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Indonesia Prepares Omnibus Law for Financial Sectors

JAKARTA (TheInsiderStories) - The Ministry of finance (MoF) prepared omnibus law for the financial sectors to strengthening the industry, the draft showed. The program is part of...

Morning Briefing: White House Avoiding the Government Shutdown

JAKARTA (TheInsiderStories) - The White House expects United States' (US) Congress to approve the legislation needed to avoid a government shutdown at the end of September,...

Morning Briefing: Indonesia to Revises Central Bank Law

JAKARTA (TheInsiderStories) - Good Morning! Indonesian President Joko Widodo may continue to seek the central bank’ help in financing the state budget deficit until 2022, if...

IMF: US’s Economy has the Potentials to Contract 6.5% in 2020

JAKARTA (TheInsiderStories) - The economic outlook in United States (US) has shifted dramatically with the rapid spread of COVID-19, said the International Monetary Fund (IMF) in...

Saudi Arabia Raises Import Duty of 575 Indonesian Products

JAKARTA (TheInsiderStories) - General authority of Saudi Arabia raised import duty on 575 of Indonesian products, said trade ministry on Monday (06/22). The trade partner...

Indonesia Integrates Jakarta-Bandung-Surabaya Fast Train Projects

JAKARTA (TheInsiderStories) - In a limited meeting related to the National Strategic Project (NSP), President Joko Widodo decided to integrated the construction of the...

Indonesia Prepares “Exit Strategy” to Maintain the GDP

JAKARTA (TheInsiderStories) - The impact of COVID-19 colored the Indonesian economy faster than expected, said the government officials. Today, Statistic Indonesia has reported that...

Morning Briefing: Indonesia Explores Cooperation with Iran

JAKARTA (TheInsiderStories) - Good Morning! President Joko Widodo and President Hassan Rouhan of Iran have a phone call on Monday discussed the relations between the two countries....

Chinese Economy Fall Off to Lowest Level Since 1992

JAKARTA (TheInsiderStories) - Chinese economy fall off to 6.8 percent in the first quarter (1Q) of 2010 due to COVID-19 crisis, the lowest level since 1992,...

Terawan Allows Jakarta “Lock” the City to Tackle COVID-19

JAKARTA (TheInsiderStories) - Indonesia' minister of Health Dr. Terawan Agus Putranto allowed Jakarta province to "lock" the city for temporary to tackle the COVID-19 outbreak. The...

Morning Briefing: Foreign Tourists Number Drops 30% in February

JAKARTA (TheInsiderStories) - Good Morning! Number of foreign tourists in Indonesia declined sharply due to the COVID-19 outbreak. The statistic bureau reported the number of arrivals...

Indonesia Regulates Digital Tax for Global Tech Companies

JAKARTA (TheInsiderStories) - Indonesian government regulates the digital tax for global technology companies lieu of law Number 1 Year 2020 concerning Financial Policy in To Deal with...

G20 Leaders Agrees to Inject US$5T into Global Economy

JAKARTA (TheInsiderStories) - Group of 20 (G20) leaders agreed to inject US$5 trillion into global economy, it said in a joint statement released today (03/26). The virtual...

Indonesia Delays the Submission of Coal Producer Work Plan in 2020

JAKARTA (TheInsiderStories) - Indonesia delays the submission of Work Plan and Budget for coal producers to be submitted after the first quarter of this year. This...

Indonesia Relaxes Medical Devices Import Procedures

JAKARTA (TheInsiderStories) - Indonesian government relaxed the importation of medical devices and personal protection to helps the COVID-19 handling in the archipelago, said trade minister on...

Indonesia’s FSA Urges the Bank Consolidation

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) encourages the banking consolidation to create a strong banking structure, expand the business scale and increase competitiveness...

Weekly Briefing: Market Stress Needs More Confidence

JAKARTA (TheInsiderStories) - Good Morning! With the global economy facing recession and markets showing increased signs of stress, flash purchasing manager index (PMI) surveys will...

Investors, Issuers Efforts to Help Indonesian Market Useless

JAKARTA (TheInsiderStories) - The impact of the spread of COVID-19 has affected various aspects of life, including the economy, the corporate income and investment. The bearish...

Indonesian Market Down, Investors Needs More Confidence

JAKARTA (TheInsiderStories) - For the second time, Indonesia Stock Exchange (IDX) halt the stock market trading after the Jakarta Composite Index (JCI) plunge 5.11 percent to 4,645.77...

Breaking: IDX Halt Stocks Market Trading After JCI Down 5%

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) halt the stocks market trading after the Jakarta Composite Index (JCI) down 5 percent to 4,895.75. The price...

Indonesia Simplifies Renewable-based Power Plant Regulation

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) minister, Arifin Tasrif, has signed the second amendment of ministerial regulation Number 50 of 2017 concerning...

Coronavirus: Can Policymakers Avert a Trillion-dollar Crisis?

JAKARTA (TheInsiderStories) - The spread of the coronavirus is first and foremost a public health emergency, but its also a significant economic threat. The COVID-19 shock...

Economic Stimulus Gives “Energy” to the Financial Market

JAKARTA (TheInsiderStories) - After global major indices slumped in the beginning of the week, the governments created various economic stimulus to helped their economy. The...

In Indonesia, 12 SOEs Prepares US$500M for Buyback Shares

JAKARTA (TheInsiderStories) - The state own enterprises (SOE) ministry ordered 12 state firms to buyback shares to curb the stock market falling further, local media reported...

IDX Regulates Auto Rejection Limits to Curb the Stock Market

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) changed the auto rejection limitation starting today to curb the local stock market from coronavirus outbreak and oil price war....

Morning Briefing: Global Market Plunge for the Worst Since 2018’s World...

JAKARTA (TheInsiderStories) - Good Morning! Global shares plunge amid brutal selling by investor and headed for the worst week since the world financial crisis in 2019....

US Removes Indonesia from Developing Countries Lists

JAKARTA (TheInsiderStories) - The United States Trade Representative (USTR) decided Indonesia is no longer in the list of developing country. The new policy has...

Morning Briefing: Indonesia Oversees the Inflation Target

JAKARTA (TheInsiderStories) - Good Morning! To keep inflation remaining within the target range of 3.0±1 percent, the government and Bank Indonesia (BI) agreed to maintaining volatile...

Widodo Wants Indonesia’s Ease Doing of Business Rank Rises to 40

JAKARTA (TheInsiderStories) - President Joko Widodo wants Indonesia' ease of doing business (EoDB) ranking rise from 73 to 40 position in 2019. To Reach the target,...

BI Has Spends US$1.8B to Stabilize Rupiah, Bond Price

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI), Perry Warjiyo, said the central bank has bought nearly to Rp25 trillion (US$1.79 billion) of government...