Indonesia Morning News For May 29

Indonesia Morning News For May 29
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Indonesia morning newsIndonesia Firms Face $34b in Losses Due to Cyber-Attacks: Report
Cyber-attacks on Indonesian companies in 2017 will eventually cost domestic businesses $34 billion due to direct financial losses and long-term reputation damage, according to a recent study commissioned by global technology giant Microsoft.
— Jakarta Globe

Megawati gets Rp 112m per month for promoting Pancasila
President Joko “Jokowi” Widodo has signed a decree to give former president Megawati Soekarnoputri an allowance for promoting Pancasila that is almost twice his own income as president.
— The Jakarta Post

Paying Rp50 Mn Zakat, Jokowi: Observing Beauty of Islam
President Joko “Jokowi” Widodo along with state officials, ministers, and working cabinet members have paid zakat (alms) today to the National Alms Agency (Baznas) at the State Palace, Jakarta.

BI launches 14 Idul Fitri mobile banks in Malang
In response to a higher demand for smaller denomination banknotes for Idul Fitri celebrations, Bank Indonesia (BI) Malang, East Java, launched 14 mobile banks at the central bank’s office on Monday.
— The Jakarta Post

Indonesia Kendaraan Terminal to raise $90 mln in IPO at 1,160-2,250 rupiah/shr
Indonesia’s car port terminal company, PT Indonesia Kendaraan Terminal, plans to raise up to 1.26 trillion rupiah ($90.10 million) in an initial public offering, the underwriter of the share listing said.
— Nasdaq

Village Minister: Over 5,000 Underdeveloped Villages Have Been Improved
Minister of Village, Development of Disadvantaged Regions and Transmigration (Mendes PDTT), Eko Putro Sandjojo said that his ministry has improved thousands of under developed villages into developing villages.
— Netral News

Smart City Spotlight: Jakarta
The Indonesian capital of Jakarta is known worldwide for its luxury hotels, malls, antiques along Jalan Surabaya and various national and historical monuments – just to name a few.
— The Asean Post

Indonesia – Government inks deal with 19 biodiesel producers
The government finalised its sixth incentive agreement with 19 biodiesel producers, covering the May/Oct 2018 period, the local press reported.
— AgraNet

In Indonesia, commuters pay for the bus with plastic waste
RESIDENTS of Indonesia’s second largest city Surabaya can now pay for the bus in a novel way – by trading in used plastic.
— Asian Correspondent

Bekasi rice fields shrink as the city becomes property hot spot
The Bekasi Agriculture and Fisheries Agency says rice fields in the city are declining every year and being transformed into residential areas.
— The Jakarta Post

Saudi allows Indonesia to use biometric identification for hajj pilgrims
The Saudi Arabia authority has allowed Indonesia`s customs to check hajj pilgrims` identity by using biometrics in home country`s embarkation, according to Indonesian Minister of Religious Affairs Lukman Hakim Saifuddin.
— Antara News

Indonesia Improves in Getting Private Money for Infrastructure
President Joko “Jokowi” Widodo must have felt relieved and proud when the presidential airplane touched down at Kertajati International Airport in Majalengka, West Java, to inaugurate its service last week.
— Jakarta Globe

Net1 Indonesia to support govt’s rural development agenda
Wireless ISP Net1 Indonesia has revealed it is ready to support the government’s rural development agenda by bringing broadband internet to rural areas, especially in hard to reach and least developed regions.

Coalition asks court to revoke permit for reclaimed Islet D
The Save Jakarta Bay Coalition (KSTJ), which strongly rejects the Jakarta Bay reclamation project due to the environmental damages it has caused, requested the Jakarta State Administrative Court (PTUN) to legally revoke a right-to-build permit (HGB) issued for man-made Islet D during the first hearing of the trial on Monday.
— The Jakarta Post

European Vegetable Oil Allegedly Being Dumped, Indonesia Plans to Do This
Executive Director of the Council of Palm Oil Producing Countries (CPOPC) Mahendra Siregar said the Indonesian Processed Vegetable Oil Association (GIMNI) has expressed concern that European branded vegetable oil is being dumped in Indonesia causing injury to the domestic industry.
— Netral News

High price, DMO encourage coal miners to boost production
A number of coal miners are planning to increase production by 10 percent in the second half of this year after a worldwide price increase.
— The Jakarta Post

S.Korea’s KOSPO buys 320,000 T coal from Indonesia -source
Korea Southern Power Co Ltd (KOSPO) bought a total of 320,000 tonnes of coal via a tender that closed on Friday, a source from the utility said on Tuesday.
— Reuters


Feature photo kolibri5


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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.


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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.

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