Indonesia Morning News For September 11

Indonesia, Long on Sidelines, Starts to Confront China’s Territorial Claims
Indonesia’s increasingly aggressive posture in the region — including a military buildup in its nearby Natuna Islands and the planned deployment of naval warships — comes as other nations are being more accommodating to China’s broad territorial claims in the South China Sea.
— New York Times

Indonesia positions itself as diplomatic actor in Rohingya crisis, but to what effect?
As the world’s largest Muslim-majority state, Indonesia has long been vocal on issues affecting Muslim communities across the globe.
— Asian Correspondent

Indonesia Bank Rally Imperilled by Sluggish Lending, Bad Loans
Equity analysts are now downgrading banking stocks after the Jakarta Finance Index rallied 21 percent this year — more than double that of the main gauge — as they expect nonperforming loans in the $527 billion industry to creep up again.
— Bloomberg

Jokowi: Corruption is an Extraordinary Crime
The President made the statement following plans to weaken and even suspend the KPK amid the the inquiry over its performance by the House’s special committee.
— Tempo (EN)

Little Movement Seen For Indonesia Shares
The Indonesia stock market has tracked higher in two of three trading days since the end of the five-day losing streak in which it had surrendered more than 100 points or 1.8 percent.
— Nasdaq

BRI: All ATM Networks Back to Normal
State-owned lender Bank Rakyat Indonesia (BRI) declared that all networks of units and Automated Teller Machine (ATM) are completely recovered after repair was carried out to Telkom-1 Satellite.
— Tempo (EN)

Rupiah stability important: Central bank
The Central Bank said the rupiah strengthening over the past week was on U.S. economy failing to grow as expected.
— Antara

Lending Rate Down Six Months After Deposit Interest Drops
The decline in lending rates should follow the decline of Bank Indonesia (BI) benchmark interest rate, BI 7-day Reverse Repo Rate by 25 basis points to 4.50 percent from 4.75 percent.
— Netral News

Indonesia`s foreign exchange reserves increase to US$128.8 billion in August
Foreign exchange reserves recorded at the end of August were sufficient for paying 8.9 months of imports or 8.6 months of imports and the governments foreign debt payment.
— Antara

Tech Shifts in Southeast Asia Open Up Opportunities: Nielsen
Businesses in the diverse region of Southeast Asia need to prepare for upcoming technology shifts to reap new opportunities, according to a report by performance management company Nielsen.
— Jakarta Globe

PLN Signs Clean Energy Sales Contracts
PLN will buy a total of 291.4 MW of electricity generated by power plants running on renewable energy.
— Tempo (EN)

Indonesia: ReWork raises $3m from ATM Capital, Convergence Ventures
Indonesian co-working space provider ReWork has raised $3 million in a pre-series A financing led by ATM Capital and Convergence Ventures.
— Deal Street Asia

Great Eastern seals bancassurance deal with OCBC NISP
Singapore-based insurance company Great Eastern Life has repositioned its business orientations in Indonesia as a bancassurance provider, with the latest cooperation with Bank OCBC NISP to launch its new product Legacy Protector.
— The Jakarta Post

Garuda Indonesia Connects Banyuwangi to 9 International Flights
The international flights include Amsterdam, Singapore, Middle Eastern countries, and European countries.
— Tempo (EN)

Indonesia aims high with blue carbon potential
Challenges remain, however, in optimally harnessing these resources — notably mangrove and seagrass — to support climate change mitigation efforts.
— The Jakarta Post

Indonesia has potential to raise export, import with Kazakhstan: Kalla
The vice president noted that the potential of export and import include flour from Kazakhstan and palm oil, coffee, and tea from Indonesia.
— Antara

Indonesia Offers Assistance on Science and Technology at OIC Conference
Indonesia is ready to cooperate and contribute in science and technology to member countries of the Organization of Islamic Cooperation (OIC).
— Netral News

Indonesia ready for arrival of pandas from China
Only 15 countries, including Indonesia, have been approved to raise the protected species.
— The Jakarta Post

CHARTER FLIGHTS, HALAL TOURISM: HOW INDONESIA IS WOOING CHINESE TOURISTS FROM THAILAND’S GRASP
From 2 million Chinese visitors this year, to five times as many in 2019, Indonesia’s plans to cash in on the Chinese tourism dollar are nothing if not ambitious. But for arrival figures to soar, it must first address a lack of flights
— South China Morning Post

Feature photo ILO in Asia and the Pacific
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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.