Indonesia Morning News For May 25

Indonesia Morning News For May 25

Indonesia morning news

Pressure Cooker Bombs Allegedly Used in Kampung Melayu Attacks
he National Police spokesman Insp. Gen. Setyo Wasisto alleges the suicide bombers in Kampung Melayu, east Jakarta used pressure cooker bombs. The allegations were based on bomb debris found at the scene.

Indonesia president approves two-year extension of forest moratorium
Indonesian President Joko Widodo has approved a two-year extension to a moratorium on issuing new licences to use land designated as primary forest and peatland, the environment and forestry minister said on Wednesday.
– The Edge Markets

Premium Sales Decline due to Changing Consumers Behavior
State-owned oil and gas company Pertamina marketing director Muchamad Iskandar said that the number of consumers of RON 88 or Premium fuel in the first quarter of 2017 significantly declined compared to 2016.

Bank Indonesia Ready to Restart Talks on Rupiah Redenomination
Bank Indonesia is ready to restart discussions with the House of Representatives on the redenomination of the rupiah, a director at the country’s central bank said on Wednesday (24/05).
– Jakarta Globe

SKK, BPH Migas will be Disbanded
The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) and the Downstream Regulatory Agency for Oil and Gas (BPH Migas) will be disbanded and replaced by a special oil and gas agency (BUK Migas). The SKK Migas and BPH Migas will be merged to form a new institution regulating upstream and downstream businesses.

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BKPM: US$400mn Business Agreements Reached at Invest Manado
Manado International Conference on Tourism (Invest Manado) held by the Investment Coordinating Board (BKPM) has resulted in business agreements worth US$400 million.

Indonesia Expects $10b FDI Boost From S&P Rating Upgrade
The Investment Coordinating Board, or BKPM, estimates Indonesia may see an additional $10 billion in foreign direct investment over the next two years after the country secured investment-grade status.
– Jakarta Globe

Pertamina Operates Mahakam Block in January 2018
State-owned enterprise Pertamina CEO Elia Massa Manik said that the company is preparing itself to take over the Mahakam block in 2018.

Ancol to Build World’s Largest SeaWorld Park in Two Years’ Time
Jakarta city-owned company PT Pembangunan Jaya Ancol will build the world’s largest SeaWorld park in two years’ time. Pembangunan Jaya Ancol director Teuku Sahir Syahali revealed that the management is conducting a comparative research in SeaWorld parks in Japan, the United States and China.

Indonesia police publicly steamroller 100k bottles of booze ahead of Ramadan (PHOTOS)
Police have publicly steamrollered thousands of bottles of alcohol in Indonesia, as a special reminder to believers to keep away from strong beverages ahead of the holy month of Ramadan observed by Muslims worldwide.
– RT

Google Indonesia Expects Online Sales to Jump During This Year’s Ramadan
Indonesian online marketplace and e-commerce sites are set for their biggest sales period of the year as the Islamic holy month of Ramadan approaches, a Google executive said on Tuesday (23/05).
– Jakarta Globe


Policy upheavals buffet mining in Philippines, Indonesia
In the eyes of Diosdado Alota, chief of Guinabon village in the northwest Philippines, the mining industry is key to his community’s health.
– Nikkei Asian Review (paywall)

Suspected suicide bombers kill 3 police officers, wound 10 in Jakarta
Two suspected suicide bombers killed three Indonesian police officers and injured 10 people on Wednesday night in twin blasts near a bus station in the eastern part of the capital, police said.
– Reuters


Feature photo David Stanley
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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