Friday, July 19, 2019
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...
JAKARTA (TheInsiderStories) — Good morning! British Prime Minister Theresa May will depart for Brussels again to negotiate backstop policies with the European Union (EU) regarding British exit (Brexit) planned. England is scheduled to officially divorce the EU on March 29, 2019. Previously, May had postponed the vote in Parliament over the Brexit...
JAKARTA (TheInsiderStories) – After undergoing a two-year tenure in jail, today (01/24) morning, the former Governor of Jakarta, Basuki Tjahaja Purnama (52 years), was officially released. His release received tremendous response from his supporters throughout Indonesia. After leaving the prison, he was picked up by his eldest son Nicholas Sean and a...
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) – One factor of Indonesian economy inhibition is the slow pace of infrastructure development. But since being elected as president, President Joko Widodo has put the development the sector as a common platform for Indonesia's vision. Ahead of his five years, the government focused on building infrastructure to...
JAKARTA (TheInsiderStories) – The Indonesian government is taking the necessary steps toward developing and producing electric vehicles in the future. The policy laws should be completed by early next year. The government is encouraging the electric car industry's development, with plans to start construction next year. Firstly, for electric...
JAKARTA (TheInsiderStories) — Window dressing, the year-end profit taking, has stepped up stocks market yesterday. The Jakarta Composite Index (JCI) rose by 1.02 percent to 6,190.64 while Rupiah strengthened to 14,563 over the greenback, went up by 0.26 percent after slumped quite bad a day before. Foreign funding was also...
JAKARTA (TheInsiderStories) – Trade war tension between the United States (US) and China creates new opportunities for Indonesia industrial investment, said one official last week. This can be seen from several foreign manufacturing companies that want to move their production base to Indonesia from China, in order to avoid...
JAKARTA (TheInsiderStories) – Various natural and humanitarian disasters hit the Indonesian people throughout 2018. The casualties and damage have consumed hundreds of thousands of human lives and other physical facilities. Unfortunately, Indonesia government's political budget and attitude for management policies still far from good performance. According to the National Disaster Management...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) and Bank of Japan (BoJ) signed Bilateral Swap Agreement to overcome the difficulties of short-term liquidity, marking their third extension since Feb. 17, 2003. The swap value remains up to US$22.76 billion or equivalent. The agreement signed by BI's governor Perry Warjiyo and governor of BoJ Haruhiko...
JAKARTA (TheInsiderStories) — Good morning! Number of foreign tourists coming to Indonesia not reach government target at 17 million people. According to the Statistic Indonesia, there were only 14.39 million foreign tourists visited Indonesia during January to November 2018. The number of foreign tourist arrivals throughout January to October, 2018...
JAKARTA (TheInsiderStories) – Indonesia President and Vice President candidate' Prabowo Subianto and Sandiaga Salahuddin Uno promised to sets and strengthen the personality and dignity of the nation towards Indonesia Wins, if elected in the April Presidential Election. During his national address in the front of 4,000 supporters at the Jakarta...
JAKARTA (TheInsiderStories) — Good Morning! Lion Air Group officially handed over the Cockpit Voice Recorder (CVR) relating to the JT-610 flight to the National Transportation Safety Committee (NTSC) and objects suspected of being body parts to the National Police Disaster Victim Identification (DVI) Team for further processing. The flight carrier also...
JAKARTA (TheInsiderStories) - The problem of liquidity is still considered to be a banking challenge this year. This is because banks must compete not only with other competitors, but also with the government in raising funding. President Director of Bank Central Asia (IDX:BBCA) Jahja Setiaatmadja said the difficulty of banking liquidity...
JAKARTA (TheInsiderStories) -- Good morning! Ahead of this week, Indonesia, Thailand, and Philippines will decide the interest rates amid cautious of the Federal Reserves (Fed) rate increase by the end of the year. According to analysts, Indonesia central bank is predicted to hold its Seven-Day Reverse Repurchase Rate (BI 7-DRR)...
