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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...

World Bank Give Loans US$150M for Indonesia’s Geothermal Project

JAKARTA (TheInsiderStories) – World Bank approved a US$150 million loan for Indonesia to scale up investments in geothermal energy by reducing the risks of early-stage...

ADB Revises Indonesia’s Economic Outlook 5.1% in This Year, 5.2% in...

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) revises its economic outlook for Indonesia, with growth to slightly moderate at 5.1 percent this year from a...

Indonesia’s Chandra Asri Allocates Capex US$294M in 2020

JAKARTA (TheInsiderStories) - PT Chandra Asri Petrochemical Tbk (IDX: TPIA), a chemical producer based in Indonesia, has allocated capital expenditure (capex) US$294 million in...

Jakarta – Surabaya Semi-Fast Train Start to Build

JAKARTA (TheInsiderStories) - The Jakarta - Surabaya semi-fast train project has officially begun after Indonesian government and Japan International Cooperation Agency (JICA) signed the 'Summary Record...

BRI Ventures Prepares US$250M to Develop FinTech Businisses

JAKARTA (TheInsiderStories) - State-own lender PT BanK Rakyat Indonesia Tbk (IDX: BBRI) investment company arms, PT BRI Ventures Investama prepared US$250 million funds to develop financial...

Weekly Briefing: Global Eyes on Annual Meeting of UN, US-China Meeting,...

JAKARTA (TheInsiderStories) - Good Morning! This week global leaders gathered in New York to attend Annual Meeting United Nation (UN). Vice President of Indonesia, Jusuf Kalla...

Indonesia Targets Export from Bonded Zones Up 30%

JAKARTA (TheInsiderStories) - Indonesia ’finance ministry targets exports from bonded zones to grow around 30 percent with worth US$61.26 billion in 2021 and attract new...

Government Invites US’s Firms Move to Indonesia from China

JAKARTA (TheInsiderStories) - The government is trying to invited United States (US) companies relocated their factories from China to Indonesia, said the senior official...

Indonesia’s Sarana Menara Shares Trade US$32.53M

JAKARTA (TheInsiderStories) - Indonesian tower provider, PT Sarana Menara Nusantara Tbk (IDX: TOWR) stock occurred in the negotiating market on Thursday (09/12) with total value...