Indonesia Morning News For March 22

Indonesia Morning News For March 22
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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.


Indonesia morning news

Indonesia sells 7.87 trln rupiah of Islamic bonds, above target
Indonesia’s finance ministry sold 7.87 trillion rupiah ($590.9 million) of Islamic bonds at an auction, above the indicative target of 6 trillion rupiah, its financing and risk management office said on Tuesday.
— Times of India

Indonesia Tax Amnesty Nets $330b, Now for Reform
Southeast Asia’s biggest economy this month is winding up one of world’s most successful tax amnesties, with at least 745,000 taxpayers declaring more than $330 billion of assets so far.
— Jakarta Post

Indonesia Needs USD 70 billion for Infrastructure Projects
Wismana Adi Suryabrata, deputy for the infrastructure of the National Development Planning Agency (Bappenas), Indonesia requires USD 70 billion (IDR932 trillion) annually to support infrastructure development. Wismana explained that the government has to fill USD 50 billion infrastructure budget gap.
— Tempo

U.S. Businesses See Signs of Protectionist Shift in Indonesia
U.S. businesses are sensing a shift toward more protectionist policies in Indonesia in recent months even as President Joko Widodo is seeking to lure foreign investment into Southeast Asia’s biggest economy.
— Bloomberg

Indonesia in focus for Aussie fresh produce exports
The Australian Horticulture Exporters’ Association (AHEA) has ensured that Australian horticultural industries were well represented in Jakarta during the recent Australia-Indonesia Business Week.
— Fresh Fruit Portal

Indonesia palm export growth ‘to stay weak’, despite output jump
US officials flagged stagnation in Indonesia’s palm oil exports, with importers seeing better value in rival vegetable oils, even as production looks on track for strong growth, as a hangover from El Nino wears off.
— Agrimoney

METALS-Copper hits one-week low as Chile and Indonesia supply woes fade
Copper hit a one-week low on Tuesday as talks to resolve a strike at the world’s biggest copper mine in Chile were set to resume and production at another huge mine in Indonesia restarted.
— Reuters

Russia, Indonesia Launch Draft Contract Talks on Delivery of Su-35 Fighters
Russia and Indonesia launched negotiations over a draft contract on the delivery of Russian Su-35 Flanker multirole fighters to Jakarta, the deputy director of Russia’s Federal Service for Military-Technical Cooperation (FSMTC) told Sputnik.
— Sputnik International

Indonesia stocks higher at close of trade; IDX Composite Index up 0.16%
Indonesia stocks were higher after the close on Tuesday, as gains in the Mining, Agriculture and Financials sectors led shares higher.
— Investing

Live together for peace, trade for prosperity
Highs, lows, bumps and bruises, I have experienced a lot in my four years as the Indonesian ambassador to Australia. I have heard statements from many people that Indonesia is important to Australia and that Australia is vital to Indonesia.
— Pakistan Observer

Indonesia police say Interpol issues red notices for three Sinopec executives
Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.
— Reuters

Freeport Indonesia resumes copper concentrate production
Freeport McMoRan’s Indonesian unit has resumed production of copper concentrate at its giant Grasberg mine, a spokesman told Reuters on Tuesday, ending a more than one-month stoppage.

Ministry declares 18,882 meter square of Raja Ampat coral reef damaged
A total of 18,882 meter square of coral reef in the Raja Ampat sub-district, West Papua, had been declared damaged by the Coordinating Ministry for Maritime Affairs.
— Antara News

Indonesia has 10th highest number of female coders in world
While it is commonly known that women are highly underrepresented in the fields of science, engineering, technology and mathematics, website HackerRank wanted to see exactly how many women around the world were taking their coding tests and where they came from.
— The Jakarta Post

Indonesia to fuel coal demand: New Hope boss
New Hope Group managing ­director Shane Stephan says the outlook for thermal coal used in power stations should be ­bolstered in coming years as ­Indonesia, the world’s biggest exporter, considers domestic coal reservation.
— The Australian

Barry Callebaut Expands Cocoa Nurseries Program in Indonesia
One of Barry Callebaut’s primary goals in Forever Chocolate is to lift more than 500,000 farmers out of poverty. To get there, we can improve farm productivity and increase the yield of high-quality cocoa. Doing this will enable farmers to sell their cocoa at higher prices and gain access to a better quality of life.
— Food Ingredients First

