Indonesia Morning News For July 5

Indonesia Morning News For July 5
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Indonesia morning newsEscaping the middle income trap through Making Indonesia 4.0?
Much attention has been afforded to President Joko “Jokowi” Widodo’s recent launch of Making Indonesia 4.0, an industrial strategy that chiefly emphasizes harnessing technology to boost growth in tune with the digital era.
— The Jakarta Post

US$1.1b loan for Jakarta-Bandung railway project to be disbursed in July
China Development Bank (CDB) is planning to disburse US$1.1 billion in the second phase of construction for the Jakarta-Bandung high-speed railway project. The first phase, involving a loan of $170 million, took place in May.
— The Jakarta Post

Indonesia Extends Freeport’s Operating Permit for Grasberg
Operations at Freeport McMoRan’s (NYSE:FCX) Grasberg copper project in Indonesia have been allowed to continue while the Indonesian government negotiates a controlling stake in the mine.
— Investing News

Indonesia’s Economy Is Not Overheating: Central Bank
The central bank said Indonesia’s widening current-account and trade deficits until the middle of the second quarter of this year should not be seen as indications that the country’s economy is overheating or growing beyond its capacity.
— Jakarta Globe

Digital innovation could push development of sharia finance
A Finance Ministry official said innovation of services in digital economy could lead to development of sharia economy in this southeast Asia`s largest economy.
— Antara News

PGN seeks external funding to acquire two-thirds of Pertagas` shares
State gas firm PT Perusahaan Gas Negara (PGN) is seeking external funding sources to acquire two-thirds of the shares of PT Pertamina Gas (Pertagas), a subsidiary of state oil and gas company Pertamina.
— Antara News

Jakarta Police Instructed To Shoot On Sight For Street Crimes
To ensure security for the 2018 Asian Games, which will see thousands of international athletes and officials descend upon the Indonesian capital, Jakarta Police chief Inspector-General Idham Azis has instructed officers to shoot criminals on sight to fend off street crime, particularly motorcycle thieves and muggers.
— Indonesia Expat

BPOM Ban Sweetened Condensed Milk Promote Its Product to Children
The Food and Drug Supervisory Agency (BPOM) published a circular aimed to producers, importers, and distributors of sweetened condensed milk and similar products.

Jokowi wants Criminal Code’s corruption-related articles reviewed
President Joko “Jokowi” Widodo has instructed his aides to review corruption-related articles in the Criminal Code bill and has set no deadline for the approval of the revision.
— The Jakarta Post

Indonesian Books on Finance & Economics: Investing in Digital Startups
Seeing various startup companies – across the globe (but also in Indonesia) – having developed into influential unicorns with a valuation of at least USD $1 billion, startup companies deserve some special attention.
— Indonesia Investments (media release)

Indonesia Salary Guide 2018 [report]
The most populous country of Southeast Asia, Indonesia has a large workforce, a fast-growing economy and a dynamic and varied business environment with many work opportunities.
— Asean Up

Indonesia’s PT Net Visi Media plans $14 million August IPO – underwriter
PT Net Visi Media, an Indonesian media firm, plans to raise 200 billion rupiah ($14 million) in an initial public offering (IPO) in August, its underwriter told media.
— Today Online

Govt to accelerate development of dams for food self-sufficiency
President Joko “Jokowi” Widodo has pledged to complete the construction of eight dams so that water needed to irrigate agricultural land can be available, allowing for immediate food self-sufficiency.
— The Jakarta Post

Indonesia starts exporting sheep to Malaysia
Indonesia’s Ministry of Agriculture last week released 2100 heads of thin tail type sheep from the animal quarantine installation in Surabaya, East Java to be transported to Riau.
— UkrAgroConsult


Feature photo sendywulandh


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.


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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.

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