Indonesia Morning News For January 25

Gov’t Offers Loans to 800,000 Ultra Micro-Entreprises
The government will disburse loans worth up to Rp 3.24 trillion ($272 million) to 800,000 ultra micro-enterprises to improve the economy, Finance Minister Sri Mulyani Indrawati said on Tuesday (23/11).
— JakartaGlobe

PepsiCo Cuts Ties with Palm Oil Supplier
Food and beverage giant PepsiCo has suspended procurement from a palm oil supplier over claims of labor abuses on its Indonesian plantations, a move hailed by campaigners on Wednesday.
— Tempo

Millcon Steel launches joint venture to expand into Indonesia
Millcon Steel has launched a joint venture with Artha Graha Group, its strategic partner in Indonesia, in a move aimed at expanding market in the fastest growing market in Southeast Asia.
— The Nation

Krakatau Steel Eyeing for 40 Percent Sales Increase in 2018
State-owned steel producer Krakatau Steel expects a 40 percent increase in sales volume in 2018, which would amount to 2.8 million tons of steel production.
— Tempo

6.4-magnitude earthquake jolts Lebak, Jakarta: Agency
The Meteorology, Climatology, and Geophysics Agency (BMKG) here on Tuesday reported that a 6.4-magnitude earthquake hit Lebak and some of its neighboring areas, including Jakarta, Purwakarta, Bandung, South Tangerang, and Lampung in Sumatra.
— Antara

IIX Growth Fund backs Green Enterprises Indonesia in first investment
IIX Growth Fund (IGF), backed by Singapore-based Impact Investment Exchange (IIX), has closed its first investment by injecting $475,000 into PT Green Enterprises Indonesia (GEI), according to an IGF statement on Wednesday.
— DealStreetAsia

Increased Capacity, Garuda Indonesia Targets Revenue to Reach $4.9 Bln This Year
PT Garuda Indonesia Tbk (GIAA) targets to achieve $4.9 billion in revenue in 2018 in line with efforts to increase production capacity by 13 percent to 15 percent.
— Netral News

Indonesia’s BeliMobilGue raises $3.7M to let consumers sell their cars quickly and easily
A new startup in Indonesia wants to car owners in Southeast Asia’s country sell their vehicle with more security and reliability.
— Tech Crunch

State construction firm WIKA eyes Rp 5.4t from Komodo bonds sale
State-owned construction firm PT Wijaya Karya (WIKA) is set to offer Rp 5.4 trillion (US$405.46 million) in Komodo bonds, a move that follows state-owned toll road operator PT Jasa Marga, which listed its global rupiah bonds on the London Stock Exchange (LSE).
— The Jakarta Post

LGBT will not be legal in Indonesia: Kalla
Indonesia will not legally recognize the identity of lesbian, gay, bisexual and transgender (LGBT), Vice President Jusuf Kalla commented while speaking on the issue of the parliament`s plan on regulating the LGBT.
— Antara

China expects greater RI participation at 2018 import expo
China has called on Indonesia to join the China International Import Expo (CIIE), scheduled in November this year, as one of the ways to boost trade between the two countries.
— The Jakarta Post

BPH Migas Adjust Natural Gas Selling Prices in Six Regions
The Indonesia Downstream Oil and Gas Regulatory Agency, also known as BPH Migas, has revised natural gas selling prices at a number of areas in Indonesia.
— Netral News

Indonesia invites China to invest in ‘10 new Bali’
Tourism Minister Arief Yahya has invited investors from China to put their money in the new 10 destinations being promoted by the Indonesian government as “10 New Balis.”
— The Jakarta Post

Indonesia ropes in religious leaders in anti-waste drive
The Indonesian government has teamed up with religious leaders in a three-month campaign to improve waste management in the country.
— UCA News

Eveready forms FMCG JV with Indonesia’s Universal Wellbeing
Dry cell battery maker Eveready IndustriesBSE -1.57 % India (EIIL) on Wednesday said it has entered into a joint venture (JV) with Universal Wellbeing Pte Ltd, to engage in the business of manufacturing, importing and marketing of fast moving consumer goods (FMCG) in India.
— Economic Times

Indonesia Ranks Higher in 2018 Global Talent Competitiveness Index
Indonesia improved its ability to attract professionals and keep the existing skilled workforce, the annual Global Talent Competitiveness Index showed on Wednesday (24/01).
— JakartaGlobe

Feature photo airunique

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.