JAKARTA (TheInsiderStories) — Good morning! Indonesian financial market is getting Christmas present. Rupiah against Dollar closed strengthening 0.13 percent to 14,480, while the Jakarta Composite Index grew by 0.25 percent to 6,163.59. The seasonal Santa rally is predicted to merry stocks market. And there’s more possibility that Rupiah and stocks market...
JAKARTA (TheInsiderStories) — In this early 2019, Japanese Yen dramatic surge becomes another concern for the global market. Since early December, Yen recorded as the best performing major currency in the world. The invigorating Yen is considered as a sign for this year’s slowdown global economy. Japanese investors who tended...
JAKARTA (TheInsiderStories) – The Joko Widodo - Jusuf Kalla (JK) government has almost completed it's four year term. It's achievements so far can be evaluated, and if they fall short, the rights and obligations that the government promised, can be demanded, as stated in the Nawacita program vision and...
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...
JAKARTA (TheInsiderStories) – Good morning! Bank Indonesia (BI) reported that in the fourth quarter (4Q) of 2018, balance of payment (BoP) surplus US$5 billion surplus. The surplus is supported by the investment in that period. Even so, the trade balance is predicted to be deficit at above $8 billion, following...
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) -- Good morning! Following businessmen critics over investment negative lists in 16th economic policy package, Coordinating Ministry for Economic Affairs is now reviewing the lists along with Indonesia Chamber of Commerce and Young Entrepreneurs Association which earlier weren't invited to the policy discussion. The review aims to get...
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) - Minister and Head of National Development Planning Agency Bambang Brodjonegoro predicted Indonesia's economic growth during 2020-2024 averages 5.7 percent, said one senior official. In that time frame, he said, the lowest economic growth at 5.4 percent and the highest at 6 percent. "Meanwhile, the assumption of inflation is maintained...
JAKARTA (TheInsiderStories) — Good morning! Bank of Indonesia (BI) will announce its 7-Day Reverse Repurchase Rate (7-DRR rate) today. Some analysts predicted the central bank will hold its rate at 5.75 percent and Rupiah strengthened again. Investors has anticipated the Bank's monetary stance seen from the strengthening of the Rupiah and...
JAKARTA (TheInsiderStories) - The National SAR Agency (BASARNAS) has collected 53 bodies  of Lion Air JT-610 crashed and will be sent to the Police Hospital, based on a a latest report until 18:00 p.m. On Wednesday as many as five bodies have been collected by the agency. It said, the five bags...
US-China Trade Battle Hits Global GDP as Negative for 2-3 Years
JAKARTA (TheInsiderStories) — Good morning! Easing the trade war tension with the United States (US), China says its scrapped it's ‘Made in China 2025’ plan. As a replacement, China will create a new blueprint that will open the Chinese market up to all companies, including foreign firms. The 'Made in...
JAKARTA (TheInsiderStories) — Good morning! Indonesia will face Presidential Election in the next three months. Last night, two presidential candidates showed their capability in law, human rights, terrorism, and corruption. Duet Prabowo Subianto - Sandiaga Salahuddin Uno looked more confident compared to the Joko Widodo - Ma'ruf Amin pair. But overall,...
JAKARTA (TheInsiderStories) – Meteorology Climatology and Geophysics Agency raised the eruption status of Mount Anak Krakatau to Standby level (Level III) with the dangerous zone expanded from 2 kilometers to 5 kilometers. At a press conference at the Ministry of Energy and Mineral Resources (MEMR) office in Jakarta, today (12/27), the...
JAKARTA (TheInsiderStories) -- Good morning! This week starts with an end of 35 days United States (US) government shutdown, the longest record in US history. But the government re-opening is only temporary until Feb. 15th. US President Donald Trump still insisted US$5.7 billion border wall. He threatened to declare state...

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