Indonesia Morning News For April 17

Jokowi Calls for Introspection After Saudis Invest More in China Than Indonesia
Last month’s state visit to Indonesia by King Salman bin Abdulaziz al Saud of Saudi Arabia had a major impact on the tourism industry, but it did not result in much in the way of investment.
– JakartaGlobe

Now Indonesia Can Take Large Container Vessels Usually Handled by Singapore
President Joko Widodo said large ships will be able to berth at Jakarta’s Tanjung Priok port after continued improvements in services by the port operator.
– Netral English

Indonesia Needs to Do More to Attract Foreign Investment: Jokowi
President Joko Widodo (Jokowi) said Indonesia needs to do more, and provide greater facilities to attract foreign investors to the country.
– Tempo.co

INDONESIA’S NATIONALISTIC OIL LAW COULD REDUCE COUNTRY’S APPEAL TO FOREIGN INVESTORS, SAYS REPORT
Political events can have a significant influence on the price of oil, but the price of oil also has a strong influence on political events. In 2016, the latter was in full force, with enormous geopolitical consequences from the downturn in the price of oil.
– CFO Innovation

Indonesians are The Main Foreign Buyers of Luxurious Condo in Singapore Lately
Indonesian property investors would prefer to go to Singapore if they want to invest in apartments and to Australia to buy houses to be leased out, a survey has said.
– Netral English

Inflation Rate Expected to Increase in July 2017
Bank Indonesia predicts inflation rate to increase in July 2017. Price volatility due to Eid al-Fitr holiday and high administered prices can cause inflation.
– Tempo.co

Online media join forces to combat fake news
In the wake of rampant fake news and hoaxes on the internet that have caused social discord, Indonesian online media outlets have established a forum in a bid to ensure credible digital content based on trusted information.
– The Jakarta Post

Oil Imports Account for 50 Percent of Domestic Demand
The Energy and Mineral Resources Deputy Minister Archandra Tahar said that oil imports account for 50 percent of domestic oil demand. “National oil demand currently stands at 1.6 barrels per day, whereas national crude oil output is around 800,000 barrels per day,” he said on Saturday as quoted by Antara.
– Tempo.co

EU Against Massive Clearing of Forests in Indonesia for Palm Oil
Indonesia and Malaysia, which produce more than 80% of the world’s palm oil, are resisting proposals by European parliamentarians that could limit their access to the second biggest palm oil market after India.
– Netral English

Star Energy Closes Deal for Chevron’s Salak, Darajat Geothermal Plants
A consortium led by Star Energy, a utility subsidiary of Indonesia’s largest petrochemical group Barito Pacific, has completed $2.3 billion acquisition of two geothermal power plants from global energy giant Chevron.
– JakartaGlobe

NTB Hopes to Attract 3.5 Million Foreign Tourists This Year
Comprising Lombok and Sumbawa Islands as well as hundreds of smaller ones, West Nusa Tenggara (NTB) Province is blessed with beautiful white-sand beaches, forest-covered mountainous areas and a distinct culture.
– Netral English

Competition law revision raises concerns
Since humankind first began to trade, producers and consumers have always sat at different sides of the table: the former looking for ways to maximize profit, the latter seeking to buy quality products at an affordable price.
– The Jakarta Post

What Hampers Nuclear Energy Development in Indonesia
Research and Technology Minister Mohamad Nasir said social factor is likely the only hurdle hampering development of nuclear power plants (PLTN) in Indonesia.
– Netral English

Indonesian official says Rp 6 trillion Disneyland theme park will be built in Boyolali, Central Java
All around Indonesia, one of the things people were talking about over the long weekend was the possibility of spending future long weekends at an actual Disneyland theme park in Indonesia.
– Coconuts Jakarta

US to Launch Probe Into Argentina, Indonesia Biodiesel Imports
The United States said on Thursday (13/04) it would start an investigation into imports of biodiesel from Indonesia and Argentina for possible dumping and subsidization.
– JakartaGlobe

EDITORIAL: Making sense of PLN’s business
State-owned power company PLN has shelved the construction of several power plants with a combined capacity of about 9 gigawatts (GW). Construction of the projects will not be considered until 2020 as the company forecasts that feeble economic growth is set to drastically reduce demand for electricity.
– The Jakarta Post

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Indonesia Morning News For April 17 added by John Le Fevre on April 17, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.