Indonesia Morning News For October 6

Jokowi shows how to escape a traffic jam – alight and walk
President Joko Widodo was not about to let a terrible traffic jam make him late for a military parade to mark the 72nd anniversary of Indonesia’s national armed forces (TNI).
— The Straits Times

Indonesia mulls to allow foreigners to own properties
The Indonesian government is preparing a land bill, which among other things, allows foreigners to own properties, whose construction is based on building-use permits (HGB).
— The Jakarta post

Indonesian exports 1.49mn wmt of nickel ore by end-Sept
The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.
— Business Recorder

Indonesia’s first ever IPO by a startup draws robust investor interest
E-commerce firm PT Kioson Komersial Indonesia Tbk drew strong investor interest for Indonesia’s first ever IPO by a startup, and its shares surged on their trading debut in very thin volumes on Thursday.
— Reuters

Indonesia Must Find Balance Between Taxing E-Commerce and Supporting Startups: Expert
The government must find a balance between its ambition to fill the state coffers and its support for the growing e-commerce industry packed with startups, said Yustinus Prastowo, executive director of the Center for Indonesia Taxation Analysis.
— Jakarta Globe

Indonesia president urges military to stay out of politics
The Indonesian military should stay out of politics and remain loyal to the government, President Joko “Jokowi” Widodo said Thursday in an apparent rebuke over contentious statements by the country’s top general.
— News&Observer

Indonesia allocates Rp 810b for IMF-World Bank meeting
The government has allocated Rp 810.17 billion (US$60.12 million) to host the International Monetary Fund-World Bank meeting in Bali, next year.
— The Jakarta post

Four Ministries Support the 2018 MUFFEST
Muslim Fashion Festival (MUFFEST) Indonesia will be held again by Indonesian Fashion Chamber (IFC) with Dyandra Promosindo, Hijabers Mom Community and Hijaber Community, on 19-22 April 2018.
— Netral News

Mitsubishi Opens Two Passenger Vehicle Dealers in East Kalimantan
Mitsubishi Motors Krama Yudha Sales Indonesia (MMKSI), in cooperation with Mandau Berlian Sejati and Mahakam Berlian Samjaya, has increased passenger vehicle dealership network in East Kalimantan’s Balikpapan and Tenggarong.
— Netral News

Indonesian Consumers More Optimistic in September: Bank Indonesia Survey
Indonesian consumers were more upbeat in September than in August on expectations of improved job availability and business activities over the next six months, a central bank survey showed on Thursday (05/10).
— Jakarta Globe

Pertamina Lubricants Diversifies Production with Coolant
Pertamina Lubricants, a subsidiary of Pertamina which engaged in the lubricant business, has diversified its products with coolant for vehicles starting in October 2017.
— Netral News

Regional Investment Forum 2017 in Padang to explore tourism investment opportunities
Indonesian tourism will be the main highlight at the upcoming Regional Investment Forum (RIF) 2017 meeting slated on Oct.15-17 in Padang, West Sumatra.
— The Jakarta Post

BFI Finance Indonesia Tbk (BFIN.JK) Moves 1.64%
Shares of BFI Finance Indonesia Tbk (BFIN.JK) are moving on volatility today 1.64% or 10.00 from the open.
— Stock Daily Review

Shares of Three Issuers to be Forcibly Delisted
Shares of three listed or issuers companies are potentially delisted from the securities trading board if they do not meet the prevailing regulations.
— Netral News

Exclusive: Indonesian startup Berrykitchen.com to raise $3m Series B by year-end
Online catering startup Berrykitchen.com is planning to raise more than $3 million for its Series B round by the end of year, its co-founder and CEO Cynthia Tengarra said in an exclusive interaction with DEALSTREETASIA.
— DealStreetAsia

Express Transindo Utama’s Stock Price Weakens 3.84 Percent
The stock of listed land transportation company Express Transindo Utama (TAXI.JK) has weakened three points or 3.84 percent to IDR75 per share.
— Netral News

Feature photo Frank Yuwono
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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.