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Indonesia’s Pizza Hut Operator Eyes US$59M from IPO

JAKARTA (TheInsiderStories)- Indonesia's Pizza Hut fast food operator, PT Sarimelati Kencana Tbk eyeing Rp815.9 billion (US$59.13 million) funds from its initial public offering (IPO), said the...

BTPN Syariah, Gihon Telekomunikasi to Float Shares in April

JAKARTA (TheInsiderStories) - PT Bank Tabungan Pensiunan Nasional Syariah Tbk (BTPN Syariah), a subsidiary of Bannk BTPN (IDX:BTPN), as well as telecom tower developer...

Commonwealth: Mutual Fund Investment to Continue Upward Trend

JAKARTA (TheInsiderStories) - The returns on the equity market this year could outpace returns from fixed income instruments on the back of recovering global...

Asian Shares Plunge Amid Fear on Trump, China Trade War

JAKARTA (TheInsiderstories) - Asian shares, including shares on the Indonesian Stock Exchange, plunge on Wed. 7 on fears of U.S - Chinese trade tensions. The Jakarta...

GMF to Raise Funds through Private Placement

JAKARTA (TheInsiderStories) - PT Garuda Maintenance Facility AeroAsia Tbk (IDX:GMFI), the country's largest aircraft maintenance, repair and overhaul provider, has secured approval from shareholders...

Indonesia’s Go-Jek Considers Dual Listing

JAKARTA (TheInsiderStories) - Indonesian ride-hailing service, Go-Jek, is considering an Initial Public Offering (IPO) with a dual-listing scheme in Indonesia and at an overseas stock market, according...

Garuda Indonesia, Pegadaian to Issue Bonds

JAKARTA (TheInsiderStories) – Two state-owned companies, flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) and pawnshop firm PT Pegadaian have unveiled their plan late last week...

IDX: Foreign Companies Fascinated Listing in Indonesia

JAKARTA (TheInsiderStories) - President Director Indonesian Stock Exchange (IDX) Tito Sulistyo told press on Tuesday (20/02) several foreign companies have expressed their interest to list their...

IDX Joins Climate Bonds Initiative Program

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) has become the first Exchange in Southeast Asia to join Climate Bonds Initiative Partner Program. IDX is the...

Bakrie’s Subsidiary to Issue US$300M Global Bonds

JAKARTA (TheInsiderStories) - Indonesia broadcasting company, PT Intermedia Capital Tbk (IDX: MDIA) plans to issue global bonds worth US$ 300 million (Rp 4.05 trillion),...

XL Axiata Posts Profit Rp375.2 B in 2017

JAKARTA (TheInsiderStories) - Indonesia based telecommunication provider PT XL Axiata Tbk (IDX: EXCL), booked Rp375.24 billion profit in 2017 or slightly down compared to...

Outlook: Indonesian Stock Market Bullish, while Risks Remain       

JAKARTA (TheInsiderStories) – Indonesia’s benchmark stock index is expected to gain further this year, driven by capital inflows (after suffering outflows last year), as...

JCI Breaks New Record at 6500

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 9.63 points (0.14 percent) to 6,500 after moving between 6,484-6,529 on Monday (22/1). The composite...

Fitch Gives ‘AA(idn)’ Rating on Mayora’s Bond

JAKARTA (TheInsiderStories) – Fitch Ratings Indonesia has issued the 'AA(idn)' National Long-Term Rating on PT Mayora Indah Tbk's (AA(idn)/Stable) Rp2 trillion bond program. At the same...

GMF AeroAsia, Korr Group Sign Strategic Partnership in Australia

JAKARTA (TheInsiderStories) - PT Garuda Maintenance Aero Asia Tbk (IDX: GMFI) signed a strategic partnership agreement with Korr Group to cooperate in line maintenance activities for Boeing...

Morning Briefs – Jan. 3

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Darmin Sees 50 Companies Go IPO in 2018 Coordinating Minister...

Morning Briefs – Jan. 2

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: National Car Esemka to be Launched in 2018 National car...

Indonesia’s Capital Market Moving in Positive Trajectory

JAKARTA (TheInsiderStories) – Following the welcome S&P Global Rating upgrade of Indonesia’s status to ‘investment level’ in May, the Jakarta Composite Index (JCI) —...

New Trada Alam Mineral Sailing on New Path

JAKARTA (TheInsiderStories) - Shares of PT Trada Alam Mineral Tbk (IDX:TRAM), previously known as PT Trada Maritime Tbk, has recorded a 6.9 per cent increase in its...

Indonesian Businessman Wins Against Goldman Sachs

JAKARTA (TheInsiderStories) - Indonesian Court granted Benny Tjokrosaputro's lawsuit against U.S bank Goldman Sachs International on Tuesday (21/11). This case has been running for more than...

Political Review: Karnavian Assures Security Condition Under Control

JAKARTA (TheInsiderStories) – Indonesia’s National Police Chief Tito Karnavian assured investors and business players on Monday (20/11) that the national security situation will remain...

ASEAN: Slow Progress of Stock Exchanges Linkage

JAKARTA (TheInsiderStories) – As South East Asian Nations are marching toward integration of their economies through the ASEAN Economic Community (AEC) which officially kicked...

Executive Views: Deepening Market Instruments  

JAKARTA (TheInsiderStories) – Indonesia currently draws the interest of global investors along with China and India, after S&P upgraded Indonesia’s rating to investment grade, an...

Financial Sector Reviews: Listed Companies Upbeat on Full Year Profit Outlook

JAKARTA (TheInsiderStories) – Indonesian listed companies have unveiled their nine months (9M) financial reports, with most soundly beating market expectations. We wrap up their...

WIKA Gedung to Offer 40 Per Cent to Public

At an Initial Price of Rp290-456 per Share JAKARTA (TheInsiderStories) – PT Wka Bangunan Gedung Tbk, a subsidiary of state-owned construction firm PT Wijaya Karya...

Breaking News: JCI Hits Highest-ever Level

JAKARTA (TheInsiderStories) - The Jakarta Composite Index (JCI) hit a new record to 6025.434 on closing today (25/10), a 1.23 per cent (73.35 point) higher over...

Air Asia Indonesia Flies in the Back Door Listing

JAKARTA (TheInsiderStories) - Low-cost flight carrier PT AirAsia Indonesia (AAI)will soon offer shares through a ‘back-door listing’ on the Indonesia Stock Exchange (IDX). The target of...

Italian Enel Closes Deal to Sell 10% of Bayan Resources 

JAKARTA (TheInsiderStories) - Italian Enel SPA through its fully-owned subsidiary Enel Investment Holding B.V.closed a deal for the sale of its 10 percent stake in Indonesian...

Saratoga, Merdeka Acquire Australian Finders Assets in Indonesia

JAKARTA (TheInsiderStories) - Eastern Field Developments Ltd, a special-purpose vehicle of Procap Partners Limited, PT Saratoga Investama Sedaya Tbk (IDX:SRTG) and PT Merdeka Copper Gold...

JCI Might Get Going despite Rupiah Volatility

JAKARTA (TheInsiderStories) - Jakarta Composite Index (JCI) is still likely to break the 6,000 level amid the volatility of the Rupiah, a casualty of global...