Friday, August 23, 2019
JAKARTA (TheInsiderStories) - Foreign visitor to Indonesia stable at 1.3 million in April 2019, but air arrivals down 9 percent, Statistic Bureau reported on Monday (05/10). This number increased by 0.11 percent compared to April 2018, the agency adds. Cumulatively (January - April), the number of foreign tourists visiting Indonesia reached...
JAKARTA (TheInsiderStories) - Indonesia' investment outlook is expected to increase after three international rating agencies - Standard & Poors Global Ratings (S&P), Moody's and Fitch - raised the ratings for its strong economic growth prospects and prudent fiscal policy. The countries currency, stocks, dan bonds rallied. The rating was increased...
JAKARTA (TheInsiderStories) - Good Morning! This week Indonesia' Constitutional Court will make a decision on the opposition challenged on the 2019 presidential election resulted by General Election Commission (GEC). On May 24, Prabowo Subianto - Sandiaga Salahuddin Uno' lawyer team has submit their suit to the court. The GEC final recapitulation showed...
JAKARTA (TheInsiderStories) - China and Russia would push forward their cooperation to synergize the Belt and Road Initiative (BRI) and the Eurasian Economic Union, said the both leaders in a meeting between the two leaders in Moskwa on June 5 - 6. China' President Xi Jinping and Russia' President Vladimir Putin also sent...
JAKARTA (TheInsiderStories) - Good Morning! United States (US) Presidend Donald Trump has talked ip the possibility of a post-Brexit deal with England during his state visit to the kingdom. He also proposed the country choose Brexit no-deal rather than stick as an European Union member. The chancellor, Philip Hammond, claims that United...
JAKARTA (TheInsiderStories) - Indonesia is still optimistic that it will be able to attract more investment in the last half year of 2019, after the rising political tensions of  simultaneous legislative and presidential elections on April 17, 2019. Another issue is Indonesia’ economy also faced with ongoing trade war between the country'...
JAKARTA (TheInsiderStories) - Good Morning! Its long holiday in Indonesia for this week. But globally, some economic data and other important issues will comes out to be monitored by the economic players. This week, European Central Bank (ECB) as well as the Reserve Banks of both India and Australia will announce its...
JAKARTA (TheInsiderStories) - Good Morning! Indonesian Purchasing Managers' Index (PMI) rose from 50.4 in April to 51.6 in May, marking the highest in nine months, said Nikkei Manufacturing survey. The country' manufacturing sector activity improved in May due to an increase of output and new orders. It said, stronger demand conditions led...
JAKARTA (TheInsiderStories) – Good morning! Today, acting Secretary of Defense for the United States (US) Patrick Michael Shanahan visit Indonesia and to meet with several ministers. Weeklong trip that is intended to reinforce that China is the administration’ main foreign policy priority. In his five months as acting secretary, Shanahan...
JAKARTA (TheInsiderStories) – A friendly and refined Javanese local culture is inherent in the figure of Joko Widodo, at least for nine years as the mayor of Solo and the Governor of Jakarta, in the period 2005-2014. Although it seemed firmly running his administration, for an example by firing corrupt...
JAKARTA (TheInsiderStories) – Good morning! Indonesian government paid a visit to Japan to enhance bilateral cooperation in the economic sector, including increasing investment in the chemical industry to steel. During a four-day visit, Industry Minister Airlangga Hartarto met directly with a number of directors from Japanese companies such as Sojitz...
JAKARTA (TheInsiderStories) — Good morning! The National Economic and Industry Committee urged President Joko Widodo put new faces on the economic team for the next five years to pursue a 7 percent economic growth target. In the first period of Widodo' leadership, the country' economic growth only moved in the...
EU Leaders Agrees to Delay Brexit Until Oct. 31
JAKARTA (TheInsiderStories) — Good morning! Amid the Brexit extension, United Kingdom (UK) is stated must leave European Union (EU) at the end of October, even without a deal. As the date is now fixed, the country will not be asking for more extensions. Parliament member from Conservative Party Esther McVey,...
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! Prabowo Subianto - Sandiaga Salahuddin Uno' camp file presidential election suit to the Constitutional Court today. While, Indonesian police detained 257 alleged provocateurs for several chaos in Jakarta rallies. They were being detained from three different places, as police considered that the number would still...
