Thursday, June 20, 2019
JAKARTA (TheInsiderStories) — Good morning! Ministry of Finance asses the possibility to scraps corporate income tax to be equal with other countries. Its expected the adjustments will become an incentive for businesses to produce export-based products. According to the minister Sri Mulyani Indarawati, Indonesia' corporate income tax now 25 percent,...
 JAKARTA (TheInsiderStories) – The contentious rhetoric about the increasing of state-owned enterprises' (SOE) debt has been broadly discussed among observers and economists. Indeed, the debt of the red-plate companies has continued to swell. The main factor is infrastructure development debt which is from the Joko Widodo government's strategic program. As we...
Express Transindo Adds Capital via Right Issue US$71M
JAKARTA (TheInsiderStories) - Indonesian Ministry of Transportation released a new order about online transportation, stated in Ministry Regulation Number 118 Year 2018 concerning of the Special Rental Services to replace the previous rule. The decree was signed by the Minister of Transportation Budi Karya Sumadi on Dec. 18 and was promulgated the...
Indonesian Election: Opposition Cyber Team Finds 9,440 Calculation System Errors
JAKARTA (TheInsiderStories) - This year' Indonesian Workers Day commemoration is interesting because it coincides with the General Election. Even more special, this May 1 is right at the time of the presidential election results. With the many findings of vote counting errors in the General Election Commission that harm one...
JAKARTA (TheInsiderStories) — Good morning! Roy Morgan, a Melbourne-based market research firm, reported presidential candidate Prabowo Subianto' voter has narrowed slightly compared to Joko Widodo. The difference between the two candidates now around 13 percent. Widodo, who is seeking a second and final term in office, has the support of 56.5...
JAKARTA (TheInsiderStories) – Good morning! Indonesian official extended the imposition of anti-dumping import duties on several iron or steel products from China. The act taken amid government worries over the ongoing dumping practices for two sections of iron and steel products from China. Before, such policy has been stipulated as...
JAKARTA (TheInsiderStories) — Good morning! Rally of election protesters at the Indonesia’ Election Supervisory Body’ office turned chaos until dawn. Mass burned firecrackers, also threw rocks and woods to the security officers. The rally calling for the disqualification of Joko Widodo - Ma'ruf Amin from the presidential election due to...
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) — Good morning! The National Disaster Management Agency recorded the number of deaths from the Sunda Strait tsunami 429 peoples, 1,485 injured, 154 missing and 16,082 displaced. The data is based on the agency calculations on Tuesday (12/25) at 1:00 p.m. local time. The spokesman Sutopo Purwonugroho explained, in...
JAKARTA (TheInsiderStories) — Good morning! In the One Belt One Road Initiative Summit in Beijing, Chinese official said that the program sustainably aims to prevent and solve debt risk complained by borrowing countries. Finance Minister Liu Kun denied the critics mentioning that infrastructure development for increasing trade and investment...
JAKARTA (TheInsiderStories) - Good morning. President Joko Widodo district fund program approved by Indonesian parliament. In the meeting with government on Thursday (26/10), Budget Committee for the parliament agreed to allocated Rp3 trillion (US$206.90 million) funds for the program. Previously, the government proposed to divert part of village funds into district funds. In...
JAKARTA (TheInsiderStories) – The new head of National Disaster Management Agency Lieutenant General Doni Monardo promised to arrange master disaster management program for Indonesia. He also promised to complete several areas affected by the disaster like in Lombok, Palu, Banten, Lampung, Cisolok, and Sukabumi. From the results of studies and research...
JAKARTA (TheInsiderStories) — Indonesia financial market welcomed the week in the slowdown phase. Rupiah lost its energy, by decreasing 0.78 percent to 14,747 against the greenback. The local currency impairment led other emerging markets currency weakening. Followed, Jakarta Composite Index slumped 1.65 percent to 5,777.05, with Rp17.68 billion (US$12.02 million) foreign...
JAKARTA (TheInsiderStories) — Good morning! White House economic adviser Larry Kudlow said that the United States (US) demanded concrete changes on China’ law, as the trade talks suffered a major setback last week. At the meeting China proposed extensive revisions to a draft agreement. US wanted to delete prior commitments...
