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IMF Lowering Indonesia’s Economic Growth to 4.3% in This Year

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) has lowered Indonesia' economic growth to 4.3 percent in this year compared to the February' projection at 4.8...

Indonesia’s Car Sales Surges 72.6% After Get Tax Incentives

JAKARTA (TheInsiderStories) - The Association of Indonesian Automotive Industries (GAIKINDO) reported car sales surged 72.6 percent to 84,910 units in March compared to a year ago,...

Indonesia: Fitch Put RD Rating for Modernland Realty

JAKARTA (TheInsiderStories) - Fitch Ratings affirms that the property developer rating of PT Modernland Realty Tbk (MDLN) is in the restricted default and affirmed th...

OPEC Revises Global Oil Demand to 5.95 Million BPD in 2021

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+) raised its forecast for world oil demand to 5.95 million barrels per day (bpd)...

Morning Briefing: Various Things to Know on Wednesday

JAKARTA (TheInsiderStories) - Good Morning! Chinese Prime Minister, Li Keqiang, hopes the United States (US) will cooperate with his country and must improve their communication towards...

US: Budget Deficit Records the Highest Amount in March

JAKARTA (TheInsiderStories) - The United States (US) posted budget deficit of US$600 billion in March of 2021 as the stimulus aid package continues to grow to...

China: Export Surges 30.6% as Global Economy Recovers

JAKARTA (TheInsiderStories) - China' exports grew at a brisk pace in March as global demand picked up amid progress on COVID-19 vaccination around the world, while...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! Chairman of Federal Reserve, Jerome Powell, sees the United States (US) economy to emerge from its COVID-19 hibernation. He also...

India: Nomura Lowers Economic Growth to 12.6%

JAKARTA (TheInsiderStories) - Global brokerage Nomura lowered its growth expectations for India from 13.5 percent to 12.6 percent in this year, reflected the pandemic drag on the economy and marginally lower retail...

Indonesia: Rating of Sritex Drops Again from B3 to Ca

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded PT Sri Rejeki Isman Tbk (IDX: SRTX) or Sritex corporate family rating (CFR) to Ca from B3 with outlook...

Weekly Briefing: Various Things to Know on Monday

JAKARTA (TheInsiderStories) - Good Morning! Updates to economic trends in China, Japan, the United States (US), Eurozone and United Kingdom (UK) will dominate the week as...

GlobalData: World Coal Output Will Recover in 2021

JAKARTA (TheInsiderStories) - Global coal output is set to recover by 3.5 percent to 8 billion tones of coal in 2021, according to GlobalData report. Last year,...

Morning Briefing: Various Things to Know on Friday

JAKARTA (TheInsiderStories) - Good Morning! Fears on the new COVID-19 waves in India and South America is estimating will slow the recovery in global demand. Both countries...

Sadikin: COVID-19 Vaccination Rollout to Slowdown Due to Weak Supply

JAKARTA (TheInsiderStories) - Health minister, Budi Gunadi Sadikin confessed that the COVID-19 vaccination rollout will slow down as 100 million doses vaccine raw materials from...

Indonesia’s Lippo Karawaci Pocketing Sales US$90M in 1Q 2021

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Lippo Karawaci Tbk (IDX: LPKR) reported has pocketed marketing sales Rp1.31 trillion (US$90.34 million) during the first quarter...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! Chairman of the Federal Reserves, Jerome Powell, will participates the International Monetary Fund and World Bank Spring Meeting panel discussion on...

Indonesia’s Forex Reserves Drops to US$137B in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the position of foreign exchange (forex) reserves drop to US$137.1 billion at the end of March 2021. The...

Morning Briefing: Various Things to Know on Wednesday

JAKARTA (TheInsiderStories) - Good Morning! Today, Bank Indonesia will announce the position of foreign exchange reserves in March and it is presumed that it is still...

IMF Revises Up Global Economic Grow to 6% in 2021

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) projected the global economy to grow at 6 percent in 2021 after an estimated historic contraction 3.3...

Morning Briefing: Various Things to Know on Tuesday

JAKARTA (TheInsiderStories) - Good Morning! Global crude prices fell more than 4 percent, reversing last week rally, as traders frowned upon the decision by OPEC+ to...

Malaysia’s AirAsia Enters Motorcycle Taxi Businesses

JAKARTA (TheInsiderStories) - After launched Ikhlas and AirAsia Food, now the low cost carrier, AirAsia Group Bhd (MYX: 5099), looking the ride-hailing businesses as part...

Weekly Briefing: Various Things to Know on Monday

JAKARTA (TheInsiderStories) - This week we will looks The International Monetary Fund (IMF) and World Bank spring meeting, the Federal Reserves (Fed) and European Central...

Indonesia Gives Another Tax Incentives for Car Producer

JAKARTA (TheInsiderStories) - Indonesian government provided another luxury goods tax for cars with cylinder capacities more than 1,500 cc to 2,500 cc, finance ministry announced on...

JICA Provides Soft Loan US$452M for Indonesia

JAKARTA (TheInsiderStories) - The Japan International Cooperation Agency (JICA) provided a debt of JPY50 billion (US$452 million) to Indonesia under the official development assistance soft loan...

Indonesia Set Export Duties for CPO US$116 a MT in April

JAKARTA (TheInsiderStories) - Indonesian government set the reference price for crude palm oil (CPO) products for export duties US$1,093.83 a metric ton (MT) in April,...

OPEC+ to Raises Oil Production 350,000 Barrels Until June

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed to raise oil production gradually starting in May. The members to raise output...

Morning Briefing: Various Things to Know on Friday

JAKARTA (TheInsiderStories) - Good Morning! Most Asian stock markets, Indonesia, Australia, New Zealand, Hong Kong, and Singapore have no transaction today. For other market, the investors is...

Number of Visitors to Indonesia Stay Low in February

JAKARTA (TheInsiderStories) - Number of visitors to Indonesia experienced a sharp decline by 86.59 percent in February compared to the same month in 2020, statistic...

Indonesia Posts Inflation 0.08% in March

JAKARTA (TheInsiderStories) – Statistics bureau reported Indonesia posted an inflation 0.08 percent with consumer price index 106.15 in March from previous month at 0.10 percent, the...

No Policy Recommendation from OPEC+ Meeting

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+) panel ended with no policy recommendation but lowered its oil demand growth forecast...
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