Indonesia Morning News For November 16

Ministry Amends 13 Coal Contracts; 18 More before Next Year
The Energy and Mineral Resources Ministry has amended 13 coal business contracts (PKP2B), and plan to amend 18 more before the end of 2017.
— Tempo

IMF Projects Indonesia`s Economy to Grow 5.3 Percent in 2018
The International Monetary Fund (IMF) projects Indonesia`s economy in 2018 will reach 5.3 percent, or one percent lower than what the government targeted.
— Tempo

Indosat Ooredoo Obtains Net Profit of IDR1.09 Tln as of September 2017
Indonesia-based telecommunications company Indosat Ooredoo (ISAT.JK) has obtained net profit of IDR1.09 trillion as of the end of September 2017, up 29 percent compared to IDR845.4 billion in the same period last year.
— Netral News

Farmers Can Soon Use Drones to Monitor Crops
The e-commerce sector has provided options to farmers in an effort to improve the economy at the community level.
— Netral News

Pilbara solar developers pitch Indonesian subsea cable plan
Fledgling solar energy company has won the support of a key player in the lithium boom and the ear of the federal government as it advances plans for a multi-billion dollar subsea cable supplying renewable energy to Indonesia.
— Financial Review

Indonesia Police Say Policeman Killed in Papua Mine Attack
Gunmen fatally shot an Indonesian police officer on Wednesday in the latest suspected attack by separatists near a giant gold and copper mine in easternmost Papua.
— U.S. News

MMKSI Opens Passenger Car Dealership in Greater Jakarta Area
The significant sales contribution and the potential of passenger vehicle market in Greater Jakarta area cannot be set aside, and has become the reason for Mitsubishi Motors Krama Yudha Sales Indonesia (MMKSI), the sole distributor of Mitsubishi Mitsubishi Motors Corporation (MMC) cars in Indonesia, to open a passenger dealership in Pulo Gadung, East Jakarta.
— Netral News

Industry Minister: Indonesia is a Target for Business Expansions
Minister of Industry Airlangga Hartarto has asserted that Indonesia is still an investment destination for foreign industry businesses wanting to invest their capital for business expansion.
— Netral News

Indonesia’s Adaro Energy embraces ‘self-disruption’
Major Indonesian coal miner Adaro Energy, which in recent years has entered the domestic power plant business, is now looking to build power plants in neighboring countries in Southeast Asia.
— Nikkei Asian Review

Pacific Alliance Eyes Trade Opportunities with Indonesia
The Pacific Alliance, a regional integration of four countries, Chile, Colombia, Mexico and Peru, will hold the first trade and investment seminar in Indonesia in cooperation with the Indonesian Chamber of Commerce (Kadin) on November 21 in Jakarta.
— Tempo

State plantation firm PTPN III back in black
State plantation firm PTPN III, a holding company of 14 PTPNs, was back in the black again after booking Rp 921.2 billion (US$67.9 million) net profit as of October, a contrast to the net losses of Rp 805.5 billion it booked in the same period last year.
— The Jakarta Post

Local Businesses in Riau Flourishing Alongside Pulp and Paper Industry
Small and medium enterprises across Riau are getting a boost from community development programs run by global pulp and paper industry leader Asia Pacific Resources International Holdings Limited — the April Group — which links local entrepreneurs to its subsidiary Riau Andalan Pulp and Paper, or RAPP.
— JakartaGlobe

Indonesia sends mission to 2017 China Int’l Travel Mart
Indonesia has sent a mission to take part in 2017 China International Travel Mart (CITM) slated for Friday to Sunday in Kunming, China’s southern province of Yunnan, aimed at tapping potentials from China’s huge tourism market, a statement released by Indonesian Tourism Ministry said here on Wednesday.
— Xinhua

Indonesia Expects Growth As Producers For World’s Top Fashion Brands
Indonesia’s textile manufacturers say they have experienced significant growth over the past decade and expect the industry, which produces fashion for various global brands, to be a major contributor to the country’s economic growth.
— Indonesia Expat

Visteon and PT Astra Otoparts Tbk Expand Supply of Instrument Clusters and Information Displays to Vietnam
New Vietnam operation is an extension of the successful PT Astra Visteon Indonesia joint venture supplying driver information technology to the fast- growing two-wheeler market in Southeast Asia.
— Asia One

Indonesia Set to Host First MICE and Business Event Exhibition in ASEAN
Indonesia will be the first country in Southeast Asia to host the ASEAN MICE/Business Event that will take place at the Indonesia Convention Exhibition (ICE), BSD City, Tangerang, on April 9-11, 2018.
— Netral News

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