Indonesia Morning News For November 6

Indonesia Morning News For November 6

Indonesia morning newsJakarta urged to strengthen palm oil competitiveness
THE Indonesian Palm Oil Producers Association (GAPKI) has urged the government to help increase the competitiveness of palm oil products, as palm oil remains the country’s most important export commodity, the GAPKI chairman said yesterday an industry conference.
— The Nation

Indonesia to build Southeast Asia’s largest observatory
The National Institute of Aeronautics and Space (Lapan) is set to build Southeast Asia’s largest observatory in Timau in the Kupang regency of East Nusa Tenggara, an official said.
— The Nation

AXA Indonesia strengthens synergy
Paris-based global insurer AXA Group has merged its two Indonesian subsidiaries, AXA Financial Indonesia (AFI) and AXA Life Indonesia (ALI) into a single entity to strengthen their marketing channels and enhance customer experiences.
— The Jakarta post

Telecommunications, Increasingly Growing and Promising Business
PT Mora Telematika Indonesia (Moratelindo) Executive Director Galumbang Menak believes that telecommunication is a promising business among other businesses. He claimed that the highly attractive communication business causes it to be free of any external disruption.
— Tempo

No layoffs after full cashless payment: Toll road operator
State-owned toll road operator PT Jasa Marga has reassured that there will be no employee terminations following the nationwide implementation of toll road electronification.
— The Jakarta Post

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Trillions of Funds to Flow into Villagers` Pockets
The government has since 2015 allocated a total of Rp127.64 trillion in village funds to develop infrastructure and other facilities in villages.
— Tempo

Exclusive: Indonesia’s Alodokter closes $7m Series B backed by SoftBank
Golden Gate Ventures-backed Indonesian digital health startup is learnt to have raised around $7 million in a Series B round.
— DealStreetAsia

Govt Demands Conventional, Online Taxis to Work Hand in Hand
Transportation Minister Budi Karya Sumadi demanded conventional and online taxi and conventional taxis to collaborate by coordinating with governors and regional police.
— Tempo

House Commission VI: Deviation in Refined Sugar Distribution Has Long Happened
Member of Commission VI of the House of Representatives Abdul Wachid believes the leaking of refined sugar into the consumer market has long happened, long before the Criminal Investigation Agency (Bareskrim) of National Police declared the president director of PT CP, with initials BB, as a suspect of illegal distribution case of refined crystal sugar.
— Netral News

Indonesia ready for trade war in vegetable oil industry
Indonesia will be ready for a trade war, sparked by European countries, with their negative campaign against palm oil, Trade Minister Enggartiasto Lukita stated.
— Antara

Alliance of Mitsubishi Motors and Renault-Nissan Set to Release 12 Electric Cars
The new alliance built by Mitsubishi Motors Corporation (MMC) with Renault-Nissan is going to launch 12 electric cars. Two of them are Mitsubishi’s latest electric vehicle models.
— Netral News

Exclusive: Go-Jek eyeing payment gateway Midtrans
Indonesia’s biggest unicorn Go-Jek continues to be on the prowl for strategic acquisitions.
— DealStreetAsia

Pertamina Signs Gas Purchase Agreement with Conoco-Phillips to Boost Conversion
State-owned energy company Pertamina is encouraging efforts to support the Dumai refinery unit II project by maximizing gas usage in operation.
— Netral News

Analysts Say Indonesia to See Better Growth
On Monday, Indonesia’s statistics agency, BPS, is scheduled to release Indonesia’s third quarter GDP data, important information that is closely followed by investors and analysts.
— Financial Tribune

Indonesia-Malaysia Border Trade Agreement Expected to Complete in 2018
The Indonesian and Malaysian governments have agreed to complete the Review on Border Trade Agreement (BTA) in 2018. This agreement was reached at the 5th Negotiation of BTA Review 1970 which took place on November 2-3, 2017 in Yogyakarta.
— Netral News

Jokowi to Discuss Inclusivity, Development Gap at APEC Summit Next Week
President Joko “Jokowi” Widodo is scheduled to attend the Asia-Pacific Economic Cooperation Summit next week, where he is expected to discuss inclusivity and the development gap in the digital age with 20 other heads of state.
— Jakarta Globe

LG Collaborates with Dolby to Introduce New 4k OLED TV in Indonesia
LG Electronics (LG) Indonesia has announced the commencement of its newest OLED TV marketing.
— Netral News

No delay in Japan, RI key projects
Despite a four-month delay in the construction of the US$3 billion Patimban Port, the country is determined to begin operating it in the first quarter of 2019 as scheduled.
— The Jakarta Post

Bank Sumut Expects Capital Injection of IDR230 Bln to Spin Off Sharia Unit
Regional-owned Bank Pembangunan Daerah Sumatera Utara, also known as Bank Sumut, expects to obtain capital injection of a minimum of IDR230 billion in the near future for its sharia unit spinoff needs.
— Netral News

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Feature photo Thomas Depenbusch
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.


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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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