Thursday, July 18, 2019
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) - 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) – Good morning! Indonesia financial market is now under pressure. After strengthening in the last few weeks, Rupiah touched 14,000 against US Dollar again. The Jakarta Composite Index was not so good either by falling by 0.4 percent to 6,495 with Rp132.9 billion foreign net sells. Some sentiments...
Insight: Questioning Trump's Denuclearization Commitment
JAKARTA (TheInsiderStories) – President of the United States (US) Donald Trump announced the second meeting with North Korean Leader Kim Jong-Un at the end of February in Vietnam. He said, the cessation of nuclear tests and the absence of North Korea' missile launches in the past 15 months were a sign...
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) - Two global car maker, Germany Volkswagen (VW) and South Korea' Hyundai Motor Corp., plans to build a car factory in Indonesia, a government official said on Thursday (12/20). Director general at Industry ministry Harjanto said, VW wants to build an assembly line to produce Tiguan in Indonesia with...
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) – 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) — Good morning! As an effort to boost export, Indonesia will release a new instrument for short-term and medium to long-term, said senior minister yesterday (01/24). Some regulations will also be simplified, with the main aspect is export procedure. Coordinating Minister for Economic Affairs Darmin Nasution said in...
JAKARTA (TheInsiderStories) – Good morning! Indonesian Consumers Confidence Index in January recorded at 125.5 points, or decreased from 127 points in December 2018, central bank reported yesterday. Despite its decline, the figure is still considered in optimist level which is above 100 points. Bank Indonesia noted, the lower of consumers optimism...
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) – Aburizal Bakrie is one of charismatic and richest man in Indonesia. In Bakrie Group, he leads the company into various industry like mining, construction, telecommunication, information, steel industry, and mass media. In 1992, Bakrie Group established a private television company PT Cakrawala Andalas Televisi (ANTV). Then, in...
JAKARTA (TheInsiderStories) – Indonesia’ economy may face some difficulties this year. Inflation, State Budget, and even investment are some of the issues that government must put attention on. Institute for Development of Economics and Finance (INDEF) predicted that inflation will not move on track this year. It predicts that inflation...
Indonesia's Forex Reserves Lowers to US$120.1B in January
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted  foreign exchange (forex) reserves at the end of January 2019 amounted to US$120.1 billion, a decreased 0.49 percent from $120.7 billion at the end of December 2018. The position of foreign exchange reserves is equivalent to financing of 6.7 months of imports or 6.5 months of imports...
JAKARTA (TheInsiderStories) – The disappointing realization of investment in 2018 doesn’t make Indonesian government pessimistic for 2019’ targets. This year, Indonesia expects to accelerate the slowdown that hit during 2018. Investment Coordinating Board targeted Rp792 trillion (US$56.57 billion) investment realization in 2019, or hiked by 9.8 percent compared to a year...
JAKARTA (TheInsiderStories) – Since the issue of Abubakar Ba’asyir release surfaced two weeks ago, the Government not yet found the "bright-spot" to face of the terrorism convict. Although has issued a statement to release the terrorist kingpin for humanitarian reasons, the Government still have a stand to conduct formal...
JAKARTA (TheInsiderStories) — Bank Indonesia (BI) reported retail sales index (RSI) indicates good growth. In November 2018, RSI rose by 3.4 percent year-on-year from a previous month 2.9 percent. The increase is supported by clothing commodity subgroup sales performance, vehicle fuel, culture goods and recreation, said the governor Perry Warjiyo in...
JAKARTA (TheInsiderStories) – The coal mining sector has become a political commodity and funding source for political campaigns in Indonesia for the past 20 years, both at the national and regional levels. The close relationship between government policies and regulations, royalties, taxes, and government infrastructure, has heavily exposed the sector...
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! British' Prime Minister Theresa May just finished her negotiation with European Union (EU) officials over the Brexit agreement. As the talks went strained, she and European Commission President Jean-Claude Juncker will have another meeting in this month. It is only 50 days away from United...
JAKARTA (TheInsiderStories) - Indonesia recorded US$8.57 billion trade deficit in 2018, the worst in more than 4 decades. Statistic Central Agency Chief Suhariyanto said, Indonesia’s historical worst trade balance was in 1975 with $391 deficit. During 2018, Indonesia’s export was $180.06 billion, grew single-digit at 6,65 percent. But the import...
JAKARTA (TheInsiderStories) – A day after the first round of the 2019 Presidential Election debate on Thursday (01/17), the public was shocked by the discourse about release of the convicted terrorist kingpin Abu Bakar Ba'asyir. In fact, at that night's debate the two partners clashed with the strategy to eradicate...
JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060), to develop digital insurance marketplace in the Southeast Asia (SEA). Both companies will also partnering with global insurance to design variety of products specifically created for...
JAKARTA (TheInsiderStories) – Free Papuans Movement (FPM) has been handed a petition to the United Nations (UN) High Commissioner for Human Rights Chief, Michelle Bachelet, which demanding an independence referendum from Indonesia. The petition claims to represent 1.8 million West Papuans has delivered in a meeting officially facilitated by the Vanuatu...
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) – President Joko Widodo officially fulfilled the request for the liberation of national terrorism kingpin Abubakar Ba’asyir (81 years). He said, the redemption of the Indonesian Mujahidin Council Chairman was purely for humanitarian and health reasons. "Yes, the first is indeed a humanitarian reason. It means that he...
JAKARTA (TheInsiderStories) — Good morning! Mount Agung in Bali erupted again at 7:55 p.m. local time, but the ash column height was not observed,said Geology, Climatology and Geophysics Agency on Thursday (01/10). At present the status of the mountain is in Level III (Standby) status. On the same day, the institution...
JAKARTA (TheInsiderStories) – The global economy is undergoing structural changes. After the annual meeting of the World Economic Forum in Davos, Switzerland, several countries rushed to establish the trade cooperation. Last week, for an example, there was a cooperation agreement between four countries, namely the European Union (EU), Japan, United...
JAKARTA (TheInsiderStories) – In August 2018 the world was surprised by the results of a one investigation reporting regarding Moslem settlements in Xinjiang, China. The United Nations (UN) report, one million Uighur’s citizens have been persecuted by the Chinese government, undergoing what they refer to as “re-education” camps. This was...
JAKARTA (TheInsiderStories) — Good morning! United States (US) President Donald Trump considered to re-open his government after a historic long shutdown in his country. Now, Trump working with US' Congress to find a solution to reopen the government and secure the border. The negotiation team tasked by Trump has been...

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