Indonesia Morning News For February 1

Jokowi Dissatisfied with Indonesia`s Underperforming Exports
President Joko Widodo (Jokowi) admitted his dissatisfaction towards the performance of Indonesia`s exports.
— Tempo

Indonesia’s Telkom invests in Hungary-based mobile payments company
Indonesia’s state-owned telecommunications company on Wednesday said it has agreed to buy a 30.4% stake in a Hungary-based mobile payment service provider.
— Nikkei Asian Review

Jokowi calls for closer inspection of imported goods for e-commerce platforms
President Joko “Jokowi” Widodo has called for closer inspection of imported goods that are rampantly sold through e-commerce platforms, particularly on online marketplaces.
— The Jakarta Post

Food, Beverage Industry to Grow in 2018 Political Year
This year is considered to be a political year for Indonesia due to the series of regional elections that will be held simultaneously. This moment is believed to have a positive impact on the growth of the national food and beverage industry.
— Tempo

Indonesia needs S$205 billion for infrastructure plan
Indonesian President Joko Widodo is still chasing some US$150 billion (S$205 billion) to fund his ambitious nation-building agenda, almost half-way into a five-year infrastructure plan.
— Today Online

Indonesia records $4.8 billion investment in digital economy
The Investment Coordinating Board (BKPM) recorded foreign investment of US$4.8 billion in the digital economy last year.
— The Jakarta Post

Businessman Wants Justice Collaborator Status in e-KTP Graft Case
A second businessman implicated in the high-profile e-KTP graft case — where millions of dollars were embezzled from a government project to provide each Indonesian citizen with an electronic ID card — has requested to be granted justice collaborator status, a spokesman from Indonesia’s antigraft agency, the Corruption Eradication Commission, or KPK, said on Wednesday (31/01).
— JakartaGlobe

Transportation Minister to Facilitate Online Taxi Drivers
Transportation Ministry Budi Karya Sumadi said that he would facilitate the demands of online taxi drivers who complained about the ride-hailing companies who suspend their accounts.
— Tempo

Minister encourages more SOEs to issue Komodo bonds
State-owned Enterprises (SOEs) Minister Rini Soemarno is encouraging other SOEs to issue rupiah-denominated Komodo bonds, following the success of toll road operator PT Jasa Marga and construction firm PT Wijaya Karya (Wika) in listing their bonds on the London Stock Exchange (LSE).
— The Jakarta Post

Garuda Indonesia Extends Partnership with Polri
State-owned aviation company Garuda Indonesia (IDX:GIAA) has again become the official flight choice for the Indonesia National Police (Polri), following the signing of the Garuda Indonesia Corporate Sales and Police Cooperation Agreement.
— Netral News

Indonesia: 5 infographics on population, wealth, economy
With the largest population and economy by far, not only is Indonesia the heavyweight of Southeast Asia but it also has an enormous potential for growth. This series of infographics illustrate key demographic and economic data on Indonesia, as well as comparisons with other ASEAN and world-leading countries.
— AseanUp

Indonesia Reduces Deforestation by 21% in 2 Years
Indonesia has reduced deforestation within its borders by 21.2 percent over the past two years due to improved forest management, the Ministry of Environment and Forestry said in a statement on Monday (29/01).
— JakartaGlobe

CMNP Plans to Distribute Stock Dividend
PT Citra Marga Nusaphala Persada Tbk (CMNP) is planning to distribute dividend of book year 2017 in the form of shares.
— Netral News

President chairs limited meeting to boost investment
President Joko Widodo chaired a limited meeting at the presidential office in Jakarta on Wednesday to discuss efforts to boost investment in the country.
— Antara

Iran’s non-oil exports to Indonesia grow by 217%
Commercial Attaché of Iranian Embassy to Indonesia Anvar Kamari said here on Wednesday, “according to the latest statistics published by the Islamic Republic of Iran Customs Administration (IRICA), Iran’s non-oil exports value to Indonesia in the nine months of the current Iranian calendar year hit $400 million, showing a considerable 21 percent as compared to the same period of last year.
— MEHR News

Top Five Foreign Investors in Indonesia, Singapore the Largest
Singapore has became the largest foreign investor in Indonesia with USD8.4 billion.
— Netral News

Indonesian and M’sian troops can enter Philippines to catch terrorists
President Duterte said Indonesian and Malaysian troops can enter the Philippines in pursuit of terrorists.
— The Star Online

Taiwan’s New Southbound Policy For Indonesia
Taiwan’s current president Tsai Ing-wen, during her inauguration address in May 2016, revealed her goals for identifying a new direction for economic development for her country.
— Indonesia Expat

Indonesia traffickers sold crocs, pythons on social media: Police
A group of suspected animal traffickers have been arrested in Indonesia for selling crocodiles, pythons and other protected species through Facebook and the messaging service WhatsApp, police said on Wednesday (Jan 31).
— Channel NewsAsia

Feature photo Ilya Yakubovich

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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.