Twitter Indonesia Country Head Roy Simangunsong shifts roles, to be replaced by new Industry Head Novita Jong
Twitter Indonesia Country Head Roy Simangunsong announced on a series of tweets on Friday that he is resigning from the position.
— Yahoo News

Indonesia, US Launch $20 Million Research Program
Indonesia and the United States on Tuesday launched a US$20 million research program called USAIDs Sustainable Higher Education Research Alliances Program (USAID SHERA) for five Indonesian institutes of higher learning.
— Netral News

Police urged to reveal faces of suspected pedophiles to public
The Indonesian Child Protection Agency (LPAI) has demanded that the National Police reveal to the public the faces of suspected pedophiles involved in the now-closed Facebook group containing child pornography.
— The Jakarta Post

Indonesia gives tobacco bill a shot
The tobacco bill is not dead yet, despite the government’s earlier claim that it would kill the bill.
— The Jakarta Post

Aberdeen Indonesia Fund, Inc. Announces Performance Data And Portfolio Composition
Aberdeen Indonesia Fund, Inc. (the “Fund”) (NYSE MKT: IF), a closed-end equity fund, announced today its performance data and portfolio composition as of February 28, 2017.
— Yahoo Finance

Ministry to provide insurance to all Indonesian fishermen
Kolaka, S Sulawesi (ANTARA News) – The Marine Affairs and Fisheries Ministry will provide insurance to all Indonesian fishermen as mandated in the Indonesian Constitution.
— Antara News

Pressure on Jokowi as Indonesian tribe leaders slam progress of rights pledges
LEADERS of Indonesia’s indigenous communities aired their disappointment with the government during their fifth national congress near Medan in North Sumatra, accusing President Joko “Jokowi” Widodo of failing to deliver on promises that helped him win the last presidential contest.
— Asian Correspondent

SMF plans to increase issuance of asset-backed securities
State-owned secondary mortgage financing firm PT Sarana Multigriya Financial (SMF) plans to increase the issuance of asset-backed securities in the form of participation certificates (EBA-SP) to Rp 2 trillion (US$150.28 million) this year, up from Rp 1.5 trillion last year.
— The Jakarta Post

High-speed railway financier wants clarity on spatial plan
State-owned Enterprises (SOEs) Minister Rini Soemarno denied on Tuesday that the China Development Bank (CDB) is withholding the disbursement of agreed-upon loans for the construction of the Jakarta-Bandung high-speed railway until the project’s land acquisition process is fully completed.
— The Jakarta Post

Indonesian authorities encourage citizens to control improper contents on Facebook
Indonesian authorities have encouraged citizens to pay more attention to their children following the recent dismantling by police of a closed Facebook page called the Official Candy’s Group, which had 7,000 members and allegedly contained hundreds of videos and photographs considered to be child pornography.
— The Jakarta Post

Police warn citizens not to participate in “Al-Maidah Tour”
The Jakarta Police have warned people not to take part in the so-called Al-Maidah Tour, which is being facilitated through an Android application that encourages Indonesians to come to Jakarta to guard polling stations during the April 19 Jakarta gubernatorial election runoff.
— The Jakarta Post

Depok rejects 45 passport applicants
The Depok Immigration Office in West Java rejected on Monday the applications of 45 people to get passports, claiming that the applicants had failed to submit proper data.
— The Jakarta Post

Ahok to Tap Jakarta Regional Budget to Assist the Elderly Poor
Incumbent Governor Basuki “Ahok” Tjahaja Purnama said due to the increasing number of the elderly poor in the capital, his administration will no longer be able assist them from operational funds alone and that it would have to tap the regional budget to issue them with Jakarta Elderly Cards, or KJL.
— Jakarta Post

Government to issue new policy package on logistics
The government will soon issue a new economic policy package on logistics mainly to speed up loading and unloading at ports to reduce dwelling time of ships.
— Antara News

Indonesia, Namibia reaffirm relations on 25th anniversary
Friendly toast: Namibian ambassador to Indonesia Anne Namakau Mutelo (right) and Industry Minister Airlangga Hartarto make a toast during the 27th anniversary of the Namibian National Day in Kuningan, Jakarta on Tuesday.
— The Jakarta Post



Feature photo Roman Woronowycz

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Indonesia morning news 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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