Indonesia Morning News For August 8

Indonesia Morning News For August 8

Indonesia morning newsForeign Exchange Reserves Increases to US$127.76bn as of July
The increase was primarily attributable to foreign exchange receipts, among other from government’s issuance of global bonds, tax revenues and government oil & gas export proceeds, as well as auction of Bank Indonesia foreign exchange bills.
 Tempo (En)

PT Indonesia AirAsia to hold IPO this year
The Indonesian arm is of the Malaysian low-cost carrier is expected to welcome eight new A320 aircraft, in addition to three A330s for its international legs operated by Indonesia AirAsia X.
The Jakarta Post

BI remains optimistic about 5.2 percent growth for 2017
Bank Indonesia (BI) remains optimistic that the national economy will grow by 5.2 percent in 2017, despite the relatively stagnant growth of 5.01 percent in the second quarter.

Household Consumption Growth Only Reaches 4.9 Percent
The backbone of Indonesia’s economic growth, only grew 4.94 percent in the first quarter (Q1) of 2017.
— Netral News

Growth target of 5.2 percent difficult to achieve: Economist
Consumption of households that has been the main driver of economy is slowing, reflecting the weakening purchasing power of the people.

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Indonesia seeks commitment from Iran on oil field exploration
Pertamina and NIOC signed a memorandum of understanding (MoU) to carry out a preliminary study on the exploration of Ab-Teymour and Mansour oil and gas fields in Iran in August 2016.
The Jakarta Post

BNI mulls setting up VC arm, investing in fintech startups
Indonesian state-owned Bank Negara Indonesia (BNI) is exploring setting up a venture capital arm and begin investing in fintech startups.
— Deal Street Asia

Govt Insists That Freeport Divest 51 Percent Stake
Government Regulation No. 1/2017 holds that the government reserves the right to buy 51 percent of stake in the tenth year of operations of a company.
— Tempo (En)

19 Hotspots Detected in South Sumatra
Local authorities have prepared three water bombing helicopters. Related agencies have deployed hundreds of firefighters.
— Metro TV News

Indonesia’s environment minister proposes meeting to tackle forest fires
Authorities have detected an increase in the number of hotspots in Indonesia’s eastern most province of Papua. The National Disaster Mitigation Agency (BNPB) said satellite images on Monday showed 93 hotspots in Papua, up from just seven the day before.
Channel NewsAsia

Government apologizes for worsening traffic because of LRT construction
The first phase of the LRT construction – the Cawang-Cibubur, Cawang-Bekasi Timur and Cawang-Dukuh Atas lines –was being accelerated, said Luhut, adding that the work was expected to be completed in 2018 and LRT should be operating by 2019.
— The Jakarta Post

Odd-even plate traffic policy to be extended to East, South Jakarta
The planned discussion would also touch on the plan to expand the ban on motorcycles from entering several other thoroughfares in the capital.
The Jakarta Post

Economist: Indonesia needs to be fully prepared to meet AEC
Indonesia needs to speed up human resources development to turn out competitive workers in international labor market, especially in ASEAN.

New int’l airport ready to welcome tourists to Lake Toba
State airport operator Angkasa Pura (AP) II is scheduled to finish renovating Silangit Airport in North Sumatra in September, to welcome international flights to boost tourist arrivals in the promotion of Lake Toba as a prime destination.
The Jakarta Post

Feature photo Saesherra
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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