Saturday, May 25, 2019
BRI Countries Predicted to Surge by MNC’s Investment
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...
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) — 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...
Insight: Seeing Global Economic Recovery after US-China Deals
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...
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! 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...
Trade Agreement, Just Pragmatic Choices of the Government?
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...
JAKARTA (TheInsiderStories) - Good Morning! Indonesian manufacturing Purchasing Managers Index (PMI) at level 51.2 in March. This number jumped from the previous month which was at the level of 50.1. Since the beginning of 2019, in the last three months the Indonesian manufacturing PMI index has continued to rise, starting in January...
JAKARTA (TheInsiderStories) — Good morning! Indonesia will announce inflation and consumer survey data. Previously, Bank Indonesia projected that March’ inflation would be at 0.14 percent and yearly inflation could be at 2.51 percent. With the low inflation number, the central bank said that it doesn’t indicate low purchasing power. Last...
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) — Good morning! United States bond market’ yield curve showed ominous sign of a recession. Yesterday, US 10-year bond yield fell deeply which signaled there is economy recession risk. Senior Deputy Governor of Bank Indonesia (BI) Mirza Adityaswara sees that Indonesia may gain benefit from US recession, caused it...
JAKARTA (TheInsiderStories) – Indonesia has entered a new phase with the launched of the Mass Rapid Transit (MRT) project by President Joko Widodo on Sunday (03/25). A round of economic civilization is dawning from the capital Jakarta. The entry of new MRT is believed will certainly make development in the...
JAKARTA (TheInsiderStories) – Good morning! After saying a sanction will be imposed on two Chinese shipping companies accused of violating North Korea trade prohibition, United States (US) President Donald Trump intended to reverse what he previously stated. Trump tweeted: “It was announced today by the US Treasury that additional large scale...
JAKARTA (TheInsiderStories) - Brexit crisis deepens amid the delay of implementation and no light yet over how the agreement would end. Presenting the spirit of protectionism, British' withdrawal from The European Union (EU) has been worrying the world, including Indonesia. Brexit will not make the United Kingdom (UK) stops its...
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! Massive crowds march in London demanding a second Brexit referendum. A day after marched, Chancellor Philip Hammond said a second referendum likely to be one of the options put to lawmakers in the coming days. Last week, European Union Parliament gave a two-tier extension for United Kingdom Prime Minister...