Former Jakarta’s Governor Basuki TJahaja Purnama Releases

JAKARTA (TheInsiderStories) – After undergoing a two-year tenure in jail, today (01/24) morning, the former Governor of Jakarta, Basuki Tjahaja Purnama (52 years), was officially released. His release received tremendous response from his supporters throughout Indonesia. After leaving the prison, he was picked up by his eldest...

Morning Briefing: Ba’asyir Liberation Unclear

JAKARTA (TheInsiderStories) — Good morning! President Joko Widodo sent unclear message on the liberation of cleric Abubakar Ba'asyir after get critics from the society. Last week the Indonesian leader said to release the kingpin terrorist for humanitarian reasons. Yesterday, head of the Presidential Staff Moeldoko...

Morning Briefing: US President Plans to Reopen the Government

JAKARTA (TheInsiderStories) — Good morning! United States (US) President Donald Trump considered to re-open his government after a historic long shutdown in his country. Now, Trump working with US' Congress to find a solution to reopen the government and secure the border. The negotiation team...

Insight: President Widodo’s Legal Blunder amid Ba’asyir Chaotic

JAKARTA (TheInsiderStories) – A day after the first round of the 2019 Presidential Election debate on Thursday (01/17), the public was shocked by the discourse about release of the convicted terrorist kingpin Abu Bakar Ba'asyir. In fact, at that night's debate the two partners clashed...

Despite Recent Market Turmoil, Global Recession Unlikely in 2019, IHS Markit Says

Davos (TheInsiderStories) – In spite of recent shocks in financial markets, the global economy will continue to expand at a modest rate in 2019, according to new analysis released today (01/21) at the World Economic Forum in Davos by IHS Markit (Nasdaq: INFO). “A ‘perfect storm’ shook...

Morning Briefing: Indonesia Reviews Ba’asyir’s Release After Being Criticized

JAKARTA (TheInsiderStories) - Indonesian government reviewed Abubakar Ba'asyir' release plan after being criticized by many parties, including the Australian government. Last week President Joko Widodo announced to released the kingpin terrorism for humanitarian reasons. Yesterday, the Australian Government expressed a firm attitude towards the discourse of Ba’asyir liberation...

Indonesia’s President Widodo Agrees the Liberation of Ba’asyir

JAKARTA (TheInsiderStories) – President Joko Widodo officially fulfilled the request for the liberation of national terrorism kingpin Abubakar Ba’asyir (81 years). He said, the redemption of the Indonesian Mujahidin Council Chairman was purely for humanitarian and health reasons. "Yes, the first is indeed a humanitarian...

Weekly Briefing: Bank Indonesia Claims Low Inflation in January

JAKARTA (TheInsiderStories) — Good morning! Indonesia keeps maintaining its inflation rate in this early 2019. According to Bank Indonesia' (BI) third week price monitoring survey result, January 2019’s inflation is estimated to be at around 0.5 percent month-on-month. While, annual inflation is projected at...

Malaysia’s Grab Create Digital Insurance Marketplace in SEA

JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060), to develop digital insurance marketplace in the Southeast Asia (SEA). Both companies will also partnering with global insurance to design variety...

Insight: Expecting China’s Lower Borrowing Costs Impact on Indonesian Economy

JAKARTA (TheInsiderStories) — The bamboo curtain country is on its path to relieve the economic slowdown. China’ central bank took action by distributing RMB1.14 trillion (US$169 billion) into several banks this week, and created a lower borrowing cost. The step was taken to provide funding...

First Debate: Different Promises, Both Camp Not Explores the Issues

JAKARTA (TheInsiderStories) – The Presidential candidate Joko Widodo - Ma'ruf Amin has offered optimism and fair for the Indonesia future. While, Prabowo Subianto - Sandiaga Salahuddin Uno won the sympathy of the people by humming “Indonesia Wins”. This was conveyed by both partners in the...

Morning Briefing: First Debate, Subianto-Uno Look More Confident Than Widodo-Amin

JAKARTA (TheInsiderStories) — Good morning! Indonesia will face Presidential Election in the next three months. Last night, two presidential candidates showed their capability in law, human rights, terrorism, and corruption. Duet Prabowo Subianto - Sandiaga Salahuddin Uno looked more confident compared to the Joko Widodo...

Insight: Its Expected, Presidential Election Debate Impacts to the Society

JAKARTA (TheInsiderStories) – As a democratic country, the debate should not only be ceremonial and conditional, but must provide epistemic effects on political education and democratic life. It means, the strength of the argumentation and presentation of vision and mission in the debate can...

Morning Briefing: First Presidential Candidate Debate Begins Today

JAKARTA (TheInsiderStories) — Good morning! Hundred millions of Indonesians are expected to tune in for the first presidential candidates debate today. Both pair, Joko Widodo - Ma'ruf Amin and Prabowo Subianto - Sandiaga Uno will arguing on terrorism, human rights, legal affairs and corruption. The...

Insight: Need New Policies to Improves Indonesian Transportation System

JAKARTA (TheInsiderStories) – Welcome the beginning of 2019, Indonesian airlines sector is shocked by the issue of rising domestic flight fare and baggage fees policy. The unilateral determination not only troubles the public using air transport services, but also becomes a boomerang for the...

