Indonesia Morning News For July 17

Indonesia`s Exports Down 19 Percent in June
Indonesia`s exports fell 19.8 percent to around US$13 billion in June 2018 from $16.2 billion a month earlier, according to the Central Statistics Agency (BPS).
— Tempo.co

IIGF offers infrastructure projects worth US$330.8 million
The state-owned firm Indonesia Infrastructure Guarantee Fund (IIGF) has offered four national strategic projects worth Rp4.75 trillion (US$330.8 million) to domestic as well as international investors.
— Antara News

Indonesia’s Trade Balance Surplus by US$ 1.74b in June 2018
The Central Bureau of Statistics (BPS) recorded a surplus of Indonesia’s trade balance at the last point in June 2018.
— Netral News

Setya Novanto’s Doctor Sentenced to 3 Years in Prison for Obstruction of Justice
The Jakarta Corruption Court sentenced Dr. Bimanesh Sutarjo to three years’ imprisonment on Monday (16/07) for obstruction of justice in a graft investigation against his patient, Setya Novanto.
— Jakarta Globe

Indonesia`s imports plunges 36.27 percent in June
Indonesia`s imports plunged 36.27 percent to US$11.26 billion in June 2018 from US$17.67 billion a month earlier, according to the Central Statistics Agency (BPS).
— Antara News

Indonesian cocoa production shrinks as farmers switch crops
Cocoa production in the 130-year old industry in Indonesia is set to shrink for the third straight year as farmers switch to other crops and annual per capita consumption of chocolate languishes at just 11 ounces (300 grams) – half the rate of neighboring Malaysia, according to Euromonitor International.
— The Jakarta Post

Thailand: Siam Cement Group picks 29% in Indonesia’s home products retailer CSA
Thai conglomerate Siam Cement Group (SCG) has entered into conditional agreements to acquire a 29 per cent stake in Indonesian home products retailer PT Catur Sentosa Adiprana Tbk (CSA) for 2,400 million baht ($72.1 million), said SCG in a statement today.
— Deal Street Asia

Poverty rate falls to lowest level ever: BPS
The poverty rate in Indonesia has fallen to the lowest level ever recorded, according to the latest data from the Central Statistics Agency (BPS).
— The Jakarta Post

Indonesia’s motorbike sales drop 1.2 pct y/y in June
Indonesia’s motorcycle sales fell 1.2 percent in June from a year ago to 375,034 units, industry association figures showed.
— Reuters

Pertamina Applies One-price Fuel Policy to Papua
The management of PT Pertamina Marketing Operation Region (MOR) VIII Maluku-Papua has tapped a distributor to carry out the one-price fuel program in Fayit district, Asmat regency, Papua.
— Tempo.co

Governor Anies Baswedan says he’s not being tapped up for 2019 presidential election
Like many renowned political figures in Indonesia lately, Jakarta Governor Anies Baswedan is among those rumored to be a possible presidential/vice presidential candidate in next year’s election.
— Coconuts Jakarta

Indonesia, Gambia forge cooperation in protocol, security of OIC summit
The governments of Indonesia and Gambia forge cooperation in the protocol and security fields to host the Organization of Islamic Cooperation (OIC) Summit in Gambia in November 2019.
— Antara News

These Articles Will Ensnare Perpetrators of Massacre against Hundreds of Crocodiles in Sorong
Head of Public Relations of West Papua Regional Police Adjunct Senior Commissioner of Police Hary Supriyono said it is still investigating the case of massacre of 292 crocodiles in mass in captivity as reported earlier in this media.
— Netral News

New road link planned for Indonesia
A major new road connection is being planned in Indonesia. Interest has been strong in the tendering process for the Sumatra East Road crossing, according to the authorities.
— World Highways

SOE Ministry: 51 Percent of Freeport Stake Not Funded by SOE Bank
Gatot Trihargo, the Deputy for Financial Services, Surveying Services and Consultation Services of the Ministry of State-Owned Enterprises (SOEs), said no SOE bank funded the state-owned mining Industry Indonesia Asahan Alumunium (Inalum) to buy 51 percent stake of PT Freeport Indonesia (PTFI).
— Tempo.co

Indonesia, India sign business-to-business agreement on palm oil
Indonesian and Indian businesspeople signed on Monday a business-to-business agreement on palm oil to build communications between producers and consumers of the commodity.
— The Jakarta Post

Education minister talks zoning, donates 3,000 storybooks to Papua school
Marking the first day of the 2018-2019 new academic year, Education and Culture Minister Muhadjir Effendy donated 3,000 storybooks to state-run elementary schools SDN Kotaraja and SDN Inpres Kotaraja in Jayapura, Papua, on Monday.
— The Jakarta Post

Huge drugs haul intercepted in Bali: Indonesia police
Bali police said on Monday (Jul 16) they had intercepted a huge haul of Australia-bound cold relief tablets that contained a key ingredient for making illicit drugs.
— Channel NewsAsia

Indonesia’s PLN boss denies links to power station graft case
The chief executive of Indonesian electricity utility Perusahaan Listrik Negara (PLN) denied wrongdoing on Monday after the country’s Corruption Eradication Commission (KPK) searched his house for evidence in a power station graft probe.
— Reuters

Indonesian navy foils attempt to smuggle 5.2 kilograms of crystal meth
The Indonesian Navy Fleet Command (Koarmada) I foiled an attempt to smuggle 5.297 kilograms of crystal meth in Asahan waters in North Sumatra province.
— Antara News

Feature photo Andrew H

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.

Indonesia morning news for July 17 added by Stella-maris Ewudolu on July 17, 2018
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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.