Indonesia Morning News For January 4

Indonesia Morning News For January 4
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Indonesia morning newsEnergy subsidy swells to Rp 97.6 trillion: Sri Mulyani
The government spent an additional Rp 7.7 trillion (US$ 539 million) on energy subsidies in 2017 due to the increasing global price of crude oil in recent months, according to Finance Minister Sri Mulyani Indrawati.
— The Jakarta Post

Bulog to purchase farmers` onion stocks amid price drop: Minister
State Logistics Agency (Bulog) will purchase the farmers` onions at Rp15 thousand (US$1.11) per kilogram after the price in the main production area in Brebes District, Central Java, plummeted, Agriculture Minister Andi Amran Sulaiman stated.
— Antara

Three new airport trains to operate this year: Minister
After the inauguration of the airport train in Jakarta by President Joko “Jokowi” Widodo on Tuesday, the government plans to operate airport trains in three other cities – Padang in West Sumatra, Palembang in South Sumatra and Surakarta in Central Java.
— The Jakarta Post

Domestic factors cause rupiah`s strengthening: BI
The rupiah strengthened against the US dollar at the start of 2018 thanks to the improving domestic economy, Bank Indonesia (BI) Governor Agus Martowardojo said.
— Antara

Indonesia economy hits trillion-dollar milestone
Indonesia’s economy, the largest in South-East Asia, hit a milestone last year by reaching US$1 trillion, yet the mood wasn’t celebratory as the government continued to miss its revenue targets.
— The Star Online

Indonesia unveils plan to halve forest fires by 2019
The Indonesian government unveils a two-fold plan to reduce land and forest fire hotspots by protecting peat forests.
— Eco Business

AirAsia’s Indonesian arm becomes part of AirAsia Indonesia
PT Indonesia AirAsia (IAA), the Indonesian arm of Malaysia-based low-cost carrier AirAsia Bhd., has officially become part of publicly listed company PT AirAsia Indonesia (AAI) following the completion of a recent acquisition.
— The Jakarta Post

Government seeks to lower poverty rate to below 10 percent this year
The National Development Planning Agency (Bappenas) has set itself the target of lowering poverty rate to less than 10 percent of the total Indonesian population this year.
— Antara

From the entrepreneur’s desk: Thank you 2017, thank you
2017 has been a great year for me and my family. There are a lot of huge milestones I have achieved in 2017, but the ultimate milestone for me was the acquisition of by, a Djarum company.
— DealStreetAsia

Sri Mulyani to pursue tax target using official data
Finance Minister Sri Mulyani Indrawati said she would utilize official data held by tax authorities in collecting taxes in 2018.
— Antara

BPJT Set on Raising Tariffs of Six Toll Roads Soon
Herry Trisaputra Zuna, Head of Toll Road Regulatory Agency (BPJT) at the Ministry of Public Works and People’s Housing, says the agency’s plans to increase the tariff of six toll roads will be realized in the near future, so the new tariff can be implemented this year.
— Netral News

Govt Pegs Clean Energy Investment Target at Rp32tn
The Energy and Mineral Resources Ministry is targeting investments in the clean energy sector to reach Rp32 trillion this year. The value is almost twice as much as last year’s actualized investment of Rp17.6 trillion.
— Tempo

Bali`s Target for Tourist Arrivals Set 1 Million Higher in 2018
The provincial administration of Bali has set target for the number of foreign tourist arrivals at 6.5 million in 2018.
— Tempo

Indonesia launches cyber agency to tackle extremism, fake news
Indonesia launched a new cyber security agency today as the world’s biggest Muslim majority country moves to tackle online religious extremism and a flood of fake news on social media.
— Business Standard

Pertamina to Drill 69 Wells in Mahakam
Pertamina will drill 69 wells at the Mahakam block in East Kalimantan this year. The drilling is aimed at curbing the declining rate of production.
— Tempo

Mitsubishi’s plan to buy Bank Danamon up for discussion
The Financial Services Authority (OJK) says it is open for discussion to a plan by the Mitsubishi UFJ Financial Group (MUFG) to acquire a bigger stake in PT Bank Danamon Indonesia, one of Indonesia’s leading private lenders.
— The Jakarta Post


Feature photo World Bank/Nugroho Nurdikiawan Sunjoyo


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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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