Indonesia Morning News For September 18

Indonesia Morning News For September 18
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OJK to Issue Regulation for Financial Technology Companies
The circular regulates procedures on how to register for permission, lending activities, and supervision to fintech companies.
— Tempo (EN)

House approves macroeconomic assumptions in 2018 state budget
On Thursday, lawmakers agreed to peg the value of the rupiah at Rp 13,400 per US dollar from Rp 13,500 earlier, as well as a lower rate for three-month treasury bills at 5.2 percent from 5.3 percent in the previous draft.
— The Jakarta Post

Bank Indonesia: Foreign Debt Grows 3.9 Percent in July
Through BI Foreign Debt Statistics announced in Jakarta on Friday, Sept. 15, BI mentioned that based on borrower group, the annual growth of foreign debt of private sector decreased, while that of the public sector increased.
— Tempo (EN)

Indonesia Takes Active Role in APEC to Improve the MSME Sector
The 24th APEC SME Ministerial Meeting on the theme of Strengthening MSMEs’ Competitiveness and Innovation in the Digital Age was opened by Vietnamese Prime Minister Nguyen Xuan Phuc on Friday
— Netral News

Indonesia will not remain silent over Muslim problems: President
President Joko Widodo said that Indonesia will not remain silent but seek solutions to problems being faced by Muslims in various countries.
— Antara

Competition driving change, says Indonesian Finance Minister
While globalization can bring about healthy competition and drive companies to change for the better, it is important not to neglect those who lose out in such competition, said Indonesian Finance Minister Sri Mulyani Indrawati at the Singapore Summit on Saturday.
Nikkei Asian Review

Indonesia books $1.72b trade surplus in August
Exports were valued at $15.21 billion in August, up significantly by 19.24 percent year-on-year and 11.73 percent month-on-month.
— The Jakarta Post

Indonesia is the new gold route to India
Less than three weeks after the government placed curbs on the import of gold under a free trade agreement with South Korea, some traders have found a loophole and are supplying the metal at a lower price through Indonesia, which has a similar accord with India.
— Economic Times

RI, Bangladesh to step up cooperation in energy sector
The areas of cooperation include the possibility of Indonesia supplying liquefied natural gas (LNG) to the South Asian country.
The Jakarta Post

Home Minister Rebukes West Java Over Meikarta
The minister said there are no regulations that require Meikarta, which is developed by Lippo Group — one of Indonesia’s largest property firms — to obtain any permits from the provincial government.
— Jakarta Globe

IKEA plans more distribution points, eyes another store
ERO Supermarket, the Indonesian franchisee for Swedish furniture giant IKEA, said that it planned to open three e-commerce distribution points for its flagship furniture store, in addition to the existing one in Sentul, Bogor.
The Jakarta Post

CIMB Research raises Berjaya Food target price to RM1.67
It upgraded the stock to a Hold and added it would turn more positive on the stock if it was successful in disposing KRR Indonesian assets as it will boost future earnings.
The Star

Indonesia’s ride-hailing start-up Go-Jek wants to aggressively expand its payments services
Indonesia’s ride-hailing company Go-Jek wants to imitate the massive success that Alibaba and Tencent have had in China by ushering in an era of digital payments.

Dubai port operator DP World to pull out of Indonesia
One of the world’s largest port operators, DP World, says it will not be renewing its contract in Indonesia after failing to agree on renewal terms with the government.
Ledger Inquirer

Garuda Indonesia Opens Jakarta-London Direct Nonstop Route on October
Garuda Indonesia will serve non-stop flights to and from London Heathrow three times per week every Tuesday, Thursday and Saturday using Boeing 777-300 ER aircraft with 314 passengers, consisting of 8 first class seats, 38 business class seats, and 268 seat economy class.
The Jakarta Post

Indonesian police uncover ‘fake news factory’
The online syndicate known as Saracen allegedly charges tens of millions of rupiah to publish and spread fake news, as well as hate speech against a person or persons, said the police.
Straits Times

Airport Skytrain’s Development Investment Reaches IDR950 Bln
This Skytrain requires investment of up to IDR950 billion, consisting of IDR530 billion for the procurement of trains and IDR420 billion for infrastructure development.
Netral News

Indonesia`s Aid for Rohingya Refugees Reach 54 Tons
Indonesian Government prepared instant food, family kit, blanket, water tanks, and tents for the refugees. Those items are chosen considering the urgency of the condition of the ethnic Rohingya.
— Tempo (EN)


Feature photo Sitoo
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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