Friday, August 23, 2019
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by Hugo Erken and Bjorn Giesbergen from Rabobank Without China’s economic lifeline, the North Korean economy would go off a cliff Although China has been scaling down on imports from North Korea, which suggest China respects the sanctions imposed by the UN Security Council, China so far has continued...
Jakarta (TheInsiderStories) - The Indonesian Government is going to launch new norm on online transportation, which aims to manage the mushrooming of online services like local ride-sharing Go-Jek, Malaysia's Grab and U.S's Uber. The new regulation is expected to be enforced starting Nov. 1. The norm will contain provisions governing vehicle...
JAKARTA (TheInsiderStories) - Among the next generation of family business leaders, three in four have big plans to take their business forward. However, generational challenges persist, largely in the areas of digital and innovation. PwC conducted in-depth conversations with 35 next gens from 21 countries and polled more than 100 additional next...
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Sirius Minerals Signs Asia Sales Agreement London-based fertilizer producer Sirius Minerals has announced an exclusive resale deal with PT Chemical Indonesia, a subsidiary of Singapore-based Wilmar Group, for its key POLY4 nutrient products....
JAKARTA (TheInsiderStories)- Indonesia's Pizza Hut fast food operator, PT Sarimelati Kencana Tbk eyeing Rp815.9 billion (US$59.13 million) funds from its initial public offering (IPO), said the company on Monday (23/04). The company will release a maximum of 604.37 million new shares or 20 percent of the issued and fully paid capital in...
JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount higher 2.46 percent compared to this year targets with amount of Rp410.4 trillion. Sri Mulyani Indrawati told reporters at the press conference on 2019 State Budget,...
JAKARTA (TheInsiderStories) – Investors engaging in both portfolio and direct investments are now assessing their strategies on how to surf safely in the political tides and still make handsome gains, as Indonesia enters another election season, starting from regional campaigns to elect governors and regency heads across the nation next...
Indonesia is Optimistic to Become a Manufacturing Hub in ASEAN
JAKARTA (TheInsiderStories) – Early last week, hundreds of investors and business players gathered at the main hall of the Indonesian Stock Exchange Building. The main topic addressed was how to sail through economic and political tides in 2018. The speakers included National Police Chief Tito Karnavian, who provided insight about political...
JAKARTA (TheInsiderStories) - A growing number of small businesses say they are looking to interact with their insurers online, with 36 per cent saying they will buy online in the near term, and 48 per cent within five years, according to PwC latest survey. The findings are from a survey...
Moody's to Revise Gajah Tunggal's Outlook to Negative
JAKARTA (TheInsiderStories)--Indonesian tyre producer, PT Gajah Tunggal Tbk (IDX: GJTL) partnering with Inoue Rubber Co., Ltd. (IRC), a subsidiary of Japan’s Inoac Corporation set up tyre plant in Tangerang, said the company on August 1. Both companies has set up joint venture company namely PT Gajah Tunggal IRC Manufacturing Indonesia,...
JAKARTA (TheInsiderStories)--Moody's Investors Service has affirmed the deposit ratings of nine Indonesian banks. The affected banks are: (1) Bank Rakyat Indonesia (P.T.) (BRI); (2) Bank Mandiri (P.T.); (3) Bank Central Asia Tbk (P.T.); (4) Bank Negara Indonesia TBK (P.T.) (BNI); (5) Bank Tabungan Negara (P.T.) (BTN); (6) PT Bank CIMB...
JAKARTA (TheInsiderStories)--Presidential hopeful Prabowo Subianto’s Gerindra Party has prepared party cadre and Jakarta Deputy Governor Sandiaga Uno as an alternative vice presidential candidate amid unresolved negotiations. Uno’s candidacy was recently proposed by an interest group outside of Gerindra as well as the opposition camp, the party's executive member Fadli Zon...
JAKARTA (TheInsiderStories) - Last week, Indonesia’s President Joko Widodo announced in the 2019 budget that the government will seek to narrow the fiscal deficit to 1.8 percent of gross domestic products (GDP) next year from 2.1 percent estimated for 2018. These targets indicate the government’s continued commitment to fiscal discipline,...
JAKARTA (TheInsiderStories) - Indonesia's Vice Presidential hopeful Sandiaga Uno hoped that there will be no uproar until the Rupiah exchange recover. He  does not want that Indonesian situation getting worse like the economic condition of other countries. "We asked the politician to shut up first. We do not want that Indonesian situation...
JAKARTA (TheInsiderStories) - Good Morning. The 18th Asian Games in Jakarta opened with a lavish ceremony and great fanfare on Saturday (18/08), providing ordinary Indonesians with a much needed diversion amid the endless cycle of economic and political news. There’s a reason to celebrate too. Taekwondo athlete Defia Rosmaniar become the first...
