Indonesia Morning News For November 22

Pertamina to add 14 regencies to single fuel price program
State-owned oil and gas company Pertamina will include 14 more regencies in Maluku, North Maluku, West Papua and Papua on the single fuel price program to help people in remote areas purchase fuel at the same standardized price.
— The Jakarta Post

Gov’t Mulls Not Importing Gas until 2019
The government, through the Ministry of Energy and Natural Resources, projects that there would be no gas imports over the next two years due to limited infrastructure and uncommited gas for domestic gas needs.
— Netral News

Indonesian businesses prepare for the worst as they face up to universal halal law
Concerns are mounting over a controversial new law to bring across-the-board halal certification to Indonesia, as an unprepared government department and industry figures wonder how they will cope with its implementation.
— Food Navigator

Indonesia to limit e-cigarette imports, sales: Minister
A new Trade Ministry regulation that will restrict the e-cigarette trade has been signed and will take effect within three months, Trade Minister Enggartiasto Lukita told reporters on Monday.
— The Jakarta Post

Jokowi Asks World Bank to Give Outlook on Indonesian Economy
President Joko Widodo (Jokowi) has called on the World Bank to give its outlook on the Indonesian economy amid the fast dynamic developments in the global economy.
— Tempo

Ship for Southeast Asian and Japanese Youth Program participants set off for Indonesia
Participants in the Ship for Southeast Asian and Japanese Youth Program have set off on the Nippon Maru for Indonesia and Malaysia after engaging in a week of activities in Thailand.
— NBT World

Hong Kong developer bets on rising Indonesian home marketHong Kong developer bets on rising Indonesian home market
Indonesia, the largest economy in Southeast Asia, has stayed “off the radar” of most foreign property investors compared to its regional counterparts like Thailand and Malaysia, despite its strong economic growth and an enormous consumer market.
— Asia Times

IDX Targets to List 630,000 Investors This Year
Indonesia Stock Exchange (IDX) development director Nicky Hogan said the IDX has set a target to list 630,000 Single Investor Identification (SID).
— Tempo

Exclusive: Indonesia’s Tinkerlust raises pre-Series A from Merah Putih, angel investor Danny Oei
Indonesia’s pre-used luxury marketplace platform Tinkerlust has raised an undisclosed sum in a pre-Series A round led by incubator and early-stage investor Merah Putih, a subsidiary of GDP Ventures. The round was also joined by angel investor and entrepreneur Danny Oei.
— DealStreetAsia

Indonesia’s Aviation Gets World Recognition after Satisfying ICAO Audit Results
Indonesia’s aviation has gained international recognition after obtaining satisfactory results during an on site visit by the International Civil Aviation Organization (ICAO) coordinated validation mission team.
— Netral News

Indonesia Index MSCI Ishares (EIDO) ATR Momentum Alert
Indonesia Index MSCI Ishares (EIDO) shares have seen the Average True Range climb higher over the past 10 sessions, indicating strong momentum potential and increased volatility.
— Dasher Business Review

Indonesia: Opportunity hiding in plain sight
Indonesia is on track to become Asia’s next US$1 trillion economy. Yet it’s largely overlooked by most Australian businesses. Why are we ignoring the opportunity on our doorstep?
— The Jakarta Post

Pegadaian Confident to Achieve Revenue of IDR10.7 Tln by Year-End
PT Pegadaian (Persero) recorded until the end of October 2017, the company has touched the figure on revenue worth IDR8.67 trillion.
— Netral News

Grab Expands to Ambon, Now Available in 100 Cities Across
Online ride-hailing service and mobile payment platform Grab announced on Tuesday (21/11) it has expanded its services to Ambon in Maluku, making it the 100th city in Indonesia to get Grab services.
— JakartaGlobe

Indonesia court rules against Goldman in Hanson share ownership dispute
An Indonesian court ruled on Tuesday that Goldman Sachs should return shares in property developer PT Hanson International Tbk to tycoon Benny Tjokrosaputro in a legal tussle over ownership.
— Business Recorder

SOEs develop Papuan coffee for export
Several state-owned enterprises (SOEs), namely lender PT Bank Mandiri, trading firm PT Perusahaan Perdagangan Indonesia (PPI) and postal company PT Pos Indonesia, have developed local coffee industries in Papua for export.
— The Jakarta post

Over 85 e-Commerce Companies Will Enliven the 2017 Online Shopping Festival Tomorrow
Over 85 e-commerce companies are going to celebrate the 2017 Online Shopping Festival that is held on November 23-30, 2017.
— Netral News

Jakarta’s Ailing Ease of Doing Business Opens Up Opportunities for Other Provinces: Report
Jakarta’s ailing ease of doing business has opened up opportunities for other provinces in Indonesia to attract investments from companies seeking to relocate their production base from China, said researchers from the Asia Competitiveness Institute, a research center at the Lee Kuan Yew School of Public Policy, part of the National University of Singapore.
— JakartaGlobe

Commentary: Indonesia and Singapore, leading the way in infrastructure financing
As funding needs for large infrastructure projects across Southeast Asia intensify and bank lending tightens, HSBC finds that Indonesia and Singapore are finding new sources of funding and fresh ways to recycle existing capital.
— Channel NewsAsia

Feature photo ILO/G. Lingga
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).

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.