Indonesia Morning News For January 11

Cement Industry is Predicted Still Hard to Develop
During the past 11 months, domestic cement sales are still dependent on the property and infrastructure sectors, Mirae Aset Sekuritas analyst Mimi Halimin has said.
— Netral News

Weapons producer eyes Rp 2.9 trillion in revenue for 2018
State-owned weapons manufacturer PT Pindad is aiming for Rp 2.9 trillion (US$203 million) in revenue this year, said Pindad president director Abraham Mose in Bandung on Tuesday.
— The Jakarta Post

China Re-issues Mangosteen Export Permit for Indonesia
The Chinese Government has allowed Indonesia to export mangosteen to China after the fruit commodity was banned for four years due to the lack of quality standards.
— Tempo

Govt opens rice import option
The government through the Ministry of Trade stated that it opened the option of importing special rice to strengthen the stock.
— Antara

Indonesia’s regional elections will not derail economic reforms: fin min
Indonesia’s finance minister, pledging steady support for investment and exports, said on Wednesday the government won’t be distracted from its economic reform program by provincial elections this year.
— Reuters

Line said to explore cryptocurrencies for payment services
Line Corp. is working to integrate cryptocurrencies into its messaging platform as the Tokyo-based company seeks to differentiate its products and services, according to people with knowledge of the matter.
— The Jakarta Post

Gov’t to Cut ‘Red Line’ Imports by Half to Improve Port Dwelling Time
Next month, the government will ease imports on a majority of goods that are currently prohibited or severely restricted to accelerate handling processes at ports across the country, Finance Minister Sri Mulyani Indrawati said on Tuesday (09/01).
— JakartaGlobe

Cigarette consumption second largest contributor to poverty: Bappenas
Cigarette consumption is the second largest contributor to poverty in the country, following rice consumption as the largest contributor, the National Development Planning Board (Bappenas) stated on Tuesday.
— The Jakarta Post

Indonesia to Open Over Billion Dollar Tender for Kalimantan Gas Pipelines
Indonesia will open a tender in 2018 for the development of three pipelines to transport and distribute gas from Natuna in Riau Islands to Kalimantan, the chairman of BPH Migas, the country’s downstream oil and gas regulator, said on Tuesday (09/01).
— JakartaGlobe

Motorcycle Sales in Indonesia: Down Slightly in 2017, Up in 2018?
Although motorcycle sales in Indonesia fell slightly in 2017, an improvement was detected.
— Indonesia Investment

Susi insists on continuing her ship-sinking policy
Maritime Affairs and Fisheries Minister Susi Pudjiastuti has insisted that she will continue to sink ships that have been found guilty of operating illegally in Indonesian waters.
— The Jakarta Post

Indonesia: A Booming Market for Online Shopping
The third edition of InternetRetailing Expo Indonesia will discuss the country’s most pressing trends from 24-25 January.
— Asiaoutlook

Bank Rakyat Indonesia (BRI) Targets Double-Digit Growth in 2018
Indonesian financial institution Bank Rakyat Indonesia (BRI) targets to see double-digit profit growth in 2018 supported by rising credit growth.
— Indonesia Investment

PLN Adds Electricity Supply for Industry in Bintan Island
State electricity company PT PLN (Persero) of Riau and Riau Islands Region continues to increase electricity supply to industrial customers in Bintan Island.
— Netral News

Indonesia’s alleged paedophile scandal
A teacher in Indonesia has been arrested on suspicion of sexually abusing dozens of young boys, officials have said.
— UCA News

3 Mistakes in Starting Business According to Go-Jek CEO
Nowadays, the younger generation choose to enter the business world by presenting numerous innovations in an attempt to attract consumers. Oftentimes, many of them make several mistakes during the commencement.
— Tempo

DBS Group Research: Household Consumption to Improve in 2018
Household consumption in Indonesia is expected to improve in 2018. This assumption is based on a number of indicators that show a positive trend.
— Indonesia Investment

Feature photo Curt Carnemark / World Bank

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