Bimasena Leaders Talk: Indonesia Political Risk Ahead of General Election

The Insider Network and Bimasena will jointly hold a public lecture, called Bimasena Leaders Talk, with a theme, 'Indonesia Political Risk Ahead of General Election' on Feb. 6, 2018. The speaker for the session will be the Head of Presidential Staff General TNI (ret)...

Insight: Most of Indonesian Society Rejects the Return Dual Functions of Army

JAKARTA (TheInsiderStories) – Lately began to be hot talking about the discourse of returning the National Army dual functions within the structural sphere of government. This discourse is actually not new one. Previously, it was also rumored about the involvement of active army officers...

Morning Briefing: US Lighthizer to Visit China for Trade Talks

JAKARTA (TheInsiderStories) – Good morning! As an effort to rein the tension between United States (US) and China, Trade Representative Robert Lighthizer are heading to Shanghai for a two-days meeting starting Tuesday (07/30). Treasury Secretary Steve Mnuchin expressed his optimism about next week’ trade talks with...

Morning Briefing: Chinese Renmimbi Drops to Lowest Level Again

JAKARTA (TheInsiderStories) - Good Morning! Chinese Renmimbi weakened to 7.18 to the US dollar, less than a month after Beijing let the currency pass a threshold. People’s Bank of China set its mid-point rate at 7.0884 against the Greenback, weaker than its previous benchmark. The currency has been...

Indonesia Road Freight Transport Market to Grow Over 9% During 2020 – 2025

JAKARTA (TheInsiderStories) - The Indonesia road freight transport market is expected to grow above 9 percent during 2020 - 2025, said Reportlinker in the latest report. The demand for trucking services in the country is expected to increase, majorly due to the increasing international freight movement...

Industry Review: In Search of New Growth Engines

JAKARTA (TheInsiderStories) – Early last week, hundreds of investors and business players gathered at the main hall of the Indonesian Stock Exchange Building. The main topic addressed was how to sail through economic and political tides in 2018. The speakers included National Police Chief Tito Karnavian,...

Morning Briefing: Widodo Visit Singapore for Leaders Retreat

JAKARTA (TheInsiderStories) - Good Morning! Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong will meet today as part of a leaders retreat to review the bilateral partnership between the two countries. The bilateral meeting was follow up on discussions at their last leaders retreat...

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...

Morning Briefing: US Deficit US$1T in 2020, Indian Rupee Fell to the Lowest Level

JAKARTA (TheInsiderStories) - Good morning! United States deficit is estimating worth of US$1 trillion in 2020, as President Donald Trump cut the tax an spending policies, said the Congressional Budget office on Thursday (08/22). The deficit in 2019' fiscal year is predicted will reach $960...

Insight: Waiting the “Stage” of Two VP Candidates

Insight: Waiting the “Stage” of Two Candidates for the Vice President
JAKARTA (TheInsiderStories) – Indonesia' political temperature ahead of the third debate is heating up again. The increase in political level, was not only caused by the two vice presidential (VP) candidates’ discourse battles, but also caught up in the strategy of the two teams'...

Morning Briefing: Indonesia Oversees the Inflation Target

JAKARTA (TheInsiderStories) - Good Morning! To keep inflation remaining within the target range of 3.0±1 percent, the government and Bank Indonesia (BI) agreed to maintaining volatile food inflation in the range of 4.0±1 percent. To reached the target, the parties agreed to strengthening price affordability, supply...

Morning Briefing: Trump Give Sanction to North Korea

JAKARTA (TheInsiderStories) – Good morning! After saying a sanction will be imposed on two Chinese shipping companies accused of violating North Korea trade prohibition, United States (US) President Donald Trump intended to reverse what he previously stated. Trump tweeted: “It was announced today by the US...

Indonesia’s 2020 Oil and Gas Output Likely to Fall

JAKARTA (TheInsiderStories) - Indonesia’ production of both oil and gas will most likely fall in 2020 despite the official projections of a combined 8 percent growth year-on-year, said Rystad Energy in the latest report. The upstream task force (SKKMigas) has set an ambitious oil production target...

Morning Briefing: Indonesia Forms Agency for New Capital City

JAKARTA (TheInsiderStories) - Indonesian government to form a New Capital Development Authority Agency to implement the state' capital program. The agency have obligation to prepare, build and then the transfer process of the plans. For the development of the new capital city as much as possible it would...

PwC: Next generation of family business leaders embracing digital change, but facing hurdles

JAKARTA (TheInsiderStories) - Among the next generation of family business leaders, three in four have big plans to take their business forward. However, generational challenges persist, largely in the areas of digital and innovation. PwC conducted in-depth conversations with 35 next gens from 21 countries and polled...

