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Bank Syariah Indonesia Targets Financing Growth 10% in 2021

JAKARTA (TheInsiderStories) - Islamic bank, PT Bank Syariah Indonesia Tbk (IDX: BRIS), targeting the financing growth around 10 percent in this year, said the management in...

South Korea: LG Consortium and SOEs Set Up Integrated Battery Investment

JAKARTA (TheInsiderStories) - South Korea' LG Battery consortium and PT Industri Baterai Indonesia has signed Heads of Agreement of the Integrated Battery Investment last week, said...

Indonesia: Pertamina Establishes New Sub-holding Shipping

JAKARTA (TheInsiderStories) - Energy holding company, PT Pertamina has establised a new sub-holding for shipping, PT Pertamina International Shipping by integrating assets and shipping business lines. Currently,...

Indonesia: 15 SOEs Go IPO, Get Capital Injection US$4.27M

JAKARTA (TheInsiderStories) - The Indonesian government will carry out various steps and policies for state-owned enterprises (SOEs), said the minister last week. One of his desire...

Indonesia: Government Transfers Indosat Shares to PPA

JAKARTA (TheInsiderStories) - Indonesian government transferred minority shares in the five state-owned enterprises (SOEs) with total values of Rp2.95 trillion (US$203.45 million) to PT Perusahaan Manajemen...

Indonesia: Bank Mandiri Loans Jumps 9.1% in 1Q 2021

JAKARTA (TheInsiderStories) - Total loans of state-owned lender, PT Bank Mandiri Tbk (IDX: BMRI) recorded Rp984.8 trillion (US$67.92 billion) in the first quarter of 2021 or grew 9.1...

Total Loans of Bank Negara Indonesia Grow 2.2% in 1Q of...

JAKARTA (TheInsiderStories) - State lender, PT Bank Negara Indonesia Tbk (IDX: BBNI) reported total loans grew 2.2 percent to Rp559.33 trillion (US$38.57 billion) in the first...

Hong Kong: Kings Rey Buys PTPP’s Toll Road Share for US$28M

JAKARTA (TheInsiderStories) -  After bought 30 percent Medan - Kualanamu shares from PT Waskita Toll Road, now Hong Kong firm, Kings Key Ltd., bough 15 percent shares...

Indonesia: Bank Mandiri Releases Green Bond US$300M, Offers Eurobond

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) in the process to releases Euro Medium Term Notes (EMTN)...

Indonesia’s Waskita Eyes New Contract US$4.5B from Foreign Market

JAKARTA (TheInsiderStories) - State construction firm, PT Waskita Karya Tbk (IDX: WSKT) eyes a new contract Rp71 trillion (US$4.49 billion) from foreign markets over the next...

Indonesia’s Krakatau Stell Forms Infrastructure Subholding

JAKARTA (TheInsiderStories) - State manufacturer, PT Krakatau Steel Tbk (IDX: KRAS) will form an infrastructure subholding consisting of energy supply, industrial water supply, ports and industrial...

Indonesia’s Timah Targeting Sell 31,000 Tones of Tins

JAKARTA (TheInsiderStories) - State miner, PT Timah Tbk (IDX: TINS) targeting to sell 31,000 tones of tins and process 30,000 tones of tin ore to becomes 34,000...

Bank Syariah Indonesia Targeting Loan Financing Grow 8%

JAKARTA (TheInsiderStories) - State lender, PT Bank Syariah Indonesia Tbk (IDX: BRIS) targeting the financing is projected to grow around 8 percent in this year, said...

Investor Gets US$78M Dividend from Semen Indonesia

JAKARTA (TheInsiderStories) - Shareholders of cement producer, PT Semen Indonesia Tbk (IDX: SMGR), agreed to share dividend 40 percent of last year profit amounting to Rp1.12...

Bank Negara Indonesia Hands Out Dividend US$56M

JAKARTA (TheInsiderStories) - State lender, PT Bank Negara Indonesia Tbk (IDX: BBNI) set the dividend pay out ratio 25 percent of 2020 equal to Rp812.5 billion...

