JAKARTA (TheInsiderStories) – A friendly and refined Javanese local culture is inherent in the figure of Joko Widodo, at least for nine years as the mayor of Solo and the Governor of Jakarta, in the period 2005-2014.
Although it seemed firmly running his administration, for an example by firing corrupt...
JAKARTA (TheInsiderStories) – Good morning! Indonesian government paid a visit to Japan to enhance bilateral cooperation in the economic sector, including increasing investment in the chemical industry to steel.
During a four-day visit, Industry Minister Airlangga Hartarto met directly with a number of directors from Japanese companies such as Sojitz...
JAKARTA (TheInsiderStories) — Good morning! The National Economic and Industry Committee urged President Joko Widodo put new faces on the economic team for the next five years to pursue a 7 percent economic growth target. In the first period of Widodo' leadership, the country' economic growth only moved in the...
JAKARTA (TheInsiderStories) — Good morning! Amid the Brexit extension, United Kingdom (UK) is stated must leave European Union (EU) at the end of October, even without a deal. As the date is now fixed, the country will not be asking for more extensions.
Parliament member from Conservative Party Esther McVey,...
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 National Police' spokesman Inspectorate General Muhammad...
JAKARTA (TheInsiderStories) — Good morning! Prabowo Subianto - Sandiaga Salahuddin Uno' camp file presidential election suit to the Constitutional Court today. While, Indonesian police detained 257 alleged provocateurs for several chaos in Jakarta rallies.
They were being detained from three different places, as police considered that the number would still...
JAKARTA (TheInsiderStories) — Good morning! Rally of election protesters at the Indonesia’ Election Supervisory Body’ office turned chaos until dawn. Mass burned firecrackers, also threw rocks and woods to the security officers.
The rally calling for the disqualification of Joko Widodo - Ma'ruf Amin from the presidential election due to...
JAKARTA (TheInsiderStories) — Good morning! General Election Commission confirmed that Joko Widodo - Ma'ruf Amin pair wins the 2019 presidential elections against Prabowo Subianto - Sandiaga Salahuddin Uno. The incumbent win by 55.5 percent while the contender left behind 44.5 percent.
Meanwhile, National police accused Subianto supporters as a traitor. They are...
JAKARTA (TheInsiderStories) — Good morning! Political tension heats up in Indonesia ahead the announcement of the winners of 2019 presidential election. Starting today, an Islamist group planned rally to fight tyranny and called the movement called People' Sovereignty Movement.
To anticipate the potential chaos during the rally, a Terrorist Unit from the...
JAKARTA (TheInsiderStories) — Good morning! General Election Commission (GEC) set the winners of Indonesia' 2019 presidential election on May 28, said the chairman. Aried Budiman hoped all the recapitulation completed on Wednesday (05/22) and give to all participant to challenge the result in three days after.
If Joko Widodo -...
JAKARTA (TheInsiderStories) — Good morning! Yemen Houthi’ drone targeting to attack two Saudi Arabian’ tankers and main pipe channels is considered not only hitting security, but also world oil supply and global economy.
Iran-backed Houthi’ action is also increasing the heated-already tension in Middle east. Saudi is known as the...
JAKARTA (TheInsiderStories) – The Indonesian General Election Commission is conducting a real count on the results of the Presidential Election and Parliament starting April 25 to May 22.
The accumulation of the real count showed the superiority of incumbent Joko Widodo - Ma'ruf Amin, with a votes of 56.23 percent...
JAKARTA (TheInsiderStories) - Good morning! Statistic Indonesia will announce trade balance today. In first quarter, the country' trade balance deficit US$190 million. Oil and gas continuously contributed the deficit by $1.34 billion while non-oil and gas has $1.15 billion surplus.
Ahead of trade balance announcement, Coordinating Minister for Economic Affairs Darmin...
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 two solutions are the separation...
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 percent from 5.18 percent.
This growth...
JAKARTA (TheInsiderStories) — Good morning! White House economic adviser Larry Kudlow said that the United States (US) demanded concrete changes on China’ law, as the trade talks suffered a major setback last week. At the meeting China proposed extensive revisions to a draft agreement.
