Indonesia Morning News For April 10

Indonesia Morning News For April 10
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Foreign Exchange Reserves Indonesia Grew in March 2017
These receipts outnumbered the exchange required for repayments of the government foreign debt and Bank Indonesia’s maturing foreign exchange bills.
— Indonesia Investments

Go-Jek’s food delivery beats all food startups combined: Piotr Jakubowski, CMO
When one brings up Go-Jek as a conversation, one is not just talking about a tech-based ride-hailing business in Indonesia. Be prepared to also reflect on the whole startup ecosystem in emerging markets, integrated solution, the world, and eventually the meaning of life.
— Deal Street Asia

Indonesia regulator expects fintech firms to double to 250 by year-end
Indonesia – the largest economy in the south east Asian region – is betting on the great big fintech opportunity riding on its demographics and unbanked population. Indonesia, which has already seen the emergence of 130 fintech companies, is expecting this number to double in a year with $3.6 billion worth of transactions on this model over the next one year, deputy director of OJK, the financial services regulator, Pak Tuahta Aloysius Saraguh, said in an interaction.
— Deal Street Asia

Marvel to discipline Indonesian X-Men Gold artist for hidden political, religious references
Marvel Comics is planning to take disciplinary action against an Indonesian artist who sneaked several controversial references into his artwork for the first issue of X-Men Gold, according to reports citing a statement by the comics giant.
— Channel NewsAsia

Malaysia puts high hopes on one halal certification with Indonesia
Malaysia is putting high hopes on the planned unified halal certification with Indonesia, the country with the world’s largest Muslim population, in a bid to strengthen halal trade relations between the two countries.
— The Jakarta Post

Second landslide in Ponorogo complicated rescue mission
A second landslide hit Banaran village in Ponorogo, East Java, on Sunday, just days after a previous one killed at least three people and displaced 200 others at the same location.
— The Jakarta Post

Family of five found dead in possible mass murder in Medan
An apparent mass murder has taken place at a house on Jl. Kayu Putih in the densely-populated Medan Deli district in Medan, North Sumatra. On Sunday morning at 10 a.m., locals discovered a family of five dead and covered in blood in their house.
— The Jakarta Post

PKS Politician Deported From Turkey for Trying to Enter Syria
Muhammad Nadir Umar, member of East Java’s Pasuruan Legislative Council, or DPRD, from the Prosperous Justice Party, or PKS, was deported from Turkey for allegedly attempting to enter Syria to join the Islamic State militant group.
— Jakarta Globe

XL Axiata to Offer Rp 2.18t Islamic Bonds
XL Axiata, Indonesia’s second-largest mobile phone operator is planning to raise Rp 2.18 trillion ($163 million) from selling Islamic bonds this month to refinance its debt and fund its working capital.
— Jakarta Globe

Indonesia promotes culinary to lure tourists
Indonesias Tourism Ministry believes that love comes from the heart but passes through the stomach. Hence, the country has been introducing its culinary arts overseas in order to lure tourists.
— Antara News

ITB Students Develop Fake News App for Microsoft-Backed Competition
A group of young app developers from Bandung Institute of Technology will present an app that can detect fake news in an international competition organized by tech giant Microsoft in the Philippines later this month.
— Jakarta Globe

Angolan FM Visits Indonesia to Strengthen Cooperation in Economic Affairs
Angolan Foreign Minister Georges Rebelo Pinto Chikoti is going to visit Jakarta on Monday (10/04) to strengthen relations with Indonesia, especially in economic affairs.
— Jakarta Globe

Government continues to promote fish consumption program
The government of Indonesia, which is an island country rich in various fish resources, continues to promote its fish consumption program as part of its efforts to build the nations healthy and smart human resources.
— Antara News

Gay couple arrested for having sex face up to 100 lashings
A gay couple face up to 100 lashings by cane after a neighbours reported them to police for having sex.
— Metro

Qatar Charity conducts mass wedding in Indonesia
A collective wedding was organised by Qatar Charity (QC) in Indonesia, and funded by a generous Qatari benefactor who wanted to put the basic building block of an Indonesian Muslim community.
— The Peninsula Qatar

Free trade zone at Sabah-Indonesia border mooted
A free trade zone at the Sabah-Indonesia border will possibly help reduce smuggling activities and at the same time bring about business opportunities for both sides, said a chamber of commerce leader.
— The Star Online

Indonesia Bad Loan Problem to Worsen, Bank Bailout Chief Says
The non-performing loan problem at Indonesia’s banks is likely to get worse, keeping economic growth below 6 percent over the coming two years as lenders hold back from boosting credit, according to the head of the country’s deposit insurance agency.
— Bloomberg

KPK Refuses Law Revision
Chairman of the Corruption Eradication Commission (KPK), Agus Rahardjo, said that the agency’s commissioners and employees are in favor of a strong KPK.
— Tempo

International community condemns lashing of gay men in Indonesia
Two men in Indonesia arrested on suspicion of being gay should be released immediately according to Human Rights Watch.
— Gay Star News

Itemku raises US$1.2M investment, wants to fuel Southeast Asia expansion
Jakarta-based Five Jack, the company behind e-commerce platform for virtual goods itemku, today announced that it has raised US$1.2 million of funding from 500 Startups and unnamed South Korean venture capitals.
— Yahoo News

PH, Indonesia ‘likely to get’ rating upgrades
WHILE most economies are at a risk of credit downgrades in the face of economic volatility, the Philippines is one of only two countries in Southeast Asia that may see sovereign credit rating improvements.
— Sun Star

Indonesia urged to heed UN call to abolish death penalty
The government has been encouraged to heed the United Nations’ call to abolish the death penalty from the country’s judicial system.
— The Jakarta Post

BREAKINGVIEWS-Indonesian tax amnesty odd help for private banks
Indonesia’s tax amnesty could have been a real nightmare for the world’s top private banks. Instead, the scheme, which resulted in the disclosure of $365 billion in assets, has turned out to be a blessing in disguise resulting in limited actual outflows to Indonesia and providing a chance to wash away undesirable customers.
— Nasdaq

Emirates to Launch Double Daily Services to Bali, Indonesia
Emirates is to launch a second daily service to the island of Bali, Indonesia on 2 July 2017.
— ASIA Travel Tips


Feature photo Center for International Forestry Research (CIFOR)
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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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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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