Indonesia Morning News For May 3

Indonesia Morning News For May 3
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Indonesia morning newsOver 1.36 million tourists visit Indonesia in March
The number of tourists visiting Indonesia in March 2018 rose 13.62 percent to 1.36 million from 1.2 million a month earlier, according to the Central Statistics Agency (BPS).
— Antara News

Indonesia’s Pertamina says oil, gas output climbs 7 pct in 2017
Indonesia’s state energy company Pertamina said in a statement its oil and gas production increased to 693,000 barrels of oil equivalent (boepd) in 2017 from 650,000 boepd in 2016.
— Hellenic Shipping News

Indonesia sells 1.38 trillion rupiah of Islamic bonds, below target
Indonesia’s finance ministry sold 1.38 trillion rupiah of Islamic bonds at an auction on Wednesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said.
— Business Recorder (media release)

PT Telkom profit falls 14% in Q1
Indonesia’s PT Telkom has reported a 14% decline in first quarter profit to 5.73 trillion rupiah ($410.8 million), partly as a result of stricter competition.

Consumer confidence slips 2.2% to 98.5 in April
The consumer confidence index (CCI) declined from 100.8 to 98.5 in April after increasing 3.6 percent in the previous month, according to a survey conducted by Danareksa Research Institute (DRI).
— The Jakarta Post

Indonesia wants to speed up China’s high-speed rail project
Indonesia said on Wednesday it is seeking ways to accelerate a USD 5 billion high-speed rail project being built by a consortium of local and Chinese state firms, which is facing obstacles from land ownership issues.
— Devdiscourse

Community Organization Aims to Tackle Illiteracy in the Village by Building Libraries
Despite the complexities, many agree that education plays a crucial role in establishing the foundation for our future leaders, and global efforts pioneered by governments, civil society and young people are underway to help prepare the next generation for the challenges that lie ahead.
— Jakarta Globe

Jokowi’s war on inflation puts populism first, reform second
Indonesian President Joko Widodo has declared war on inflation, with a series of pre-emptive strikes designed to woo voters.
— The Asean Post

Consumer Price Index Indonesia: Inflation at 0.10% in April 2018
The pace of Indonesia’s headline inflation was recorded at 0.10 percent month-on-month (m/m) in April 2018, a relatively high pace compared to April inflation in recent years.
Indonesia Investments (media release)

Top 10 e-commerce sites in Indonesia 2018
The most populous country in Southeast Asia by far, Indonesia is still in an early stage of development when it comes to internet, mobile and digital technologies.
— Asean Up

Until April 23, Village Funds Distribution in South Sulawesi Reaches IDR600 Billion
Village Fund Disbursement for South Sulawesi Province, up to April 23 has reached 26.47 percent or IDR527,359,982,600 of total budget of IDR1,992,516,862,000.
— Netral News

Citing Trump’s border wall, Prabowo warns of threat foreign workers pose to Indonesia
Gerindra chairman Prabowo Subianto, the man most likely (but still far from certain) to challenge President Joko Widodo in the 2019 election, officially received the support of the Indonesian Trade Union Confederation (KSPI) during International Workers’ Day yesterday.
— Coconuts Jakarta

Indonesian leader slams oil firm Pertamina, ‘convoluted’ energy rules
INDONESIAN President Joko Widodo on Wednesday slammed state-owned oil firm Pertamina, saying it hadn’t invested enough in exploration, while blasting red tape hobbling the industry and urging investors to report problematic rules to him directly.
— The Business Times

Indonesian coal miners report healthy Q1 average selling price
Platts reported that Indonesian coal miners reported higher average selling prices in the first quarter of 2018, supported by strong Chinese demand and weather-related supply disruptions.
— Steel Guru

Marga Abhinaya Prepares Capex of IDR180 Bln to Build Hotels, Restaurants
PT Marga Abhinaya Abadi Tbk (IDX:MABA) has prepared capital expenditure (capex) of IDR180 billion this year.
— Netral News

Sharia fintech in Indonesia seeing early boom, but VCs need convincing
When the Indonesian financial authority OJK decided to consult the religious authority about the legality of sharia-compliant fintech startups late last year, it was an early indication of a perceived rise in the sector, following the lead of neighbour Malaysia.
— Deal Street Asia (paywallwall)

Group calls for 12-year compulsory education, end of child marriage
Women’s rights advocacy group Institut KAPAL Perempuan has called on members of the public to join the effort to implement the country’s 12-year compulsory education policy, which is part of the government’s plan to achieve its Sustainable Development Goals (SDGs).
— The Jakarta Post

World’s fattest boy and Indonesia’s media darling sheds heavy title after losing 83 kilograms
Arya Permana has shed his title as the world’s fattest boy after losing almost half of his staggering 190-kilogram body weight from two years ago.
— ABC News


Feature photo sharonang


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.


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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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