JAKARTA (TheInsiderStories) — Good morning! Rally of election protesters at the Indonesia’ Election Supervisory Body’ office turned chaos until dawn. Mass burned firecrackers, also threw rocks and woods to the security officers. The rally calling for the disqualification of Joko Widodo - Ma'ruf Amin from the presidential election due to...
JAKARTA (TheInsiderStories) — Good morning! General Election Commission confirmed that Joko Widodo - Ma'ruf Amin pair wins the 2019 presidential elections against Prabowo Subianto - Sandiaga Salahuddin Uno. The incumbent win by 55.5 percent while the contender left behind 44.5 percent. Meanwhile, National police accused Subianto supporters as a traitor. They are...
JAKARTA (TheInsiderStories) — Good morning! Political tension heats up in Indonesia ahead the announcement of the winners of 2019 presidential election. Starting today, an Islamist group planned rally to fight tyranny and called the movement called People' Sovereignty Movement. To anticipate the potential chaos during the rally, a Terrorist Unit from the...
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! Yemen Houthi’ drone targeting to attack two Saudi Arabian’ tankers and main pipe channels is considered not only hitting security, but also world oil supply and global economy. Iran-backed Houthi’ action is also increasing the heated-already tension in Middle east. Saudi is known as the...
JAKARTA (TheInsiderStories) – The Indonesian General Election Commission is conducting a real count on the results of the Presidential Election and Parliament starting April 25 to May 22. The accumulation of the real count showed the superiority of incumbent Joko Widodo - Ma'ruf Amin, with a votes of 56.23 percent...
JAKARTA (TheInsiderStories) - Good morning! Statistic Indonesia will announce trade balance today. In first quarter, the country'  trade balance deficit US$190 million. Oil and gas continuously contributed the deficit by $1.34 billion while non-oil and gas has $1.15 billion surplus. Ahead of trade balance announcement, Coordinating Minister for Economic Affairs Darmin...
Indonesia Holds Re-Election in Many Regions
JAKARTA (TheInsiderStories) — Good morning! Vice President (VP) of Indonesia Jusuf Kalla proposed two solutions to solve problems during Indonesia’ 2019 elections, in which more than 450 polling station workers died. He opined that the complexity of counting votes for legislative elections caused many polling workers to die. The two solutions are the separation...
JAKARTA (TheInsiderStories) – Indonesian economy only grew 0.01 percent in the first quarter (1Q) of 2019, which was 5.07 percent on an annual basis, from growth of 5.06 percent in 1Q 2018. Similarly, compared to 4Q 2018 the Indonesian economy actually shrank by 0.52 percent from 5.18 percent. This growth...
JAKARTA (TheInsiderStories) — Good morning! White House economic adviser Larry Kudlow said that the United States (US) demanded concrete changes on China’ law, as the trade talks suffered a major setback last week. At the meeting China proposed extensive revisions to a draft agreement. US wanted to delete prior commitments...
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...
Insight: Seeing Global Economic Recovery after US-China Deals
JAKARTA (TheInsiderStories) — Good morning! Starting today United States will charge US$200 billion Chinese goods 25 percent from earlier only 10 percent. President Donald Trump also threatened to impose tariffs on all Chinese trade with America At the same day, Chinese delegation will negotiate a potential trade deal with US....
JAKARTA (TheInsiderStories) - The contestation of the first simultaneous elite circulation for Indonesia become a chaotic experienced for the country. In a day, million of citizens choosed presidential and member of parliament candidates from the national, provincial, district/city level, and Regional Representative Council. The administrative calculation process is multiplied...
JAKARTA (TheInsiderStories) — Indonesian President Joko Widodo is likely to shuffle his economic team after Ramadan, said a cabinet member yesterday (05/07). Lately a lot of his ministers performance not so good and involved in corruption cases Last month, Widodo said he was considering reshuffling his cabinet before he is...
JAKARTA (TheInsiderStories) — Good Morning! Indonesian central bank released a new regulation PBI No.21/5/PBI/2019 concerning the transactions facilities in money transaction in foreign exchange (forex) markets. By this policy, BI want to ensure transaction providers have a good governance, an effective risk management, fairness, and equal opportunities for prospective...

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