Indonesia Morning News For May 10

ISIS claims role in deadly Indonesia prison riot
A riot at a police detention center near Indonesia’s capital left five officers and a prisoner dead and another officer held hostage Wednesday. The Islamic State of Iraq and Syria (ISIS) said its fighters were involved but authorities blamed the violence on a food fight.
— CBSN

Indonesian presidential envoy donates US$200,000 to Taipei City
A special envoy of Indonesian President Joko Widodo announced Wednesday that he was donating US$200,000 to help disadvantaged people in Taipei City.
— Focus Taiwan

Indonesia affirms cap on foreign ownership in insurers at 80%
Indonesia has enacted Regulation no.14/2018 on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80%.
— Lexology

Bank Indonesia under greater pressure to raise interest rate
With rupiah losing more value, the pressure is greater for Bank Indonesia to raise its benchmark interest rate.
— Antara News

Government wins petition on access to financial information
The Constitutional Court rejected on Wednesday a petition against Law No. 9/2017 on access to financial information for taxation purposes.
— The Jakarta Post

Sumatra to Pilot Blockchain App for ‘Decentralised Decision-Making’
An Australian startup is launching a blockchain application in Indonesia that could eventually allow citizens to vote in elections.
— CoinDesk

Indonesian women earn more on average than men in only 3 out of 17 industries according to gov’t study
It looks like Indonesia still has ways to go to eliminate the gender pay gap as a recent study by the National Statistics Agency (BPS) showed that men, on average, earn more than women in nearly all of the industries they analyzed.
— Coconuts Jakarta

IMF Not Very Concerned About FX Pressure in Indonesia, Philippines
The International Monetary Fund is not too worried about recent selling pressure on assets in Indonesia and the Philippines as it was not triggered by domestic factors and Asia has stronger buffers than in the past, a Fund official said on Wednesday (09/05).
— Jakarta Globe

Indonesia’s Central Bank Signals Rate Hike to Stem Market Rout
Bank Indonesia is preparing monetary measures to restore stability to the nation’s currency and bond market hit by a selloff, signaling for the second time in less than two weeks that the central bank may hike rates.
— Bloomberg

New bond for Indonesian helpers ‘urgently necessary’ to protect them: Indonesian Embassy
The Indonesian Embassy in Singapore said on Wednesday (May 9) that it is “urgently necessary” for a new S$6,000 performance bond to be implemented on employers who hire Indonesian domestic helpers, as the move will allow it to “better protect” these migrant workers.
— Channel NewsAsia

Workplace Automation to Nearly Double in Indonesia in The Next 3 Years – Willis Towers Watson
Workplace automation is expected to nearly double in Indonesia in the next three years, transforming workplaces and the skills required for future jobs, according to a survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company.
— Stockhouse

REFILE-Indonesia expands palm replanting programme to raise smallholder output
Indonesian President Joko Widodo plans to expand a palm replanting scheme he started last year to cover 185,000 hectares (457,000 acres) of plantations in 2018, according to government press releases on Wednesday.
— Reuters

Freeport`s Higher Productivity May Result in More Waste
Freeport Indonesia has started producing copper from its Grasberg block cave underground mine in 2019.
— Tempo.co

Military to evict 30 households in South Jakarta housing complex
Jakarta Military Command (Kodam) Jaya is set to evict the occupants of 30 houses in a residential complex in Tanah Kusir, South Jakarta, despite an unruly protest by the occupants on Wednesday morning.
— The Jakarta Post

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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 May 10 added by Stella-maris Ewudolu on May 10, 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.