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Indonesian Economy Contractions 2.07% in 2020

JAKARTA (TheInsiderStories) - Indonesian economy shrank to minus 2.07 during 2020 from a year ago grew 5.02 percent, the first contraction in over two decades, the statistic...

Indonesia’s PLN Asks Additional Stimulus US$333M

JAKARTA (TheInsiderStories) - State power producer, PT Perusahaan Listrik Negara (PLN) proposed an additional stimulus around Rp4.66 trillion (US$332.86 million) to extend their incentive for...

Indonesia Shuts the Door to Foreigners Starting Jan. 1 to 14

JAKARTA (TheInsiderStories) - Foreign minister, Retno Marsudi, announced, the government ban all travelers to enter Indonesia starting Jan. 1 - 14 to avoid the spread of a...

Indrawati Revises Down Indonesia’s Economic Growth

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati, again revised down Indonesian economic growth minus 2.2 to 1.7 percent in this year due to hight pressured...

ADB Approves Policy-based Loans US$500M for Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) has approved a US$500 million policy-based loan to support the government of Indonesia’ efforts to expand financial access...

Indonesian Govt Pays ‘Debt’ US$6.46B to PLN and Pertamina

JAKARTA (TheInsiderStories) - Indonesian government paid its obligation to PT Perusahaan Listrik Negara (PLN) and Pertamina with total amoun Rp90.4 trillion (US$6.41 billion) as a compensation...

Surprisingly! BI Cuts Rate to 3.75% in November

JAKARTA (TheInsiderStories) - Surprisingly, board governors of Bank Indonesia lowered the seven days reverse repo rate (BI-7DRR) by 25 basis points to 3.75 percent, the deposit...

Germany’s Eximbank Gives Loan US$655M for Indonesia

JAKARTA (TheInsiderStories) - Federal Republic of Germany gave a bilateral loans of EUR550 million (US$654.76 million) to help Indonesian economy from the impact of the COVID-19...

Indonesian Oil and Gas Lifting Reaches 1.9MBOEPD in Third Quarter

JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) reported the realization of oil and gas lifting reached 1.913 million barrels...

Three State Firms to Receive Capital Injection US$608M

JAKARTA (TheInsiderStories) - Directorate general of state wealth at the finance ministry, announced an additional capital injection for three state firms with total amount Rp8.57 trillion (US$607.80...

Warjiyo: Indonesia’s Economy Will Be Positive in 4Q of 2020

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI), Perry Warjiyo, optimistic that the economic growth will return to a positive in the fourth quarter (4Q) of...

Indonesia’s GDP Contractions 3.49% in Third Quarter

JAKARTA (TheInsiderStories) - Statistic bureau reported Indonesian economic growth contracted 3.49 percent in third quarter of 2020 compared to same period in 2019. The number...

Widodo Sees Indonesia’s GDP Still Contraction 3% in 3Q

JAKARTA (TheInsiderStories) - President Joko Widodo sees Indonesia' economic growth still contraction over than 3 percent in the third quarter (3Q) of 2020. But, the...

Burden Sharing: BI Bought Government Bond US$1.56B

JAKARTA (TheInsiderStories) - As part of burden sharing to help the economic recovery, Bank Indonesia (BI) purchased four series of government sharia bond worth of Rp22.87...

Indonesia’s Budget Deficit Widens, State Revenues Slowing Down

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati, reported until end of September 2020, Indonesia posted a budget deficit Rp682.12 trillion (US$46.40 billion), around 4.16...

Breaking: Indonesia Enters the Recession Period

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati said Indonesia' economic growth in the third quarter (3Q) of 2020 still in the negative territory...

Another 12 Global Digital Firm Must Pay 10% VAT Starting October

JAKARTA (TheInsiderStories) - Indonesian government added 12 global digital firms to pay 10 percent of value added tax (VAT) for its users starting October 2020,...

Moody’s Sees Indonesian Economy Lowering to 3.9% in 2020

JAKARTA (TheInsiderStories) - Moody's Investors Service sees Indonesian economic growth will ended at 3.9 percent of gross domestic products (GDP) in this year, said the agency...

Indonesia Prepares US$2.77B to Produces COVID-19 Vaccines

JAKARTA (TheInsiderStories) - Indonesian government has allocated Rp40.8 trillion ($2.77 billion) of budget to produces a COVID-19 vaccines in multi-years, said senior economic minister on Monday...

Indonesia Offers Retail SUKUK with a Target of US$342M

JAKARTA (TheInsiderStories) - Indonesian government offers retail SUKUK with code the SR-013 with indicative targets up to Rp5 trillion, said the official today. The country set...

Bank Indonesia Buys Over than US$1B of State Bonds

JAKARTA (TheInsiderStories) - Today, Bank Indonesia (BI) bought Rp16.98 trillion (US$1.15 billion) of state bonds through a private placement as part of burden sharing...

Indrawati Sees Indonesian Economy Contracts 2% in 3Q

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will contraction 2 percent in the third quarter (3Q) of 2020. For the...

Indrawati Revises Down Economic Growth -0.2% to -1.1% in 2020

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati has revised Indonesian economic growth targets in 2020 in the range of -0.2 to -1.1 percent of gross...

Indonesia’s Consumer Confidence Index Improves in July

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the Consumer Confidence Index (CCI) on economic conditions improved to 86.2 in July 2020 from last month at 83.8. Even...

Indonesian Govt Pushes Spending to Boost the Economy

JAKARTA (TheInsiderStories) - After experiencing a contraction in the second quarter of 2020, Indonesian government will take an extraordinary steps to boost the economy...

Alert! Indonesia is in Technical Recession, GDP Contracts 5.32% in 2Q

JAKARTA (TheInsiderStories) - The statistics bureau reported Indonesia' economic growth plunged to 5.32 percent in the second quarter of 2020 compared to last year, said...

BI to Buys State Bond US$27B through Private Placement Scheme

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) to buy the state bond through a private placement worth of Rp397.56 trillion (US$27.43 billion) with tenure 5  -8 years...

World Bank Sees Indonesian Economy Not Grow in 2020

JAKARTA (TheInsiderStories) - The World Bank sees Indonesian economy not growing or zero growth of the gross domestic products (GDP), said the lead economist today (07/16)....

Fitch Assigns Indonesia’s Samurai Bonds Final ‘BBB’ Ratings

JAKARTA (TheInsiderStories) - Fitch Ratings has assigned a final rating of 'BBB' to the Samurai bonds issued by Indonesian government. On July 2, the country has...

Pemerintah Cari Rp900 Triliun dari Pasar Obligasi untuk Biayai Defisit APBN

JAKARTA (TheInsiderStories) - Pemerintah Indonesia mencari dana Rp900,4 triliun dari penerbitan Surat Utang Negara (SUN) untuk membiayai defisit Anggaran Pendapatan dan Belanja Negara (APBN)...
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