Indonesia Morning News For October 27

Indonesia may offer new railway project to China
Indonesia may offer China a project to construct an extended railway connecting Jakarta and West Java in a move that will allow the latter to tighten its grip on the former’s infrastructure development.
— The Jakarta Post

Coal Export to China Reaches $1.68 Bln as of End of August 2017
As of August 2017, Indonesia’s coal export value to China amounted to $1.68 billion.
— Netral News

Indonesia to create regulation on blended financing
The government will create a regulation to accommodate blended financing — the method of combining grants from donors with commercial funds — to support Sustainable Development Goals (SDG) programs.
— The Jakarta Post

Google launches free tools, features to help get Indonesian SMEs online
GOOGLE on Oct 26 launched several new free tools to help Indonesian entrepreneurs grow their businesses: Test My Site, Postings in Google Bisnisku and a new way to manage a Google Bisnisku page from any browser.
— Digital News Asia

President hopes IDX increase can support real economic sector
President Joko Widodo expressed hope that the increase of Indonesia Composite Index (IDX) to level of 6000 can support the real economic sector.
— Antara

KKR bets on Indonesia’s bread maker Nippon Indosari, buys 12.64% stake for $74m
US-based private equity firm KKR will acquire 12.64 per cent stake in Indonesia-listed bread maker company, Nippon Indosari Corpindo, for a consideration of $74 million, according to an announcement on Thursday.
— DealStreetAsia

BCA reports Rp16.8 trillion in profit
The countrys third largest lender in asset PT Bank Central Asia reported Rp16.8 trillion in net profit in the first 9 months of the year or an increase of 11.3 percent from Rp15.1 trillion in the same period last year.
— Antara

Indonesia streamlines halal certification through new government agency
A new body formed under the religious affairs ministry has taken over issuing halal certification, almost 30 years after Indonesia’s top clerical body was given responsibility for the practice.
— Food Navigator

Exclusive: Indonesia’s Alpha JWC to start raising $100m fund next year, closes $50m first fund
Alpha JWC Ventures, one of the most active investors in Indonesia, has closed its first $50-million fund and plans to start raising a nearly $100-million fund next year, co-founder Jefrey Joe told this portal in an exclusive interaction.
— DealStreetAsia

Startups in Asia: Indonesia’s eFishery aims for more efficient aquaculture
It was the Islamic holy month of Ramadan in 2007. Gibran El Farizy, a student at the Bandung Institute of Technology in West Java in Indonesia, was starving.
— Nikkei Asian Review

Dagang Nexchange’s GoHalal platform to cover Indonesia
GoHalal e-commerce platform operator, Dagang Net Technologies Sdn Bhd (Dagang Net), plans to expand its business operations to Indonesia next year.
— The Star Online

Lotus, Debenhams in Indonesia to close down by year’s end
Lotus Department Store and Debenhams in Indonesia are set to close down by year’s end, as announced by overseeing lifestyle retail giant PT Mitra Adiperkasa (MAP).
— The Jakarta Post

BCA Posts Consolidated Net Profit of IDR16.8 Tln in Q3 2017
JAKARTA, NETRALNEWS.COM – Listed private banking company Bank Central Asia (BBCA.JK) has obtained consolidated net profit of IDR16.8 trillion as of the third quarter of 2017. The consolidated net profit for the period is higher by 11.3 percent year-on-year (YOY) from IDR15.1 trillion in the same period last year.
— Netral News

WIKA Gedung Set on Conducting IPO
Wijaya Karya Bangunan Gedung, also known as WIKA Gedung, plans to conduct initial public offering (IPO).
— Netral News

Ministry to hold Indonesian Construction Fair 2017
The Ministry of Public Works and Peoples Housing will hold the Indonesian Construction Fair and The Big 5 Construct Indonesia from Nov 8 to 10, 2017, to support the acceleration of infrastructure developmental programs in Indonesia.
— Antara

AirAsia Announces New Direct Flights to Manila From Bali, Jakarta
Jakarta. AirAsia, Southeast Asia’s largest budget airline, announced new direct flights to Manila in the Philippines from the Indonesian island of Bali and its capital Jakarta in a statement released on Thursday (26/10).
— Jakarta Globe

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

Highest alert status maintained for Mount Agung in Bali despite drop in tremors
Indonesian officials have decided to maintain the highest alert status for an eruption on Mount Agung in Bali, even though the frequency of tremors dropped significantly over the past week.
— The Star Online

Indonesia’s Diplomatic Highlights: Rakhine State, Palestine and Protection for Indonesians Abroad
Indonesia’s diplomatic efforts under President Joko “Jokowi” Widodo have garnered the country more visibility and strengthened the Southeast Asian country’s leadership on international platforms, with recent foreign policy highlights including humanitarian diplomacy in Rakhine State, support for Palestinian independence and protection of Indonesians abroad.
— Jakarta Globe

Lotte Chemical net profit down 34% in third quarter
A lower sales volume, higher unit production cost and overall reduced profit margin spread led to a 33.9% fall in Lotte Chemical Titan Holding Bhd’s net profit to RM230.3mil for the third quarter ended Sept 30.
— The Star Online

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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.