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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...

Pupuk Indonesia to Raises US$178M from Bond Market

JAKARTA (TheInsiderStories) - Fertilizer producer, PT Pupuk Indonesia optimistic to raises Rp2.5 trillion (US$178.57 million) from the domestic bond market, said the management last week. The notes...

Indonesia’s PTPP Ready to Sell Rupiah and Sharia Bond US$243M

JAKARTA (TheInsiderStories) - The construction firm, PT PP Tbk (IDX: PTPP), plans to offers local bond up to Rp4 trillion (US$142.86 million) in two years time...

Indonesia’s WIKA to Divests 15% of Belawan Container Terminal Shares

JAKARTA (TheInsiderStories) - The state contractor firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to divest 15 percent shares of Belawan Container Terminal in Medan,...

Thohir Set Up Food Holding for SOEs Lead by Rajawali Nusantara

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir, plans to set up food holding company lead by PT Rajawali Nusantara Indonesia, the official...

Bank Tabungan Negara Targets Net Profit US$200M in This Year

JAKARTA (TheInsiderStories) - State housing lender, PT Bank Tabungan Negara Tbk (IDX: BBTN) targeting the 2021' net profit to reached Rp2.8 trillion (US$200 million) from last...

Garuda Indonesia and Nordic Aviation Dispute Continues

JAKARTA (TheInsiderStories) - The dispute between the national carrier, PT Garuda Indonesia Tbk (IDX: GIAA), and Nordic Aviation Capital (NAC), a global aircraft leasing company,...

Garuda Indonesia Aborts Bombardier CRJ 1000 Leasing Contract

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir announced, the national flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA), plans to abort Bombardier CRJ-1000...

Indonesia’s Wijaya Karya to Issues Rupiah Bond US$214M

JAKARTA (TheInsiderStories) - State firm, PT Wijaya Karya Tbk (IDX: WIKA) to issuer domestic bond and SUKUK up to Rp3 trillion (US$214.29 million) to pay the...

Indonesia’s Pertamina to Import 118 Million Barrels of Fuel in 2021

JAKARTA (TheInsiderStories) - Fuel import of Indonesian energy holding firm, PT Pertamina, to rises by 36.25 percent from 86.9 million barrels of oil to 118.4 million...

Bank Rakyat Indonesia Merges with Pegadaian and PNM

JAKARTA (TheInsiderStories) - Indonesia plans to set up ultra micro holding company  (Holding UMi) lead by state lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI),...

Indonesia Prepares 12 SOEs to Go IPO Until 2023

JAKARTA (TheInsiderStories) - The state-owned enterprises (SOEs) ministry prepared 12 companies, subsidiaries, and grandchild to list the shares (IPO) on the Indonesia Stock Exchange starting this...

Pupuk Indonesia Offers Rupiah Bond US$178M

JAKARTA (TheInsiderStories) - The producer of fertilizer, PT Pupuk Indonesia offered the domestic bond up to Rp2.5 trillion (US$178.57 million) for debt refinancing, Fitch Ratings reported...

Indonesia’s PLN to Build 600MW Solar Plant in Remote Areas

JAKARTA (TheInsiderStories) - Power producer, PT Perusahaan Listrik Negara (PLN) aims to build solar power plant up to 600 megawatts (MW) in the remote areas across...

Indonesia’s Pertamina Raises US$1.9B from Global Bond Market

JAKARTA (TheInsiderStories) - PT Pertamina, a government-owned energy firm has raised US$1.9 billion from the issuance of yankee bonds, said the source close to the deal....

Indonesia Offers Various SOEs Assets to the Global Investors

JAKARTA (TheInsiderStories) - Various state-owned enterprises shares will offer to the global investors through Indonesia Investment Authority (INA), said the government official on Wednesday (02/03)....

Bank Syariah Indonesia to Releases New Shares Through INA

JAKARTA (TheInsiderStories) - Deputy minister for state own enterprises (SOEs), Kartika Wirjoatmodjo, said foreign investors has a chance to invests in PT Bank Syariah Indonesia Tbk...

Indonesia’s Bank Tabungan Negara Eyes Insurance and VC Firm

JAKARTA (TheInsiderStories) - State lender focused on housing loans, PT Bank Tabungan Negara Tbk (IDX: BBTN) eyes insurance and venture capital firms to support its...

Bank Rakyat Indonesia Aborts Bond Issuance, Profit Fell 46%

JAKARTA (TheInsiderStories) - State lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) aborted the bond issuance caused the current liquidity enough to support the loan...

Indonesia’s Krakatau Steel Wants Two Units Go IPO in 2021

JAKARTA (TheInsiderStories) - PT Krakatau Tirta Industri (KTI), the unit of steel-maker, PT Krakatau Steel Tbk (IDX: KRAS), plans to list its shares in this year,...

Indonesia’s Bank Mandiri to Releases Global Bond US$750M

JAKARTA (TheInsiderStories) - State-owned lender, PT Bank Mandiri Tbk (IDX: BMRI) plans to releases global bonds around US$750 million in this year, said the CEO on...

Indonesia’s Jasa Marga Prepares US$553M for Business Expansions

JAKARTA (TheInsiderStories) - The toll road manager, PT Jasa Marga Tbk (IDX: JSMR), is preparing a capital expenditure around Rp7.75 trillion (US$553.57 million) in this...

Perusahaan Gas Negara to Distributes 912 BBTUD of Gas in This...

JAKARTA (TheInsiderStories) - State firm, PT Perusahaan Gas Negara Tbk (IDX: PGAS) targeting to distributes natural gas 912 billion British Thermal Units per day (BBTUD) in...

Various Strategy Prepares in Indonesia Investment Authority

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati, said the Indonesia Investment Authority (INA) will form a master, sub Fund and a joint venture company...

Indonesia’s PP Injects PP Properti US$114M for Debt Refinancing

JAKARTA (TheInsiderStories) - Publicly listed firm, PT PP Tbk (IDX: PTPP), provided loan injection to its subsidiary, PT PP Properti Tbk (IDX: PPRO) with total amount of...

Indonesia’s Waskita Karya Needs US$1.4B to Build Toll Roads

JAKARTA (TheInsiderStories) - The state-owned firm, PT Waskita Karya Tbk (IDX: WSKT) need funds up to Rp20 trillion (US$1.43 billion) to complete the construction a number...

Telkom Indonesia to Launches New 5G Platform

JAKARTA (TheInsiderStories) - CEO of telco operator, PT Telkom Indonesia Tbk (IDX: TLKM), Ririek Adriansyah, said would soon release a number of new platform to...

Pertamina Faces Lawsuit After Aborted LNG Sales to Mozambique

JAKARTA (TheInsiderStories) - The energy holding company, PT Pertamina, faced a lawsuit after aborted the sale and purchase of liquefied natural gas (LNG) with Mozambique worth...

Indonesia’s PLN Needs 400 TBTU of Natural Gas in This Year

JAKARTA (TheInsiderStories) - Power producer, PT Perusahaan Listrik Negara (PLN), needs more than 400 trillion British Thermal Unit (TBTU) of liquefied natural gas (LNG) in this...

Indonesia Injects SOE’s Shares and Cash US$4.25 in SWF

JAKARTA (TheInsiderStories) - The state government pledged state-owned enterprises (SOEs) shares of Rp50 trillion (US$3.55 billion) at the Indonesia Investment Authority, said President Joko Widodo last...
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