JAKARTA (TheInsiderStories) - China' merchandise exports contracted 2.7 percent in in April in terms of USD, down from a revised 13.8 percent expansion in March, according to the General Administration of Customs.
The decline in exports led by the weakening demand from the United States (US), the agency said. Exports to the Japan, European Union and Southeast Asian region softened as...
JAKARTA (TheInsiderStories) — Indonesia rely on agriculture and livestock to slash the trade deficit with Argentina, said senior minister at the high level meeting in Jakarta, today (05/08).
After meeting with Vice-President of Argentina YM Gabriela Michetti and his delegation at his office, Coordinating Minister for Economy Nasution reported, the two sides discussed a number of matters relating an effort...
JAKARTA (TheInsiderStories) – An oil and gas producer, PT Medco Energi International Tbk (IDX:MEDC) issued global bonds with total amount US$650 million with coupon rate 7.38 percent. The funds use to finance the acquisition of British' Ophir Energy Plc., worth of $535.2 million and pay the company’ debt due in 2026, said an official statement today (05/07).
As of Sept....
JAKARTA (TheInsiderStories) – As one of the core investment destination, Indonesia is optimistic to become a manufacturing hub in Southeast Asian countries (ASEAN) region, Even so, become a production base for global producers to meet domestic market needs to export, said the minister on Wednesday (05/08).
Industry Minister Airlangga Hartarto in an official statement stated, to boost the manufacturing sector...
JAKARTA (TheInsiderStories) - Bank Indonesia noted, foreign exchange (forex) reserves stood at US$124.3 billion on April, slightly lessen 0.16 percent compared to March 2019 at $124.5 billion.
The position of forex reserves is equivalent to financing seven months of imports or seven months of imports and payment of government foreign debt, and is above the international adequacy standard of around...
JAKARTA (TheInsiderStories) - The acceleration in global growth that occurred in 2017 led some key central banks to begin a steady—albeit slow—tightening of monetary policy, said IHS Markit in the latest report. It said, the Federal Reserve, the Bank of Canada, and the Bank of England were in the vanguard.
Furthermore, the observer said, other central banks in Mexico, India,...
JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) Managing Director Christine Lagarde stressed how to ensured the effectiveness and sustainable financing of international development. She said the focus of the world today is on sustainable debt for sustainable growth.
"We are all committed to seeing low-income countries make decisive and lasting advances in development. This commitment is embodied in the Sustainable...
JAKARTA (TheInsiderStories) — State-owned flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) admitted adding unsolved payment over its financial report critics. The management said that there’s no payment received yet from cooperation agreement with PT Mahata Aero Teknologi.
In its financial report, Garuda claimed having US$241.94 million payment from Mahata in its revenue, even though it is actually still receivable....
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed up 0.65 percent at 6,297.32 from the previous trading which fell 1 percent at 6,256.35. For today, PT Indosurya Bersinar Sekuritas sees the JCI will strengthen in the range of 6,198-6,336.
Top Gainers
On Tuesday, the top gainers are PT Trisula International Tbk (IDX: TRIS) and PT Eka Sari Lorena Transport Tbk...
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 transaction providers.
At the same time, Finance Ministry lowered the minimum...
JAKARTA (TheInsiderStories) – Indonesian President Joko Widodo returned to exhale a plan to relocate the state capital from DKI Jakarta, which currently functions not only as a central government, but also at the heart of the national economy. The Widodo’s plan is delivering in a limited meeting with the Ministers at the Presidential Palace on Monday (04/29).
The discourse of...
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo on Tuesday (05/7) visited Kalimantan Island to follow up on the plan to move the country' capital city. Yesterday, President Joko Widodo checked the feasibility and readiness of the provinces of East Kalimantan and Central Kalimantan, two potential regions to become the new capital city.
The two provinces previously constituted two of the...
JAKARTA (TheInsiderStories) — A telecommunication provider, PT Indosat Ooredoo Tbk (IDX: ISAT) new CEO’ appointment has triggered question. The appointment of Ahmad Abdulaziz Al Neama as the company's new leader came without shareholders general meeting. Moreover, there has been three replacement in the last one year period.
Indosat has let the issue ongoing for days, especially because the appointment may...
JAKARTA (TheInsiderStories) – Indonesian Ministry of Energy and Mineral Resources (MEMR) announces Kufpec Ventures (Indonesia) Ltd. and Sonoro Energy Ltd-PT Menara Global Energi consortium as the winner of five 2019 Phase I Oil and Gas Working Area Offers total commitment value and signature bonus of US$ 116.7 million, said the government official on Tuesday (05/07).
According to the Deputy Minister of EMR...
JAKARTA (TheInsiderStories) – Responding to the request of the Indonesian National Development Planning Board, Korean Eximbank intends to provide untied soft loans under the name of the Economic Development Partnership Facility (EDPF) to the country, said the minister at a bilateral meeting with President/Chairman of the Korean Eximbank Sung-soo Eun in Fiji, last week.
Minister Bambang Brodjonegoro said the policy...
