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Thohir Encourages SOEs to Issue Global Bonds

JAKARTA (TheInsiderStories) - Minister of State Own Enterprises (SOEs), Erick Thohir, urged a number of largest state firms to issue global bonds in order to...

Indonesia’s Timah Slices the Production up to 30% per Month

JAKARTA (TheInsiderStories) - The world’ second-largest tin producer, PT Timah Tbk (IDX: TINS), plans to cut its capacity production up to 30 percent a month...

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...

Indonesia’s Pertamina Prepares Investment US$7.8B in 2020

JAKARTA (TheInsiderStories) - Indonesian largest oil and gas producer, PT Pertamina, prepared an investment US$7.8 billion in 2020 to continue aggressively drilling wells, said the CEO...

SOEs Minister to Form Sub-Holding of Financial Company

JAKARTA (TheInsiderStories) - Minister of State Own Enterprises (SOEs), Erick Thohir, plans to synergizes three companies that has similar business in small medium enterprises. The planned...

Indonesia’s SWF Body Regulates in Omnibus Law Job Creation

JAKARTA (TheInsiderStories) - The form of Sovereign Wealth Fund (SWF) body regulated at the Omnibus Law for Job Creation, it showed at the draft bill...

Soon, Indonesia Bahana Becomes an Insurance Holding Company

JAKARTA (TheInsiderStories) - Indonesian government set up PT Bahana Pembinaan Usaha Indonesia (BPUI) as the holding company (holdco) of insurance companies, said the one official...

Indonesia’s SOEs Ministry Creates 15 Clusters to Streamline Companies Number

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir, plans to create a number of clusters to streamline the number of the companies under his ministry....

Indonesia’s Krakatau Steel Savings Interest Cost US$466M from Debt Restructuring

JAKARTA (TheInsiderStories) -  Indonesian steel producer, PT Krakatau Steel Tbk (IDX: KRAS) saving interest costs US$466 million after completed the debt restructuring with total amount $2.2 billion, said...

Thohir Picks Irfan Setiaputra to Lead Garuda Indonesia

JAKARTA (TheInsiderStories) - State Own minister, Erick Thohir, picked Irfan Setiaputra become a CEO of PT Garuda Indonesia Tbk (IDX: GIAA) to replace Ari Askhara....

Indonesia’s Bukit Asam Eyes Coal Production 30MT of Coal in 2020

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) targeting the coal production could reached 30 million tons (MT) in 2020,...

Indonesian Govt Appoints Zulkifli Zaini to Lead PLN

JAKARTA (TheInsiderStories) - The government picked Zulkifli Zaini as the new CEO of state-owned power producer, PT Perusahaan Listrik Negara (PLN) at the today'...

Indonesia’s PTPP to Spends US$534M in 2020

JAKARTA (TheInsiderStories) - Indonesian developer, PT PP Tbk (IDX: PTPP) ready to spends Rp7.5 trillion (US$535.71 million) next year, said the management on Tuesday...

Indonesia’s PTPP Seeks Fresh Funds US$89M from Bond Market

JAKARTA (TheInsiderStories) - Indonesian contractor, PT PP Tbk (IDX: PTPP) seeks fresh funds from bond market by issuing local notes Rp1.25 trillion (US$89.28 million),...

Famous Names in Indonesia will Lead Major SOEs

JAKARTA (TheInsiderStories) - Several famous names will lead major state own enterprises (SOEs), sources told TheInsiderStories recently. As reported, several big companies leader has...

Kereta Api Indonesia Offers Local Bonds US$142M

JAKARTA (TheInsiderStories) - PT Kereta Api Indonesia (KAI), a state-owned train operator, offered local bonds worth of Rp2 trillion (US$142.85 million) to investors today...

Indonesian Govt to Merges Sharia Business of Two State Banks

JAKARTA (TheInsiderStories) - The State Own Enterprises (SOEs) ministry will merge the sharia Unit of PT Bank Tabungan Negara Tbk (IDX: BBTN) with PT...

Bank Rakyat Indonesia Issues Rupiah Bond US$354M

JAKARTA (TheInsiderStories) - PT Bank Rakyat Indonesia Tbk (IDX: BBRI) plans to issue local bonds Rp5 trillion (US$354.61 million) in November, said the corporation in Jakarta,...

LinkAja Will Focus into Public Service Markets to Avoid Discount Wars...

JAKARTA (TheInsiderStories) – LinkAja, an electronic payment service provider, will focus on public service markets, mainly in public transportation, toll roads as well as...

IDX: Potential Corporate Bond Issuances US$1.6B

JAKARTA (TheInsiderStories) - Indonesian Stock Exchange (IDX) reported there is potential corporate bond issuances Rp22.9 trillion or US$1.62 billion in the coming months, majority...

Corporate Bond Issuances US$3.26B in Mid September

JAKARTA (TheInsiderStories) - Indonesian rating company, PT Pemeringkat Efek Indonesia (Pefindo) noted, the mandate for the issuance of corporate bonds until mid September worth...

118 Issuers Potential to Issue Commercial Bonds in IDX

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) noted at least 118 issuers have the potential to issue commercial bonds, the director told media on...

Swiss’s Stadler Rail, INKA, KAI Build Rolling Stock Plant in Indonesia

JAKARTA (TheInsiderStories) - PT Industri Kereta Api (INKA) and PT Kereta Api Indonesia (KAI) together with Swiss' company train manufacturer Stadler Rail AG has form...

Indonesian SOEs Eyes Mineral Projects in Madagascar

JAKARTA (TheInsiderStories) - Indonesia state own enterprises (SOEs), miner PT Timah Tbk (IDX: TINS) and PT Industri Kereta Api (INKA) plans to invest in...

Potential Bond Issuances in Indonesia During 4Q 2019

JAKARTA (TheInsiderSTories)- Several public listed companies considered to issue local bonds in the fourth quarter (4Q) of 2019. Some of them are state-owned companies. PT...

Indonesia’s PTPP Builds Two Steam Power Plants US$567M

JAKARTA (TheInsiderStories) - Indonesia' construction firm, PT PP Tbk (IDX: PTPP) signed a contract to build two steam power plants in East Nusa Tenggara...

Indonesia’s Waskita Seeks US$246M from Bond Issuances

Jakarta (TheInsiderStories) - State-owned construction firm, PT Waskita Karya Tbk (IDX: WSKT) planned to release local bond worth of Rp3.5 trillion (US$246.47 million), said the...

Indonesia’s Bahana Leads State-Owned Insurance Holding

Jakarta (TheInsiderStories) - Ministry of State Own Enterprises (SOEs) has picked PT Bahana Pembinaan Usaha Indonesia (BPUI) to lead an insurance holding company, the...

Indonesia’s ANTAM to Export 1.2MT Nickel Ore, Extend Gold Mining License

Jakarta (TheInsiderStories) - PT Aneka Tambang Tbk (IDX: ANTM), a state-owned miner targeting to export 1.2 million wet metric ton (wmt) of nickel ore...

Indonesia’s Krakatau Steel Rights Issue to Refinance Debt

JAKARTA (TheInsiderStories) - In the midst of mounting debt, Indonesian state-owned steel producer, PT Krakatau Steel Tbk (IDX: KRAS), plans to increase capital through...