Indonesia Morning News For June 1

Indonesia Morning News For June 1
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Indonesia morning news

Freeport Wants Assurance of Investment Stability
Energy and Mineral Resources Ministry official Tagih Pamudji said that mining company Freeport Indonesia wants assurance that the government issue a regulation (PP) on investment stability.

Ministry turns to technology to increase transparency
The Energy and Mineral Resources Ministry has launched on Wednesday two online platforms, which are expected to help increase information accessibility of the sector and monitor the ministry’s budget.
The Jakarta Post 

Rise of e-banking leads banks to prepare less cash for Idul Fitri
An increased use of electronic banking services has led state-owned lenders Bank Mandiri and Bank Rakyat Indonesia (BRI) to prepare lesser amounts of cash ahead of Idul Fitri celebrations, compared to last year.
The Jakarta Post 

Indonesia working to boost development of its geothermal resources
The Indonesian Energy and Mineral Resources Ministry is working to help boost the development of geothermal power plants in Indonesia from the current 1698.5 MW to 7200 WM by 2025.
Renewable Energy Magazine 

Gov’t Set on Implementing Nationwide Non-Cash Toll Road Transactions on October
To support the national non-cash movement (GNNT) in toll road payments in the effort to actualize cashless society, the Ministry of Public Works and People’s Housing and Bank Indonesia (BI) plan on implementing non-cash payment through the use of electronic money for all toll roads in Indonesia on October, 2017.
Netral English 

Is Indonesia Islamic State’s next jihadi target?
Indonesia’s police have become a terrorist target of choice in recent years, but nothing in the past would have matched the carnage that could have been caused if two Islamic State (IS) affiliated suicide bombers had not triggered their backpack devices prematurely at a Jakarta bus stop.
Asia Times

BI Responds to Accusation of Not Being Serious on Rupiah Denomination
Bank Indonesia (BI) has responded to the statement of the House of Representatives that accused the Central Bank of not being serious about the discourse of redenomination or simplification of rupiah currency.
Netral English 

Indonesia to buy more crude oil from Nigeria
The Nigerian National Petroleum Corporation (NNPC) said Indonesia has indicated its interest in increasing its purchase of crude oil from Nigeria.
– Vanguard

Singapore marks 5th straight winning month, Indonesia ends higher
Singapore’s shares edged up on Wednesday, clocking their fifth straight winning month, while Indonesian stocks also rose in the session, extending their gains to the fourth consecutive month.
The Edge Markets 

Nordic Investment in Indonesia, Singapore Linked to Deforestation: Report
While Nordic countries are on the forefront of global environmental initiatives, their asset managers have invested more than $2 billion in six Indonesian and Singaporean banks that finance environmentally damaging palm oil companies, says a report released by Rainforest Foundation Norway, AidEnvironment Asia and Fair Finance Guide Sweden on Tuesday (30/05).
Jakarta Globe 

BNN Suspects ‘Zombie-Like’ Drug Has Entered Indonesia
A new type of deadly drug called flakka which causes a ‘zombie-like’ effect in users has allegedly reached Indonesia, according to the Head of the National Narcotics Agency (BNN) Budi Waseso.
Indonesia Expat 

Government To Channel Chinese Investment Into Special Economic Zone
The Indonesian government has encouraged the China-led One Belt One Road initiative, tipping the establishment of a Special Economic Zone to ensure investment is spread across the country.
Indonesia Expat 

Indonesia to buy more crude oil from Nigeria
The Nigerian National Petroleum Corporation (NNPC) said Indonesia has indicated its interest in increasing its purchase of crude oil from Nigeria.

Baznas, Matahari Mall Launch Digital Zakat Collection
The National Zakat Agency (Baznas) has launched digital zakat (alms) payment system and online zakat calculator, in cooperation with

BKPM, Standard Chartered ink MoU to attract more investors, clients
The Investment Coordinating Board (BKPM) signed on Wednesday a memorandum of understanding (MoU) with the Indonesian branch of British lender Standard Chartered Bank to jointly promote investment opportunities and banking services.
The Jakarta Post 


Feature photo David Stanley
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


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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.




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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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