Seizure of superyacht Equanimity being challenged in US, Indonesian courts
The company claiming legal ownership of the luxury yacht Equanimity, which was seized by FBI agents acting for the US Department of Justice (DOJ) in Indonesian waters last month, is taking the matter to court in Indonesia and the US.
— The Edge Markets
Indonesia prosecutors seek 16 years for former speaker in graft case
Indonesian prosecutors Thursday demanded 16 years imprisonment for former parliament speaker Setya Novanto in one of the graft-riddled country’s biggest corruption cases.
— The Sun Daily
Rp 3b granted to Bogor university to develop research, human resources
Indonesia’s largest poultry company, Charoen Pokphand Indonesia (CPI), has granted Rp 3 billion (US$210,000) worth of endowment fund to the Bogor Institute of Agriculture (IPB) to support academic activities in the institution.
— The Jakarta Post
Indonesia buys about 500,000 tonnes rice
Indonesian state food procurement agency Bulog bought about 500,000 tonnes rice in deals agreed late on Wednesday, European traders said on Thursday.
— Business Recorder
Dafam Property Offers 400 Million Shares to Public
PT Dafam Property Indonesia Tbk, which owns the Dafam hotel chain in Indonesia, plans to enter the Indonesian capital market through an initial public offering (IPO) in the Indonesia Stock Exchange (IDX).
— Netral News
Ministry of Transportation Proposes Ride-Hailing Tariff IDR2,000 per Kilometer
The government through the Ministry of Transportation proposes tariffs for ride-hailing motorcycles at IDR2,000 per kilometer (km), this includes profit and service costs.
— Netral News
Non-active SE Sulawesi governor gets 12 years in jail for corruption
The Jakarta Corruption Court on Wednesday night sentenced non-active Southeast Sulawesi governor Nur Alam to 12 years` imprisonment and fined him Rp1 billion or face another six months in jail for being involved in a corruption case.
— Antara News
Defense Spending Market in Indonesia Expected to Grow $10.6bn Forecast till 2021
Defense Spending in Indonesia Market Research Reports 2018 to 2021 tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies.
— Business Services
JCI Ends Rising 0.7 Percent, All Sectors Positive
The Jakarta Composite Index (JCI) ended up 48 points (+0.78 percent) to 6,188.9 on trading closed on Thursday (3/29/2018). A total of 213 shares rose in price, 157 shares weakened, and 114 other shares did not change in price.
— Netral News
Chinese nickel ore imports lifted 41pct in February
FNARENA reported that China’s nickel ore imports have lifted 41% in February as imports from Indonesia surged.
— Steel Guru
Indonesia temporarily bans imports of canned mackerel
Indonesia’s food and drug monitoring agency has released an official instruction to temporarily stop imports of canned mackerel products, as several brands have been found to be infested with parasitic worms, Tempo reported.
— Undercurrent News
Grab agrees to increase drivers’ income
Grab Indonesia, a ride-hailing application provider, plans to take measures to increase the income of its drivers in response to their protest earlier this week.
— The Jakarta Post
Rupiah Exchange Rate Rises 47 Points on Thursday Afternoon
The exchange rate of rupiah traded interbank in Jakarta on Thursday (3/29/2018) afternoon moved up by 47 points to IDR13,750 compared to the previous position of IDR13,797 per US dollar.
— Netral News
Ramayana Plans to Close Several Supermarket Outlets
Retail chain Ramayana Lestari Sentosa, popularly known as Ramayana, is currently studying the plans to close a number of its outlets in 2018.
— Tempo.co
Feature photo Jean-Marie Hullot
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 March 30 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
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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