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Morning Briefing: President Instructs Evacuation of Indonesian Citizens in Hubei Province

JAKARTA (TheInsiderStories) - President Joko Widodo has instructed his ministers to immediately evacuate Indonesian citizens in the Hubei Province, China, followed the coronavirus spread...

Indonesia, Hungary Plans to Establish Investment Fund

JAKARTA (TheInsiderStories) - Indonesia and Hungary plans to establish the an investment fund to support the infrastructure development in the country, foreign minister told reporters after...

SWF has Potentials to Raises US$20B, says Indonesian President

JAKARTA (TheInsiderStories) - Indonesian President, Joko Widodo, says there is a potential the Sovereign Wealth Fund (SWF), an agency creating by the government to manage US$20...

Japan’s Softbank Eyes More Investment in Indonesia

JAKARTA (TheInsiderStories) - Founder of Japan' Softbank Corp. Masayoshi Son, eyes more investment in Indonesia. After declared to invest US$2 billion on July 2019...

Indonesia’s Waskita Karya Receives Funding US$878M

JAKARTA (TheInsiderStories) - Indonesian construction company, PT Waskita Karya Tbk (IDX: WSKT) received cash of Rp12.3 trillion (US$878.57 million) which derived from turnkey payment of...

Indonesia’s Waskita Toll Road to Divest Four Toll Roads in 2020

JAKARTA (TheInsiderStories) - PT Waskita Toll Road (WTR) plans to divest four toll roads in 2020, the management told media on Dec. 18. Three...

Indonesia’s Indocement Spends US$93M in 2020

JAKARTA (TheInsiderStories) - Indonesia' cement producer, PT Indocement Tunggal Prakarsa Tbk (IDX: INTP) allocates higher spending in 2020 worth of Rp1.3 trillion (US$92.85 million)...

Indonesia Adds Likupang on Special Economic Zones List

JAKARTA (TheInsiderStories) - Indonesian government has added Likupang in North Sulawesi Province into lists of its special economic zones (SEZ) through government regulation number...

Indonesia’s Waskita Offers Global Bond US$375M in 2020

JAKARTA (TheInsiderStories) - Construction firm, PT Waskita Karya Tbk (IDX: WSKT) to sell seven or 10 years-global bond with worth of Rp5 trillion (US$375.14...

Indonesia Needs Investment US$2,517B to Grow 6%

JAKARTA (TheInsiderStories)  - Indonesia needs Rp35,428 trillion (US$2,517.71 billion) of investment in five years period to reach the six percent growth, said national development...

US’ Global Infrastructure Partners to Invest US$5B in Indonesia

JAKARTA (TheInsiderStories) - Global Infrastructure Partners (GIP), an American-based company, plans to invest around US$5 billion in Indonesia starting 2020, said the senior minister...

Malaysian RANHILL, Jasa Sarana Build Strategic Projects in West Java

JAKARTA (TheInsiderStories) - Malaysia' Ran Holdings Berhard (RANHILL) had signed three memorandum of outstanding with PT Jasa sarana to develop an infrastructure projects in West Java...

Indonesia’s Nusantara Infrastructure Allocates Capex US$161M in 2020

JAKARTA (TheInsiderStories) - Infrastructure company, PT Nusantara Infrastructure Tbk (IDX: META) will strengthen the infrastructure business by allocated capital expenditure Rp2.25 trillion (US$160.71 million) in...

Indonesia’s Waskita Enters Steel Fabrication Business

JAKARTA (TheInsiderStories) - Indonesian construction firm, PT Waskita Karya Tbk (IDX: WSKT) enter new business by built steel plant in Cikande Modern Industrial Zones,...

Indonesia to Build 3,000 Km Toll Roads Until 2024

JAKARTA (TheInsiderStories) - Indonesian government targeting to build 3,000 kilometers (km) new toll road across the archipelago, said the head of state in Jakarta. To reach...

ASEAN Announces 19 Initial Infrastructure Projects Worth of US$15B

JAKARTA (TheInsiderStories) - The ASEAN Coordinating Council (ACC) has announced the Initial Rolling Priority Pipeline of ASEAN Infrastructure Projects at the meeting in Bangkok,...

Developing Asia Needs to Invest More Than 5% of GDP for...

JAKARTA (TheInsiderStories) — Developing Asian countries need to invest more than 5 percent of their gross domestic product (GDP) over the next decade to...

IIF Provides Financing to Waskita Toll Road of US$43Million

JAKARTA (TheInsiderStories) - PT Indonesia Infrastructure Finance (IIF) provided Cash Deficiency Support Rp600 million (US$$42.55 million) to unit of PT Waskita Toll Road (WTR),...

ADB Disburses US$100M Loans for Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$100 million financial intermediary loan to Indonesia, to help catalyze private sector investments in...

Indonesia’s Wijaya Karya Eyes Airport Project US$700M in Taiwan

JAKARTA (TheInsiderStories) - Indonesia' construction firm, PT Wijaya Karya Tbk (IDX: WIKA) eyes an airport project in Taiwan with values around US$700 million, local...

Two State Firms Seeks Funds US$273M from Bond Market

JAKARTA (TheInsiderStories) - Two state firms, PT Sarana Multi Infrastruktur (SMI) and Indonesian Eximbank seek funds from the bond market with total amounts Rp3.85...

Indonesia Aims to Build 17 SEZs in This Year

JAKARTA (TheInsiderStories) - Coordinating ministry for economic affairs (CMEA) reported Indonesia has develop 13 special economic zones (SEZ) spread across the country, with total investments Rp85.3...

Indonesia, Dutch Agrees to Proceed Integrated Coastal Development

Bogor (TheInsiderStories) - Indonesia and Dutch agreed to continues the National Capital Integrated Coastal Development (NCICD) in Greater Jakarta areas, said one minister today (10/07). The...

South Korea KIND Explores Potential Investment in Indonesia

JAKARTA (TheInsiderStories) - The Indonesian Investment Coordinating Board (ICB) signed an agreement with Korea Overseas Infrastructure & Urban Development Corporation (KIND) to explore the...

Indonesia Budges US$3B for Transportation Sector in 2020

JAKARTA (TheInsiderStories) - Indonesian government budgeted Rp43.11 trillion (US$3.07 billion) for Transportation Ministry in 2020 to develop priority and super-priority tourism destinations that are...

Indonesia Completes 19 Infrastructure Projects Worth of US$6B

Jakarta (TheInsiderStories) - Since January to August 2019, Indonesia has completed 19 national strategic projects (NSP) with total investment Rp87.7 trillion (US$6.21 billion), an official...

Indonesia’s United Tractors Gives Loan to Acset Indonusa US$169M

JAKARTA (TheInsiderStories) - Indonesia' heavy equipment distributor, PT United Tractors Tbk (IDX: UNTR) give fresh loans Rp2.4 trillion (US$169.01 million) to its unit PT...

Indonesia Proposes New Loans US$500M to AIIB

JAKARTA (TheInsiderStories) - Indonesia has submitted a new loan to Asian Infrastructure Investment Bank (AIIB) with worth US$500 million, said the official on Thursday (08/29)....

Indonesia’s Wika Beton Targeting Sales, Contract Grow 15%

JAKARTA (TheInsiderStories) - PT Wijaya Karya Beton Tbk (IDX: WTON) also known Wika Beton, targeting every year the sales and contract of the company could grow...

Indonesia’s SMI Offers Bond and SUKUK US$356M

JAKARTA (TheInsiderStories) - Indonesia' State firm, PT Sarana Multi Infrastruktur offered bonds and SUKUK to investors with total amount Rp5.09 trillion (US$355.94 million) in this...