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Indonesian House Urges the Gov’t Complete Omnibus Law Draft in January

JAKARTA (TheInsiderStories) - Indonesian parliamentary body urgers the government should complete the omnibus law draft within the next 1-2 months to get them into...

Investment in Indonesia’s Energy Sector Reaches US$63.6B by 2024

JAKARTA (TheInsiderStories) - Indonesian coordinating minister for maritime and investment affairs Luhut Binsar Pandjaitan said he is upbeat the investment target in the energy...

British’s Dunlop Build Aircraft Tire Plant in Indonesia

JAKARTA (TheInsiderStories) - British' airplane tire maker, Dunlop Aircraft Tires, plans to build a factory in Karawang, West Java with total investment of Rp1...

Indonesian President Expands Pandjaitan’s Authority

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo expands the jurisdiction and level of authority of Luhut Binsar Pandjaitan, a former military general and his...

Indrawati Sees Indonesia’s Economic Growth 5.05% in 3Q of 2019

JAKARTA (TheInsiderStories) - Tomorrow, Statistic Indonesia will release the economic growth of the third quarter (3Q) of 2019. Finance minister Sri Mulyani Indrawati projected the...

US’s Secretary States will Visit Indonesia, Vietnam

JAKARTA (TheInsiderStories) - United States (US) secretary of commerce, Wilbur Ross, will visit Indonesia and Vietnam next week after attends the Indo-Pacific Business Forum in Bangkok, Thailand,...

Indonesia, Singapore Agrees to Completes Bilateral Trade Soon

JAKARTA (TheInsiderStories) - Indonesia and Singapore agreed to speeding up the finalization of bilateral trade, said the two ministers on Thursday (10/31). As known the two countries...

Indonesia Posted Realization Investment US$28B in 9M 2019

JAKARTA (TheInsiderStories) — The Indonesian Investment Coordinating Board reported that the realization investment worth of Rp601.3 trillion (US$28.26 billion) in the nine month of (9M) of 2019,...

Morning Briefing: Indonesia Release Investment Realization Today

JAKARTA (TheInsiderStories) - Good Morning! This noon Indonesian Investment Coordinating Board release the realization investment on third quarter of 2019. Last quarter, the agency reported...

Indonesian President Asks the Economic Ministers Create Breakthrough Programs

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo urged his economic ministers to create breakthrough programs in order to reduce the trade balance and current account deficit (CAD)....

Central Java’s Govt Offered Investment of US$6.12 Billion

JAKARTA (TheInsiderStories) - Central Java regional government will offer an investment worth of Rp86.34 trillion (US$6.12billion) to the investors, said the official on Wednesday...

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...

West Java Raises US$4.46B During Investment Summit

JAKARTA (TheInsiderStories) - West Java regional government raise new investment Rp63 trillion (US$4.46 billion) during the West Java Investment Summit 2019 since Oct.17 - 18,...

Brazilian Company, Vale Indonesia Invests US$5B to Build Smelter

JAKARTA (TheInsiderStories) - Brazilian company joined with nickel miner, PT Vale Indonesia Tbk (IDX: INCO) collaborating build smelter in the country Indonesia with an...

Nasution Sees Indonesian Economic Growth 5.1% in 2019

JAKARTA (TheInsiderStories) - Coordinating minister for economic affairs Darmin Nasution sees Indonesian economic growth will ended at 5.1 percent of gross domestic products (GDP)...

Indonesia’s StickEarn Raises US$5.5M Series A Funding led by East Ventures,...

JAKARTA (TheInsiderStories) — StickEarn, a leading Indonesian offline-to-online advertising technology company, has closed Series A round of funding of US$5.5 Million, said the management today (10/15)....

Indonesia Simplifies Fiscal Facilitaties to Drive Trade and Investment

JAKARTA (TheInsiderStories) - Indonesian government launched Single Submission for Fiscal Facility Services of Importing Goods Operations for upstream oil and gas and Gateway Online Delivery...

Sorong SEZ Officially Establishs, Will Attract New Investment US$2.30B

JAKARTA (TheInsiderStories) - Indonesian government officially inaugurated Sorong Special Economic Zone (SEZ) in West Papua Province, said the government today (10/11). The new SEZ...

Indonesia Needs Investment US$6B to Produce 1 Million Barrels Oil

JAKARTA (TheInsiderStories) - It took 10 years and funds of US$6 billion to pursue oil production of 1 million barrels oil per day (MBOPD), said...

10 Equity Crowd Funding Proposes Services License in Indonesia

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority (FSA) noted 10 equity crowd funding (ECF) license permit have been processed by the Financial Services Authority...

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, Singapore Agrees to Completes Investment Treaty Ratification

JAKARTA (TheInsiderStories) - A number of agreements were reached during the Annual Leaders Meeting between Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien...

Indonesia’s Waskita Raises Funds US$178M from Turnkey Projects

JAKARTA (TheInsiderStories) - State-owned developer, PT Waskita Karya Tbk (IDX WSKT) will receive payments from four turnkey projects that around Rp2.52 trillion (US$178.72 million), said...

Indonesia’s Pertamina, PLN Creates Power Business Unit

JAKARTA (TheInsiderStories) - State-owned companies, PT Pertamina and PT Perusahaan Listrik Negara (PLN) agreed to form a joint venture in the electricity business based on gas,...

US’ Pepsico Officially Left Indonesia

JAKARTA (TheInsiderStories) - One of the largest beverage manufacturers in the world, Pepsico has officially left Indonesia. Pepsico, Inc., will terminate the production contract...

Indonesia’s Telkomsel Unit Injects US$2M to PrivyID

JAKARTA (TheInsiderStories) - PT Telkomsel Mitra Inovasi (TMI), an investment arm of telco provider PT Telkom Indonesia Tbk (IDX: TLKM), has invested nearly US$2...

Indonesia Offers US$91B Maritime Projects in 2020

JAKARTA (TheInsiderStories) - The government is ready to offer projects in the maritime sector worth US$91.1 billion next year in order to support President...

Singapore’ Koh Brothers Build Precast Factory in Batam

JAKARTA (TheInsiderStories) - Singapore-based company Koh Brothers Group Ltd., prepares funds US$100 million to will build a precast concrete factory in Batam Island, Kontan...

Indonesia’s Pegadaian Prepares US$35M for FinTech Business

JAKARTA (TheInsiderStories) - Indonesian state-owned pawnshop, PT Pegadaian has budgeted Rp500 billion (US$35.46 million) to be invested in financial technology (FinTech) companies this year, the...

Indonesia Only Invests in Securities, says the Regulation

JAKARTA (TheInsiderStories) - Indonesian government issued new provisions regarding government investment through a presidential decree Number 63 of 2019. Based on the new rule, in...