Indonesia Morning News For May 29

Alsons plans energy investment in Indonesia
ALCANTARA-LED Alsons Consolidated Resources, Inc. (ACR) is eyeing Indonesia for the expansion of its energy portfolio as part of a bid to grow into a regional energy player and amid the immense potential offered by the Asean economic integration.
— The Manila Times

High-Ranking Auditors Nabbed in Bribery Case Sting
Indonesia’s Corruption Eradication Commission, or KPK, nabbed high-ranking auditors from the Supreme Audit Agency, or BPK, and several other government officials during two separate sting operations in Jakarta on Friday (26/05) for alleged involvement in a bribery case, the commission’s deputy chairman said.
– Jakarta Globe

Indonesia’s ’Pro-Apple’ Local Content Rule Irks Smartphone Rivals
Another sudden regulatory change in Indonesia is baffling foreign companies, this time over the mandatory use of local components in fourth-generation smartphones sold domestically.
— Netral English

Economic populism too costly for Indonesia
Globalization is undoubtedly in a difficult phase. In the Western world, it is often seen as a force that destroys manufacturing jobs, while populists in emerging economies consider it a driver for premature de-industrialization.
— The Jakarta Post

Indonesia pushes for stronger cooperation at health assembly
Indonesia is aiming to strengthen bilateral cooperation on health issues as Health Minister Nila Moeloek meets her counterparts on the sidelines of the World Health Assembly (WHA) in Geneva, Switzerland.
— The Jakarta Post

Short-Term Signal Watch on P.T. Telekomunikasi Indonesia Tbk (TLK)
Checking in on the short-term signals on P.T. Telekomunikasi Indonesia Tbk (TLK), we note that the current 7-day average directional indicator is Buy.
— The Stock Rover

Most Indonesian smartphone users dissatisfied with default browsers
A SURVEY conducted in the six biggest cities in Indonesia revealed that nearly half of respondents are not satisfied with their default browsers because of slow browsing speed, high data consumption and frequent crashes.
— Digital News Asia

Indonesian Firms Likely Avoid the Worst Consequences of Strong Dollar
Multinationals and foreign companies that borrow in U.S. dollars could get squeezed by higher borrowing costs if the greenback strengthens, according to a report from J.P. Morgan Chase & Co’s investment bank.
— Netral English

Adding a Premium to Indonesian Products and Services
A Japanese man who was once an exchange student in Jordan was amused when he saw packs of Indomie(s) fill in the aisles of a hypermarket in Jakarta. “Wow, so there is also Jordanian noodles here?” he said, adding that the noodle was essential for his breakfast while in Jordan. Little did he know that Indomie is actually an Indonesian brand; the ‘Indo’ seems not helping so much to indicate the product’s country of origin (COO).
— Global Indonesian Voices

Indonesian Borneo is finished: Pollution reaching epic proportions
How destructive can man get, how ruthless, in his quest to secure maximum profit, even as he endangers the very survival of our planet?
– RT

RAINBOW COLORED VILLAGE! INDONESIAN GOVERNMENT INVEST OVER $20K TO PAINT 232 SLUM HOUSES
Housing communities have various stipulations owner’s must adhere to. On a recent trip, I asked a friend why every single house was the same color. The rules, they said, were to ensure no one painted their house a bright, or unsightly color.
— Collective Evolution

Feature photo David Stanley
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Indonesia Morning News For May 29 added by Leakhena Khat on May 29, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.