesia Tbk (IDX:BNII) plans to issue bonds  around Rp1 trillion or US$ 71,42 million in second half of...
Insight: Questioning Trump's Denuclearization Commitment

The US Wants to Set Up a Liaison Office in North Korea

JAKARTA (TheInsiderStories) – United States (US) is considering setting up a diplomatic office in North Korea, a symbolic move that could show how relations...