Indonesia Morning News For June 20

Indonesia Morning News For June 20

Indonesia morning news

Indonesia launches web monitor to keep check on food price inflation
In a move designed to help keep food prices stable and inflation in line with official targets, Indonesian officials have launched a website to monitor the prices of the 10 main food commodities.
— Food Navigator Asia

East Ventures leads $500k investment in Singapore-based startup Airfrov
Indonesian VC firm East Ventures has led a $500,000 follow-on investment round into Airfrov, a Singapore-based P2P shopping platform. New investors also participated, including Carro CEO Aaron Tan, the company said in a statement.
— Deal Street Asia

Construction Giant Adhi Karya Seeks to Raise $260m in Bond Sale
State-owned construction company Adhi Karya expected to raise Rp 3.5 trillion, or $263 million, from a bond sale on Monday (19/06) to pay back debts and fund future business expansions, the company wrote in a filing to the Indonesia Stock Exchange.
— Jakarta Globe

BKPM Sets 17.2 Percent Direct Investment Growth Next Year
Indonesia’s Investment Coordinating Board, known as the BKPM, has set a total direct investment target — from both foreign and domestic investors — of 17.2 percent next year, thanks to a recent upgrade in the country’s sovereign investment rating and a forecast of generally stable investment climate in 2018.
— Jakarta Globe

Indonesia, Malaysia, Philippines inaugurate trilateral maritime patrols
Tarakan, N Kalimantan (ANTARA News) – The defense ministers of Indonesia, Malaysia, and the Philippines inaugurated the trilateral coordinated maritime patrols of “Indomalphi” as a response to addressing security challenges in the countries maritime borders.
— Antara News

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Facebook Gets Initial Approval to Set Up Local Unit in Indonesia: Source
Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base.
— New York Times

TOCOM falls; Indonesia not worried about slumping prices
Benchmark TOCOM rubber futures extended declines to a near one-week low on Tuesday, after the world’s No.2 producer Indonesia said it is not worried about a recent slump in prices as market fundamentals remain strong.
— Times of India

Investors Shun Indonesia Developer Stocks Amid Home Price Surge
Analysts love them, investors loathe them. Three out of the seven Indonesian stocks which have unanimous buy recommendations from analysts are residential developers and all of them have fallen by at least 18 percent this year.
— Bloomberg

Robbery gang amasses Rp 1 billion in two months
An armed robbery gang, known as the Lampung Gang, operating in Jakarta and other areas carried out robberies in 23 locations and amassed Rp 1.18 billion (US$ 88,815) within two months, the police have said.
— The Jakarta Post

Rising job opportunities in Indonesia’s digital realm
INDONESIA has seen a large number of e-commerce and digital players rapidly expanding and hitting the market with demands for human capital.
— Digital News Asia

Indonesian group invests in Malaysian healthcare tech startup
SHAH ALAM: The Hamami Family, ranked as one of the richest in Indonesia by Forbes, has invested in BookDoc, a healthcare technology start-up which has its headquarters in Malaysia.
— Free Malaysia Today

Nickel production to grow for first time since 2013 — report
Global nickel production will come out of negative territory this year for the first time since 2013, driven by Indonesia’s export ban moderation, a new report published Monday shows.

Four Foreign Inmates Dig Tunnel to Break Out of Bali Jail
Indonesian police have launched a search for four foreign inmates who escaped from an overcrowded prison in Bali by crawling through a narrow tunnel dug under the walls, authorities said on Monday (19/06).
— Jakarta Globe

Max Excise to Curb Smoking, Cover Health Care Deficit in One Swoop: Academics
The government has means at hand to reduce tobacco consumption and at the same time close a gaping universal health insurance budget deficit, without having to consult it with the House of Representatives, say University of Indonesia academics.
— Jakarta Globe

Kalla urges enterprises to meet orphans` education costs
Jakarta (ANTARA News) – Indonesian Vice President Jusuf Kalla has urged corporations, particularly state-owned enterprises (BUMN), to meet the education costs of orphans by channeling grants or scholarships.
— Antara News

Turkey to build schools in Aceh province
Banda Aceh (ANTARA News) – The Turkish government has expressed its wish to build several schools in Aceh province and bring teachers from the country to Indonesia.
— Antara News

Mayor of Padang declares city will be cigarette-advertising-free by 2018, not afraid of Rp 4 billion revenue loss
If you know anything about smoking in Indonesia, you know it’s an enormous health problem of epidemic proportions. The government’s reliance on revenue from the tobacco industry has led to lax regulations that allow cigarette advertising to be nearly ubiquitous in many places (especially around schools) as well as some of the highest smoking rates in the world and well over 200,000 tobacco-related deaths per year.
— Coconuts Jakarta

Indonesian students’ tempeh experiment arrives in space
The oh-so-popular Indonesian food, tempeh, might someday feed astronauts and space explorers.
— The Jakarta Post


Feature photo Merdeka Online
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).

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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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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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