JAKARTA (TheInsiderStories) — United States (US) and China are expected no longer far from reaching a trade deal. US Treasury Secretary Steven Mnuchin hoped that the both countries can finalize a deal with two more rounds of talks in China and Washington DC.
He also said the part of the...
JAKARTA (TheInsiderStories) – During Indonesian President Joko Widodo' term, the development of the downstream for mining sectors still stagnant. Even though this sector can provide added value to the economy. At present, the mining sector contributes 7.2 percent of gross domestic product.
Nickel processed production throughout 2018, for example, is far...
JAKARTA (TheInsiderStories) — Good morning! As the Belt and Road Forum (BRF) closed, Chinese President Xi Jinping hailed deals worth more than U$64 billion. But he did not offer details of any new funding for the initiative.
At least 17 central government-owned firms, like China Railway Construction Corp and Mengniu Dairy,...
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! 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! Today, Indonesian central bank (BI) will announce its monetary stance amid the global economic challenges. Last March, BI maintained its benchmark rate at 6 percent.
This year, Investment Coordination Board is optimistic in achieving investment target at Rp792.3 trillion (US$56.59 billion), seeing the recent foreign...
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...
JAKARTA (TheInsiderStories) — Good morning! Indonesia' Finance Minister Sri Mulyani Indrawati regarded that Indonesia’ economy is estimated to grow by 5.3 to 5.6 percent in the 2020’ State revenue and expenditure budget. Indrawati said that President Joko Widodo expected the economy would grow at the upper range. In 2018,...
JAKARTA (TheInsiderStories) — Good morning! Indonesia has no choice to suffered Rp102 trillion (US$7.24 billion) deficit in the first quarter (1Q) of 2019. The deficit’ portion to the Gross Domestic Product (GDP) was 0.63 percent.
The state revenue recorded Rp350.1 trillion, while the spending was Rp452.1 trillion. Indonesia’ macroeconomy basic assumption...
JAKARTA (TheInsiderStories) — Good morning! China will hold the Belt and Road Initiative (BRI) Summit on April 25-27. 37 world leaders in the summit is scheduled to discuss project financing that respects global debt goals and promotes green growth.
The BRI is a key policy of President Xi Jinping and envisions...
JAKARTA (TheInsiderStories) — Good morning! Based on exit polls, Joko Widodo - Ma'ruf Amin lead Indonesia' presidential race. While, the contender Prabowo Subianto - Sandiaga Salahuddin Uno believed they win based on internal count.
None of both candidates claimed they win the presidential election. They agreed to wait for the...
JAKARTA (TheInsiderStories) – The 2019 presidential election is run today. All debates have been held with the two candidates colliding ideas and strategies to build Indonesia. Both incumbents and opposition agree on the development challenges facing the country, and what policy solutions should be.
But whoever is elected must face...
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) – Total international trade in 2017 reached US$34 trillion, consisting of $17.43 trillion in exports and $17 trillion in imports. This high volume of trade is certainly influenced by the openness of access to trade between countries, both in bilateral and multilateral relations, which has been increasingly...
JAKARTA (TheInsiderStories) — Good morning! On Monday (04/15), Chinese Premier Li Keqiang met Japanese Foreign Minister Taro Kono at the high-level economic dialogue between the two countries. China and Japan are two of the world' major economies.
At the meeting, Li welcome Japanese companies to expand their investment in China....
JAKARTA (TheInsiderStories) — Good morning! This week Indonesia will determine the new president to lead this country. The two candidates Jokowi Widodo - Ma'ruf Amin and Prabowo Subianto - Sandiaga Salahuddin Uno has ended their campaign on Saturday (04/13).
Lot of surveys said swing voters will determine the winner of...
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) — Good morning! Federal Open Market Committee policy has been rising the recession risk to 10 percent from 20 percent in United States (US), said Goldman Sachs studies. The improving condition also gave a recession delay from the fourth quarter of 2018 to the following year.
Goldman Sachs...
JAKARTA (TheInsiderStories) — Good morning! The inflation rate in United States (US) rose 0.41 percent in March, following the prior month at 0.2 percent, the Labor Department reported on Wednesday (04/10). This is the biggest increase since January 2018.
The consumer prices rose driven by an increase in volatile oil prices that...
JAKARTA (TheInsiderStories)- A week before the presidential election day, the stock market players seemed to be calm and more confident in facing the presidential election results. This can be seen from the Jakarta Composite Index (JCI) which opened higher in trading on Tuesday (04/09).
The JCI was up 8.67 points...
JAKARTA (TheInsiderStories) — Good morning! The International Monetary Fund (IMF) reported about damage that could be impacted by no-deal Brexit. If the United Kingdom (UK) leaves European Union (EU) without no deal, its economic growth could fall by 1.4 percent in the first year of implementation.
Then the hit could...
JAKARTA (TheInsiderStories) - British Parliament will approve law to stop no-deal Brexit on April 11 after passed the Cooper-Letwin bill on Monday evening (04/08) to ensure that the country does not crash out of the European Union with no deal on Friday.
Furthermore, Prime Minister Theresa May will meet German Chancellor Angela...
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) – The impact of the "cold war" between the United States (US) and its allies against the Uni Soviet and its bloc in the period 1947-1991 still haunts the collective memory of the global society. These "war" instead of being directly involved in conflict, the two sides...
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! 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) - Indonesia is currently actively negotiating an investment treaty. The agreement that is being negotiated is not just a traditional Bilateral Investment Treaty (BIT), but has been at the level of a Free Trade Agreement (FTA) or Comprehensive Economic Partnership Agreement (CEPA).
On March 11-15, the government is...
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! British' Prime Minister Theresa May would ask for further Brexit delay to European Union (EU) beyond April 12. So she can have more time to negotiate with opposition.
She said, the Government need a further extension of Article 50, one that is as short as...
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...