Morning Briefing: India Gives Credit US$1B for Russia

JAKARTA (TheInsiderStories) - Good Morning! India Prime Minister Narendra Modi announced a US$1 billion credit line for the development of Far East region of Russia after met Russian President Vladimir Putin on Sept. 4. The Sides expressed satisfaction with the stable mutual growth of trade turnover. To bring...

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...

Insight: Sizing the Widodo, Subianto Opportunities to Win Elections

JAKARTA (TheInsiderStories) - Two weeks before the Presidential Election on April 17, many of people expect the greater opportunities for "incumbent" candidate Joko Widodo-Ma'ruf Amin to win the biggest competition. The majority of survey institutions showed "the incumbent's" superiority over their contender Prabowo Subianto-Sandiaga...

Indonesia Raises Mount Krakatau Status to Standby Level

JAKARTA (TheInsiderStories) – Meteorology Climatology and Geophysics Agency raised the eruption status of Mount Anak Krakatau to Standby level (Level III) with the dangerous zone expanded from 2 kilometers to 5 kilometers. At a press conference at the Ministry of Energy and Mineral Resources (MEMR) office...

Wuhan Virus: Economic Risks to the Asia-Pacific Region

JAKARTA (TheInsiderStories) - The outbreak of a SARS-like coronavirus (2019-nCoV) in Wuhan is developing into a major potential economic risk to the Asia - Pacific region now that there is medical evidence of human-to-human transmission. A total of 224 cases of pneumonia caused by the new Wuhan...

Weekly Briefing: Hundreds Dead as Tsunami Hits Palu in Central Sulawesi

JAKARTA (TheInsiderStories) - Good morning. Indonesia is in grief. A tsunami triggered by a 7.7 richter scales hit a coastal city of Palu, the capital of Central Sulawesi and Donggala, leaving at least 832 people dead, . The casualties is expected to rise as there’s still...

Weekly Briefing: Various Economic Data Become Investors’s Attention This Week

JAKARTA (TheInsiderStories) - Good Morning! This week various economic data around the globe to be notice by investors and will affect the financial markets. On Thursday, Statistic Indonesia will announce export import data, debt exposure and residential property price survey From the global, industrial production in the...

Indonesia’s Pizza Hut Operator Eyes US$59M from IPO

JAKARTA (TheInsiderStories)- Indonesia's Pizza Hut fast food operator, PT Sarimelati Kencana Tbk eyeing Rp815.9 billion (US$59.13 million) funds from its initial public offering (IPO), said the company on Monday (23/04). The company will release a maximum of 604.37 million new shares or 20 percent of the issued...

Morning Briefing: Police Confirms 7 Deaths in Election Results Riot

JAKARTA (TheInsiderStories) — Good morning! Indonesian police confirmed that there are seven people dead in a rally riot, calling for disqualifying President Joko Widodo' victory in the presidential election for alleged election fraud. Moreover, hundreds of people are injured, including nine police officers. According to...

Morning Briefing: More Expectations over US-China Trade Deal

JAKARTA (TheInsiderStories) – Good morning! Most of Asian market opened gaining strength followed the positive signal from United States (US) - China trade deal. Euphoria blossomed in China with Shanghai index rocketed by 5.95 percent, the highest since 2015. Other than that, Nikkei increased by 0.48...

Morning Briefing: Indonesia Announces the Realization Investment Today

JAKARTA (TheInsiderStories) – Good morning! Indonesian Coordinating Investment Board will announce the realization investment for second quarter (2Q) of 2019. In the 1Q of this year, the realization recorded Rp195 trillion (US$13.93 billion), up 5.3 per cent rise compared to 1Q 2018 of Rp185.3...

Insight: The Capital City Moving for Who?

JAKARTA (TheInsiderStories) - Indonesian government has established two districts in East Kalimantan as the location of the new capital city. However, not a few who criticized the removal planned. Not without reason, after the announcement, suddenly big businessmen name in Indonesia reported have hectares of...

Morning Briefing: G20’s Finance Leaders Meeting Focus on COVID-19

JAKARTA (TheInsiderStories) - Good Morning! The COVID-19 outbreak could become the biggest issue for discussion at a weekend gathering of finance leaders from the Group of 20 major economies. The governors and finance ministries has scheduled to meet in in Riyadh, Saudi Arabia, on Feb. 22...

Weekly Briefing: Massive Rally Urges Widodo Step Down

JAKARTA (TheInsiderStories) - Good Morning! Indonesian student planned to stage another massive rally, asking President Joko Widodo to resign from his position. Its predicting thousands of students will gathered today at the House of Representative office in central Jakarta. At the same day, the parliament planned to...

Indonesian Military, Police Raids Free-Papua Movement Headquarters

JAKARTA (TheInsiderStories) – After raided National Committee Free-Papua Movement (FPM) headquarters by Indonesian military and police, the advocacy team issued a subpoena to the Mimika Regional Police. The letter signed by the organization lawyers Veronika Korman, Gustaf R Kawer and Yohanes Mambrasar. In the letter, they urged...

