Indonesia Morning News For April 12

Indonesia Morning News For April 12
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Indonesia morning newsADB Puts GDP Growth Forecasts for Indonesia at 5.3% in 2018 & 2019
The Asian Development Bank (ADB) stated in its Asian Development Outlook (ADO) report, which was released on Wednesday (11/04), that it expects the Indonesian economy to expand by 5.3 percent year-on-year (y/y) in 2018 and 2019 on the back of rising investment and an improvement in household consumption.
— Indonesia Investments (media release)

Indonesian ride-hailing platform GO-JEK snaps up $35 mln
Allianz X, the digital investment unit of the Allianz Group, has announced a $35 million investment in GO-JEK, the leading Indonesian ridehailing platform that also offers various consumer on-demand and payment services.
— PE Hub (media release)

Afreximbank signs $100 million agreement with Indonesia Eximbank
The African Export-Import Bank (Afreximbank) and the Indonesia Eximbank on 10 April
2018, in Bali, Indonesia, entered into an agreement to commit up to $100 million to
support businesses and trade activities between Indonesia and African countries.
— BizNis Africa

PTPP Bags New Contracts of IDR9.5 Trillion in Q1 2018
PT PP (Persero) Tbk (IDX:PTPP) announced total new contracts in the first quarter of 2018 reaching IDR9.5 trillion.
— Netral News

Indonesia’s scientific publications overtake Singapore
Indonesia`s international scientific publications successfully overtook Singapore until April 2018, Research, Technology, and Higher Education Minister Mohamad Nasir remarked here on Wednesday.
— Antara News

Antam’s Nickel Production Soars 107 Percent in Q1
PT AnekaTambang Tbk achieved positive operational performance and sales of key
commodities in the first quarter of 2018.
— Netral News

Benefits Of Outsourcing HR Services In Indonesia
Outsourcing HR services in Indonesia allows you to grow your business faster. Whether it be outsourcing payroll, fulfilling tax compliance or hiring and terminating employees, engaging an outside agency frees you up to concentrate on what you are good at and can help make sure you find the right people the first time.
— Indonesia Expat

Indonesia shares higher at close of trade; Jakarta Stock Exchange Composite up 0.56%
Indonesia equities were higher at the close on Wednesday, as gains in the Miscellaneous Industry, Basic Industry and Trade sectors propelled shares higher.

100,000 Online Ojek Drivers to Hold Protest on Monday
Chairman of the Indonesian Transportation Drivers and Online Service Association Igun
Wicaksono said the online ojek (motorcycle taxi) protest will be held again on Monday,
April 23.

Lazada Cooperates with SME, Expands to Malaysia and Singapore
E-commerce platform Lazada will invite micro, small and medium enterprises (SMEs)
incorporated with Lazada Indonesia to go international.

Why we are losing the war against payment card fraud
The string of ATM card skimming scams has once again brought Indonesian payment card
security into the spotlight.
— The Jakarta Post

Indonesia oil lifting at 750,600 bpd in first quarter – regulator
Indonesia’s crude oil lifting reached 750,600 barrels per day, while natural gas lifting was at 1,139,000 barrels of oil equivalent per day in the first quarter of 2018, data from upstream oil and gas regulator (SKKMigas) showed.
— Reuters

Google launches scholarship for Indonesian university students and teachers
Google has initiated an Android programming scholarship for 1,000 university students and teachers in Indonesia.
— The Jakarta Post

Medco’s net profits fall by 31.2 percent in 2017
Publicly listed energy firm PT Medco Energi Internasional saw its net profits fall by 31.2 percent to US$127.09 million in 2017 following an increase in its costs of sales, partly driven by the recent hike in global crude oil prices.
— The Jakarta Post

BI Registers 472 Counterfeit Banknotes during January-March 2018
Bank Indonesia (BI) registered 472 counterfeit banknotes found from January to March
2018 in South Sumatra Province.
— Netral News

Pertamina acquires PGN to become Indonesian energy holding company
Indonesia’s minister for state-owned enterprises approved on Wednesday the transfer of a 56.96 pct stake in state gas utility Perusahaan Gas Negara (PGN) to Pertamina.
— ET Energyworld

Pelindo II racks up Rp 70b in Kapuas dredging tab
State-owned port operator PT Pelabuhan Indonesia II (Pelindo II) has said it spends Rp 70 billion (US$5.1 million) annually to dredge sediment from the Kapus River, the site of Pontianak Port in West Kalimantan.
— The Jakarta Post

How Local Charity Rumah Zakat Helps Eradicate Poverty
Established amid the country’s political and economic crisis in 1998, local Islamic-tax
collector Rumah Zakat has transformed itself as a non-governmental organization focused on helping the poor.
— Jakarta Globe

Pharmaniaga bullish on Indonesian market
Pharmaniaga Bhd is bullish on the Indonesian market and expects revenue contribution from its operations there to grow 17-18% this year.
— The Sun Daily

Indonesia’s newest unicorn Bukalapak now wants to take on the big boys
PT became a billion-dollar startup by focusing on the Indonesian farmers and small-time merchants that bigger rivals such as PT Tokopedia neglected. Now it wants to buy its way onto their turf.
— Deal Street Asia

Rupiah Weakens 8 Points to IDR13,745 on Wednesday Morning
Rupiah exchange rate traded interbank in Jakarta on Wednesday (4/11/2018) morning moved down by eight points to IDR13,745 compared to the previous position of IDR13,737 per US dollar.
— Netral News

Jokowi distributes land certificates in Papua
Around 3,000 Papua residents received land certificates directly handed over by President Joko “Jokowi” Widodo in a ceremony at the Jayapura regent office in Gunung Merah, Sentani city, Jayapura, Papua, on Wednesday.
— The Jakarta Post

Indonesia, Somalia agree to enhance trade ties
Indonesia and Somalia have agreed to intensify trade ties during a bilateral meeting between Indonesian Foreign Minister Retno Marsudi and Somalian Vice Foreign Minister
Mukhtar Mahat Da`ud here on Wednesday.
— Antara News


Feature photo Asian Development Bank


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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.


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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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