Indonesia Morning News For April 14

Indonesia Morning News For April 14
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World Bank revises Indonesia’s economic growth estimates down to 5.2 percent
The World Bank has revised its estimated rate of Indonesian economic growth down to 5.2 percent in its April edition of the East Asia and Pacific Economic Update report, compared to the 5.3 percent set in the January edition of the Indonesia Economic Quarterly.
— The Jakarta Post

Indonesia’s Import Growth Down, Export Growth Up in March
Indonesia’s import growth slowed in March, while export growth accelerated slightly, a Reuters poll showed.
— Jakarta Globe

Indonesia needs 113 million skilled workers
Indonesia would need 113 million skilled workers in 2030 to develop its potential to become the worlds seventh largest economy, Manpower Minister M Hanif Dhakiri said.
— Antara News

DBS seeks to tap US$289 billion opportunity in Indonesian wealth
DBS Group Holdings, Southeast Asia’s largest lender, is focusing on expanding its wealth business in Indonesia, where a tax amnesty has prompted rich citizens to declare billions of dollars that are now being targeted by private banks.
— The Straits Times

Rp81 trillion worth of foreign capital flow into Indonesia: BI
Bank Indonesia has said Rp81 trillion worth of foreign capital had flowed into Indonesian financial market until the second week of this year or a 35 percent increase from Rp60 trillion in the same period last year.
— Antara News

China Railway Rolling Stock lands US$364 million Indonesia deal
Chinese rail car manufacturer China Railway Rolling Stock (CRRC) announced on Wednesday a deal to provide 11 eight-car trains to Indonesia for the Jakarta-Bandung rail project.
— Asia Times

Demand for banking loans slows down in Q1
Demand for banking loans in Indonesia in the first quarter of 2017 fell significantly, according to the results of a survey conducted by Bank Indonesia (BI).
— Antara News

IFC to extend $35m debt to Indonesia’s Indosurya Inti Finance
IFC – the private lending arm of the World Bank – will extend debt worth $35 million to Indosurya Inti Finance, a multi finance company based in Indonesia.
— Deal Street Asia

Anti-LGBT discrimination is losing Indonesia as much as $12 billion every year, study says
Anti-LGBT discrimination could be costing Indonesia $12 billion every year, according to a new study.
— Pink News

Toshiba Wins Major Order in Indonesia for Two 1,000MW Ultra-Supercritical Steam Turbines and Generators
Toshiba Corporation (Tokyo: 6502) announced today that it has won an order to supply two 1,000MW ultra-supercritical steam turbines and generators (STG), main transformers and related equipment, and a 500kV gas insulated switchgear (GIS) for Tanjung Jati B Coal-fired Power Plant Unit 5 & 6 Expansion Project in the Republic of Indonesia.
— Power Magazine

Indonesia, S Korea develop biomass energy
The Indonesian government, through the state-owned forestry company Perhutani, and a South Korean investor developed biomass power plants for a sago factory in Kais sub district, South Sorong district, West Papua province.
— Antara News

The US Commerce Department said on Thursday it was starting an investigation into imports of biodiesel from Argentina and Indonesia for possible dumping and subsidization.
— Jerusalem Post Israel News

Indonesia sentences NZ woman to 30 months for drugs
An Indonesian court has sentenced a New Zealand woman to 2 years in jail for possessing methamphetamine.
— Bangkok Post

Tensions lurk behind Pence’s ‘partnership’ visit to Indonesia
Washington has billed Vice President Mike Pence’s visit to Indonesia next week as a booster for the Strategic Partnership between the world’s second- and third-largest democracies, but a raft of bilateral tensions could sap the goodwill from his trip.
— Channel NewsAsia

Indonesia: General Atlantic-backed Starbucks operator MAP Boga mulls IPO this year
Starbucks operator MAP Boga Adiperkasa, which is also backed by American equity firm General Atlantic, is planning to tap the capital market this year.
— Deal Street Asia

US Vice President Mike Pence Should Cancel Visit to Indonesia: Expert
A professor of international law at the University of Indonesia said on Thursday (13/04) that United States Vice President Mike Pence should cancel his visit to the country, citing President Donald Trump’s recent foreign policy initiatives.
— Jakarta Globe

Indonesia to Export Automotive Spare Parts to Pakistan
Indonesian Ambassador to Pakistan Iwan Suyudhie Amri held a meeting with Pakistani importers association in an effort to boost the export of Indonesia’s automotive spare parts to Pakistan.
— Netralnews

Balance Between Rights and Duties Should Protect Journalists From Violence: Wiranto
Chief Security Minister Wiranto said it is important to maintain a balance between rights and duties to avoid violence against journalists on duty.
— Jakarta Globe

Garuda’s Maintenance Subsidiary Eyes $300m IPO in Q3
Garuda Indonesia, the country’s flag carrier, will target a sale of between $200-300 million for the initial public offering of its maintenance unit later this year.
— Jakarta Globe

Jokowi Disappointed By Saudi Arabia Investment
President Joko Widodo, also known as President Jokowi, had something to say about the visit from Saudi Arabia’s King Salman a few months ago. It was an unforgettable moment for some of the Indonesian citizens who greeted the King throughout his visit in Indonesia.
— Tempo

Wreckage of missing Grand Caravan aircraft found
A Grand Caravan plane belonging to airline company PT Spirit Avia Sentosa (Flying SAS), which was reported missing, has been found in a search operation conducted by the Associated Mission Aviation (AMA) Papua on Thursday.
— The Jakarta Post


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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