US wanted to delete prior commitments...
JAKARTA (TheInsiderStories) – The financial performance of Indonesian telecommunications (telco) operator continues to degenerated lately amid the tight competition among the players. The contribution of the telco sector for economic growth also continued to decline.
As an example throughout 2018, net income of state-owned telecommunication operator, PT Telekomunikasi Indonesia Tbk...
JAKARTA (TheInsiderStories) — Good morning! Starting today United States will charge US$200 billion Chinese goods 25 percent from earlier only 10 percent. President Donald Trump also threatened to impose tariffs on all Chinese trade with America
At the same day, Chinese delegation will negotiate a potential trade deal with US....
JAKARTA (TheInsiderStories) - The contestation of the first simultaneous elite circulation for Indonesia become a chaotic experienced for the country. In a day, million of citizens choosed presidential and member of parliament candidates from the national, provincial, district/city level, and Regional Representative Council. The administrative calculation process is multiplied...
JAKARTA (TheInsiderStories) — Indonesian President Joko Widodo is likely to shuffle his economic team after Ramadan, said a cabinet member yesterday (05/07). Lately a lot of his ministers performance not so good and involved in corruption cases
Last month, Widodo said he was considering reshuffling his cabinet before he is...
JAKARTA (TheInsiderStories) — Good Morning! Indonesian central bank released a new regulation PBI No.21/5/PBI/2019 concerning the transactions facilities in money transaction in foreign exchange (forex) markets. By this policy, BI want to ensure transaction providers have a good governance, an effective risk management, fairness, and equal opportunities for prospective...
JAKARTA (TheInsiderStories) – Indonesian President Joko Widodo returned to exhale a plan to relocate the state capital from DKI Jakarta, which currently functions not only as a central government, but also at the heart of the national economy. The Widodo’s plan is delivering in a limited meeting with the...
JAKARTA (TheInsiderStories) — Good morning! China said, that a delegation was still preparing go to the Washington for trade talks, even as the United States (US) President Donald Trump dramatically increased pressure to reach a deal by saying he would hike tariffs on Chinese goods this week. Negotiations are...
JAKARTA (TheInsiderStories) - Post-2019 Presidential Election, Indonesia still has to face a commotion that never ends. Starting from the electoral fraud debate, the quick count paid by one party, to the people power narrative, became the main headline for domestic news.
The commotion increased after last week, coinciding with May...
JAKARTA (TheInsiderStories) — Good morning! Bank Indonesia executive director Nanang Hendarsah said the central bank will start to active Two Way Open Market Operation (liquidity management) starting today (05/06), with variable rate tender on both side.
While Statistic Indonesia to release the nation' economic growth data. Some observer sees the...
JAKARTA (TheInsiderStories) — Good morning! With his confidence to lead Indonesia for the second term, President Joko Widodo hold political communication with opposition parties. After met Amanat Party chairman Zulkifli Hasan, yesterday he met one of Demokrat Party leader Agus Harimurti Yudhoyono (AHY) at Merdeka Palace, Jakarta.
According to the son...
JAKARTA (TheInsiderStories) - In the midst of slowing down the global and national economy, State-owned Enterprises (SOEs) are actually the saviors of the government finances. The fact, the management of SOEs under Rini Soemarno' leadership is far from satisfying.
"Favorite" minister of President Joko Widodo continues to be in the...
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 policy with China, US’ trade...
JAKARTA (TheInsiderStories) - This year' Indonesian Workers Day commemoration is interesting because it coincides with the General Election. Even more special, this May 1 is right at the time of the presidential election results.
With the many findings of vote counting errors in the General Election Commission that harm one...
JAKARTA (TheInsiderStories) - Thousands Indonesian workers rally today to voices "Honest and Peaceful Labor & Democracy Welfare". Presidential candidates Prabowo Subianto planned to attend and give speech at the May Day celebration in Central Jakarta.
The workers demand are rejected cheap wages, revoke presidential decree concerning Wages, increase Decent Life Needs, remove...