Indonesia Proposes to Raise 2017 Budget Deficit to Close to Legal Limit
Indonesia’s government has proposed to parliament to hike 2017 spending and cut the revenue target, resulting in a wider budget deficit that almost reaches the legal limit, according to a government document.
— Jakarta Globe
IFC extends $150m debt facility to Indonesia Infrastructure Finance
International Finance Corporation (IFC), the private lending arm of the World Bank, will inject a debt package of $150 million into Indonesia Infrastructure Finance (IIF), a Jakarta-based investment company for infrastructure projects.
— Deal Street Asia
Indonesia’s Bank Mandiri to start operations in Malaysia by year-end
Indonesia’s largest bank by asset size, PT Bank Mandiri Tbk, will start its banking operations in Malaysia by year-end, making it the first Indonesian bank to carry out full-fledged banking activities in the country.
— The Star Online
Indonesia shares higher at close of trade; Jakarta Stock Exchange Composite up 0.42%
Indonesia equities were higher at the close on Thursday, as gains in the Infrastructure, Basic Industry and Property sectors propelled shares higher.
— Investing.com UK
Turkey and Indonesia to cooperate on intelligence sharing
Turkey’s President Recep Tayyip Erdogan and Indonesian President Joko Widodo discuss bilateral relations and the fight against Daesh as the Turkish leader shares that 5,000 suspected terrorists have been deported and 53,000 banned from his country.
— TRT World
More than 80% of children in Indonesia exhibit prior dengue infection
Prevalence rates of dengue may be higher than previously reported for children in Indonesia, with more than 80% of children aged 10 and older having experienced an infection at least once in their lives, according to a study published in PLOS Neglected Tropical Diseases.
— Healio
Coal undermines Indonesia’s food production: report
Indonesia’s goal of achieving food self-sufficiency, especially for rice, might be in doubt as the country converts agricultural land into coal mining sites, a recent study found.
— Mongabay.com
Golden Jubilee: The Future of Indonesia-Singapore Relations
Ngurah Swajaya, Indonesia’s ambassador to Singapore, said fostering better cooperation between the two countries is key to facing new challenges in a rapidly changing world as they celebrate 50 years of diplomatic ties this year.
— Jakarta Globe
Indonesian University of Michigan alumni pledge $500k for endowments
The University of Michigan Alumni Association of Indonesia have pledged a gift of $400,000 to the existing UM Javanese Gamelan Endowment, its largest alumni gift ever.
— MLive.com
Indonesia Online Advertising Market Outlook to 2021- Significant Rise in Internet, Mobile and Social Media User Penetration to Drive Growth
The report titled “Indonesia Online Advertising Market Outlook to 2021- Significant Rise in Internet, Mobile and Social Media User Penetration to Drive Growth” provides a comprehensive analysis of digital advertising market in Indonesia. The report covers market size, segmentation on the basis of medium, type, sectors and pricing model of online advertising.
— PR Newswire (press release)
Five Killed in Papua Plane Crash
A search and rescue team on Thursday (06/07) managed to reach the crash site of an Associated Mission Aviation Pilatus PC6 Porter plane that went missing in Wamena, Papua, a day earlier, and found the bodies of two pilots and three passengers on the ill-fated flight.
— Jakarta Globe
Domestic Smartphone Sales Jump 13% as Chinese Brands Expand Market Share
Smartphone sales in Indonesia jumped 13 percent in the first quarter, compared to the same period last year, with aggressive advertising from Chinese cheap device manufacturers shacking up market leader Samsung and putting local brands on the back burner.
— Jakarta Globe
It’s JD versus Alibaba-backed Lazada in Indonesia’s e-commerce battlefield
To foretell where JD.com Inc. is going to expand in Indonesia, follow the cell phone towers.
— Deal Street Asia
Mickelson to renovate Bali course for a Trump property
Phil Mickelson has been selected to redesign an 18-hole golf course in Bali that will become Trump International Golf Club.
— Daily Mail
Electricity prices to remain unchanged until year-end: Minister
The government has decided to maintain electricity prices at their current level until the end of 2017 in a bid to boost the country’s industrial competitiveness – a move that will force state electricity firm PLN to undertake various internal efficiency measures to keep its financial performance healthy.
— The Jakarta Post
Feature photo Dan Lundberg
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Indonesia morning news by AEC News Today is your one stop source for Indonesia news on matters of governance and policies affecting Asean business communities and is published M-F by AEC News Today: Governance, not government; policies not politics.
Indonesia Morning News For July 7 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.
She joined AEC News Today in December 2016.
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