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Indonesia Prepares Stimulus for Automotive Industry

JAKARTA (TheInsiderStories) - The ministry of industry has prepared economic stimulus for automotive industry to press COVID-19 impact in Indonesia. This policy was made to maintain...

Revised: Nissan Motor End Production in Indonesia

JAKARTA (TheInsiderStories) - After closed one factory in February, 2019, now Japanese car producer, Nissan Motor Co., will end its production in Indonesia. Since July, 2019,...

Indonesian Car Sales Drops 10% in 2019 amid the Low Demand

JAKARTA (TheInsiderStories) - Indonesian car sales dropped 10.8 percent during 2019 amid the weak demands and other factors. The car manufacturer association (Gaikindo) reported, last year...

Indonesia’s Bank Muamalat Seeks Funds US$571M

JAKARTA (TheInsiderStories) - Shareholders of PT Bank Muamalat Indonesia Tbk approved the right issue program Rp2 trillion (US$142.86 million) and subordinate Sukuk Rp6 trillion, said...

Indonesia’s Astra Eyes Logistic Firm, Keep Market Shares 50%

JAKARTA (TheInsiderStories) - One of the major company in Indonesia, PT Astra International Tbk (IDX: ASII) in talks with local start-up engage in the logistics...

Indonesia Targets to Export One Million Cars In 2025

JAKARTA (TheInsiderStories) - Indonesian government is targeting to export 1 million cars by 2025 from this year target 340,000 units, said Minister of Industry...

Indonesia Sees Car Exports to Rise 15.6% in 2019

JAKARTA (TheInsiderStories) – Indonesian government aiming to export 400,000 units car in this year. The number higher 15.6 percent compared to the 2018 with...

Impact of Down Payment Policy will be Limited to the Economy

JAKARTA (TheInsiderStories) - Indonesian Financial Services Authority (FSA) loosen the down payment of car and motorcycle to zero percent at the leasing company, from...

Indonesia Car Sales Up 11.1% in January

JAKARTA (TheInsiderStories) - Indonesia car sales reached 95,892 units in January, rose 11.1 per cent from the same month last year at 86,262 units, the Association...