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Morning Briefing: An Uphill Battle of Indonesia’s Foreign Debt

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...

Morning Briefing: Good Growth of Indonesia’s Retail Sales

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...

Indonesia Targets Investment in the Energy Sector to Reach US$33B

JAKARTA (TheInsiderStories) – Indonesia' Ministry of Energy and Mineral Resources (MEMR) targets investment in the energy sectors  at least US$33.4 billion in 2019. The minister...

Indonesia’s SOEs Ministry Dismissed Said Didu’s Position Over His Critism

JAKARTA (TheInsiderStories) - Indonesia' Ministry of State-Owned Enterprises (SOEs) dismissed the former Secretary of the Muhammad Said Didu, as the commissioner of coal miner PT Bukit...

Insight: Tends to Export Oriented, Indonesia’s Trade Deficit Falls

JAKARTA (TheInsiderStories) – The Joko Widodo - Jusuf Kalla (JK) government has almost completed it's four year term. It's achievements so far can be...

Indonesia’s United Tractors Officially Acquires Martabe Gold Mine

JAKARTA (TheInsiderStories) - Indonesian miner, PT United Tractors Tbk (IDX: UNTR), through its subsidiary PT Danusa Tambang Nusantara, officially became a shareholder of Agincourt...

Indonesia’s Inalum Sell Global Bonds US$4B to Pay Short Term Loans

JAKARTA (TheInsiderStories) - State-owned mining holding PT Indonesia Asahan Aluminium (Inalum) has sold multi-tranche Senior Unsecured Notes US$4 billion on Thursday (08/11), said sources closed...

Indonesia Under Widodo-Kalla Four Years Ruling, a Review

JAKARTA (TheInsiderStories) - It has been four years since Joko Widodo and Jusuf Kalla vowed as President and Vice President. Indonesia has both progresses and setbacks. Both...

Indonesia’s Inalum Get Loans US$3.8B from Foreign Lenders

JAKARTA (TheInsiderStories) - PT Indonesia Asahan Aluminium (Inalum), a state-owned mining holding, has secured US$3.8 billion short-term loan facility from a syndicate banks led by...

Indonesia’s Adaro Raises Production to 46MMt of Coal This Year

JAKARTA (TheInsiderStories) - Indonesian coal miner PT Adaro Energy Tbk (IDX: ADRO) will adds capacity production to around 46 million metric tons (MMt) of...

Freeport Export Permit Extended for One Month

JAKARTA (TheInsiderStories) - Indonesia's Ministry of Energy and Mineral Resources (MEMR) again give a temporary export permit to PT Freeport Indonesia (PTFI) due to the share sales...

Indonesia’s Adaro to Double Australia’s Kestrel Mine Production

JAKARTA (TheInsiderStories) - Indonesian coal miner PT Adaro Energy Tbk (IDX: ADRO) aims to double Kestrel Mine's production to bring the company become one of...

Morning Briefing: Freeport Deals Moves the Market, U.S’s Inflation Rises

JAKARTA (TheInsiderStories) - Good morning. The closing deal of PT Freeport Indonesia (PTFI) shares sale has give positive impact to the financial market. From global...

Morning Briefing: Freeport Deals Signs Today, Trade Wars Weaken Market

JAKARTA (TheInsiderStories) - Good morning. Today, Indonesian government will sign head of agreement (HoA) of PT Freeport Indonesia (PTFI) share sale with  Freeport-Mcmoran Gold...

Indonesia’s Inalum Plans to Build Hydropower Plant for US$2.25B

JAKARTA (TheInsiderStories) - State-owned company PT Indonesia Asahan Aluminium (Inalum) is planning to build a 900 MW  hydropower plant in Kayan River, North Kalimantan...

Rio Tinto, Inalum, Freeport Talks on Grasberg Mines Continues

JAKARTA (TheInsiderStories) - Global miner Rio Tinto Group (ASX: RIO) said the discussion of its divestment of 40 per cent interest in the giant Grasberg...

Policy Review: A Long Road To End Up Freeport’s Renegotiation Contract

JAKARTA (TheInsiderStories) - For the umpteenth time PT Freeport Indonesia's (PTFI) share divestment agreement drag on for unexplained reasons. Earlier President Joko Widodo optimistic PTFI divestment could...

Indonesia’s MedcoEnergi Get Approval To Issue New Shares

JAKARTA (TheInsiderStories) - Shareholders of Indonesian energy company PT Medco Energi International Tbk (IDX: MEDC) has approved the to issue up to 10 percent of...

Inalum Moving Closer in Buying Rio Tinto’s Interest in Freeport

JAKARTA (TheInsiderStories) - State-owned mining holding company PT Inalum has submitted a price value proposal to purchase 40 per cent Rio Tinto's participating interest in...

President: Complete Freeport Shares Divestment by April

JAKARTA (TheInsiderStories) – The negotiations over the 51 per cent divestment of PT Freeport Indonesia shares continued to drag on. Given this situation, President...

Freeport McMoran Prepares US$1.2 Billion for Grasberg Mine

JAKARTA (TheInsiderStories) -  U.S miner Freeport Mcmoran Inc. (NYSE: FCX) prepared capital expenditure US$2.1 Billion in this year to develop project in Indonesia and other...

Indonesia to Boost Aluminum Production to 2 MTPA

JAKARTA (TheInsiderStories) – The Indonesian government will continue to encourage higher national aluminum production, shooting at a figure of 1.5-2 million tons per annum...

Freeport, Amman Get Copper Export Permit

JAKARTA (TheInsiderStories) - Indonesian government issued copper export permit for PT Freeport Indonesia (PTFI) and local miner PT Amman Mineral Nusa Tenggara (AMNT), said...

Outlook: Indonesian Stock Market Bullish, while Risks Remain       

JAKARTA (TheInsiderStories) – Indonesia’s benchmark stock index is expected to gain further this year, driven by capital inflows (after suffering outflows last year), as...

Jokowi on Freeport Negotiation: Do Not Back Down!

JAKARTA (TheInsiderStories) - President Joko Widodo is said to feel optimistic about the ongoing divestment negotiations between the Government of Indonesia and U.S Freeport...

President Widodo’s 3rd Year: Freeport Proofs of Government Negotiation Toughness

JAKARTA (TheInsiderStories) - The Indonesian government and U.S mining giant Freeport-McMoRan Inc. are still facing off, far apart on a mutually-agreeable deal with contract renegotiation ongoing. Likely...

51% Freeport Shares Worth US$4 billion: Jonan

JAKARTA (TheInsiderStories) - Minister of Energy and Mineral Resources Ignasius Jonan has mentioned the value of the 51 percent stake to be divested by PT Freeport...

Moody’s Affirms Inalum’s Baa2 Ratings, Changes Outlook to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed PT Indonesia Asahan Aluminium (Inalum or MIND ID)' Baa2 issuer rating and the Baa2 ratings on the miner'...

MIND ID Prepares US$500M to Acquire Vale, Moedak Appoints as CEO

JAKARTA (TheInsiderStories) - Indonesian miner, PT Indonesia Asahan Aluminium (MIND ID) prepared funds US$500 million to acquire 20 percent stake of PT Vale Indonesia...

Morning Briefing: Johnson Hard Work to Reaches Brexit Deal

JAKARTA (TheInsiderStories) - Good Morning! British' Prime Minister Boris Johnson try again to get approval for a Dec. 12 general election today to smooth his Brexit plan. He...