Thursday, July 18, 2019
JAKARTA (TheInsiderStories) — Good morning! Energy and Mineral Resources Ministry announced Indonesian Crude Price (ICP) has increased to US$63.60 per barrel in March, 3.73 percent higher than the February figure. The government planned global supply cut. The ministry said, the increase was due to market concerns on OPEC and non-OPEC countries planned...
JAKARTA (TheInsiderStories) – After raided National Committee Free-Papua Movement (FPM) headquarters by Indonesian military and police, the advocacy team issued a subpoena to the Mimika Regional Police. The letter signed by the organization lawyers Veronika Korman, Gustaf R Kawer and Yohanes Mambrasar. In the letter, they urged the authorities to immediately leave...
Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019
TEMPO.CO, Jakarta - Bank Indonesia (BI) Governor Perry Warjiyo estimated there would be a US$5 billion surplus in the country' balance of payments (BoP) in the fourth quarter (4Q) of 2018 after the deficits in quarters two and three. He stated, the improvement was fueled by capital inflows during the...
JAKARTA (TheInsiderStories) - Today, the biggest ever election in the country begin. Indonesia will define its new leader and the legislative members, after campaign race since Sept. 23. The peoples will decided between the two candidates Joko Widodo - Ma'ruf Amin and Prabowo Subianto and Sandiaga Salahuddin Uno to lead the...
JAKARTA (TheInsiderStories) – The potential for landslides in Indonesia threatens more than 40.9 million people, National Disaster Management Agency reported today (01/02). While, disasters and tsunamis have hit tens of thousands victims in the past four years. The agency' spokesman Sutopo Purwo Nugroho, said that the potential in Indonesia spread...
JAKARTA (TheInsiderStories) - Indonesian Ministry of Finance hope the tax revenues could grow around 12 percent in 2020. This projection takes into account a number of factors that will affected the target, said the ministry. While, President Joko Widodo aimed to revise labour law to attract more investment to the country. Recently, several policy...
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...
Insight: Is Last Stage Determines the Winner?
JAKARTA (TheInsiderStories) - Entering the final phase of voting, the two candidates Joko Widodo-Maruf Amin and Prabowo Subianto-Sandiaga Salahuddin Uno will fight on the final debate stage, Saturday, April 13, four days to vote. Economic issues and social welfare, finance and investment, trade and industry will be the theme...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) expect the current account deficit (CAD) in the fourth quarter (4Q) of 2018 in the range at US$8 billion, or around three percent of gross domestic products (GDP). In the 3Q of last year the CAD worth of $8.8 billion. The reasoned, said the central bank’...
JAKARTA (TheInsiderStories) - Indonesian General Election Commission officially appointed Joko Widodo and Ma’ruf Amin as an elected President and Vice President, based on the results of the plenary meeting on last Sunday (06/30), three days after the verdict of the opposition’ lawsuit by Constitutional Court. Along with this, public attention...
JAKARTA (TheInsiderStories) — Good morning! United Kingdom' (UK) parliament will have Brexit vote on Friday. But the ongoing situation is there is a deadlock in the parliament. Votes in parliament intended to find another way for Brexit deal. They had decided eight different options, with none got majority support. Even...
JAKARTA (TheInsiderStories) – The five-year period of Joko Widodo - Jusuf Kalla' leadership was almost over. Since the beginning, the leaders has made agrarian reform and social forestry one of the priority agendas. He promised to distribute nine million hectares of land and community managed forests through social forestry...
A Number of Operators Hits the Financial Performance of the Indonesian Telco Industry
JAKARTA (TheInsiderStories) – The financial performance of Indonesian telecommunications (telco) operator continues to degenerated lately amid the tight competition among the players. The contribution of the telco sector for economic growth also continued to decline. As an example throughout 2018, net income of state-owned telecommunication operator, PT Telekomunikasi Indonesia Tbk...
JAKARTA (TheInsiderStories) — Good morning! As a part of financing 2019 State budget, Indonesia eyes up to Rp30 trillion (US$2.12 billion) from government bond auction. According to Finance Ministry’ Directorate General of Financing and Risk Management, the debt securities auction will be held on Tuesday (04/09). There are seven series...
