Indonesia Morning News For April 23

Indonesia Morning News For April 23
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Indonesia morning newsCorporate funds will shake up Indonesian VC model
Traditional venture capital funds are slowing in Indonesia’s technology sector, despite a digital boom.
— Nikkei Asian Review (metered paywall)

Signing 7 Contracts, Pertamina Prepares Investment of IDR7.45 Tln
Minister of Energy and Mineral Resources (EMR) Ignasius Jonan officially granted the approval of seven working area contracts originating from eight working areas whose cooperation contract will end in 2018.
— Netral News

Country Reports on Human Rights Practices for 2017
— US Department of State

Indonesia’s booming tech startup scene
Indonesia’s strong economic growth in recent years has led to the flourishing of the nation’s digital economy.
— The Asean Post

Indonesia Considers Joining The Trans-Pacific Partnership
Indonesia is studying the possibility of joining the Trans-Pacific Partnership (TPP) without the United States, known as TPP-11.
— Investvine

Indonesia Removes Pertamina Chief After Oil Spill, Other Issues
Elia Massa Manik has been removed as Pertamina chief executive in a management shakeup following a series of problems at the state-owned energy company, including a recent oil spill and slow progress on refinery developments, an official at the Ministry of State-Owned Enterprises said on Friday (20/04).
— Jakarta Globe

Indonesian consulate revokes license of employment agencies
The Consulate General of Indonesia in Hong Kong has revoked the licenses of five employment agencies and suspended the services of one due to violations of their code of conduct.
— Asia Times

Indonesia’s scramble for Africa
Indonesia recently concluded the Indonesia-Africa Forum held in Nusa Dua, Bali which saw the attendance of over 500 delegates from Indonesia and Africa.
— The Asean Post

Indonesia shares top Halal destinations for GCC travelers at ATM Dubai
Indonesia will reveal its top Halal destinations paired with travelers’ countries of origins at ATM Dubai’s Global Halal Tourism Summit, on April 24th.
— eTurbo News

When Dr Selvy Anggeraini took over as the head of one of Jakarta’s busier government health clinics, she had a budget of 1 billion rupiah (US$72,500) to treat the 350 or so patients that came daily to seek care from one of her 14 doctors.
— South China Morning Post

Indonesia’s Go-Jek eyes Philippine ride-hailing market
Indonesia-based Go-Jek and two more local firms are interested to enter the Philippine ride-hailing market, a few weeks after California-based Uber left the country.
— Rappler

First Media Set to Allocate Capex of IDR350 Bln in 2018
PT First Media Tbk (IDX:KBLV) is going to allocate capital expenditure (capex) of around IDR250 billion-IDR350 billion for this year.
— Netral News

Say no to plastic straws, urges antiplastic campaign
Hundreds of people wearing blue T-shirts walked around the Hotel Indonesia traffic circle in Central Jakarta during Car Free Day on Sunday to campaign against the use of plastic straws.
— The Jakarta Post

Beef grief as Indonesia fails at self-sufficiency
Its ambitious quest for beef self-sufficiency apparently stalled, Indonesia’s government is now importing substantial quantities of low-quality Indian buffalo meat to make up for an ongoing shortfall and reduce the country’s reliance on costlier Australian beef imports.
— Asia Times

House speaker calls on govt to monitor money circulation
Speaker of the House of Representatives Bambang Soesatyo has called on the government to watch closely money circulation ahead the simultaneous regional election and the Eid al-Fitr, to anticipate circulation of counterfeit money.
— Antara News

Sharia-Housing Madinah City to be Built 1,000 Hectares in Bekasi
Sharia-based property company PT Darussalam Madani Property will develop 1,000 hectares of land in Cabangbungin Sub-district, Bekasi District, West Java, for the construction of a sharia housing called Madinah City.

Bank Panin books Rp 707b profit in first quarter
Private lender Bank Panin booked Rp 707 billion (US$50.9 million) in net profit in the first quarter of 2018, up 6.6 percent year-on-year (yoy), driven by an increase in net interest income and provisions made for impairments.
— The Jakarta Post

Callind, Indonesia’s Very Own WhatsApp
Novi Wahyuningsih from Tepakyang Village, Adimulyo Subdistrict, Kebumen, Central Java, succeeded in drawing public’s attention for her creation.
— Netral News


Feature photo rockyrobbie85


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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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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