Indonesia’s Pertamina Shuts Down Balongan After Fire

JAKARTA (TheInsiderStories) - Energy holding firm, PT Pertamina, has shut Balongan refinery, West Java, to prevent the spread of the fire after an accident on Monday...

Indonesia Battery Corporation Officially Established

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) ministry officially set up the Indonesia Battery Corporation, a joint venture company owned by PT Aneka Tambang Tbk (IDX:...

Telkom Indonesia to Spends US$2.5B in This Year

JAKARTA (TheInsiderStories) - Telco operator, PT Telkom Indonesia Tbk (IDX: TLKM) plans to spend around Rp35.9 trillion (US$2.49 billion) in this year to strengthen the network...

Indonesia’s Krakatau Steel HRC Production Rises to 3.9 MT Per Year

JAKARTA (TheInsiderStories) - PT Krakatau Steel Tbk (IDX: KRAS), a steel-maker owned by the government, to operates second hot strip mill in Cilegon, West Java,...

Bank Rakyat Indonesia Distributes Dividend US$833M

JAKARTA (TheInsiderStories) - The small and medium enterprises lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) will distribute total dividends of Rp12 trillion (US$833.33 million) or 65...

Bank Negara Indonesia to Releases Global Bond US$500M

JAKARTA (TheInsiderStories) - State lender, PT Bank Negara Indonesia Tbk (IDX: BBNI) plans to releases subordinated bond in US Dollar-denominated up to US$500 million. The...

Indonesia’s Pegadaian Offers Bond US$280M in April

JAKARTA (TheInsiderStories) - State financial firm, PT Pegadaian plans to releases two series of local and sharia bond as much as Rp4.04 trillion (US$280.56 million) in...

Revision: Indonesia’s Bank Mandiri Share Dividends US$713M

JAKARTA (TheInsiderStories) - The shareholders of state lender, PT Bank Mandiri Tbk (IDX: BMRI), approved the dividend pay out ratio 60 percent of 2020' net profit or...

Indonesia’s Bukit Asam Targets Sales 30.7MT of Coals in 2021

JAKARTA (TheInsiderStories) - The state miner, PT Bukit Asam Tbk (IDX: PTBA), targeting the sales volume around 30.7 million tones (MT) of coals in 2021 from...

GoJek Invests in LinkAja Through Series B Funding

JAKARTA (TheInsiderStories) - LinkAja, a financial technology applications owned by state-owned enterprises, announced a strategic investment from GoJek, a payment and on-demand service platform, part of...

SOEs Seeking Funds Through Indonesia Investment Authority

JAKARTA (TheInsiderStories) - State-owned enterprises (SOEs) are preparing billion-dollar projects to get fresh fund through Indonesia Investment Authority (INA). The energy holding, PT Pertamina, has prepared...

Indonesia’s PLN Prepares Funds US$5.5B to Expand the Business

JAKARTA (TheInsiderStories) - Power producer, PT Perusahaan Listrik Negara (PLN) allocated funds up to Rp78.9 trillion (US$5.52 billion) to build 3,132 megawatts (MW) of power plants,...

Widodo Transfer Indosat and Other SOEs Shares to PPA

JAKARTA (TheInsiderStories) - President Joko Widodo injected fresh capital into PT Perusahaan Pengelola Aset (PPA) by transferring shares of PT Indosat Ooredoo Tbk (IDX: ISAT), PT Bank...

Indonesia’s Pertamina Targeting PGE Becomes Holdco Geothemal Holding

JAKARTA (TheInsiderStories) - Oil and gas holding, PT Pertamina, prepared the unit, PT Pertamina Geothermal Energy, to become the leader of the geothermal holding will...

Indonesia to Forms Geothermal Holding in 2021

JAKARTA (TheInsiderStories) - The state own enterprises (SOEs) ministry is forming a holding of geothermal in 2021 and is estimating to become the largest company in the...
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