Indonesia Morning News For May 30

Indonesia Morning News For May 30
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Bank Indonesia : Economy Unaffected by Jakarta Bombings
The Governor of Bank Indonesia Agus Martowardojo said that Indonesia’s economy is unaffected by suicide bombings in Kampung Melayu, East Jakarta. According to him, the recent drop in the rupiah was caused by stronger US dollar.

SOEs threaten private firms
When the current administration rolled out the idea of spurring robust infrastructure development across the country, it realized many of the projects were not commercially feasible enough to lure in the necessary investment.
The Jakarta Post 

Indonesia to become LNG net importer by 2020
Fitch Group’s BMI Research said Indonesia is projected to become a net importer of Liquefied Natural Gas (LNG) by 2020, with an estimated annual growth rate of 4% over the next 10 years. This was amid the increasing demand and dwindling output at mature gas fields.
– International Business Times

Indonesia’s Salim Group Wants to Build a “New Bank Central Asia”
The banking sector is nothing new to the Salim Group. The group was the founder of Bank Central Asia (BCA), one of Indonesia’s leading banks and among the largest companies listed on the Indonesia Stock Exchange (in terms of market capitalization).

Uber Join Hands with Trafi App
App-based transportation services Uber has joined hands with multimodal transport app Trafi to help residents in Greater Jakarta, or Jabodetabek, combine public transport and ridesharing services.

Government develops infrastructure for locals in tourism areas
The Public Works and Public Housing Ministry on Monday signed cooperation agreements with seven regional administrations for the construction of infrastructure for local residents in tourism areas.
The Jakarta Post 

Indonesia And Australian Complete 7th Economic Partnership Round
The seventh round of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA CEPA) last week saw a recommitment to cooperation between the two countries.
Indonesia Expat 

Indonesia Dairy Market 2011-2017 – Research and Markets
Industrial applications of dairy products should be treated with caution when comparing data across categories. For example, care should be taken when comparing like for like data, i.e. sales of processed cheese volumes versus cheddar volumes there can be a risk of double counting.
PR Newswire 

Masela production capacity most likely 7.5 mtpa: Minister
Energy and Mineral Resources Minister Ignasius Jonan has said the onshore liquefied natural gas (LNG) plant for the gas-rich Masela block will most likely have a production capacity of 7.5 million tons per annum (mtpa) and 474 million standard cubic feet per day (mmscfd).
The Jakarta Post 

Indonesia Must Revise Antiterrorism Law, Early Action Necessary: Top Spook
State Intelligence Agency chief Budi Gunawan said that revisions to the 2003 Antiterrorism Law can no longer be delayed, as they will authorize law enforcers to apply preventive measures in fighting terrorism, Beritasatu reported on Sunday (28/05).
Malaysian Digest 

WIKA Pays Rp 1.2 Tln for Rapid Train Project
PT Wijaya Karya (WIKA) Tbk, a state-owned enterprise (SOE) in infrastructure sector, will pay its second tranche of investment of Rp 1.2 trillion to PT Kereta Cepat Indonesia China (KCIC) in June 2017 through a SOE enterprise of PT Pilar Sinergi BUMN Indonesia (PSBI).
– Netral News

Indonesian government tells Rizieq Shihab supporters to respect legal process
Religious Affairs Minister Lukman Hakim Saifuddin said supporters of firebrand cleric Rizieq Shihab should respect the police’s decision to name the Islam Defenders Front (FPI) leader a suspect in a pornography case and called on them to not stage any protests that could be seen as an effort to hamper the legal process.
The Jakarta Post 

Bank Victoria to issue Rp 350 billion of bonds in July
Publicly listed lender PT Bank Victoria International plans to issue Rp 350 billion (US$26.27 million) worth of bonds in July to strengthen its funding and to refinance previous bonds that will mature this year.
The Jakarta Post 

Govt Yet to Evacuate 16 Indonesians from Marawi
Foreign Minister Retno Marsudi said that Indonesian representatives in the Philippines have yet to enter Marawi city to find Indonesian citizens. “Because [military] operations are ongoing,” she said yesterday, May 29, at the Bogor Palace. Meanwhile, the ministry continues to communicate with the Philippine authorities.

Indonesia promotes tourist destinations in China
Indonesia is aggressively promoting 10 “New Bali” destinations at events in Shanghai and Chengdu, China.
The Nation


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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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.

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