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Jakarta
Thursday, May 24, 2018
JAKARTA (TheInsiderStories) - Indonesia has enacted regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80 per cent. Insurance companies that are currently subject to foreign ownership in excess of...
JAKARTA (TheInsiderStories) - For the umpteenth time PT Freeport Indonesia's (PTFI) share divestment agreement drag on for unexplained reasons. Earlier President Joko Widodo optimistic PTFI divestment could be completed in April since have been taking place in early 2017. Instead of meeting the Widodo's targets the Ministry of Energy and Mineral Resources (EMR) has issued an...
JAKARTA (TheInsiderStories) - In the light of fourth industrial revolution era Ministry of Industry of Indonesia has laid out five sectors in which implementation of Industry 4.0 technology will be enhanced. These sectors are chosen with careful consideration regarding their impact on economy, ease and visibility. Automotive in one of...
JAKARTA (TheInsiderStories)—Indonesia has always factored its cheap labor as the main driver in its efforts of generating investments into its textile industry. So much it has been hyped that it has seemingly made the country too complacent and forgot other important factors. Based on data collected by TheInsiderStories, Indonesia has...
JAKARTA (TheInsiderStories) - After hold its benchmark since 2014, Bank Indonesia (BI) decided raised its benchmark rate 25 basis points (bps) to 4.50 percent after the rupiah sinks to the record low at Rp14,200 per U.S dollar. We believed this policy be taken to maintain Indonesia's economic stability and is in line with market...
JAKARTA (TheInsiderStories)—The investments in the upstream oil and gas sector during the period of January-April 2018 had been significantly increasing, along with the steady rise of oil prices at the global market that had reached more than US$70 per barrel recently. Based on data from the Upstream Oil and Gas...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo continues to encourage sea toll programs to increase export and logistics  business in Indonesia. Over the last three years, Widodo has expressed its efforts to tackle the issue of stubborn inefficiency in logistics in the country. Widodo has vowed to turn Indonesia into a global maritime axis partly...
JAKARTA (TheInsiderStories)—The terrorist attacks may cause a short-term shock to the stock market, but it has limited impact on the long-term investments. The investors are more concerned with macroeconomic data and fundamental investment climate. Indonesia, the world’s largest Muslim country, was hit by series of terrorist attacks recently. Last week,...
JAKARTA (TheInsiderStories) - Last Tuesday, Indonesia’s (Baa2 stable) government bond spiked by nearly 30 basis points to 7.3 percent, but retreated to 7.2 percent at the end of the week, while the currency, the rupiah, extended its decline for the third consecutive month in May, depreciating 4.1 percent since the start...
JAKARTA (TheInsiderStories)—The publicly listed retailers saw a slow growth due to low purchasing power in the first quarter of 2018. Based on data from the Central Bureau of Statistics, the growth of public consumption, the backbone of Indonesia’s economy, was recorded only at 4.95 per cent in the first quarter...

Latest article

Indonesia Go-Jek Prepares US$500M to Enter SEA Market

JAKARTA (TheInsiderStories) - Indonesia's on-demand services and ride-hailing company Go-Jek announced that it will invest about US$500 million to enter into four new markets...

U.S Overtakes Hong Kong at First Place Ammong World’s Most Competitive Economies

Lausanne, Switzerland –   The top five most competitive economies in the world remain the same as in the previous year, but their order changes,...

Indian Premier Modi to Visit Indonesia Next Week

JAKARTA (TheInsiderStories) - Indian Prime Minister Narendra Modi is all set to travel to Indonesia on May 29 in his first ever visit to...

PTBA Secures US$1.26B Loans from China Exim Bank

JAKARTA (TheInsiderStories)--PT Huadian Bukit Asam Power (HBAP), a joint venture power company between PT Bukit Asam Tbk (PTBA) and PT China Huadian Hongkong Company...

Bank Indonesia to Set Standards on QR Code Payment

JAKARTA (TheInsiderStories)--Bank Indonesia plans to launch the Quick Response (QR) code payment standardization by the end of this month, delayed from the initial plan...

Is Indonesia’s Education Budget Keeping Up with Industry 4.0?

JAKARTA (TheInsiderStories)— While the Indonesian government had set a 20 per cent mandatory allocation of the state budget to education, it remains to be...