Indonesia Morning News For October 26

Airbus considers teaming up with Indonesia’s aircraft industry
European aircraft producer Airbus has expressed its interest in cooperating with its Indonesian counterpart, state-owned aircraft company PT Dirgantara Indonesia (PT DI), to establish an aircraft maintenance, repair and overhaul facility in Indonesia, a senior minister has said.
— The Jakarta Post

Garuda Indonesia posts first profit in three quarters
Flag carrier Garuda Indonesia posted a jump in third-quarter profit thanks to aggressive cost cuts that offset higher fuel prices, providing relief for the airline’s turnaround efforts.
— Nikkei Asian Review

BlackBerry happy with Indonesian market
BlackBerry remains pleased with the performance of its handset Aurora – which in Indonesia has been licensed to PT BlackBerry Merah Putih (BBMP).
— The Jakarta Post

House passes state budget bill into law
The House of Representatives (DPR) passed the 2018 state budget bill into law at its plenary meeting here on Wednesday.
— Antara

Indonesia Healthcare, Regulatory and Reimbursement Landscape Report 2017 – Research and Markets
Indonesian pharmaceutical market increased from US$3.13 Billion in 2009 to US$6.20 Billion in 2016, at a Compound Annual Growth Rate (CAGR) of 10.3%. The market value is expected to reach US$10.11 Billion in 2021.
— Business Wire

U.S. says ‘administrative error’ blocked Indonesia military chief’s travel
Indonesia’s military chief was temporarily barred from traveling to the United States at the weekend due to an “administrative error”, the U.S. embassy in Jakarta said in an online statement on Wednesday.
— Reuters/Business Insider

BEI sets target for average daily transaction at Rp9 trillion
The Indonesian Stock Exchange (BEI) sets in its target for daily transactions at Rp9 trillion on the average in 2018, up from average daily transaction target of Rp7.75 trillion for 2017.
— Antara

Indonesian Food Festival 2017 at SM Mall of Asia
MALLGOERS will have the rare opportunity to taste the flavors of Indonesia during the One Day Exquisite Indonesian Food Festival 2017 at the SM Mall of Asia Music Hall on October 27, 2017.
— Malay

Freeport-McMoran expects to agree deal terms with Indonesia over mine stake sale
Freeport-McMoran expects to iron out differences with the government of Indonesia and reach a deal to keep operating its giant copper and gold mine in the country, it said on Wednesday.
— Financial Times

Indonesia’s Snapcart raises $10 million for overseas expansion
Snapcart, an Indonesian marketing research startup that analyzes data from receipts, said Thursday that it had raised $10 million from new and existing investors as it gears up for overseas expansion.
— Nikkei Asian Review

PGN Gas Distribution Pipeline Project in Dumai Reaches 40 Percent
PT Perusahaan Gas Negara (Persero) Tbk (PGN) has again committed to expanding the natural gas network in various regions. One of them is the distribution of natural gas distribution project in Dumai, Riau Province along 56 km.
— Netral News

IDX Projects Total Revenues of IDR1.07 Tln in 2018
The Indonesia Stock Exchange (IDX) projects its total revenues reach IDR1.07 trillion in 2018, an increase of 12.81 percent compared to total revenues of IDR949.74 billion in the company’s 2017 revised work and budget plan.
— Netral News

Tito Sulistio: Domestic Investor Confidence is Getting Stronger
Tito Sulistio, President Director of Indonesia Stock Exchange (IDX), says the strengthening of the JCI shows the high confidence of domestic investors in the Indonesian economy and the domestic capital market.
— Netral News

Indonesian, US ministers of defense meet again in Philippines
Indonesian Minister of Defense Ryamizard Ryacudu again met with US Defense Secretary James Mattis at the end of ASEAN Defense Ministers Meeting in Clark, the Philippines on Wednesday.
— Antara

The Fed’s Speculation Strengthens Dollar, Weakens Rupiah
Trade opening on Wednesday (10/25/2017) saw the rupiah moved weaker against the US dollar in negative territory.
— Netral News

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