Morning Briefing: Indonesia Targeting EODB Rank at 40 by 2021

JAKARTA (TheInsiderStories) - Good Morning! Indonesian government will regulate all licenses under the Investment Coordinating Board to improve the ease of doing business (EODB) rank. The new policy will be formed in the presidential instruction, said the chairman Bahlil Lahadalia on Thursday (11/21). President Joko Widodo...

Weekly Briefing: Asian Games Ceremony Gives Diversion For Indonesians

JAKARTA (TheInsiderStories) - Good Morning. The 18th Asian Games in Jakarta opened with a lavish ceremony and great fanfare on Saturday (18/08), providing ordinary Indonesians with a much needed diversion amid the endless cycle of economic and political news. There’s a reason to celebrate too. Taekwondo athlete...

Morning Briefing: China’s GDP the Weakest since 1992

JAKARTA (TheInsiderStories) – Good morning! China' second-quarter economic growth only grow 6.2 percent, slower than the first quarter of 6.4 percent, as domestic and foreign demand declined in the face of a bruising trade war with the United States (US), the National Bureau of Statistics...

Morning Briefing: Trump Asks The Fed to Slash Rate

JAKARTA (TheInsiderStories) — Good morning! United States (US) President Donald Trump reiterated another intervention to Federal Reserves (The Fed) policy. Through twitter, he asked The Fed to cut rate by 1 point and mold more money with quantitative easing. Trump even compared the central bank’s...

Indonesia Needs to Build More Renewable Energy Installations

JAKARTA (TheInsiderStories) - Indonesia has set a renewable energy target of 23 percent in the energy mix by 2025. The country has renewable energy potential of more than 400 gigawatt (GW) but is actually utilizing much less for power generation. The country is mainly dominated by thermal...

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...

Insight: The Indo-Pacific Cooperation’s Significance for Indonesia

JAKARTA (TheInsiderStories) – Indonesia held a High-Level Dialogue on Indo-Pacific Cooperation (IPC) in Jakarta on March 20, 2019, with the theme "Towards a Peaceful, Prosperous, and Inclusive Region." This dialogue was held to enhance cooperation and trust building among 18 countries in the Pacific...

Economic Growth to Slow Across Asia Pacific

JAKARTA (TheInsiderStories) - The coronavirus outbreak adds to other pressures on growth in Asia Pacific, with the impact felt primarily through trade and tourism, and for some sectors also through supply-chain disruptions. This shock comes on the back of a marked slowdown in 2019 as decelerating...

Morning Briefing: US’s House Impeaches Trump, New Mining Law Discussed

JAKARTA (TheInsiderStories) - Good Morning! United States (US) House Speaker from Democrat Party Nancy Pelosi announced a formal impeachment inquiry into President Donald Trump. This plan was taken inline with the plan of the president to open the case of former vice president Joe Bidden over...

Insight: Questioning Trump’s Denuclearization Commitment

JAKARTA (TheInsiderStories) – President of the United States (US) Donald Trump announced the second meeting with North Korean Leader Kim Jong-Un at the end of February in Vietnam. He said, the cessation of nuclear tests and the absence of North Korea' missile launches in the past...

Two Units of Indonesia’s Wijaya Karya Go IPO in 2019

JAKARTA (TheInsiderStories) - Two units of Indonesian construction operator PT Wijaya Karya Tbk (WIKA), namely PT Wijaya Karya Realty (Wika Realty) also PT Wika Industri and Konstruksi (Wika Ikon) will list is shares on the Indonesia Stock Exchange in 2019, said the chief executive...

Weekly Briefing: Ethiopian Airlines Crash, Another Hit to Boeing 737

JAKARTA (TheInsiderStories) – Good morning! Ethiopian Airlines crashed shortly after take-off from Addis Ababa and killed 157 people on board. This becomes another hit, because the flight used Boeing 737 Max 8, the same model as the Lion Air JT 160 crashed that killed...

Morning Briefing: Bank Indonesia Announces 2020’s Guidances

Indonesia's Forex Reserves US$123B in February
JAKARTA (TheInsiderStories) - Good Morning! Today, Bank Indonesia (BI) will deliver the central bank' guidance for 2020. At the yearly meeting, President Joko Widodo its scheduled to give a speech for the bankers across the archipelago. On the new policy, the head of state has signed...

Insight: Parsing the Black Holes of Indonesia’s Economic Shrinkage in 1Q 2019

JAKARTA (TheInsiderStories) – Indonesian economy only grew 0.01 percent in the first quarter (1Q) of 2019, which was 5.07 percent on an annual basis, from growth of 5.06 percent in 1Q 2018. Similarly, compared to 4Q 2018 the Indonesian economy actually shrank by 0.52...

Morning Briefing: Indonesian VP Calls Two Solution to Improves Electoral System

JAKARTA (TheInsiderStories) — Good morning! Vice President (VP) of Indonesia Jusuf Kalla proposed two solutions to solve problems during Indonesia’ 2019 elections, in which more than 450 polling station workers died. He opined that the complexity of counting votes for legislative elections caused many polling workers to die. The...