Welcome to the Indonesia morning news roundup by AEC News Today, your one stop for Indonesia news on matters of governance and policies affecting Asean business communities.
Indonesia offers Saudi Arabia chance to invest in three more oil refineries
Indonesia has offered Saudi Arabia the opportunity to invest in three more oil refineries — in Dumai, Riau; Balongan, West Java; and Bontang, East Kalimantan.
— The Jakarta Post
Hyperloop begins feasibility study in Indonesia
Hyperloop Transportation Technologies (HTT), one of the entities developing a type of futuristic vacuum-tube based transportation system, says it’s conducting a US$2.5 million feasibility study for three possible routes in Indonesia.
— Tech in Asia
Indonesia Foreign Exchange Reserves Up by USD3bn
Indonesia’s foreign exchange reserves was up by USD3 billion to USD119.9 billion as of end-February 2017. The increase was attributable to, among others, the stability of the rupiah against foreign currencies that resulted in the lack of use of foreign exchange reserves for monetary operations.
— Tempo
Malaysia, Indonesia biodiesel production forecast to rise in 2017
Malaysia will produce about 900,000 tonnes of biodiesel in 2017, up about 80 percent from half a million tonnes last year, while Indonesian output will rise to 3.5 million tonnes this year from 3 million tonnes in 2016, an industry expert said on Tuesday.
— Astro Awani
Goldman sees Indonesia luring US$5b from Japan on S&P
Indonesia is set to attract as much as US$5 billion in funds from Japan should S&P Global Ratings raise the nation’s debt rating to investment grade, according to Goldman Sachs Group Inc.
— The Business Times
Japanese, Singaporean banks finance controversial Indonesian coal plant
After French banks pulled out of the project, $3.36 billion in financing for the Tanjung Jati B coal plant has been provided by a syndicate of Asian banks.
— eco-business
OJK to set up investment alert task force
The Financial Service Authority (OJK) plans to set up an investment alert task force at a district/municipal level across Indonesia, a spokesman said.
— Antara News
Installation of nationwide fibre-optic network in Indonesia to be completed by 2019
The Indonesian Minister of Communications and Information said last week that the installation of fibre-optic network under the Palapa Ring Project is expected to be completed by 2019. Currently 400 out of 514 regencies have been connected with the network enabling high-speed Internet access and the remaining 114 will be completed by the deadline.
— Open Gov
Australia Says No Plan for Joint South China Sea Patrols With Indonesia
Australian Prime Minister Malcolm Turnbull said on Tuesday (07/03) that his country aimed to work more closely with Indonesia over maritime security, but there was no plan for the neighbors to hold joint patrols in the South China Sea.
— Jarkata Globe
Telekomunikasi Indonesia Delivers 14% Sales Growth In 2016
Indonesian communications giant Telekomunikasi Indonesia (NYSE:TLK) reported fourth-quarter results Tuesday morning. The company enjoyed strong growth in broadband subscriptions and business data sales.
— Motley Fool
Indonesia: Mandiri Capital leads series-A round in P2P startup Amartha
Mandiri Capital Indonesia, the investment arm of state-owned Bank Mandiri, has led a series-A funding round into Amartha, a peer-to-peer (P2P) lending platform for small and medium enterprises.
— Deal Street Asia
Indonesia’s Anti-Gafatar Campaign Ends in Blasphemy Convictions
The Indonesian government’s persecution of the Gafatar religious community resulted in blasphemy convictions today of three of the group’s leaders. A Jakarta court handed down five-year prison terms to both Gafatar’s founder, Ahmad Moshaddeq, and president, Mahful Muis Tumanurung, while the group’s vice-president received a three-year sentence. The judge ruled the three men had “tarnished one of the religions in Indonesia deliberately in public.”
— Human Rights Watch
Leaders’ Retreat to mark 50 years of Singapore-Indonesia ties to be held in September
Singapore will hold a Leaders’ Retreat in the Republic in September to celebrate 50 years of “good, wonderful” bilateral relations with Indonesia.
