Indonesia Morning News For October 16

Indonesia set for trillion US dollar economy in bittersweet triumph
Indonesia is on track to become a trillion US dollar economy and should be the envy of South-east Asia. Yet on some key measures, the region’s biggest economy is falling behind.
— Malay Mail Online

Indonesia AirAsia flight turns back due to technical issue
“Flight QZ535 with 145 passengers on board, landed safely at Perth International Airport at 12:40pm local time,” AirAsia said in a statement.
— The Star Online

Qatar’s Emir to Visit Indonesia to Strengthen Business Relationship
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani is scheduled to visit Indonesia on Oct. 17-18 to try to strengthen relationship between the two countries, especially in the business sector, an Indonesian official confirmed on Friday (13/10).
— Jakarta Globe

Japanese investments create 4.7m jobs in Indonesia: Ambassador
The Japanese government is eager to strengthen its presence in the Indonesian economy, after seeing more than 1,500 Japanese business entities settle in Indonesia and create jobs for 4.7 million employees, equaling to 93.3 percent of workers in those entities.
— The Jakarta post

Indonesia listed startup Kioson closes post-IPO Narindo acquisition deal
Indonesian publicly-listed O2O startup Kioson has closed the acquisition of Narindo Solusi Komunikasi, an affiliated tech company focusing on e-voucher aggregation.
— DealStreetAsia

Medan-Binjai Section of Trans-Sumatra Toll Road to be Operable This October
After yesterday inaugurating the Palembang-Simpang Indralaya Section 1, that is, Palembang-Pamulutan, today President Joko “Jokowi” Widodo again inaugurated the next Trans-Sumatra Toll Road, the Medan-Binjai section of Helvetia-Binjai-Semayang.
— Netral News

Widodo energy reform flip-flop pressures Pertamina
An apparent flip-flop by Indonesian President Joko Widodo on drastic reform of energy subsidies is taking a toll on Pertamina, the country’s largest state oil and gas company.
— Nikkei Asian Review

Indonesia Stock Exchange plans road show to China
The Indonesian Stock Exchange (BEI) said it plans road show to China hoping to attract more foreign investors to the country.
— Antara

Japanese shipper expands halal logistics to Indonesia
Yusen Logistics has become the first Japanese freight company to receive halal certification in Indonesia, part of an effort to expand in a fast-growing region with a large Muslim population.
— Nikkei Asian Review

PLN still struggling to boost electricity sales
State electricity firm PLN is still struggling to boost its electricity sales volume amid mounting financial burdens it has to face to support the government’s 35,000-megawatt (MW) program.
— The Jakarta Post

Morocco ready to become non-traditional market for Indonesia
The Government of the Kingdom of Morocco has expressed readiness to support Indonesias efforts to enter the non-traditional markets in Africa by sending a delegation to attend the 32nd Trade Expo Indonesia from Oct 11 to 15, 2017, in Banten.
— Antara

Central Sulawesi has surplus production of rice commodity
Central Sulawesi Governor Longki Djanggola stated that the food security condition, especially with regard to the production of rice commodity in the province, has recorded a surplus in the last five years.
— Antara

Ahead of election, Indonesia’s GDP will improve: Schroders
Ahead of the 2019 presidential election, Indonesia’s economic growth will be better than this year as long as the commodity prices stays stable, the nation’s biggest mutual fund manager, PT Schroders Investment Management Indonesia, projects.
— The Jakarta Post

Indonesia to promote tourism in United Arab Emirates
The Tourism Ministry is set to hold Sales Mission events in Dubai and Abu Dhabi in United Arab Emirates (UAE) on Oct. 18-19.
— The Jakarta Post

Indonesia Recruits 14,000 New Prison Guards
The Ministry of Justice and Human Rights is in the process of recruiting 14,000 new prison guards as part of its efforts to hire a total of 17,586 new employees this year, more than the combined number of new hires by 61 other ministries and state agencies, Human Rights Minister Yasonna Laoly said on Friday (13/10).
— Jakarta Globe

Wuling Motors Indonesia Responds to Doubts on Engine Durability
Consumers still doubt Wuling Motors, a new player in Indonesia’s automotive industry, particularly on the durability of the company’s engines.
— Netral News

Rahman Dahlan announces measures to boost Sabah’s infrastructure development
Minister in the Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan announced several measures to boost Sabah’s infrastructure development, including a road expansion leading to the city and upgrading of Tawau port to position itself into a regional hub.
— New Straits Times

South Korea Shows Interests in Rail Infrastructure Development in Sulawesi, Sumatra
South Korea is interested to cooperate in the construction of railway projects in South Sulawesi, that is, Makassar and Pare-pare. They are also interested in building similar projects in Sumatra, that is, Kualanamu Airport and Kuala Tanjung Seaport.
— Netral News

Fast Asia Open: China CPI, Indonesia trade data
Austria’s far-right nationalist Freedom party has scored its best result in a national election for two decades and is likely to join the country’s next government, in a significant boost for Europe’s nationalist and anti-establishment movements.
— Financial Times

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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.