Indonesia Morning News For June 13

Indonesia Morning News For June 13
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Indonesia re to reduce foreign exchange outflow to up to US$1.5 billion
State-owned reinsurance company Indonesia Re is ready to reduce foreign exchange outflow to up to Rp20 trillion, or about US$1.5 billion.
— Antara News

What Makes Indonesia‘s Manufacturing Industry Rises to 9th Position in the World
Indonesias manufacturing industry rose to the 9th place in the world after having ranked among the top 10 since 2015, according to Industry Minister Airlangga Hartarto.
— Netralnews

4.36 Percent Inflation Expected in 2017
The Governor of Bank Indonesia Agus Martowardojo projects year-on-year inflation rate in 2017 of 4.36 percent, an increase compared to late 2016 of 3.02 percent, mostly attributable to pressure from administered prices.

Indonesia, Freeport still differ on IUPK scheme
The government and Freeport Indonesia are still not in agreement over several aspects of the latter’s contract of work (CoW) conversion to a special mining permit (IUPK), an official has said.
— The Jakarta Post

Pupuk Indonesia Seeks to Raise Rp 3.6t From Bond Sale in July
State-controlled fertilizer company Pupuk Indonesia is seeking to raise Rp 3.6 trillion — equal to $270 million — from a bond sale in July intended to restructure its maturing bonds and inject fund to its subsidiary.
— Jakarta Globe

Strangers crowdfund £2,500 for 94-year-old banana seller after he was attacked and robbed
Online donations have poured in for an elderly Indonesian banana seller who was robbed of his life savings.
— The Independent

Indonesia May Motorbike Sales Up 15.2%
Motorcycle sales in Indonesia rose 15.2 percent in May from a year earlier, data from an industry association showed on Monday (12/06).
— Jakarta Globe

Indonesia seeks talks with PH to address terror threat
Indonesia is seeking a dialogue with the Philippines as the two Southeast Asian neighbors grapple with the threat brought by Islamic State-inspired militants, Foreign Affairs Secretary Alan Peter Cayetano said Monday.

Asia central banks rebuild US$6t defence as Fed hike looms
Foreign-exchange reserves are being rebuilt as monetary authorities brace for the Federal Reserve’s third rate hike in six months. While the expected move has been well telegraphed, prolonged periods of Fed tightening can cause jitters for emerging markets.
— Malay Mail Online

Obama to give speech in Indonesian diaspora network in Jakarta
Former president of the United States, Barack Obama, is scheduled to deliver a keynote speech at the opening session of the 4th Congress of Indonesian Diaspora in Jakarta on July 1, 2017.
— Antara News

Jakarta is still the oligarchs’ turf
As some scholars argue, there is insufficient proof of the ‘neoliberal’ nature of the policies that outgoing Jakarta governor Basuki Tjahaja Purnama has led. What has happened instead is an increase of local state capitalism, marked by the roles of local government-owned enterprises in Jakarta’s development.
— New Mandala

Grab mulls Jakarta copter service
Indonesian executives weary of Jakarta’s notorious traffic jams may in future be able to order a helicopter ride with their smartphones through a new service being considered by ride-hailing firm Grab.
— The Star Online

Welfare Must Rely on Universality of the Quran: Jokowi
Indonesia in pursuing the progress and welfare of the people must rely on the demand of the universality of the Al-Quran, Indonesian President Joko Widodo (Jokowi) has stated.

Fresh Indonesian pineapples enter Italian market for first time
Indonesian fresh pineapples can now be consumed by Italian consumers after a container holding 18 tons of the commodity arrived in Italys city port of Venezia over the weekend.
— Fresh Plaza

Guatemala provides an example of community forest management for Indonesia
An Indonesian delegation traveled to the Maya Biosphere Reserve in Guatemala to learn about community-managed forest concessions. The Southeast Asian country is facing a new challenge: a presidential promise to grant 12.7 million hectares as community concessions by 2019.

Canberra’s Siobhan Heatwole rehabilitates coral reefs in Indonesia
Fisherman resorting to cyanide poison and dynamite blast fishing pose a huge threat to the survival of global coral ecosystems.
— The Canberra Times

Indonesia publishes limited edition stamps during World Philately Expo
Indonesian Philately Association will publish 500 sets of limited edition stamps during the World Philately Expo, which will be held in Bandung of West Java Province in Aug 2017.
— Antara News

Indonesia`s manufacturing industry climbs to ninth position in global ranking
Indonesias manufacturing industry rose to the 9th place in the world after having ranked among the top 10 since 2015, according to Industry Minister Airlangga Hartarto.
— Antara News

Gov’t Launches Mobile App to Curb Food Prices, Inflation
The government launched a mobile application on Monday (12/06) that lists the prices of staple foods across the archipelago as part of efforts to keep inflation in check.
— Jakarta Globe

Indonesia Sends 324 Prospective Nursing Workers to Japan for Training
The Japanese government will receive 324 prospective nursing workers from Indonesia to undergo six months of language training while working in hospitals and elderly homes in the country.
— Netralnews

Blackgold, China Huadian to develop 600MW coal-fired power plant in Indonesia
Coal miner Blackgold Natural Resources has entered into a conditional term sheet agreement with China Huadian Engineering to develop a 2x300MW coal-fired power plant in Indonesia.
— Energy Business Review

IMF Executive Board Approves Indonesia’s 2017 Financial System Stability Assessment
On May 24, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the Financial System Stability Assessment (FSSA) of Indonesia. [1]
— International Monetary Fund

Exclusive: Indonesian healthtech startups Alodokter, Halodoc eye next fundraise
akarta-based heath information portal Alodokter and online healthcare firm Halodoc are in talks with international players to secure Series B round of funding, according to three people aware of the development.
— Deal Street Asia

Cement Consumption in Indonesia Continues to Rise in May 2017
In May 2017 Indonesia’s national cement consumption extended the rise that started in the preceding month supported by a recovery in the property sector and infrastructure development projects. Based on data from the Indonesian Cement Association (ASI), cement demand grew 7 percent year-on-year (y/y) to 5.47 million tons in May. Meanwhile, cement sales rose 4.1 percent (y/y) to 25.26 million tons in the January-May 2017 period.
— Indonesia Investments (press release)


Feature photo Jonathan McIntosh 
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).

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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

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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