Friday, August 23, 2019
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JAKARTA (TheInsiderStories) - Good morning. China may no longer content only with retaliatory measures in the escalating trade war with the the United States (US) and could soon go on an offensive as the President Donald Trump is set to announce more tariffs on Chinese goods worth $200 billion. The offensive...
JAKARTA (TheInsiderStories) – Indonesia' Supreme Court has ruled in favor of petitioners of a lawsuit against  the General Election Commission (GEC) Rules Number 20 Year 2018 that bans former graft convicts to be nominated again as members of parliament. By the ruling, former graft convicts have chances to fight for...
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) - 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...
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) - 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) - Former Indonesian President Susilo Bambang Yudhoyono also known SBY, said that he felt defamed by a report of Hong Kong based media Asia Sentinel on PT Bank Century Tbk (IDX: BCIC) case. The Chairman of Demokrat Party urged he will determined to pursue the libel up to...
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) – 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....
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...
May World Economic Forecast Flash from Global Insight  by  Chief Economist Nariman Behravesh and Senior Research Director Sara Johnson World Flash The global economy is on firmer footing as trade rebounds The incoming data on growth around the globe continue to surprise on the upside. Among the most encouraging trends is the upturn...
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) - 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) - As a new and the youngest province in Indonesia, North Kalimantan needs big investment, especially infrastructure to accelerate the development. However, the North Kalimantan try to make a difference with the surrounding provinces in Kalimantan which is very depend on commodities such as coal. The North Kalimantan...
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)--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...
In 2016, ASEAN saw 534 deals worth US$57.9bn; Q1 2017 kept momentum with 118 deals worth US$14.7bn JAKARTA (TheInsiderStories) – In Q1 2017, the ASEAN recorded 118 deals worth US$14.7bn, sustaining the momentum of the past year. This was a year-on-year increase of 8% in value and 7% in volume...
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,...
Indonesia's Forex Reserves US$124B in March
JAKARTA (TheInsiderStories) - Good morning. Expects more pressure on the financial market and especially the Rupiah as external environment continues to work against Indonesia’s favor. The Rupiah ended down at 14,840 per US$1 on Tuesday (04/08), closer to the 15,000 per US$1, seen by many as the pain threshold for some financial...
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)--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)- 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) - 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...
JAKARTA (TheInsiderStories) - Singapore based Sinar Mas Cepsa today inaugurated its first oleochemicals plant in Indonesia, representing an investment of US$$357 million (equivalent to EUR 300 million) over two years. The plant will produce fatty alcohols from sustainably-sourced palm kernel oil, a key ingredient in the manufacture of everyday products such...
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) - 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) – 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...
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...
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) - Japan's Prime Minister Shinzo Abe  and European Union (EU) and European Commission (EC) signed the strategic partnerships agreement (SPA) and Economic Partnership Agreement (EPA) on Tuesday (17/07), the premier office said in a press statement on July 18. The signing agreement held on the 25th Japan-EU summit meeting between...

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