JAKARTA (TheInsiderStories) – Indonesian toll-road developer, PT Jasa Marga Tbk (IDX:JSMR) to publish coupon and zero coupon bonds, with total amount Rp2 trillion (US$140.84 million) this year. The two-debt instruments issuance are intended to provide a company’ funding cost, said the company on Monday (05/06).
This year the state-owned firm planned to spend around Rp27 trillion to develop a new toll...
JAKARTA (TheInsiderStories) - Indonesian retail sales grew 10.1 percent in March, up from February at 9.1 percent in, proven by the Real Sales Index of the Bank Indonesia (BI) today. The index is mainly sourced from the clothing subgroup and the group of parts and accessories.
Based on the sales survey data, retail sales are expected to continue grow positively...
JAKARTA (TheInsiderStories) – Ahmad Abdulaziz Al Neama has officially appointed to lead PT Indosat Ooredoo Tbk (IDX:ISAT), an Indonesian cellular operator, followed the resignation of former president director Chris Kanter. The nomination announced by Indosat' president commissioner Waleed Mohamed Al Sayed in the official statement last week.
Al Neama is not a new figure in the telecommunication industry. He has been spent 15...
JAKARTA (TheInsiderStories) – Bank Indonesia (BI) viewed that the country' trade balance remained positive in the first quarter of 2019, amid the lowered import and export, an official stated on Monday (05/06). This situation, BI rated, is in line with the impact of slowing world economic growth and shrinking commodity prices.
Executive Director Bank Indonesia Onny Widjanarko said in a written...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) announced has changes its monetary policy from the one-way monetary operations into a two-way monetary operation. With this strategy, the central bank said will not act contraction strategy by expanded the monetary policy strategy.
Executive Director of the Monetary Management Department BI Nanang Hendarsah explained that in this two-way monetary operation, BI would absorb...
JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) closed down 1 percent to 6,256.35 on Monday (5/6) from last week, which fell 0.86 percent to 6,319.46. For today, Reliance Sekuritas estimates that the JCI will strengthen at the level of 6,200-6,320.
Top Gainers
On Monday, the top gainers are PT Sunson Textile Manufacture Tbk (IDX: SSTM) and PT Visi Telekomunikasi Infrastruktur...
JAKARTA (TheInsiderStories) — Good morning! China said, that a delegation was still preparing go to the Washington for trade talks, even as the United States (US) President Donald Trump dramatically increased pressure to reach a deal by saying he would hike tariffs on Chinese goods this week. Negotiations are set to start May 8 in Washington DC.
Chinese Foreign Ministry...
JAKARTA (TheInsiderStories) - Post-2019 Presidential Election, Indonesia still has to face a commotion that never ends. Starting from the electoral fraud debate, the quick count paid by one party, to the people power narrative, became the main headline for domestic news.
The commotion increased after last week, coinciding with May Day, the "Itjima Ulama" forum attended by opposition leader Prabowo...
JAKARTA (TheInsiderStories) - Indonesian government would take strict legal actions for political offenders, said the senior minister today (05/06), followed several actions by the opposition. The government also prepared legal steps for a number of post-election actions that were disturbing the public.
"Today we conduct a coordination meeting to assert that those who have violated the law must act. We...
JAKARTA (TheInsiderStories) – Moody's Investors Service stated that the refinancing risks remain manageable for its infrastructure companies rated Asia (ex Japan), even when 68.5 percent of outstanding bonds from issuers with strong credit quality will mature in 2023, it said in its latest report on Monday (05/06).
In its report, Moody's stated that the majority of future bond maturities are...
JAKARTA (TheInsiderStories) – The shareholders of Indonesian taxi operator, PT Express Transindo Utama Tbk (IDX:TAXI), agreed to converting debt worth of US$70.42 million with 10 billion news shares, said an official statement on Monday (05/06).
Finance Director and Corporate Secretary TAXI Megawati Affan, said the conversion will be carried out in two stages. First phase will be converted debt of...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) assessed the Consumer Confidence Index (CCI) on April 2019 was 128.1, higher than 124.5 in the previous month.
The central bank said the rising of consumer optimism was driven by stronger consumer expectations for the future and the improving of perceptions on the current economic conditions. BI also noted that the current financial condition...
JAKARTA (TheInsiderStories) – Indonesia's economic growth shrank to 0.52 percent in the three months to March (q-to-q), following a contraction of 1.69 percent in Q4 (2018) and compared to a market consensus of contraction of 0.40 percent, said an official report on Monday (05/06).
Head of Indonesian Statistics Suhariyanto, said this is the weakest growth rate since the 1Q y-o-y,...
JAKARTA (TheInsiderStories) - United States (US) President Donald Trump has escalated the trade war with China by announcing plans to hike the tariff imposed on US$200 billion of Chinese goods from 10 percent to 25 percent starting this Friday (05/10). The president announced the move on Sunday at his twitter account.
He also threatened to impose tariffs on all Chinese trade...
JAKARTA (TheInsiderStories) - Ministry of Transportation (MoT) and Investment Coordinating Board (ICB) offered two types of land transportation projects namely terminals type A and 134 weigh bridges. The total projects has valued around Rp1.1 trillion or worth of US$76.97 million with public private partnerships (PPP).
"This is guided by Government Regulation Number 27 Year 2014, concerning Management of State or...