Indonesia Morning News For October 4

Indonesia Morning News For October 4

Indonesia morning newsGrab expands service to 75 Indonesian cities as Go-Jek looks beyond country
Grab Indonesia is expanding its services to 75 cities across Indonesia including Banda Aceh and Jayapura – claiming to be the first mobile platform available from Aceh to Papua, the company said in a statement today.
— Deal Street Asia

Copper price jumps on Freeport-Indonesia deal concerns
The price of copper moved higher on Tuesday on news of further tension between Indonesia and Freeport-McMoran, the US miner that operates the giant Grasberg mine in the province of Papua.
— Financial Times

Indonesia may require miners to pay share of after-tax profit under proposed rules
Miners operating in Indonesia will have to pay a share of their after-tax profits to both the central and local governments under new tax rules under consideration for next year, according to documents outlining the proposal reviewed by Reuters.
— Reuters

World Bank: Indonesia is One of Three Contributors of Underprivileged People in Asia
The World Bank for East Asia and the Pacific has released the latest data relating to the top three poorest areas in Asia. Indonesia is one of the top three in that category.
— Netral News

Inflation to be close to 3.5 percent this year: BI
Indonesias inflation rate is most likely to come close to 3.5 percent this year if the prices of goods can be controlled in the remaining three months, Bank Indonesia (BI) Deputy Senior Governor Mirza Adityaswara predicted.
— Antara News

Continued Structural Reforms Will Boost Indonesia Growth
A conducive external environment, sound fundamentals and progress on structural reforms are supporting the Indonesian economy. The country’s real GDP growth is projected to increase from 5.1% this year to 5.3% in 2018, according to the World Bank’s October 2017 Indonesia Economic Quarterly.
— Financial Tribune

World Bank forecasts Indonesia`s economy to remain strong
The World Bank has projected that Indonesias economy will remain strong and record an optimistic growth of 5.1 percent in 2017 and 5.3 percent in 2018.
— Antara News

Asahi in talks to sell stakes in beverage business to Indonesian partner
Japan’s Asahi Group Holdings Ltd (2502.T) said it is in talks to sell its stakes in two unlisted Indonesian beverage companies to its joint venture partner, PT Indofood CBP Sukses Makmur Tbk (ICBP.JK), as part of a portfolio restructuring.
— Reuters

Prosecutors Demand Two-Year Sentence for Alleged Editor of Ahok’s ‘Blasphemy Video’
Prosecutors are demanding a two-year sentence and a Rp 100 million — $7400 — fine or three extra months of prison time for Buni Yani, the man accused of uploading to social media a heavily edited video of a speech by Basuki “Ahok” Tjahaja Purnama that resulted in a blasphemy charge — and eventually conviction — against the former Jakarta governor.
— Jakarta Globe

Travel Ban on House Speaker Extended for Six Months Amid Graft Probe
A travel ban on House of Representatives Speaker Setya Novanto, recently acquitted of corruption charges, has been extended for another six months, anti-graft and immigration officials said on Tuesday (03/10).
— Jakarta Globe

BPOM Role Advanced to Help Stop Illegal Drugs Distribution
The rampant distribution of illegal drugs caught the attention of President Joko Widodo and he urged the advancement of National Agency for Drug and Food Control (BPOM) ’s role.
— Netral News

Indonesia stocks higher at close of trade; IDX Composite Index up 0.43%
Indonesia stocks were higher after the close on Tuesday, as gains in the Mining, Miscellaneous Industry and Trade sectors led shares higher.

Indonesia fights negative campaign against palm oil at WTO
Indonesia is fighting a negative campaign against the palm oil industry through the World Trade Organization (WTO) forum, noted a press statement from the permanent representative of Indonesia in Geneva, received here, Tuesday.
— Antara News

Indonesia raises 17.85 trln rupiah of bonds, above target
Indonesia raised 17.85 trillion rupiah ($1.32 billion) worth of bonds at an auction, the finance ministry’s financing and risk management office said on Tuesday, above the indicative target of 15 trillion rupiah.
— Kitco News/Reuters

Retail Market in Indonesia – Forecast to Grow at a CAGR of 14.9% During 2017-2021 – Research and Markets
The “Retail Market in Indonesia 2017-2021” report has been added to Research and Markets’ offering.
— Business Wire (media release)

Five Malaysian startups seek to enter Indonesian market via ExpandIn programme
INDONESIA’S Yacademy officially ended their third market immersion programme ExpandIn (formerly known as the Frequent Flyer Geek Programme).
— Digital News Asia

Indonesian Overseas Community Card Not for Tax Purposes
Indonesian Overseas Community Cards issued by the government for Indonesian diaspora aims to map the potential and strengthen overseas community networks.
— Netral News

Indonesia sets Sept Minas crude price at $53.17/bbl, highest in 7 months -document
Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at $53.17 a barrel for September, the highest since February, a document from the Ministry of Energy & Mineral Resources showed on Tuesday.
— Times of India

Indonesia Welcomes Opportunity to Import Raw Sugar from Australia
The ASEAN-Australia-New Zealand agreement on free trade cooperation has opened the opportunity for the Indonesian government to import raw sugar from Australia. The import duty of the commodity is agreed at five percent.
— Netral News


Feature photo Frank Yuwono
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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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