JAKARTA (TheInsiderStories) - Good Morning! The Constitutional Court will hold a hearing today, to determine whether it will choose to move forward with a lawsuit that challenges the results of the of the 2019 Presidential Election by Prabowo Subianto and Sandiaga Salahuddin Uno. Spokesperson of the Subianto - Uno' National Winning Team, Dahnil...
JAKARTA (TheInsiderStories) — Good morning! Indonesia kept climbing on the foreign debt lane. An official statement mentioned that the nation holds US$372.9 billion foreign debt in November 2018, hiked by 7 percent compared to the same period in the prior year. The spike was contributed from both government and Bank...
JAKARTA (TheInsiderStories) - Two weeks before the Presidential Election on April 17, many of people expect the greater opportunities for "incumbent" candidate Joko Widodo-Ma'ruf Amin to win the biggest competition. The majority of survey institutions showed "the incumbent's" superiority over their contender Prabowo Subianto-Sandiaga Salahuddin Uno. Although superior, the...
JAKARTA (TheInsiderStories) – Recently, humanitarian disasters have struck Indonesia, the earthquake in Lombok to the massacres of dozens workers and soldiers in Papua. They have cooled the heat of the political contest ahead of the 2019 presidential election somewhat. The tragedies have diverted the attention of all Indonesian people. This...
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 escalating trade tensions between Japan and South Korea have added downside risks for the APAC trade outlook, even as the US-China trade war and downturn in global electronics sector new orders have hit East Asian exports already. The tensions between the two countries are intensifying after Prime Minister Sinzo...
JAKARTA (TheInsiderStories) — Good morning! General Election Commission (GEC) set the winners of Indonesia' 2019 presidential election on May 28, said the chairman. Aried Budiman hoped all the recapitulation completed on Wednesday (05/22) and give to all participant to challenge the result in three days after. If Joko Widodo -...
JAKARTA (TheInsiderStories) - Good Morning! Leaders of Southeast Nation Association plus India, China, and Japan (ASEAN+3) gather this weekend in Bangkok Thailand starting June 22 - 23. The leaders will discuss various issues around the region including trade agreement, economic cooperation and others. The ASEAN+3 considered that despite a more challenging global...
JAKARTA (TheInsiderStories) — Good morning! Indonesian police confirmed that there are seven people dead in a rally riot, calling for disqualifying President Joko Widodo' victory in the presidential election for alleged election fraud. Moreover, hundreds of people are injured, including nine police officers. According to National Police' spokesman Inspectorate General Muhammad...
JAKARTA (TheInsiderStories) - Good Morning! Today, Indonesian President Joko Widodo welcome Argentina' President Mauricio Macri in Bogor Palace. At the same time, the official of both countries will establishe Working Group on Trade and Investment. Argentina is an important partner for Indonesia, one of them as the entrance of Indonesian products...
JAKARTA (TheInsiderStories) – Indonesian President Joko Widodo start looking his new ministers and consider for a young figure to enter his cabinet. Widodo claimed he would not distinguish professional backgrounds or political parties in drafting the new cabinet for 2019 - 2024. Several names associated in the Widodo - Ma'ruf Amin' cabinet structure began...
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) — Good Morning! Lion Air JT-610 PK-LQP that crashed and killed 189 people on-board last October, had several failures since three days prior to the incident, said Indonesia’s National Transportation Safety Committee. In the preliminary findings over the crash, the agency reported Boeing 737 Max-8 airplane maintenance data...
JAKARTA (TheInsiderStories) - Good morning! The 27 leaders of European Union (EU) finally endorsed United Kingdom’s (UK) withdrawal yesterday. But this does not mean that England steps is easy to officially attain Brexit. The country still needs House of Commons approval, which some of the parliament members firmly rejected. UK is scheduled...
JAKARTA (TheInsiderStories) – Good Morning! The focus of the week will be the continued on the assessment of trade developments following the G20 summit and the implications for central bank policies. While, Bank Indonesia (BI) to release the Consumer Survey, Retail Sales, and Prompt Manufacturing Index for the second quarter of...
JAKARTA (TheInsiderStories) - Good morning. Hawkish statement by the Federal Reserve chair Jerome Powell send shock-waves through the global financial market, including emerging markets like Indonesia where both equity and currency slumped. Powell said that the Fed Fund Rate is still at accommodative level but it’s gradually moving towards a neutral rate....

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