Category: News Group

Batam Aero Technic (BAT), the company focused on maintenance and repair of aircraft under Lion Air Group, has executed an agreement with European-based Airbus SE, AirFi Indonesia, Honeywell, Pratt & Whitney Canada and Victor...

Indonesia fintech lending company, Alami, received funding of around US$1 million from four Singapore and Malaysia investors, the management said in a written statement on Wednesday (Nov 13). The company hopes to complete the...

The US budget deficit widened to US$134 billion in October of 2019 from US$100.5 billion a year earlier and compared with market expectations of a US$133 billion gap. Receipts fell 2.8 percent to US$245.52 billion while outlays...

The Japanese economy advanced 0.1 percent quarter-on-quarter in the three months to September 2019, below market expectations of a 0.2 percent expansion and following a 0.4 percent growth in the previous period, a preliminary...

Global ratings major Moody’s Investors Service lowered its global sovereign outlook for 2020 to ‘negative’ from ‘stable’, it says in a report released Monday (Nov 11), as the disruptive and unpredictable domestic and...

The government will immediately revise presidential regulation no. 44 of 2016 concerning Indonesia’s negative investment list which broadly aims to reduce current account deficit, improve financial stability, and stimulate...

Indonesian government, nickel miner, and smelter operator agreed the nickel ore price maximum US$30 per metric ton (MT) for domestic market. The decision has been made after Investment Coordinating Board met 47 companies on...

The Federal Reserve (Fed) Bank of New York injects US$111.90 billion to financial markets on Tuesday (Nov 12) through overnight repurchase agreements totaling US$76.94 billion and a 14-day repo totaling US$34.966 billion....

State utility form Perusahaan Listrik Negara (PLN) received syndicated loan of US$1 billion from eight foreign banks. Most of the funds will be used to complete the 35,000 megawatt power (MW) plant projects. That said banks are...

The Indonesian government has imposed temporary additional duties on imports of textiles and textile products up to 67.70%. The fresh move is a safeguard measure to protect the domestic upstream industry from a recent surge in...

PT Kereta Api Indonesia (KAI), a state-owned train operator, offered local bonds worth of Rp2 trillion to investors today (11/11). The proceed from bond issuance will be used to pay the company loans and business development....

China Molybdenum Co. (CMOC) through its financial arm W-Source planned to take an indirect 30% stake in an Indonesian project own by PT Huayue Nickel Cobalt. The seller is investment firm, Newstride Limited, and PT Indonesia...