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China’s Sinopec, Perusahaan Gas Negara Signs LNG Purchase Deal

JAKARTA (TheInsiderStories) - Indonesia's gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) signed a purchase agreement to sell liquefied natural gas...

Indonesia’s PTPP Prepares US$57M to Acquires Krakatau Steel’s Unit

JAKARTA (TheInsiderStories) - Indonesia’ construction firm, PT PP Tbk (IDX: PTPP) prepares Rp800 billion (US$56.73 million) to acquire PT Krakatau Tirta Industri (KTI), unit of PT...

Indonesia’s Perusahaan Gas Negara Acquires Pertagas for US$1.39B

JAKARTA (TheInsiderStories) – Indonesia' gas producer, PT Perusahaan Gas Negara Tbk (IDX: PGAS) acquired PT Pertamina Gas (Pertagas) for Rp20.18 trillion (US$1.14 billion). The...

Moody’s downgrades Saka Energi to Ba2; outlook negative

JAKARTA (TheInsiderStories) -- Moody's Investors Service has downgraded to Ba2 from Ba1 the corporate family rating (CFR) of Saka Energi Indonesia (P.T.) and the rating...

Oil Price Predicted to Remain Stable Next Year

JAKARTA (TheInsiderStories) - Research and consultant company, Wood Mackenzie predicted stable crude oil price for the next 18 to 24 months. The stagnant price...

Indonesia’s Govt Shakes Up Pertamina Management Again

JAKARTA (TheInsiderStories) - Indonesian Government through State Owned Enterprises (SOEs) has shaken up again the management of Energy producer PT Pertamina through the extraordinary shareholders...

JIIPE Will Attract US$6 Billion in New Investment

JAKARTA (TheInsiderStories) - President Joko Widodo is confident that the Java Integrated Industrial Ports and Estate (JIIPE) will attract investments valued up to Rp83.2 trillion (US$6.07...