Thursday, July 18, 2019
JAKARTA (TheInsiderStories) - Good morning. Indonesian government and lawmakers from the budget committee had agreed to raise the outlook on tax revenue in the 2019 State Budget to Rp1,784 trillion from earlier estimates of Rp1,781 trillion on expectations of higher income from the oil and gas sector. The government, represented by the...
JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and parliament agreed to set Indonesian Crude Price (ICP) 2019 pegged at US$70 a barrel following the dynamics of world oil prices, said one senior official on Tuesday (18/09). This figure higher compared to the 2018 State Budget at $48 a...
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) - 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...
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) – 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...
JAKARTA (TheInsiderStories) - Turkey' Central Bank has hiked its key interest rate to a blistering 24 percent, up from 17.75 percent to bring price stability under control and to impose furthere monetary tightening if needed, after seeing inflation hit 17.9 percent last month. Meanwhile, European Central Bank (ECB) and Bank of England...
JAKARTA (TheInsiderStories) - Helicopter Capital (Helicap), a financial technology investments platform in South-east Asia & Oceania announced today that it raised US$5 million during its pre-Series A funding round led by East Ventures and Singapore’s leading integrated property group Soilbuild Group Holdings. According to East Ventures statement received by TheInsiderStories on Thursday (13/09),...
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) - 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) - 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...
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) - 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) - 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) - 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) - 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) - 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)--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...
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)--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...
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) - 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...
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. 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)--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) - 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...
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)- 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) - 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...

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