Indonesia Morning News For July 6

Indonesian Stock Market Looking Strong This Year, May Exceed Expectations: Analyst
Indonesia’s main stock market looks strong this year with analysts confident that the benchmark Jakarta Composite Index, or JCI, could exceed market expectations on the back of faster economic growth, a report by local brokerage firm Bahana Securities shows.
— Jakarta Globe

Indonesia’s oil regime needs an overhaul
Indonesia’s attempts to attract much-needed global investment to its oil and gas industry met a lukewarm international response in its latest tender round.
— Financial Times

All Indonesian returnees from Syria must undergo deradicalization program
All Indonesians returning from Syria must join a deradicalization program as required by the National Counter-terrorism Agency (BNPT), The Jakarta Post Online reported on Tuesday.
— Thai PBS

House gives green light to 2017 budget assumptions
Budget talks: Finance Minister Sri Mulyani Indrawati (second left), National Development Planning Agency chief Bambang Brodjonegoro (second right), Bank Indonesia Governor Agus Martowardojo (left) and Deputy Finance Minister Mardiasmo (right) get ready to participate in a meeting with members of House of Representatives’ budget committee on Wednesday.
— The Jakarta Post

Jakarta MRT fare could reach Rp 17,000 before subsidy
The tariff for Jakarta’s first Mass Rapid Transit (MRT) may be set at Rp 17,000 (US$1.27), an official from PT MRT Jakarta said on Wednesday
— The Jakarta Post

83 Indonesians sought over connections to IS
At least 83 Indonesians are on the police’s most-wanted list for their alleged involvement with the Islamic State (IS) movement, an official said on Wednesday.
— The Jakarta Post

Property in Indonesia: Investment in Homestays & Houses in Yogyakarta
Investment in homestays as well as the value of houses in Yogyakarta have risen significantly after local authorities implemented a moratorium on new hotel development (effective since Jan. 1, 2014 and will last until at least 1 Jan. 2018).
— Indonesia Investments

Indonesia has rejected entry for 107 convicted foreign pedophiles so far in 2017: immigration
Indonesia has prevented the entry of 107 convicted pedophiles from abroad so far this year according to new data released by the Immigration Directorate General.
— Coconuts Jakarta

Australia beefs up intel sharing with Indonesia amid fresh warnings
Australia and Indonesia are beefing up intelligence-sharing arrangements amid fresh warnings from Indonesian police about returning foreign fighters.
— The Australian

Indonesia’s June refined tin exports down 48 pct y/y – trade ministry
Indonesia exported 4,004.86 tonnes of refined tin in June, Trade Ministry data showed on Wednesday, down 48 percent than the same month last year. Shipments of refined tin in June were also 43 percent lower than in May. Indonesia exported 6,989.43 tonnes of refined tin in June 2016.
— Times of India

Sarawak, Indonesia recorded external trade of RM1.491 bln last year
MIRI: Sarawak and Indonesia recorded external trade totalling RM1.491 billion last year.
— The Borneo Post

FGV’s stake sale plan to Indonesia tycoons on hold — sources
Talks to sell stakes in Felda Global Ventures Holdings Bhd (FGV) to two Indonesian billionaires have been suspended due to a management crisis at the world’s third biggest palm plantation group, sources close to the deal said.
— The Edge Markets MY

Indonesia Confirms No Fuel Oil Prices Hike
Energy and Mineral Resources (ESDM) Minister Ignasius Jonan said that the government will not raise the prices of fuel oils and liquefied petroleum gas (LPG) from July 1 to Sept 30, 2017.
— Netralnews

Shares of Megapower Makmur Soar in Trading Debut
Shares of independent power producer Megapower Makmur soared during its market debut on the local bourse on Wednesday (05/07) amid investor confidence in the business prospects of newly listed companies.
— Jakarta Globe

Investment Analysis of Construction Industry in Indonesia to See Incredible Growth by 2021
Indonesia is known as the second most useful and productive progression include in Asia, where unlimited attempts are experiencing in both private and in addition non-private divisions.
— openPR (press release)

Minister deplores marriage of teenager with elderly woman
Social Affairs Minister Khofifah Indar Parawansa has deplored the marriage between an underage boy with a 71-year-old woman in Lengkiti Sub-district, Ogan Komering Ulu regency, South Sumatra.
— The Jakarta Post

Indonesian Researcher Invents Poultry Antibody
Researchers from the Faculty of Animal Husbandry, Gadjah Mada University (UGM) Yogyakarta invent an original probiotic of Indonesias organic chicken that one of its functions as antibodies to poultry in the country.
— ThePoultrySite.com

Feature photo Dan Lundberg
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.

Indonesia Morning News For July 6 added by Stella-maris Ewudolu on July 6, 2017
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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.