Indonesia Morning News For June 27

Chevron to cut investment in Indonesia gas project to around $6 billion: deputy minister
Indonesia’s deputy energy minister said on Tuesday Chevron Corp intended to cut planned investment in the Indonesia deepwater development (IDD) gas project to around $6 billion from $12.8 billion.
— Reuters

May records Rp 685t revenue, Rp 94.43t deficit
The Finance Ministry has announced that through May, the government had reaped Rp 685.09 trillion (US$48.33 billion) in state revenue, mainly supported by a greater collection in non-oil and gas income taxes and value-added taxes.
— The Jakarta Post

Indonesia’s Go-Jek in discussions to raise $1.5b in fresh funding: Report
Indonesia’s ride-hailing giant Go-Jek is in talks to raise a fresh funding round of another $1.5 billion to support its plan to expand into new markets and challenge Grab’s domination in the region following Uber’s recent exit, according to a report by The Information.
— Deal Street Asia

Indonesia’s Lippo Group says invests $44 million in China’s Tencent
Indonesian conglomerate Lippo Group said on Tuesday it had invested 628 billion rupiah (33.39 million pounds) in Chinese internet giant Tencent Holdings Ltd <0700.HK> through shares and equity-linked notes.
— Euronews

Jokowi’s battle begins with local election
Indonesia’s most populous province is set to go to the polls in what’s shaping up as a test of President Joko Widodo’s popularity and a potential springboard for his rivals ahead of next year’s presidential election.
https://theaseanpost.com/article/jokowis-battle-begins-local-election
— The Asean Post

Top 5 Cities in Indonesia with the Largest Number of Online Shoppers in the Last 3 Years
Priceza Indonesia, as one of the pioneers in shopping search engine and price comparison platform in Indonesia, reveal interesting facts about top 5 cities in Indonesia with the largest number of online shoppers in the last three years.
— AEC News Today/ PR Newswire

Indonesians to benefit from two financed projects: World Bank
Better nutrition for millions of Indonesian children and modernized irrigation systems for hundreds of thousands of Indonesian farming families are the key goals of the two new loans approved by the World Bank.
— Antara News

Lampung OAIL Set to be Southeast Asia`s Largest Observatory
An observatory is currently being constructed at Wan Abdurrahman forest park area in the Indonesian province of Lampung.
— Tempo.co

Is Indonesia preparing to go nuclear?
Blessed with copious amounts of coal, huge reserves of natural gas and a rich store of geothermal energy and other climate-friendly renewables, Indonesia’s frequent talk over the years about venturing into the nuclear age has always appeared to lack conviction.
— Asia Times

Indonesian election season is a gauge of rise of political Islam
About 100 residents of a gritty commercial district of Indonesia’s capital listen intently as a man roars into a microphone: “Are you ready to change our president? Are you ready for new leadership?”
— Reuters

690 ballot papers burned in Bali
The Denpasar chapter of the General Election Commission (KPU) burned on Tuesday a total of 690 damaged Bali gubernatorial election ballot papers, a day prior to voting day. The ballot papers were burned to prevent misuse.
— The Jakarta Post

Revision of state budget presented end of June: Finance minister
Finance Minister Sri Mulyani Indrawati said her ministry will propose the draft revision of the state budget to the House of Representatives by the end of June after it reports the realization of state budget in the first half of 2018.
— Antara News

Garuda Indonesia OTP Reaches 90.23 Percent at 2018 Eid
National airline Garuda Indonesia successfully recorded an on time performance (OTP) of 90.23 percent during the peak season of 2018 Eid.
— Netral News

Indonesia disputes report on language criteria for foreign workers
Indonesia is disputing a report by The New York Times that said it is imposing a language requirement for all expatriate workers in the country.
— The Straits Times

Analysis: Challenges for Indonesia’s pharmaceutical industry in 2018
The prospects of Indonesia’s healthcare sector, including that of the pharmaceutical industry, are promising.
— The Jakarta Post (paywall)

Indonesia prepares destinations to host IMF-WB annual meeting
Indonesia is preparing facilities and making access improvements on the famed resort island of Bali to host the International Monetary Fund (IMF) and World Bank (WB) annual meeting in October.
— Xinhua

Finance Minister Sri Mulyani Lays Down Facts About Indonesia’s Debts
The Ministry of Finance asserts that the government continues to measure the country’s debt levels well. Moreover, its current position as of end of May 2018 reached IDR4,169 Trillion.
— Netral News

3,300 military personnel deployed to secure voting day in Bali
The 9th regional military command (Kodam IX Udayana) is set to deploy some 3,300 personnel to support
— The Jakarta Post

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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 27 added by Stella-maris Ewudolu on June 27, 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.