JAKARTA (TheInsiderStories) - Good morning. Indonesia is in grief. A tsunami triggered by a 7.7 richter scales hit a coastal city of Palu, the capital of Central Sulawesi and Donggala, leaving at least 832 people dead, . The casualties is expected to rise as there’s still few area without communication established...
JAKARTA (TheInsiderStories) - China hold the Belt and Road Forum for International Cooperation Summit on April 25-27. Around 37 world leaders meet at the summit and scheduled to discuss project financing that respects global debt goals and promotes green growth. The Belt and Road Initiative (BRI) is a key policy...
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...
JAKARTA (TheInsiderStories) - Good Morning! Its long holiday in Indonesia for this week. But globally, some economic data and other important issues will comes out to be monitored by the economic players. This week, European Central Bank (ECB) as well as the Reserve Banks of both India and Australia will announce its...
JAKARTA (TheInsiderStories) – Amid the issue of Papuan independence being fought in the international forum, the gun contact was taken place again by the armed criminal group and Indonesia military in Nduga District, Papua, on Monday (01/28). The incident caused one members of the Indonesian military was killed and another injured. Local security...
JAKARTA (TheInsiderStories) - Good Morning! Indonesian government to spent Rp1,634.3 trillion (US$112.71 billion) next year, said President Joko Widodo while gave the budget execution lists at the State Palace on Tuesday (12/11). He asked the state apparatus to focus on using the state expenditure budget for human resource development programs, increasing competitiveness...
Insight: Indonesia’s Incredible Challenge Elections
JAKARTA (TheInsiderStories) - On April 17, Indonesia - the world’ third most populous democracy - is holding simultaneous presidential and legislative elections for the first time. As much 192.828.520 voters, 809,500 polling stations, six million election workers, and the most complicated single-day ballot in global history. General Election Commission reported...
JAKARTA (TheInsiderStories) — Good morning! Last week, Indonesian government issued 16th Economic Policy Package, include expansion of tax holiday, relaxation of negative investment lists, and foreign exchange exports for natural resources rules. The goal is to reduce the current account deficit (CAD) at the safe level. Through the policy package, Government extended...
JAKARTA (TheInsiderStories) — Good morning! Federal Reserves (Fed) Governor Jerome Powell stated in front of United States (US) Senate Banking Committee, that his institution will be patient in changing interest rate this year. But he didn’t explain whether the changes is to increase or to cut the reference rate. He...
JAKARTA (TheInsiderStories) – Good morning! Bank Indonesia (BI) reported that in the fourth quarter (4Q) of 2018, balance of payment (BoP) surplus US$5 billion surplus. The surplus is supported by the investment in that period. Even so, the trade balance is predicted to be deficit at above $8 billion, following...
JAKARTA (TheInsiderStories) — The Fit Company, a holding company that focuses on active and healthy lifestyle products in Indonesia, announced that it had secured an undisclosed amount of seed funding from East Ventures. Jeff Budiman, CEO of The Fit Company comments, “We are really excited to receive the support from...
JAKARTA (TheInsiderStories) — Good morning! Number of foreign tourists coming to Indonesia not reach government target at 17 million people. According to the Statistic Indonesia, there were only 14.39 million foreign tourists visited Indonesia during January to November 2018. The number of foreign tourist arrivals throughout January to October, 2018...
JAKARTA (TheInsiderStories) - Good morning. The mood was rather grim at the International Monetary Fund-World Bank Group Annual Meeting which ended on Sunday (15/10), as policy makers across the world raised concerns over worsening global economic conditions. The ongoing trade war between the United States (US) and China is the chief cause...
JAKARTA (TheInsiderStories) – Exactly one week the legislative general election and the Indonesian president and vice president ended. There are 190 million voters who have chosen their best candidates, both to lead this country and to represent them in Parliament, for the periods 2019-2024. Even so, the results of this...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years
JAKARTA (TheInsiderStories) — Good morning! Easing the trade war tension with the United States (US), China says its scrapped it's ‘Made in China 2025’ plan. As a replacement, China will create a new blueprint that will open the Chinese market up to all companies, including foreign firms. The 'Made in...
JAKARTA (TheInsiderStories) – Good morning! United Kingdom’ (UK) House of Commons rejected Prime Minister Theresa May' program to exit European Union (EU) in a no-deal or not. Parliament voted 312 to 308 to rejected the Brexit plan without a withdrawal agreement. By this, House of Commons members will have another...

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