The Indonesian government on Thursday announced it would issue Japanese yen-denominated samurai bonds worth 100 billion yen (US$912.18 million). The government debt papers consists of four series — RlJPY0521, RlJPY0523, RlJPY0525, and RlJPY0528 – which are worth 49 billion yen, 39 billion yen, 3,5 billion yen and 8,5 billion yen respectively. The coupon rates of […]
Read MoreThe government has issued Government Regulation No. 14/2018 on foreign ownership of insurance companies, setting a maximum foreign ownership of 80 percent. “This regulation is valid for both new and old companies,” said the Finance Ministry’s fiscal policy head Suahasil Nazara in Jakarta on Tuesday as reported by kompas.com. Suahasil explained that foreign insurance companies with […]
Read MoreThe National Development Planning Board (Bappenas) is now preparing a green financing scheme for companies that are appointed to develop new and renewable energy. Bappenas head and National Development Planning Minister Bambang Brodjonegoro said in Jakarta on Tuesday that such companies could get the low-cost financing through a blended finance scheme to fund their new […]
Read MoreState-owned electricity company PLN has said it will postpone its plan to issue global bonds, initially set to be carried out this month, because of the rupiah’s depreciation against the US dollar. However, PLN spokesman I Made Suprateka said in Jakarta on Tuesday that the company would go ahead with its preparation to obtain the […]
Read MoreTEMPO.CO, Jakarta – The ride-hailing platform Grab Indonesia introduced new features namely SOS and Know Your Driver-Partners (KYP) which could be accessed with a single touch. The features aimed to maintain the safety of its customers. Since the beginning, Grab has established various program to tighten the security for its passengers and driver partners including the training of safe […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Transportation has selected three Patimban Port contractors located in Subang, West Java. The three companies are the two state-owned enterprises (BUMN) and one Japanese company. “The contractors are Penta-Ocean Construction (Japan), PT Wijaya Karya Tbk, and PT PP (Housing Development),” Budi said after visiting Buntet Islamic School in Cirebon, West Java, Sunday, May […]
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