Indonesia Morning News For December 27

Japan’s MUFG seeks majority of Indonesia’s Bank Danamon
Mitsubishi UFJ Financial Group (MUFG) (8306.T) said on Tuesday it agreed to buy 73.8 percent of Bank Danamon Indonesia (BDMN.JK), as it looks to build a foothold in Southeast Asia’s biggest economy.
— Reuters

Indonesia’s Islamists create re-election minefield for Widodo
Ridwan Kamil, the popular mayor of Bandung in Indonesia’s West Java Province, was once touted by Muslim conservatives to be destined for national leadership.
— Nikkei Asian Review

Indonesian losses at WTO fuel concerns
The recent string of losses suffered by Indonesia at the World Trade Organization’s dispute panels have led to calls for better trade regulations that do not contradict the institution’s principles but at the same time continue to protect local industry.
— The Jakarta Post

Japan’s Koito adding capacity at Indonesia auto lamp factory
Koito Manufacturing, a leading maker of automotive lighting, plans to boost production capacity at a plant in Indonesia by 50%.
— Nikkei Asian Review

Indonesia Cooperate with Japan to Boost Small Industry Development
Indonesia and Japan continue to strengthen the two countries’ cooperation in the industrial sector.
— Netral News

Indonesian tycoons wager with confidence in Widodo’s economy
“The Future is Here Today.” This slogan is splashed across billboards all over Jakarta, advertising a massive satellite city project on the outskirts of the capital. Open a newspaper or turn on the TV, and you are bound to encounter the same five words.
— Nikkei Asian Review

Airport Railway Tickets Sold Out on First Day of Promotion
The public have been very enthusiastic about the airport train from Sudirman Baru station (BNI City).
— Netral News

Lotte Group Acquires Two Ailing Indonesian Petrochemical Companies
South Korean conglomerate Lotte Group has acquired two ailing Indonesian petrochemical companies in an effort to strengthen its presence in the industry.
— JakartaGlobe

Asian Games 2018 to promote s Sumatra`s potential
South Sumatra, which successfully held South East Asian (SEA) Games in September 2011 and would be the host for next year Asian Games, has made the world want to know more about the province.
— Antara

BNI Emerald meets all your lifestyle needs
To enhance consumer satisfaction when making purchases for their business and lifestyle needs, BNI Emerald is rewarding its customers not only by providing them with top-notch products and services but also by giving them a BNI Emerald World Debit Card, which comes with a wide range of privileges.
— The Jakarta Post

Jakarta sinking fast? Here is why the Indonesian capital will soon be under water
The Java sea that was at a good distance from human habitats in the city of Jakarta has slowly crept closer.
— Financial Express

NO SIGN OF BALI VOLCANO, BUT IT HAS ALREADY DESTROYED THIS
Though it has yet to yield a major eruption, Mount Agung still has tens of thousands displaced and is scaring away visitors who fear getting stuck by flight cancellations after their end-of-the-year celebrations.
— South China Morning Post

Rescuing Batam from the economic abyss
Batam’s economic figures, released by the provincial Riau Islands Statistics Agency (BPS) in August, set off a shockwave that not only shook the local administration but also ruffled the central government’s feathers in Jakarta.
— The Jakarta Post

Bos Bitcoin Indonesia: I’m Tired of Listening Bitcoin Called Bubble since Price USD100
Speculation about bitcoin has turned into the biggest bubble in Turkey’s financial history.
— Okezone

Feature photo Farhana Asnap / World Bank

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