Indonesia Morning News For April 18

Indonesia Morning News For April 18
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Indonesia morning newsIndonesia expected to drop 264t rupiah worth of infrastructure projects
Indonesia’s chief economic minister said on Monday that 14 infrastructure projects, worth 264 trillion rupiah (S$25.1 billion), are expected to be dropped from the government’s strategic development plan due to lack of progress.
— The Business Times

Rp2.3 billion allocated to help homeless, beggars: Ministry
Director General of Social Rehabilitation at the Ministry of Social Affairs, Edi Suharto, said that the Ministry of Social Affairs has allocated a fund of Rp2.3 billion to establish the My Village is Waiting program (Desaku Menanti) in Jeneponto, as an effort to handle homeless and beggars.
— Antara News

State Construction Firm PP Sells Indonesia’s First Perpetual Bonds
State-owned construction firm PP launched a sale of perpetual bonds on Tuesday (17/04), aiming to raise Rp 1 trillion ($73 million) in the course of a year, a company executive said.
— Jakarta Globe

PP Properti Pays Out Dividend of IDR88 Billion
PT PP Properti Tbk (IDX:PPRO) is going to distribute cash dividends of fiscal year 2017 amounting to IDR88 billion to its shareholders.
— Netral News

Indonesian foreign debt reaches $356.2b in February: BI
Bank Indonesia has announced that Indonesia’s foreign debt reached US$356.2 billion in February, up 9.5 percent growth from the preceding month.
— The Jakarta Post

Indonesia sells 6.352 trillion rupiah of Islamic bonds, below target
Indonesia’s finance ministry sold 6.352 trillion rupiah ($461.46 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said.
— Business Recorder (media release)

Indonesian court orders release of 1MDB-linked luxury yacht
A luxury yacht linked to allegations that US$4.5 billion was looted from Malaysia’s state investment fund 1MDB must be returned to its wealthy owner, an Indonesian court ruled Tuesday (Apr 17), citing missteps by police in seizing the vessel.
— Channel NewsAsia

China To Pump Billions Into Indonesia Under New Silk Road Initiative
Indonesia and China on April 13 in Beijing signed five cooperation contracts worth $23.3 billion under the latter’s Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives.
— Investvine

Freeport to Close Grasberg Mine Operation
The management of PT Freeport Indonesia will close the operation of the open-pit gold mine in Grasberg, Mimika, Papua.

Number of Teenage Smokers in Indonesia is the Highest in the World
The number of teenage smokers around the world continues to grow. Laksmiati Hanafiah, Acting Chairperson of the National Commission for Tobacco Control, says the number of Indonesian teenage smokers is the highest in the world. This includes teenagers aged 15 to 19 years.
— Netral News

Singapore’s vCargo Cloud to acquire 60% stake in Indonesian logistics player GTS
Singapore-based e-trade solutions provider vCargo Cloud Pte. Ltd (VCC) has announced that it will acquire 60 per cent stake in Indonesian integrated logistics player PT Gatotkaca Trans Systemindo (GTS), to expand its global network.
— Deal Street Asia

No Consolidation between Jokowi, Prabowo: Agung Laksono
Golkar politician Agung Laksono said that President Joko Widodo (Jokowi) will not consolidate with opposition party leader Prabowo Subianto for the 2019 Presidential Election.

Vietnam reopens market for Indonesian export of automotive products
Vietnam has agreed to reopen its market for Indonesia`s automotive products during the Third Joint Commission for Bilateral Cooperation of Indonesia-Vietnam (RI-Vietnam JCBC) in Hanoi on Tuesday.
— Antara News

Pollster: Economic Factor Main Reason for Replacing Jokowi
Pollster National Survey Media (Median) research director Sudarto revealed that economics has become one of the factors that drove people to request for the replacement of president Jokowi in 2019.

Bank Mandiri Disburses Credit of IDR2.5 Tln for Semarang-Batang Toll Road
Bank Mandiri (IDX:BMRI) continues to strengthen support for the accelerated development of infrastructure projects to improve connectivity and cut costs of movement of goods and services.
— Netral News

Indonesia’s Steel Exports to USA Surged in March, Impact of Trump Tariffs?
When looking at the trade data that were released by Indonesia’s Statistics Agency (BPS) on Monday (16/04) there is something interesting about Indonesia’s steel exports.
— Indonesia Investments

Child Marriage: Southeast Asia’s Misery
In Indonesia, 375 underaged girls marry every single day, averaging one out of every nine girls in the country, according to a new study by the United Nations Children’s Fund (UNICEF).
— Asia Sentinel

Indonesia MPs grill Facebook officials on data breaches
A Facebook official apologised to Indonesian members of parliament on Tuesday during a five-hour grilling at a public hearing on issues ranging from the misuse of personal data to the oversight of content by the social media giant.
— Reuters

A Chaotic Oil Cleanup at Balikpapan Bay
Aziz Badruh woke to perform the tahajjud night prayer in the early hours of Saturday three weeks ago.

Vietnam and Indonesia vow to settle fishing violations in South China Sea
Vietnam and Indonesia have pledged to work together to resolve fishing violations in the South China Sea as the two countries seek to boost their bilateral trade.
— South China Morning Post

Transport Ministry Give out 4,000 Airport Train Ticket Coupons
Transportation Ministry has provided 4,000 coupons of Soekarno-Hatta Airport train tickets with the price at Rp3,000 for the electric trains (KRL) passengers.

Mount Rinjani and Ciletuh-Palabuhanratu Declared Unesco Global Geoparks
The United Nations Educational, Scientific and Cultural Organization announced on its website on Sunday (15/04) that it has accepted Mount Rinjani in Lombok, West Nusa Tenggara, and Ciletuh-Palabuhanratu in Sukabumi, West Java, as part of its Global Geoparks Network.
— Jakarta Globe

President revises national action plan for human rights
President Joko Widodo (Jokowi) has signed a presidential regulation amending presidential regulation number 75 of 2015 concerning national action plan for human rights for the 2015-2019 term.
— Antara News

Bringing Indonesia’s Democratic Transition to the Workplace
Seventy years after Indonesia won its independence from the Netherlands, Indonesian workers are finally focusing on emancipating themselves from exploitation in their workplaces.
— The Nation

Indonesia’s Dependence on Silk Affects Production
The Royal Silk Indonesia Foundation revealed that Indonesia’s dependence on silk materials from China has a major impact on batik craftsmen and other markets that rely on silk as its main production material.

JCI Weakens 0.9 Points on Trade Closing
The Jakarta Composite Index (JCI) was down slightly by 0.9 points (+0.01 percent) to 6,285.7 in trading closed on Tuesday (4/17/2018).
— Netral News

Pertamina sanctioned for Balikpapan oil spill
The Environment and Forestry Ministry has told state-owned oil and gas company PT Pertamina to take responsibility for the restoration of polluted Balikpapan Bay in East Kalimantan, given its role in the recent oil spill that has devastated the local environment.
— The Jakarta Post

Indonesia backs global efforts to promote Ugandan farmers` welfare
Indonesia strongly supports global efforts to promote the living standard of Ugandan poor farmers through the National Oil Palm Project (NOPP), a diplomat said.
— Antara News

Indonesia seen keeping rates unchanged as inflation in check
Indonesia’s central bank is widely expected to keep its benchmark interest rate unchanged on Thursday, as it continues to focus on stability and growth as U.S. rates rise.
— Nasdaq

Pertamina Receives Rights to Manage 8 Termination Blocks
The government decided to hand over 100 percent of the right to manage or participating interest (PI) of eight oil and gas blocks termination this year to state-owned oil and gas company Pertamina.


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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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