Indonesia Morning News For June 20

Indonesia c.bank says ready to respond to US Fed rate hike
Indonesia’s central bank said on Tuesday it is ready to respond to the US Federal Reserve’s interest rate hike with policies that could include raising its own interest rates again and easing mortgage rules.
— The Edge Markets

New millennial party rebrands Indonesia’s predatory politics
The Indonesian Solidarity Party (PSI), a new participant in Indonesia’s electoral landscape set to contest the 2019 national election, is grabbing the attention of Indonesian political watchers.
— East Asia Forum

Chemical from Indonesia in antidumping net; probe begins
India has initiated an antidumping probe into import of a chemical – used in food, beverages and pharma industry – from Indonesia.
— Times of India

Tokio Marine to buy two SE Asian insurers
Tokio Marine Holdings said today it has agreed to acquire two insurance companies in Southeast Asia from Insurance Australia Group for ¥42.8 billion (RM1.5 billion) to bolster its operations in a fast-growing market.
— The Sun Daily

Asia’s digital competitiveness rankings fall
ASIA’S rankings fell in the IMD World Digital Competitiveness Rankings 2018, while the US, Canada and Europe made it to the top ten list.
— Digital News Asia

UK eases visa application processes for Indonesian students
The United Kingdom (UK) Visas & Immigration service is easing visa application processes for Indonesian students by reducing the documentation requirements for Tier-4 student visa applicants.
— Antara News

Drivers to be required to undergo psychological test to get license: Police
The Jakarta Police are set to require all drivers to undergo a psychological test to obtain, upgrade or renew driver’s licenses.
— The Jakarta Post

Asia’s thermal coal demand poised to grow
Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found.
— Mining Weekly

7 Illegal Gold Miners Die from Gas Poisoning in Lombok
The police evacuated 13 illegal miners trapped inside a mine in Mount Suge, West Lombok at 11:00 local time. Seven of the miners died.
— Tempo.co

Facing resource crisis, Indonesia charts a ‘green development’ course
Indonesia’s development model over the decades has been to exploit its abundant natural resources to feed a population that’s now ballooned to 260 million and fuel an economy that’s among the world’s top 20.
— Mongabay

Latest trade spat could hurt Indonesia
As trade tensions escalate following the United States’ fresh tariffs against Chinese goods, the Indonesian government should maintain domestic stability and explore new export destinations to avoid a trade deficit, analysts and businesspeople have said.
— The Jakarta Post (paywall)

EMs Can’t Adjust Fast Enough to Stresses, Indonesian Finance Minister Says
Emerging markets are struggling to keep pace with rising global interest rates and heightened trade tensions, which are creating more uncertainty in the world, Indonesian Finance Minister Sri Mulyani Indrawati said.
— Bloomberg (video)

Indonesia eyes increased economic coop. with Iran: envoy
Indonesian ambassador to Iran Octavino Alimudin said on Tuesday that Indonesia is eager to boost trade and economic relations with Iran.
— MEHR News Agency

Rescuers Search for Dozens Missing in Indonesia Ferry Sinking
Dozens of passengers were still missing on Tuesday after their ferry capsized in Indonesia’s Lake Toba.
— Asharq Al-awsat

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.

Indonesia Morning News For June 20 added by Stella-maris Ewudolu on June 20, 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.