Morning Briefing: An Uphill Battle of Indonesia’s Foreign Debt

JAKARTA (TheInsiderStories) — Good morning! Indonesia kept climbing on the foreign debt lane. An official statement mentioned that the nation holds US$372.9 billion foreign debt in November 2018, hiked by 7 percent compared to the same period in the prior year. The spike was contributed...

Insight: Subianto – Uno Visions for Indonesia

JAKARTA (TheInsiderStories) – Indonesia President and Vice President candidate' Prabowo Subianto and Sandiaga Salahuddin Uno promised to sets and strengthen the personality and dignity of the nation towards Indonesia Wins, if elected in the April Presidential Election. During his national address in the front of...

Indonesia Trade Deficit US$8.57B in 2018, the Worst in Four Decades

JAKARTA (TheInsiderStories) - Indonesia recorded US$8.57 billion trade deficit in 2018, the worst in more than 4 decades. Statistic Central Agency Chief Suhariyanto said, Indonesia’s historical worst trade balance was in 1975 with $391 deficit. During 2018, Indonesia’s export was $180.06 billion, grew single-digit at...

Morning Briefing: Lion Air Handed Over CVR to NTSC

JAKARTA (TheInsiderStories) — Good Morning! Lion Air Group officially handed over the Cockpit Voice Recorder (CVR) relating to the JT-610 flight to the National Transportation Safety Committee (NTSC) and objects suspected of being body parts to the National Police Disaster Victim Identification (DVI) Team for...

Weekly Briefing: Trade War, Brexit, Export Impor Data, BI Policies will Colored the Market

JAKARTA (TheInsiderStories) — Good morning! This week the market movements will colored by several major issues in global and domestic. On Jan. 22, United States (US) Presiden Donald Trump and China’s Vice President Wang Qishang is scheduled to meet in the sidelines of World Economic...

Insight: The World Economy Still Shadowed by Uncertainty

JAKARTA (TheInsiderStories) — Three-day discussion between United States (US) and China officials in Beijing on trade tariff, wrapped up Thursday (01/10). But there is no clear outcome published at the meeting. Chinese Ministry of Commerce only stated that both parts had detailed exchanges and maintain close...

Morning Briefing: Mount Agung Erupts, Potential for Other Earthquakes in Indonesia

JAKARTA (TheInsiderStories) — Good morning! Mount Agung in Bali erupted again at 7:55 p.m. local time, but the ash column height was not observed,said Geology, Climatology and Geophysics Agency on Thursday (01/10). At present the status of the mountain is in Level III (Standby) status. On...

Insight: Democracy in Indonesia Still Affected by Hoaxes, Partisans

JAKARTA (TheInsiderStories) – Democracy in Indonesia is still influenced by the fake news or hoax, social media and the partisan attitude. The fact findings based on the survey conducted by an observer Indicators during Dec. 16 to 26 of 2018, four months after presidential race. The...

Morning Briefing: Good Growth of Indonesia’s Retail Sales

JAKARTA (TheInsiderStories) — Bank Indonesia (BI) reported retail sales index (RSI) indicates good growth. In November 2018, RSI rose by 3.4 percent year-on-year from a previous month 2.9 percent. The increase is supported by clothing commodity subgroup sales performance, vehicle fuel, culture goods and recreation, said...

Insight: Disaster Management in Indonesia Need to Improves

JAKARTA (TheInsiderStories) – Various natural and humanitarian disasters hit the Indonesian people throughout 2018. The casualties and damage have consumed hundreds of thousands of human lives and other physical facilities. Unfortunately, Indonesia government's political budget and attitude for management policies still far from good performance. According...

Monardo Promises to Arrange Master Disaster Management Program

JAKARTA (TheInsiderStories) – The new head of National Disaster Management Agency Lieutenant General Doni Monardo promised to arrange master disaster management program for Indonesia. He also promised to complete several areas affected by the disaster like in Lombok, Palu, Banten, Lampung, Cisolok, and Sukabumi. From the...

Morning Briefing: Indonesian Gov’t Consider to Scraps Corporate Income Tax

JAKARTA (TheInsiderStories) — Good morning! Ministry of Finance asses the possibility to scraps corporate income tax to be equal with other countries. Its expected the adjustments will become an incentive for businesses to produce export-based products. According to the minister Sri Mulyani Indarawati, Indonesia' corporate...

Indonesia will Determines Norms of Motorcycle Online

 JAKARTA (TheInsiderStories) - After online taxi, now the Ministry of Transportation is targeting to review motorcycle ride-hailing service. The rules are being prepared, in the form of drafts to be discussed by governments, associations, application owners, and experts in the economy of transportation. According to...

Morning Briefing: Indonesian Consumer Index Shows Positive Trend

Indonesia's Forex Reserves US$123B in February
JAKARTA (TheInsiderStories) — Good morning! Bank Indonesia (BI) announced consumer confidence index (CCI) resulted good optimism. In December, CCI recorded at 127 points, increased from 122.7 points in November. On average, the consumer confidence index was 123.6 percent during 2018. Furthermore, the central bank governor Perry...

Weekly Briefing: Market Welcomes US-China Trade Tension Talks

Indonesia's Forex Reserves US$124B in March
JAKARTA (TheInsiderStories) — Good morning! Indonesian Rupiah is on the move with highest hike among other Asian currencies. The local currencies against US Dollar bolstered by 0.85 percent to 14,350 in the last week’s trade. Foreign inflows entered the stock market recorded Rp393.01 billion (US$27.10...