Indonesia Morning News For November 10

Government carries out construction of 245 infrastructure projects in 2017
The Central Government will carry out construction of 245 infrastructure projects including toll roads, airports and seaports.
— Antara

Indonesia to encourage equal trade treatment in APEC
Da Nang, Vietnam (ANTARA News) – Indonesia will encourage equal treatment among trade partners during the 25th summit of the Asia-Pacific Economic Forum held in Vietnam, Trade Minister Enggartiasto Lukita stated here, Thursday.
— Antara

Indonesia seeks PH investments
The Indonesian government is urging Philippine companies to invest in the country’s infrastructure projects particularly in geothermal power plants, said Bambang Brodjonegoro, minister of National Development Planning of Indonesia.
— Malaya

South Korea, Indonesia ink business deals worth nearly US$2b
South Korea and Indonesia reached a series of business cooperation agreements Thursday (Nov 9) that could be worth nearly US$2 billion if finalised, South Korea’s Yonhap news agency reported.
— Channel NewsAsia

Marga Lingkar Jakarta Lists Bond at IDX, Rated idAAA by Pefindo
Marga Lingkar Jakarta Bond I Year 2017 issued by PT Marga Lingkar Jakarta was officially listed on the Indonesia Stock Exchange (IDX) on Thursday (11/9/2017). Marga Lingkar Jakarta Bond I Year 2017 was recorded with a nominal value of IDR1.5 trillion divided into five series.
— Netral News

Indonesia to push for conclusion of three bilateral negotiations
The government is pushing for the conclusion of three negotiations in the Comprehensive Economic Partnership Agreement (CEPA) here to be the basis to boost the countrys exports and economic growth.
— Antara

US claims victory in Indonesia food trade dispute
The United States on Thursday (Nov 9) claimed victory in a long-running trade dispute with Indonesia over import restrictions on meat, fruits and vegetables.
— Channel NewsAsia

Fujita Kanko Expands Business with Its First Serviced Apartment in Indonesia
Leading Japanese hotelier Fujita Kanko Inc. announced that the company will launch its first serviced apartment in Cikarang, located in Greater Jakarta, the capital of Indonesia. Construction is expected to start soon, with a scheduled opening in the fall of 2019.
— Markets Insider

Graft suspected in Indonesian anti-corruption monument project
An Indonesian prosecutor has named 18 people as suspects in a graft case related to the erection of an anti-corruption monument meant to champion probity in public affairs.
— Business Insider

Motorcycle Sales Rose 1 Percent, Growth Slowed
The Indonesia Motorcycle Industry Association (AISI) reports that motorcycle sales figure only rose by 1.46 percent on a year on year basis and growth was slowing last month.
— Tempo

Japanese Investors Express Interest in Partnership to Operate 3 Indonesian Airports
Japanese investors have expressed interest in operating three of Indonesia’s airports, during the eighth Vice-Ministerial Meeting on the Transport Sector between Indonesia and Japan in Tokyo last week.
— Jakarta Globe

Tokopedia Wants to Join Go-Jek as Tax Agent
Online marketplace Tokopedia is exploring the possibility of following Go-Jek`s step and becoming a government`s tax agent. However, Tokopedia has not made a decision on when that will happen.
— Tempo

Kadin sees reduced household spending persisting next year
The Chamber of Commerce and Industry (Kadin) says reduced household spending is likely to persist next year as people chose to save their money due to wariness over the economic condition and political uncertainty, with regional elections being held next year and a general election in 2019.
— The Jakarta Post

Kalla calls on businesses to boost sharia economy
Vice-President Jusuf Kalla has said that it is important for all discussions on sharia economy and finance to spur concrete actions, particularly by bidding business players, in order for Indonesia to close the gap between itself and other countries.
— The Jakarta post

Here’s How the World Bank Thinks Indonesia Can Spur Foreign Investment
Indonesia needs to ease rules requiring foreign companies to use locally produced materials to spur foreign direct investment, the World Bank said, as the government chases billions of dollars in private investment.
— Bloomberg

MUFG seeking to buy 40% of Indonesia’s Bank Danamon
The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person familiar with the matter told Reuters on Thursday.
— Japan today

East Ventures makes seed investment in Indonesian advertising startup StickEarn
StickEarn, an Indonesian on-vehicle advertising startup, has secured a $1 million seed investment from early-stage investor East Ventures.
— DealStreetAsia

Finance minister to study middle and upper class consumption pattern
Finance Minister Sri Mulyani Indrawati will study the consumption pattern of middle and upper class societies who give a significant contribution to household consumption.
— Antara

Exclusive: Indonesia’s OnlinePajak closes $3-5m Series A backed by Alpha JWC, Sequoia
Indonesia-based tax app provider OnlinePajak has raised a Series A round of about $3-5 million led by local venture capital firm Alpha JWC Ventures and joined by Sequoia Capital. The round was closed a few months ago but the company had not disclosed it earlier.
— DealStreetAsia

Faisal Basri: Amid High Interest Rates Trend, BI Governor Incessantly Cuts Interest Rates
Economist from Universitas Indonesia (UI) Faisal Basri deemed the Governor of Bank Indonesia Agus Martowardojo a reckless driver. This was seen from the incessant interest rates cut in the last two months.
— Netral News

Indonesia elected as UNESCO`s Executive Board member
Manila (ANTARA News) – Indonesia was elected as a member of the United Nations Educational, Scientific, and Cultural Organizations (UNESCOs) Executive Board for the 2017-2021 term during the world bodys 39th general conference held in Paris on Wednesday.
— Antara

Global Gold Demand Plunges Nine Percent in Q3 2017
The World Gold Council (WGC) said in its latest report, global gold demand in the third quarter of 2017 reached 915 tons, down nine percent compared to the same period in 2016.
— Netral News

Feature photo Thomas Depenbusch
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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.