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Indonesia Crude Price Drops to US$61.96 a Barrel in April

JAKARTA (TheInsiderStories) - The average price of Indonesian crude oil prices (ICP) fell to US$61.96 a barrel in April, decreased by $1.54 per barrel from the...

OPEC+ Holds Output and Kept the Oil Demands Forecast

JAKARTA (TheInsiderStories) - The Organization of Petroleum Exporting Countries and its allies (OPEC+), stick to their plans to slightly increase the oil production by 350,000 barrels per...

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)...

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...

Indonesian Cement Production Overcapacity Up to 46%

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Indocement Tunggal Prakarsa Tbk (IDX: INTP), hold the development of new factory in this year, even has secured a...

Indonesia’s Palm Oil Export Drops 18.47% in January

JAKARTA (TheInsiderStories) - Indonesian Palm Oil Association (GAPKI) reported that palm oil products and derivatives export dropped by 18.47 percent to 2.86 million tones (MT) in January...

ASI: Domestic Cement Consumption to Grow 8% in 2021

JAKARTA (TheInsiderStories) - Chairman of Indonesian Cement Association, Widodo Santoso, sees the domestic cement consumption in this year will increase by 8 percent to 67.1 million tones...

Indonesia’s Astra Businesses Hit by the Pandemic

JAKARTA (TheInsiderStories) - Conglomeration firm, PT Astra International Tbk (IDX: ASII), reported during 2020, the group businesses hit by the COVID-19 outbreak and slashed the...

Moody’s: Indonesian Property Developers’s Cash Flow to Improve

JAKARTA (TheInsiderStories) - Moody's Investors Service says that demand recovery will be uneven across Indonesian property segments, although cash flow is expected to broadly improve from...

Indocement Looking Southeast Asia and Other Markets

JAKARTA (TheInsiderStories) - Indonesian cement producer, PT Indocement Tunggal Prakarsa Tbk (IDX: INTP) looking Southeast Asian and other markets to increases the sales volume. The Salim Group'...

Indonesia’s Cement Sales Drops More Than 10% in 2020

JAKARTA (TheInsiderStories) - The Indonesian Cement Association reported the national cement sales dropped more than 10 percent throughout 2020 from 70 million tones to 62.7...

Indonesia’s ABM Investama Eyes 13 MT Coal Production in 2021

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT ABM Investama Tbk (IDX: ABMM) targeting an increase in production volume to around 13 million tons (MT) of coal for...

OPEC Cuts the Oil Demand to 5.9 Million Barrels in 2021

JAKARTA (TheInsiderStories) - The Organization of the Petroleum Exporting Countries (OPEC) cut its oil demand to 5.9 million barrels per day (bpd) in 2021 or dropped...

Indonesian Demand for DMO to Reaches 187MT in 2024

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry sees, the demand for Domestic Market Obligation (DMO) is estimated to increase by 21 percent to 187...

Indonesia will Auctions 68 Unexplored Oil and Gas Basin in 2021

JAKARTA (TheInsiderStories) - Indonesia will auction around 68 unexplored offshore oil and gas basins starting next year to attract new investment in these sector, said the...

Indomobil: Indonesia’s Automotive Market Rebound in 2021

JAKARTA (TheInsiderStories) - Car maker, PT Indomobil Sukses International Tbk (IDX: IMAS) believes that the Indonesian automotive sector will slowly recover starting next year...

Indonesia’s Retail Sales, Consumer Confidence Index Still Weak

JAKARTA (TheInsiderStories) - Indonesia' retail sales index still contraction in September after occurred since June 2020, the central bank reported today. The Consumer Confidence Index also...

Indonesia Targeting Fuel Imports Fall to 26.69% in 2024

JAKARTA (TheInsiderStories) - The ministry of energy and mineral resources (MEMR) targeting the ratio of imported fuel to the domestic demand fall to 29.69 percent in...

Indonesia Records Deflation for Three Consecutive Months

JAKARTA (TheInsiderStories) - Indonesia experienced a deflation for three consecutive months, after posted another deflation at 0.05 percent in September, statistic bureau reported on Thursday....

Indonesia’s Coal Production is Estimating Rises 11% in 2021

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry estimates that 2021' coal production will rises 11 percent to 609 million tones (MT)...

Astra, Indonesian Car Sales Up More than 100% in July

JAKARTA (TheInsiderStories) - Total car sales of PT Astra International Tbk (IDX: ASII) for the July 2020 period rose 108.8 percent compared to the previous...

OPEC Sees World Oil Demand Will Fall Even More in 2020

JAKARTA (TheInsiderStories) - Organization Petroleum Exporter Countries (OPEC) trimmed oil-demand growth by 100,000 barrels per day in monthly report released on August 13. It said,...

Residential Propety Prices are Predicted Getting Slower in 3Q

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) estimated the residential property prices getting slower until September of 2020. This was indicated by the estimated growth...

Indonesia’s Cement Sales Drops 4.19% in the First Semester

JAKARTA (TheInsiderStories) - The impact of the COVID-19 has hit the national cement industry. Based on data from the association, total cement sales in the...

Indonesia’s Coal Prices Drops to US$50.34/MT in August

JAKARTA (TheInsiderStories) - High global stock and the pandemic bringing down Indonesia' coal prices in the last five months. Based on the energy and mineral resources...

Indonesian Car Sales Soared 255% in June, says GAIKINDO

JAKARTA (TheInsiderStories) - The association of auto producers (GAIKINDO) reported that national car sales in June soared by 255.47 percent to 12,623 units from May...

Bank Indonesia: Retail Sales Contraction 16.9% in April

JAKARTA (TheInsiderStories) - Bank Indonesia reported the Retail Sales Survey dropped to a deeper contraction in April by 16.9 percent compared to last year. In...

Indonesian Car Sales Remains Weak After Dropped 90% in April

JAKARTA (TheInsiderStories) - Indonesian car maker association (GAIKINDO) sees the car sales in May will remains weak due to lack of demand, said the chairman...

Semen Indonesia Sales Grew in the Midst of COVID-19 Pandemic

JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX: SMGR), a state-owned cement producer, reported in the first quarter (1Q) of 2020, the sales reached 7.9 million tones...

Indonesia’s PLN Cuts Revenues Target by 15% Affected by COVID-19

JAKARTA (TheInsiderStories) - The country' largest power producer, PT Perusahaan Listrik Negara (PLN) cut its 2020' revenues target by 14.6 percent caused the COVID-19...
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