Indonesia Morning News For May 14

Trump Indonesia project latest stop on China’s Belt and Road
A billion-dollar Indonesian real estate development with ties to Donald Trump has become the latest project in China’s globe-spanning Belt and Road infrastructure project — just as Washington and Beijing are tussling over trade.
— The Jakarta Post

Deadly Indonesia church suicide bombings committed by one family
A family of 6 including 2 young daughters staged suicide bombings at 3 Indonesian churches during Sunday services, killing at least 13 people and wounding dozens in attacks claimed by the Islamic State group.
— ABS-CBN

The decline of Indonesia’s oil and gas industry
The oil and gas industry has seen turbulent times over the last 10 years, with the 2008 financial crisis as a turning point for the industry as a whole.
— The Asean Post

Indonesia`s balance of payments suffers deficit of $3.8 billion in q1
Indonesia`s balance of payments suffered a deficit of US$3.8 billion in the first quarter of 2018 because of pressure on financial transactions, according to the central bank.
— Antara News

Indonesia`s budget deficit falls to Rp55.1 trillion as of April
Indonesia`s budget deficit fell to Rp55.1 trillion as of April 2018 from Rp72.2 trillion a year earlier, the Finance Minister, Sri Mulyani, said here on Friday.
— Antara News

Five most sought-after Indonesian state universities
Indonesia is home to 85 state universities, where high school graduates nationwide must compete for a place through a simultaneously held exam.
— The Jakarta Post

Jokowi Stresses Terrorist Acts Outrageous and Will be Crushed Down to The Roots
President Joko “Jokowi” Widodo reviewed the site of a bomb blast at three churches in Surabaya on Sunday (5/13/2018).
— Netral News

Indonesia set to issue stricter regulations for fintech sector
Indonesia is planning to tighten regulation of its vibrant financial technology sector, imposing new rules on companies which it hopes will stand at the forefront of efforts to extend services to more of the country’s 260 million people.
— Deal Street Asia

Why China is pushing hard on its Indonesia rail project
Chinese Prime Minister Li Keqiang made a two-day official visit to Jakarta earlier this month. On the face of it, the main reason for the trip was to commemorate the fifth anniversary of the “Indonesia-China Comprehensive Strategic Partnership”.
— The Straits Times

Pefindo reduces rating for Bank Mayapada
Credit-rating agency Pemeringkat Efek Indonesia (Pefindo) has reduced its rating for publicly listed lender Bank Mayapada Internasional from idA to idA- (single A minus).
— The Jakarta Post

A MICROFINANCE FUND FOR CENTRAL JAVA, INDONESIA
Blossom Finance, an investment consultancy that describes its business model as “commercial financing with social benefits,” announced recently open enrollment for an Islamic microfinance fund designed to bolster micro-businesses and traditional market sellers in the province of Central Java, Indonesia.
— AllAboutAlpha.com (blog)

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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 14 added by Stella-maris Ewudolu on May 14, 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.