Indonesia Morning News For December 1

Government holds final evaluation for tax boss candidates
Representatives of several government institutions held a meeting on Wednesday to carry out final evaluations for the candidates of several high-ranking positions in the Finance Ministry, including for the people nominated for the position of director general of taxation.
— The Jakarta Post

Google Pays 2015 Back Taxes Owed to Indonesia in Full
Global technology giant Google has paid back taxes it owned the Indonesian government since 2015 in full on Thursday (29/11), marking a new milestone in the country’s efforts to rein in digital companies.
— JakartaGlobe

Mount Agung’s Eruption Increases, Telkom Guarantees Communication Quality
Telecommunication operator, PT Telkom Indonesia (Persero) Tbk or Telkom provides warranty for communications services in Bali Province to remain smooth despite the eruption of Mount Agung is increasing.
— Netral News

Indonesia wants WTO to regulate subsidies for large fishing firms
Indonesia has proposed that the World Trade Organization (WTO) regulate a subsidy from states to large corporations that run fishing businesses.
— The Jakarta Post

Malaysia, Thailand and Indonesia to restrict rubber exports again
Malaysia, Thailand and Indonesia have agreed to implement the fifth Agreed Export Tonnage Scheme (AETS) beginning tomorrow (Friday).
— The Star Online

Indonesia, Southeast Asian partners to strengthen cooperation in film industry
The Indonesian Film Board (BPI) and the Southeast Asian Audio-Visual Association (SAAVA) signed here Thursday a Memorandum of Understanding (MoU) to strengthen cooperation.
— Xinhua

Jokowi to Inaugurate Rp 710b Raknamo Reservoir in East Nusa Tenggara Next Month
Construction of Raknamo Reservoir in Kupang, East Nusa Tenggara, has reached 98 percent completion, the Ministry of Public Works and Housing said in a statement on Tuesday (28/11).
— JakartaGlobe

Gov’t and Private Sector to Showcase Indonesia’s Industrial Outlook at December Summit
The 2017 Indonesianisme Summit will be held on Dec. 9 at the Grand Sahid Jaya Hotel in Central Jakarta to showcase the country’s future plan of developing domestic technology, manufacturing and infrastructure sectors.
— JakartaGlobe

Indonesia, Australia establish fintech network
The Indonesian delegation has met with Australia`s Financial Technology (Fintech) Association in Sydney and Melbourne, on Thursday to discuss a number of topics on financial inclusion and efforts to build a stronger fintech industry network.
— Antara

Over the Past 10 Years, Fake Investments Cause Loss of IDR105.8 Tln
The Task Force on the Suspected Legal Action Handling in the Field of Community Funds and Investment Management or the Investment Alert Task Force stated that in the past 10 years, total losses due to fake investment activities reached IDR105.81 trillion.
— Netral News

Palm Oil Giant Vows to Reform After Indonesian Child Labour Probe
The world’s biggest palm oil processor Wilmar has launched fresh measures to improve conditions of thousands of children living on its plantations, but campaigners said on Wednesday that it was not doing enough to tackle widespread use of child labour.
— JakartaGlobe

Antam Gold Drops IDR3,000, Price Stands at IDR62,000 Per Gram
On opening trading Thursday (11/30/2017) Antam gold price dropped IDR3,000.
— Netral News

Indonesia: GREE Ventures-backed Ayopop raises Series A led by Finch Capital
Finch Capital, an early-stage fintech VC firm with a focus on Europe and Southeast Asia, has led a Series A funding round of an undisclosed amount in Indonesian mobile bill payment startup Ayopop.com.
— DealStreetAsia

Indef refutes Jokowi’s statement on purchasing power
The Institute for Development of Economics and Finance (Indef) has refuted a statement made by President Joko “Jokowi” Widodo about the increase in people’s purchasing power, indicated by 12.1 percent value-added tax revenue growth.
— The Jakarta Post

Indonesia Index MSCI Ishares (EIDO) Closes Above Its Parabolic SAR
Shares of Indonesia Index MSCI Ishares (EIDO) are on watch as they closed the most recent session above the Parabolic SAR line. The current level of the shares currently stands at 26.87 at the time of writing.
— The Business Union

Bali tourism loses Rp 9t after 36-day alert status: Minister
The government is likely to miss its target of 15 million foreign tourist arrivals this year as a result of the Mount Agung eruption in Bali, the country’s main tourist destination.
— The Jakarta Post

Feature photo ILO/A. Azhari

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