BPJS Indonesia

Foreign Workers in Indonesia Ordered to Sign Up for State Insurance

The Indonesian government has ordered all companies in the country that are employing foreigners to have their workers covered by state insurance program. Manpower Minister...

Indonesia Needs an Overhaul in Infrastructure Financing

The Indonesian government, through the Ministry of Public Works and People's Housing (PUPR), has planned to build 732 kilometres (km) of national routes in...

Wintermar Offshore (WINS:JK) Shareholders approve Non-Preemptive Share Issuance

Wintermar Offshore Marine Tbk (WINS:JK) expects business conditions will continue to improve through 2019 into 2020 as oil price outlook stays strong. At the...

S&P Revises Indonesia’s Sovereign Credit Outlook to Positive

INDONESIA - American financial services firm Standard and Poor's (S&P) revised Indonesia’s rating outlook from Stable to Positive and affirmed the rating at BB+. The...

Grand Kartech aims at Export Market amid Growing Manufacturing Industry

JAKARTA - (ACN Newswire) - Indonesia's Ministry of Industry (Kemenperin) projects the manufacturing sector could reach 5.4% in 2019. Subsector projections include the food and beverage, machinery,...

PT Astrindo Nusantara Targets EBITDA of USD160 Million

PT Astrindo Nusantara Infrastruktur Tbk (IDX: BIPI) is increasingly focused on the integrated energy infrastructure business, a transition reflected in BIPI's Q1 2019 Financial...

ANZ Selling Stake in Indonesia’s Panin Bank for USD740 Million

The Australia and New Zealand Banking Group (ANZ) has officially put its stake in Indonesia's Panin Bank on a formal auction as it seeks...

Briefly: Indonesia To Allow Higher Foreign Stakes in Local Banks

From the current limit of 40 percent, Indonesia's Financial Services Authority has hinted that it is open to lifting the curb and allowing a...

Hanwha Life of Korea To Double Number Of Financial Consultants in Indonesia

JAKARTA, INDONESIA – South Korea’s first life insurance company, Hanwha Life Insurance, is seeking to hire 650 new financial consultants in Indonesia within this...

Indonesia Closely Monitoring Insurance Industry

Indonesia's Financial Services Authority (OJK) revealed that it was closely monitoring the country's insurance industry, especially the industry's exposure to bonds and stocks. Authority head...

Mighty Earth Complaint to Forest Stewardship Council (FSC) for dissociation of Korindo dismissed by...

Mighty Earth, a US NGO, filed a complaint to FSC that the Korindo Group should be dissociated from FSC. On November 1, 2017, FSC initiated...

BASARNAS, Continuing to Improve

JAKARTA, INDONESIA - (ACN Newswire) - Known as the world's largest archipelagic state, Indonesia has coastline reaching 99,095 KM, and is blessed with many unique resources and...

WIKA’s Net Profit in 1H-2019 Grows 60.48% Year-on-Year (YoY)

PT WIJAYA KARYA (Persero) Tbk. (WIKA) booked a net profit of Rp1.015 trillion in the first half of 2019, a 60.48% increase year-on-year (YoY)...