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Indonesia Wins Two-Working Areas Auction US$116.7M

JAKARTA (TheInsiderStories) – Indonesian Ministry of Energy and Mineral Resources (MEMR) announces Kufpec Ventures (Indonesia) Ltd. and Sonoro Energy Ltd-PT Menara Global Energi consortium as...

Indonesia, South Korea Raises the Funding Commitment

JAKARTA (TheInsiderStories) – Responding to the request of the Indonesian National Development Planning Board, Korean Eximbank intends to provide untied soft loans under the...

Indonesia Offers Land Transportation Projects US$77M

JAKARTA (TheInsiderStories) - Ministry of Transportation (MoT) and Investment Coordinating Board (ICB) offered two types of land transportation projects namely terminals type A and...

Indonesia Posted Investment Realization US$13.73B in 1Q 2019

JAKARTA (TheInsiderStories)—The Indonesian Investment Coordinating Board reported that the country recorded realization investment Rp 195 trillion (US$13.73 billion) in the first quarter (1Q) of...

ADB Finances Jawa-1 Power Plant Power Plant in Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than US$305 million invested...

Insight: Downstream Projects for Mining Still Stagnant in the Widodo’s Term

JAKARTA (TheInsiderStories) – During Indonesian President Joko Widodo' term, the development of the downstream for mining sectors still stagnant. Even though this sector can provide...

Indonesia Asks China to Increase Palm Oil, Fruit Imports

JAKARTA (TheInsiderStories) – Indonesia hopes that China can immediately realize its commitment to increase palm oil imports from Indonesia. In addition, the government hopes...

Morning Briefing: BI to Announces Monetary Policy, BRI Summit Begins

JAKARTA (TheInsiderStories) — Good morning! Today, Indonesian central bank (BI) will announce its monetary stance amid the global economic challenges. Last March, BI maintained...

Morning Briefing: Indonesia Aims The Economy Grow 5.3 – 5.6 in...

JAKARTA (TheInsiderStories) — Good morning! Indonesia' Finance Minister Sri Mulyani Indrawati regarded that Indonesia’ economy is estimated to grow by 5.3 to 5.6 percent...

Number of Companies Eyes Indonesian Oil, Gas Blocks

JAKARTA (TheInsiderStories) - Indonesian Energy and Mineral Resources (EMR) ministry announced 18 local and foreign companies accessing the bidding documents for oil and gas working...

China Promises Equal Treatment to EU Companies

JAKARTA (TheInsiderStories) - Chinese government made a new breakthrough with no longer force European companies (EU) companies operating in China and said was ready to...

Indonesian MedcoEnergy Hopes Ophir Transaction Closed in 2Q

JAKARTA (TheInsiderSrories) - Indonesian investment company, PT Medco Energi Internasional Tbk (IDX: MEDC) targeting the acquisition of Ophir Energy to be completed in the second quarter...

Indonesia, South Korea to Revives CEPA, Eyes US$30B Trade

JAKARTA (TheInsiderStories) — Indonesia and South Korea are going to revive its Comprehensive Economic Partnership Agreement (CEPA), after four years stopping. Both countries target...

ADB: Indonesia’s Economic Grow Slightly by 5.2-5.3% in 2019-2020

JAKARTA (TheInsiderStories) – The Asian Development Bank (ADB) estimates that Indonesian economy will grow by 5.2 percent this year and 5.3 percent by 2020 triggered...

India’s OYO Hotels to Invest US$100M in Indonesia

JAKARTA (TheInsiderStories) – An Indian hotel chain, OYO Hotels and Homes, plans to increase its investment by more than US$100 million for the next...

Bayer Export of US$277M Health, Agriculture Products from Indonesia

JAKARTA (TheInsiderStories) – An Indonesian health and agricultural producer, PT Bayer Indonesia has export products to Europe with a total value Rp3.9 trillion (US$276.60...

Indonesia, China Sets US$91.9B for Belt & Road Projects

JAKARTA (TheInsiderStories) – Indonesia and China will execute an investment plan worth US$91.1 billion for 28 national projects under the framework of the Belt...

Indonesia’s Mobilkamu Secures Series A Investment from East Ventures, Others

JAKARTA (TheInsiderStories) - Mobilkamu, Indonesia’ online platform for new car buying, has secured an undisclosed amount of Series A investment led by East Ventures,...

Five Indonesia’s Mineral Firms Carry Out Divestment in 2019-2020

JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) ministry said there are five mineral companies that will carry out the divestment in 2019 - 2020....

Indonesia’s Bukit Asam to Invest US$464.28 M this Year

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) budgeted Rp6.5 trillion or US$464.28 million for investment in 2019. This value...

Indonesia’s Adaro Prepares Funds US$600M to Support Business

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Adaro Energy Tbk (IDX: ADRO) prepared capital expenditure up to US$600 million for this year, said the company...

US’s KKR Sold Japfa Comfeed Indonesia Shares for US$60.5M

JAKARTA (TheInsiderStories) - KKR Jade Investments Pte. Ltd., a private investment company based in United States (US) sold 385 million shares of PT Japfa Comfeed Indonesia Tbk...

Indonesia’s Halodoc Raises US$65M Funding Led by UOB Venture

JAKARTA (TheInsiderStories)- Halodoc, Indonesia’ leading healthcare platform, raised US$65 million in Series B funding from UOB Venture Management Private Ltd., existing and new investors, the...

Indonesia’s Pertamina, Petronas Agrees to Synergize Business

JAKARTA (TheInsiderStories) - Indonesian energy producer PT Pertamina and Malaysian Petroliam Nasional Berhad (Petronas) agreed to work together in developing the oil and gas business and...

CMS: Belt and Road Initiative to Rises in the Future

JAKARTA (TheInsiderStories) – Most of China and international investors regard political risk as the biggest barrier to investment and pose the biggest challenges for...

South Korea’s Hyundai, Grab Wants to Develop Electric Vehicles in Indonesia

JAKARTA (TheInsiderStories) – The government continues to open investment taps for foreign companies that want to invest in Indonesia. One of them is by...

Indonesia May Need US$2.1B to Cut Oil and Gas Deficit: Studies

JAKARTA (TheInsiderStories) – Indonesia will start facing oil and gas deficit in 2025, according to studies. The deficit is predicted to hit its peak...

Insight: Indonesia’s Aggressives to Magnet Investment

JAKARTA (TheInsiderStories) – The disappointing realization of investment in 2018 doesn’t make Indonesian government pessimistic for 2019’ targets. This year, Indonesia expects to accelerate the...

Indonesia’ Manufacturing Sector Rises 4.07% in 2018

JAKARTA (TheInsiderStories) – Indonesia' manufacturing sector rose by 4.07 percent in 2018 against the previous year released by the Indonesia Statistics in Jakarta on Friday (02/01)....

Indonesia’s Fore Coffee Raised US$8.5M Funding from Investors

JAKARTA (TheInsiderStories) – An Indonesian on-demand specialty coffee startup Fore Coffee raised US$8.5 million funding from investors, said the company today (01/31). The fresh fund...