Indonesia’s Landslide Threatens More Than 41 Million Peoples

JAKARTA (TheInsiderStories) – The potential for landslides in Indonesia threatens more than 40.9 million people, National Disaster Management Agency reported today (01/02). While, disasters and tsunamis have hit tens of thousands victims in the past four years. The agency' spokesman Sutopo Purwo Nugroho, said that...

Indonesian Gov’t Dilemma Face the Papua Problems

JAKARTA (TheInsiderStories) – Recently, humanitarian disasters have struck Indonesia, the earthquake in Lombok to the massacres of dozens workers and soldiers in Papua. They have cooled the heat of the political contest ahead of the 2019 presidential election somewhat. The tragedies have diverted the attention...

Morning Briefing: US – China Relationship Heats Up Again

JAKARTA (TheInsiderStories) - Good Morning! China has suspended United States (US) warship visits and sanctioned several American non-government organizations after ratify a bill backing pro-democracy protesters in Hong Kong. The country urged Washington stop interfering on internal affairs in the mainland of China. It said, Beijing will take further steps...

Insight: Banks Compete with Government to Raises Funding

JAKARTA (TheInsiderStories) - The problem of liquidity is still considered to be a banking challenge this year. This is because banks must compete not only with other competitors, but also with the government in raising funding. President Director of Bank Central Asia (IDX:BBCA) Jahja Setiaatmadja said...

Morning Briefing: President Widodo’s District Funds Program Approved by the Parliament

JAKARTA (TheInsiderStories) - Good morning. President Joko Widodo district fund program approved by Indonesian parliament. In the meeting with government on Thursday (26/10), Budget Committee for the parliament agreed to allocated Rp3 trillion (US$206.90 million) funds for the program. Previously, the government proposed to divert part of village...

Gajah Tunggal, Japan’s IRC Set Up Tyre Plant in Indonesia

Moody's to Revise Gajah Tunggal's Outlook to Negative
JAKARTA (TheInsiderStories)--Indonesian tyre producer, PT Gajah Tunggal Tbk (IDX: GJTL) partnering with Inoue Rubber Co., Ltd. (IRC), a subsidiary of Japan’s Inoac Corporation set up tyre plant in Tangerang, said the company on August 1. Both companies has set up joint venture company namely PT...

Insight: Assessing Amin, Uno Solutions for Indonesia’s Unemployment Issues

JAKARTA (TheInsiderStories) – The issue of unemployment was approached by two different methods by Ma'ruf Amin, Sandiaga Salahuddin Uno in the vice presidential (VP) debate on Sunday (03/17) night. Amin offers the idea of Pre-Work card, Uno with the concept of Ready to Workhouse. However,...

State Own Enterprises in the Middle of COVID-19

JAKARTA (TheInsiderStories) - The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises (SOEs) are part of that effort. They can be public utilities that provide essential services. Or public banks that provide loans to small businesses. But some...

US-China Trade War Profits Investment in Indonesian Industry

JAKARTA (TheInsiderStories) – Trade war tension between the United States (US) and China creates new opportunities for Indonesia industrial investment, said one official last week. This can be seen from several foreign manufacturing companies that want to move their production base to Indonesia from...

Morning Briefing: Japan’s Premier Makes Historic Trip to Iran

JAKARTA (TheInsiderStories) - On Wednesday, Japan' Prime Minister Shinzo Abe arrived in Tehran, Iran, to ease tension between the United States (US) and Iran. This is the first visit by a Japanese premier since the Islamic revolution country. Japan is one of the few US allies who also...

Indonesia’s Credit Profile Balances Stable Growth with Revenue Weaknesses

JAKARTA (TheInsiderStories) - Indonesia' (Baa2 stable) credit profile is supported by the economy' large size, low fiscal deficits and modest debt burden. These features are balanced by a weak revenue base that constrains debt affordability, a reliance on external market funding, and a degree of economic...

Morning Briefing: The Decision Day on 2019’s Presidential Election

JAKARTA (TheInsiderStories) - Good Morning! Today, Indonesia' Constitutional Court will decide the claims of systematic fraud in the 2019 presidential election by Prabowo Subianto - Sandiaga Salahuddin Uno pair. The legal case has sought to disqualify Joko Widodo - Ma'ruf Amin or force a re-run of the...

Morning Briefing: Lion Air Crashed Kills Soul Victims

JAKARTA (TheInsiderStories) - Indonesia continues to be surrounded by sadness. After various natural disasters, the country again grieved over the death of the Lion Air JT-610 accident which had taken its toll. The aircraft, with Jakarta - Pangkal Pinang route, took off at 6.20 a.m. from Soekarno Hatta...

Indonesian Govt, Parliament Set ICP US$70 for 2019

JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and parliament agreed to set Indonesian Crude Price (ICP) 2019 pegged at US$70 a barrel following the dynamics of world oil prices, said one senior official on Tuesday (18/09). This figure higher compared to the 2018...

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...