Indonesia Morning News For November 7

Tightfisted consumers are squeezing Indonesia’s economy
Low inflation, interest rates cuts and cheaper fuel have not been enough to excite Indonesian shoppers, as weak household consumption continued to weigh on Indonesia’s economic growth in the third quarter.
— Nikkei Asian Review

World Bank sees low contribution of indonesia`s FDI
The World Bank has witnessed low contribution of foreign direct investment (FDI) in Indonesia, despite its improvement in ease of doing business (EODB) rank to 72 among 190 surveyed countries.
— Antara

Indonesia Q3 growth expands slightly to 5.06 percent
Indonesia’s economy grew more slowly than expected in the third quarter, dimming hopes that a high-profile drive to boost Southeast Asia’s biggest economy will hit its GDP target this year.
— Channel NewsAsia

Indonesia threatens to block WhatsApp messaging over obscene content
Indonesia on Monday vowed to block Facebook Inc’s WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format (GIF) images were removed.
— Business Times

Finance Minister Sri Mulyani Comments on Paradise Paper
Finance Minister Sri Mulyani has revealed to Indonesian citizens who are known to commit crimes for hiding their wealth to avoid tax liability would be imposed sanctions.
— Netral News

IDC recognises significant Indonesian market disruptors
IDC’s Digital Transformation Awards (DXa) recognises organisations that have significantly disrupted the market or have transformed it using digital and disruptive technologies.
— Digital News Asia

Indonesia to host Small Engine Technology Conference
Indonesia will host the 23rd Small Engine Technology Conference from Nov. 15 to 17 at the Jakarta Convention Center, which will involve 400 local and international participants and help upgrade knowledge on the latest small engine technology.
— The Jakarta Post

Philippines’ Metro Pacific expanding into Indonesia
Philippine infrastructure conglomerate Metro Pacific Investments is expanding into Indonesia, the home turf of its principal shareholder, Salim Group.
— Nikkei Asian Review

Garuda Indonesia cuts back
To become profitable and boost aircraft utilisation Garuda has cancelled its expansion plans and will defer deliveries.
— Business Traveller

Can blockchain save Indonesia’s forests?
Blockchain technology will be used for the first time this December in an attempt to protect Indonesia’s rainforests and prevent the peatland haze fires that blight the region on a regular basis.
— Eco-business

Pelni purchases six secondhand ships to serve ‘tol laut’ routes
State-owned ship operator PT Pelayaran Nasional Indonesia (Pelni) has announced that it will purchase six secondhand ships to strengthen its fleet as part of the implementation of tol laut (maritime fast route), a concept introduced by President Joko “Jokowi” Widodo.
— The Jakarta Post

NTB`s economy grows below average level
The Central Bureau of Statistics (BPS) of West Nusa Tenggara (NTB) said the economy of the province grew only 4.09 percent or below the national level of 5.06 percent in the third quarter of this year.
— Antara

Indonesia Stock Market Draws Another Green Light
The Indonesia stock market moved higher again on Friday, one session after it had ended the two-day winning streak in which it had collected almost 65 points or 1.2 percent.
— Markets Insider

KAI Scheduled to Test Airport Train on November 25
Indonesian Railways Company, PT KAI, scheduled a trial of railway operations to the Soekarno-Hatta International Airport on November 25, 2017.
— Netral News

Vietnam, Indonesia step up audit cooperation
The signing of the MoU between the Vietnam State Audit Office and the Audit Board of Indonesia took place in Vientiane, Laos, on the sidelines of the 4th ASEAN Supreme Audit Institution Summit (ASEANSAI).
— VietnamNet Bridge

Indonesian consumers turn less optimistic in October – c.bank survey
Indonesian consumers were less upbeat in October than September on expectations that fewer jobs will be available over the next six months, a central bank survey showed on Monday.
— Times Of India

SME Banking: Big Little Business
Small medium enterprises, or SMEs, form a core sector of the Indonesian economy and contribute significantly to economic growth, job creation and innovation.
— Jakarta Globe

Jokowi in Indonesia’s ‘Neo-New Order’
On 16 September, police broke up an academic discussion at the offices of renowned activist NGO the Jakarta Legal Aid Foundation (LBH).
— East Asia forum

Nuclear energy most expensive power: Deputy minister
Deputy Energy and Mineral Resources Minister Arcandra Tahar has said that nuclear energy is the most expensive of all energy.
— The Jakarta Post

Coal Contribute 45.82 Percent of Total Transactions at TEI
The 2017 Trade Expo Indonesia (TEI) on October 11-15, 2017, has managed to post total transaction of $1.41 billion or equivalent IDR18.70 trillion. This number increased 37.36 percent compared to last year’s $1.02 billion.
— Netral News

Palu could be the premier SEZ for east Indonesia, or not?
Palu, a medium-sized city in Central Sulawesi with a progressive minded mayor is seeking to reinvent itself as opportune choice for investment in Indonesia on President Joko “Jokowi” Widodo’s “maritime road” by way of its Special Economic Zone (SEZ).
— The Jakarta Post

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.