Indonesia Morning News For December 21

Indonesia Morning News For December 21

Indonesia morning newsIndonesia fines Danone affiliate $1 million for unfair business practices
Indonesia’s anti-monopoly agency has imposed a $1 million fine on bottled water producer PT Tirta Investama, which is affiliated to French firm Danone, for resorting to unfair business competition practices.
— Reuters

Indonesia to allow tarrif-free import of some Palestinian goods
Indonesia will allow tariff-free imports and give direct market access to some Palestinian goods beginning in the new year, the Indonesian trade minister said Wednesday.
— Daily Star

Xiaomi launches smartphone for entry-level market
Chinese smartphone manufacturer Xiaomi officially launched on Wednesday its latest smartphone, the Redmi 5A, a product that targets the entry-level market in Indonesia.
— The Jakarta Post

Bali earns US$1.34 million from exports of meat and processed fish
Bali earned US$1.34 million from the exports of processed fish and meat in October, 2017 , up 2.08 percent from US$1.31 million in previous month.
— Antara

Indonesian Central Bank Regulates Financial Technology
Indonesia’s central bank has for the first time issued a regulation designed to deal with financial technology (“fintech”) in general.
— Lexology

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Indonesia pulp giant tied to firms accused of fires
Despite its denials, one of the world’s biggest paper producers has extensive behind-the-scenes ties and significant influence over wood suppliers linked to fires and deforestation that have degraded Indonesia’s stunning natural environment, The Associated Press has found.
— Bangkok Post

Government to subsidize LRT fares for 12 years
Transportation Minister Budi Karya Sumadi has said that the government will subsidize passenger fares on the light rail transit (LRT) commuter service for 12 years, so the new public transportation will be affordable to all commuters in Greater Jakarta.
— The Jakarta Post

Foreign Ministry Studies Possible Fertilizer Investment in Jordan
The Indonesian Foreign Ministry said it is studying possible investment by Indonesia in phosphate and gas based fertilizer industry in Jordan.
— Tempo

Indonesia to Highlight Creative Economy and Peacekeeping as New Mikta Chair
Indonesia will highlight the creative economy sector and peace and security initiatives as chair of Mikta throughout next year, deputy foreign minister A.M. Fachir said on Tuesday (19/12).
— JakartaGlobe

Aqua denies violation of Business Competition Law
PT Tirta Investana, the producer of Aqua bottled water, has denied any wrongdoing after the Business Competition Supervisory Commission (KPPU) ordered the company to pay Rp 13.84 billion (US$968,800) in fines to the state on Tuesday.
— The Jakarta Post

Indonesia eager to deepen economic ties with Punjab
A group of Indonesian investors has shown keen interest in investing in Punjab.
— Tribune

Indonesia stocks down, other SE Asia markets mixed
Indonesian stocks fell about 1% on Wednesday after they touched a record in the previous session.
— Bangkok Post

Sri Mulyani: Tax Shortfall Amounts to Rp130tn
Finance Minister Sri Mulyani Indrawati said the state tax revenue as of December 2017 reached Rp1,211.5 trillion or 82.3 percent of the target set at the Revised 2017 State Budget at Rp1,427.7 trillion.
— Tempo

BNI Disburses IIDR1.08 Tln to Finance Surabaya-Mojokerto Toll Road Development
State-owned banking company Bank Negara Indonesia (IDX:BBNI), also known as BNI, has participated in financing the development of Surabaya-Mojokerto toll road through a syndicated loan agreement with several other banks.
— Netral News

Trade Ministry, police sign deal on consumers’ protection
The Trade Ministry and National Police have signed an agreement on law enforcement, supervision and security in the trade sector with the main objective of protecting consumers.
— The Jakarta Post

Luhut asks South Korea to invest in maritime sector
Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said he has asked South Korea to invest in the maritime sector in Indonesia.
— Antara

Indonesia aims to attract 7 million tourists to Bali in 2018
The Tourism Ministry has set a target to attract 7 million foreign tourists to Bali next year.
— The Jakarta Post


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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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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