Indonesia Morning News For November 20

State asset management firm injects Rp 1.94t into eight SOEs
State-owned asset management firm PT Perusahaan Pengelola Aset (PPA) has injected some Rp 1.94 trillion (US$143.48 million) into eight state-owned companies (SOEs) up until September, to assist the companies’ restructuring programs.
— The Jakarta Post

OJK Proposes Tax Relaxation for Infrastructure Products
The Financial Services Authority (OJK) has proposed to relax taxes on several investment instruments in the stock market in order to support infrastructure development and attract investors.
— Tempo

Pertamina says fuel prices need to be increased
State-owned energy company Pertamina has said fuel prices — particularly subsidized gasoline Premium and subsidized diesel fuel Solar — must be increased to avoid further burdening the company.
— The Jakarta Post

Financial service authority committed to develop sharia capital market
The Financial Services Authority (OJK) in the country has committed to developing sharia capital markets to improve the national financing capabilities.
— Antara

Japan proposes to build new tracks for Jakarta-Surabaya railway: Minister
Transportation Minister Budi Karya Sumadi said Japan has proposed to construct new tracks for the medium-speed Jakarta-Surabaya railway connection, a project to be funded mainly by the Japan International Cooperation Agency (JICA).
— The Jakarta Post

Alfamart to Build 1,000 Stores in the Philippines Next Year
PT Sumber Alfaria Trijaya president director Anggara Hans Prawira stated that Alfamart minimarket has built 340 stores in the Philippines.
— Tempo

Indonesia Secures $300m World Bank Loan for Fiscal Reform
Indonesia secured a $300 million loan from the World Bank to help improve the government’s spending quality, revenue administration and taxation policy, the multinational lender said in a statement on Friday (17/11).
— JakartaGlobe

Business cries foul over plans for Indonesia e-commerce tax
Resi Fahma, a young mother from the West Java city of Depok, relied on Instagram posts to generate sales when she launched a business selling homemade blackboards in 2015.
— Nikkei Asian Review

Indonesia unveils plan to roll out 1,000 eco-mosques by 2020
Worshippers in Indonesia, the world’s largest Muslim-majority country, are set to go green with a new initiative that aims to establish 1,000 eco-mosques by 2020.
— Eco-business

AirAsia Targets Bigger Profits from e-Commerce Segment
AirAsia’s low-cost airline targets a larger profit from its e-commerce segment. AirAsia’s CEO Tony Fernandes said he wants to switch the company’s revenue model from just selling tickets to entering the world of e-commerce.
— Netral News

Government seeks to increase fisheries exports
The government is trying to decrease the import duty abroad, improve transportation system at home, and expand fishing vessels to increase domestic fish production, in an effort to boost fishery product exports.
— Antara

Indonesia-Australia CEPA negotiations enter final phase
Negotiation between Indonesia and Australia on Comprehensive Partnership Agreement (IA-CEPA) has entered the final phase in the 10th round.
— Antara

Indonesia mulls ‘workers’ fund’
THE INDONESIAN government is studying the possibility of establishing what it calls a “workers’ fund” as a temporary financial cushion for people losing their jobs and to fund training courses to equip them with new skills.
— The Nation

Govt optimistic about increasing financial inclusion index
The government is optimistic about increasing the financial inclusion index to 75 percent by 2019, in accordance with the target set by President Joko Widodo.
— Antara

Minister gives taxpayers another chance to declare hidden wealth
Finance Minister Sri Mulyani Indrawati has issued a revised regulation to give another change for taxpayers who did not avail of the tax amnesty or have not listed assets in their annual tax return to (SPT) to immediately report their wealth.
— The Jakarta Post

BlackGold Natural Resources’ new Indonesia jetty will boost output capacity, reduce costs
BLACKGOLD Natural Resources has completed the construction of its new jetty at Kuala Cenaku, in Riau province, Indonesia.
— Business Times

Lippo Cikarang Opens Japan Information Center to Attract
Lippo Cikarang, the urban development arm of the Lippo Group, officially launched the Japan Information Center at Trivium Terrace Apartments in Cikarang, West Java, on Friday (17/11).
— JakartaGlobe

Ministry of Villages-Astra Continues to Build Indonesia from the Outermost Region
In line with the third point of Nawacita, one of President Joko Widodo’s ideals is to build Indonesia from the outermost and periphery areas by strengthening the regions and villages.
— Netral News

Pelindo II Unable to Reduce Dwelling Time
In connection with the increasing competitiveness of Boom Baru Port, PT Pelabuhan Indonesia II (Pelindo II) is improving its infrastructure to limit the port area.
— Netral News

Feature photo ILO/G. Lingga
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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.