JAKARTA (TheInsiderStories) - Good Morning. The Government of Indonesia announced will revise a number of bilateral trade agreements with partner countries to address trade wars between the United States (U.S) and China, said Finance Minister Sri Mulyani Indrawati onTuesday (10/07). She said, the evaluation also to gain maximum profit from trade agreements...
JAKARTA (TheInsiderStories) - Following the United States's (U.S) threatened on Indonesian export, Trade Minister Enggartiasto Lukita said to visit United States (U.S) on July 21-28, to maintain a trade balance between the two countries. In the limited cabinet meeting on July 10, President Joko Widodo has urged his ministers to revise a...
JAKARTA (TheInsiderStories) – Good morning! Near deadline, United States (US) government discussion to solve border wall funding has broken down. As quoted from Bloomberg, Republicans and Democrats have stopped communicating for now. Previously, both parties have agreed to negotiate the wall and expected to meet a decision before mid-February. If there...
SINGAPORE (TheInsiderStories) - JLL Spark, a division of U.S-based property research company JLL (NYSE: JLL), announces the creation of JLL Spark Global Venture Fund to accelerate its leadership position in digital real estate services, the company said on May 6. The new entity plans to invest up to US$100 million in companies...
JAKARTA (TheInsiderStories) – Executive Director of Median  Rico Marbun has likened President Joko Widodo and Prabowo Subianto as two military generals who applied different war strategies in their political campaigns to win the presidential election in 2019. “President Widodo and his running mate Ma’ruf Amin use scorched earth strategy to destroy...
JAKARTA (TheInsiderStories) - Good morning. President Joko Widodo’s pick as running mate in re-election bid in 2019, Ma’ruf Amin, could be a handicap with a recent survey shows the incumbent’s electability drops slightly, mostly come from non-Muslim and first-time voters. Pollster Lembaga Surve Indonesia Denny JA said Widodo’s electability dropped to 52.2...
JAKARTA (TheInsiderStories) - Two units of Indonesian construction operator PT Wijaya Karya Tbk (WIKA), namely PT Wijaya Karya Realty (Wika Realty) also PT Wika Industri and Konstruksi (Wika Ikon) will list is shares on the Indonesia Stock Exchange in 2019, said the chief executive on Monday (27/08). The CEO Tumiyana...
Indonesian Election: Subianto Announces Potential Persons in His Cabinet
JAKARTA (TheInsiderStories) - Good Morning. Expect politics to dominate the news streams in the next few days as lobbying for the Vice President seat is intensifying as deadline to register for 2019 Presidential Election nears. The opposition may encounter more difficulties than the ruling coalition. On Tuesday (07/08), Prabowo Subianto, the presumed...
JAKARTA (TheInsiderStories) – The 1970-1990 period was the wealth of Indonesia' oil and gas sector, where this sector contributed up to 63 percent to the State revenues. But since the 1990s the country' crude oil production has experienced a continuing downward trend due to a lack of exploration and...
JAKARTA (TheInsiderStories) - Is not an easy for the economic leaders to determine the volatility in the financial market amid the global economic turbulences. The sell-off in emerging market currencies and the escalating global trade tensions have sparked demand of the greenback. On Tuesday (04/09), Indonesian Rupiah almost touched Rp15,000 level at 6:12 pm...
JAKARTA (TheInsiderStories) - World real gross domestic product (GDP) growth is projected to hold steady at 3.3 percent this year before easing to 3.2 percent in 2019 and 3.0 percent in 2020, said Chief Economist Nariman Behravesh and Sara Johnson, the executive director, Global Economics of IHS Markit in their latest...
JAKARTA (TheInsiderStories)--The opposition camp is expected to officially declare endorsement for Prabowo Subianto’s presidential ticket and his running mate today. After weeks of back-and-forth negotiations between presumptive members of the opposition, the list of candidates to become Subianto’s vice president has narrowed down to Agus Harimurti Yudhoyono (AHY) and Jakarta...
JAKARTA (TheInsiderStories) - Good morning. The Demokrat Party made an unpopular and surprising decision by allowing his cadres not adhering to the party’s line in supporting the opposition camp in the 2019 Presidential Election after a slew of party officials jumped ship and decided to back the re-election bid of President...
Indonesia-Swiss MLA Agreement
JAKARTA (TheInsiderStories) – The Indonesian government continues to ensure that citizens or legal entities comply with tax regulations and not commit to tax evasion or other economic crimes. One of them was the tax amnesty program in 2016. But the project was unsuccessful. Indonesian assets that turned into the country were far...
JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly to distribution problems. The use of B20 is aimed to reduce import of oil fuel, which is seen as the main factor causing the current...

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