Indonesia Morning News For February 21

Indonesia to regulate domestic coal price to curb electricity costs
The Energy and Mineral Resources Ministry says it will issue a regulation on the domestic price of coal to curb production costs as the government has decided not to increase electricity rates.
— The Jakarta Post

Indonesia slows infrastructure construction after another accident
The Indonesian government on Tuesday said it will temporarily halt the construction of elevated toll roads and railway tracks while probing a string of recent construction accidents.
— Nikkei Asian Review

US says Indonesia forgoing billions of dollars in investment
Indonesia is foregoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, US Ambassador to Indonesia Joseph Donovan said.
— Gulf News

Bad loan in mining sector declines in Indonesia
Indonesian banks’ non-performing loan in mining sector has declined as rising global demand and subsequent stronger coal price.
— Xinhua

Indonesia seizes record 1.6 tonnes of crystal methamphetamine
Indonesia seized a record 1.6 tonnes of crystal methamphetamine from a ship off the northern island of Batam on Tuesday, a narcotics official said, the second major drug bust this month.
— Reuters

Government opens investment opportunities in livestock sub-sector
The Government of Indonesia has opened wide opportunities for various parties to invest in the country`s livestock sub-sector, Director General of Animal Husbandry and Animal Health at the Ministry of Agriculture I Ketut Diarmita stated.
— Antara

East Ventures invests in Indonesian on-demand warehousing startup Waresix
Indonesian on-demand warehousing company Waresix announced today that it has raised an undisclosed amount of seed funding from East Ventures.
— DealStreetAsia

Indonesia to hand over 2m ha of forest land to locals: Minister
Environment and Forestry Minister Siti Nurbaya Bakar said on Tuesday that the government this year planned to hand over 2 million hectares of forest land to local residents to be used for other functions.
— The Jakarta Post

Alibaba-backed Tokopedia takes online shopping throne
Indonesia’s e-commerce sector is soaring as technology continues to disrupt consumer behavior.
— Nikkei Asian Review

Jokowi government succeeds in slashing inflation: Palace
A Presidential palace spokesman said in three years the government of President Joko Widodo (Jokowi) has succeeded in slashing inflation from 8.36 percent in 2014 to 3.61 percent year-on-year in 2017.
— Antara

ADB: Indonesia must create more ‘quality jobs’
Indonesia has to create more ‘quality jobs’ to increase productivity and competitiveness for sustained and inclusive growth, an Asian Development Bank study has shown.
— Public Finance International

Internet literacy reaches more than half of Indonesian population: Survey
Internet literacy among Indonesians is said to have increased by more than half or up to 54.68 percent, according to a survey released by the Indonesian Internet Service Providers Association (APJII).
— The Jakarta Post

Emirates To Launch First Year-Round Direct Flight Between Auckland And Bali
Starting June 14, 2018, Emirates will have a new daily service from Dubai to Auckland via the island of Bali, Indonesia.
— Indonesia Expat

Indonesia must have clear concept to go green
The Indonesian government is committed to developing environment-friendly energy as part of its efforts to go green and achieve a target of 23 percent renewable energy mix by 2025.
— Antara

Indomaret Employee Salary Higher Tan Bank Employee`s
Prana Rifsana, Chairman of the Workers Union of PT Bank Permata Tbk., said that workers in the banking sector in some regions are still receiving salary below the provincial minimum wage.
— Tempo

Indonesian unicorn Bukalapak weighs next fundraising strategies
Amid repeated calls by the government and the IDX urging Indonesia’s unicorns to go the IPO route, marketplace platform Bukalapak, the country’s newest unicorn, says it is in two minds about becoming a publicly listed company.
— DealStreetAsia

Citi Indonesia Awarded The Asset’s Best Digital Bank and Best Retail Mobile Banking Experience
Citi Indonesia was recently awarded as Best Digital Bank and Best Retail Mobile Banking Experience by The Asset Magazine.
— Netral News

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