Indonesia Morning News For January 19

Indonesia Morning News For January 19

Indonesia morning newsUPDATE 1-Indonesia holds rates, to accelerate reserve rules
Indonesia’s central bank on Thursday kept its key interest rate unchanged, as expected, but pledged to accelerate planned changes of rules on reserve requirements, to give banks more liquidity and encourage them to invest money.
— Reuters

Subsidiary of PGN Distributes Electricity Supply of 5 MW to Tanjung Balai Karimun Island
The subsidiary of state-owned gas company PT Perusahaan Gas Negara (Persero) Tbk (PGAS.JK) or PGN, PT Widar Mandripa Nusantara (Widar), again expanded its business by increasing its electricity supply.
— Netral News

Solar energy not just clean, but also economically sound, says expert
Photovoltaic energy is not only a clean energy source, but it can be economically sound, particularly if it is developed in remote areas that lack access to the main electricity network, said Priyavrat Bhati, the director for energy and industry of the India-based Centre for Science and Environment.
— The Jakarta Post

Indonesia Digest: State bank BNI, port operator Pelindo IV to issue bonds
Indonesia’s state-owned bank BNI and port operator Pelindo IV are seeking to finance expansion projects by issuing multi-million-dollar bonds, according to news agency Antara.
— DealStreetAsia

Antam hopes to sell 24 tons of gold bars in 2018
Publicly traded state-owned general mining company PT Aneka Tambang (Antam) said it hopes to sell 24 tons of gold in 2018, up 105.12 percent from last year`s sales of 11.7 tons.
— Antara

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Govt offers BSD-airport LRT project to investors
INDONESIA’S Transportation Minister Budi Karya Sumadi has said that the government is offering to investors a light rail transit (LRT) project, connecting Bumi Serpong Damai (BSD) and Soekarno-Hatta International Airport, both in Tangerang, Banten.
— The Nation

Can this man save Indonesia’s Golkar?
Aiming to regain public trust after the indictment on corruption charges of its disgraced chairman and Parliament Speaker Setya Novanto, the new leader of Indonesia’s Party of the Functional Groups, better known as Golkar, is taking a measured approach to the party’s preparations for the 2019 legislative elections.
— Asia Times

Indonesia’s Kalbe Farma moves into clinical testing
Indonesian pharmaceutical company Kalbe Farma is entering the clinical testing business with two Japanese companies to tap the country’s growing demand for prevention of lifestyle-related diseases.
— Nikkei Asian Review

Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
Alphabet Inc’s Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said.
— DealStreetAsia

Anies Baswedan Explains Requirements for Zero Percent Down Payment House
Jakarta Governor Anies Baswedan begins the realization of his campaign promise, the Zero Percent Down Payment (DP) House.
— Netral News

Impacts of 2018 elections on Indonesian economy
Indonesia is bracing for simultaneous elections across 171 regions later this year and the preparations are ongoing.
— The Jakarta Post

Datsun Cross Engine More Powerful than Old Version
The latest cross-over compact Datsun Cross comes with a 1200cc engine coded HR12DE with a three-cylinder configuration.
— Tempo

Jokowi’s Program Creates More Jobs for Grassroots Communities
The Indonesian government has doubled its budget for a program to develop irrigation systems in country areas which is also intended to create more jobs for grassroots communities.
— JakartaGlobe

Jakarta railway projects spark bedroom suburb buildup
Residential developments are sprouting on the periphery of Jakarta, now that new railways are about to offer commuters a way around the city’s notorious traffic.
— Nikkei Asian Review


Feature photo Kanenori


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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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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