Indonesia Morning News For July 11

Indonesia Morning News For July 11
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Indonesia morning news

Preferring to Neither Sink or Swim Jokowi Pulls the Plug on Jakarta: Asean’s Sinking Cities
Last week the head of Indonesia’s National Development Planning Agency (Bappenas), Bambang Brodjonegoro, announced that the government is committed to moving the nation’s capital from Jakarta in Java.
— AEC News Today

Indonesia’s Current Account Deficit to Decrease by the End of the Year
Bank Indonesia has predicted that current account deficit in the second quarter will reach two percent of Gross Domestic Product or increases by around 100 basis points from the first quarter recorded at US$2.4 billion.
— Netralnews

Tourists in Indonesia may be eating dog meat and not know it: report
Tourists on the Indonesian holiday island of Bali may be unknowingly eating dog meat, activists have said, highlighting a rampant trade that is largely hidden from public and official scrutiny.
— Global News

Indonesia, Japan to carry out joint research on earthquake
Indonesia and Japan will carry out joint research on earthquake to improve capability of producing accurate earthquake prediction, an Indonesian official said here on Monday.
— Philippine News Agency

Electricity firm PLN to offer tender for 6,000 MW power plant
State-owned electricity company PLN has announced a plan to hold a tender for a power plant construction project with a capacity of 6,000 megawatt (MW).
— The Jakarta Post

Telkom Indonesia: IndiHome broadband base tops two million
Indonesian fixed and broadband provider PT Telekomunikasi Indonesia (Telkom) says its IndiHome triple-play fibre service had two million subscribers at 30 June 2017, up from 1.6 million at the start of the year. Going forward, the company says its fibre-to-the-home (FTTH) network will be being used by three million people as Telkom continues efforts to modernise its legacy copper-based network with new technology.
— TeleGeography

Indonesia Joins Over 120 Countries in Adopting Treaty to Ban Nuclear Weapons
Indonesia joined more than one hundred countries at the United Nations in New York on Friday (07/07) to endorse a treaty prohibiting the proliferation of nuclear weapons, with the eventual aim to eliminate global nuclear arms stockpiles.
— Jakarta Globe

Qatar National Bank injects Rp 2.18t into QNB Indonesia
The Qatar National Bank QPSC (QNB Group) as the controlling shareholder of Bank QNB Indonesia has injected Rp 2.18 trillion (US$162.72 million) into the bank as capital paid in advance as well as acting as standby buyer in the rights issue of Bank QNB Indonesia.
— The Jakarta Post

Gov’t Lays Groundwork for Geothermal Exploration Fund
Indonesia has laid the groundwork for a $270 fund to finance geothermal exploration, as part of the country’s efforts to boost renewable sources of energy.
— Jakarta Globe

HSBC triggers palm oil investigation to prevent forest destruction
HSBC has just triggered an investigation into a palm oil company which is preparing to clear a huge area of pristine forest in Indonesia.
— Greenpeace UK

Indonesia Stock Exchange Imposes Freeze due to Technical Issues
Earlier this morning the Indonesia Stock Exchange (IDX) released a statement that it could not deliver any data on Monday morning (10/07) due to technical issues. As usual, trading opens at 09:00 am local Jakarta time. However, the IDX website showed no activity of the Jakarta Composite Index. This was later attributed to a data-feed error.
— Indonesia Investments

German-funded agency to help Indonesia prevent forest fires
An independent research-based agency that was launched on Monday in Jakarta is set to assist Southeast Asian countries in addressing serious challenges related to the management of forest fires in the region.
— The Jakarta Post

Cultural Diplomacy Activities to Get Closer Ties between Indonesia and Russia
The first group of 24 teachers, students, as well as activists from senior high schools, colleges and NGOs in Moscow, Russia have arrived in Jakarta to join the activities of Indonesian Competency Enhancement.
— Netralnews

UGM Crowned Indonesia Robotic Contest Overall Champion
The Gadjah Mada University (UGM) robotic team has been crowned the overall champions of the Indonesia Robotic Contest 2017 held at the Indonesia University of Education. UGM won one gold medal, two bronze medals and an award for best artistic design in five categories being competed.

More Than 1,000 Facing Layoff After 7-Eleven Closure
The Indonesian Retailers Association, or Aprindo, says the closure of 7-Eleven outlets on June 30 may lead to a layoff of more than 1,000 employees at Modern International, the master franchisor of the stores in Indonesia.
— Jakarta Globe

Free-trade agreement: Australia-Indonesia deal on fast track
FREE-trade agreements are on the fast track, with aims to seal an Australia-Indonesia deal by the end of the year.
— Weekly Times Now

Indonesia Advocates for Continued Palm Oil Production at Meetings With EU Reps
Indonesia last week expressed concerns regarding the European Parliament’s resolution on palm oil and deforestation during meetings with delegations of the European Union and has urged a more comprehensive discussion on the issue.
— Jakarta Globe

Indonesia Invites South Korean Investors
Indonesian Minister of Industry Airlangga Hartarto has visited South Korea to seek business deals and attract South Korean investors to Indonesia.


Feature photo Gunawan Kartapranata

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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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