— The Straits Times
Indonesia: Government must investigate Wilmar labour practices as company attempts to cover up abuse claims
Agri giant Wilmar’s campaign to cover up labour abuses exposed in a damning Amnesty International report is being aided by the Indonesian government’s failure to investigate claims against the palm oil company.
— Amnesty International
Indonesia Hopes to Export Goods, Not Workers, to Saudi Arabia
Indonesian businesses should expect a steady increase in trade relations and closer cooperation on infrastructure development projects with Saudi Arabia following King Salman bin Abdulaziz Al Saud’s visit to the country this month.
— Jakarta Globe
MP Steven Ciobo Apologises For Announcing Indonesia Flights Deal On Anniversary Of Plane Crash
Federal Tourism Minister Steven Ciobo has apologised for announcing an agreement for additional flight services between Indonesia and Australia on the 10th anniversary of a plane crash in Indonesia that killed 21, including 5 Australians.
— Huffington Post Australia
Iran, Indonesia mull expanding ties
As two developing Muslim countries, Iran and Indonesia have always enjoyed many commonalities.
— Mehr News Agency
Indonesia sells 6.1 trln rupiah of Islamic bonds, above target
Indonesia’s finance ministry sold 6.1 trillion rupiah ($457.17 million) of Islamic bonds at an auction, above the indicative target of 6 trillion rupiah, its financing and risk management office said on Tuesday.
— Nasdaq
Indonesia’s Dattabot, HukumOnline develop legal search engine
JAKARTA-based data analytics company Dattabot, previously Mediatrac, joins forces with legal media and reference company HukumOnline to develop what they say is Indonesia’s first smart search engine called HukumOnline Advanced Search.
— Digital News Asia
Indonesia Used Car Industry Outlook to 2021: Carmudi, OLX and Mobil88 have Streamlined the Used Car Industry in the Country – Research and Markets
Research and Markets has announced the addition of the “Indonesia Used Car Industry Outlook to 2021 – Increasing Online Used Car Portals and Competitive Used Car Financing Schemes to Foster Future Growth” report to their offering.
— Business Wire
Jokowi Highlights Commitment to Eradicate Illegal Fishing in IORA Summit
President Joko “Jokowi” Widodo highlighted his commitment to eradicate illegal fishing in Indonesian waters as part of an effort to preserve the country’s maritime ecosystem and environment during the Indian Ocean Rim Association, or IORA, Summit in Jakarta on Tuesday (07/03).
— Jarkata Globe
Sumarsono Returns as Jakarta Acting Governor While Ahok Starts Runoff Campaign
Director general for regional autonomy at the Ministry of Home Affairs, Sumarsono, has temporarily taken over as Jakarta governor, while incumbent Basuki “Ahok” Tjahaja Purnama on Tuesday (07/03) starts his runoff election campaign.
— Jarkata Globe
Indian Ocean can become new economic power: Jokowi
President Joko “Jokowi” Widodo has said that fast economic growth in countries bordering the Indian Ocean could turn the region into an economic force to be reckoned with.
— The Jarkata Post
Three developers ordered to build low-cost apartments
The Jakarta administration has ordered three developers to build seven new towers of low-cost apartments in West Jakarta.
— The Jarkata Post
Bali to become promising destination for Middle East tourists
Bali, which has various attractive aspects ranging from natural beauty, culture, culinary, and religious diversity, is already known as one of the worlds best tourist destination.
— Antara News
Business sector urges IORA to empower women
The business sector of the Indian Ocean Rim Association (IORA) urged governments and private sector to further encourage the empowerment of womens roles in society.
— Antara News
Whirlwind destroys hundreds of houses in Malang
A whirlwind struck Lang Lang village in East Javas Malang district on Tuesday, leaving seven people injured and 248 houses damaged.
— Antara News
Feature photo: John Le Fevre
The Indonesia morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.
Indonesia Morning News For March 8 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
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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