Indonesia morning news for September 14

Indonesia morning news for September 14

Indonesia morning newsIndonesia Wins IMF Backing for Response to Emerging Market Rout
The International Monetary Fund backed Indonesia’s response to a selloff in its currency, saying higher interest rates and foreign-exchange intervention were appropriate steps to help lessen the volatility.

Indonesian mine watchdog sues government for concession maps
Environmental activists are suing the Indonesian government for the release of records of mining licenses and concessions, in a move seen as crucial to bringing greater transparency to the extractives sector.

Indonesian court rules militant guilty of terrorism
An Indonesian court sentenced an Islamic militant on Thursday to 11 years in prison after finding him guilty of conducting training in preparation for a terrorist attack.
Associated Press via The New York Times

Indonesia, Malaysia learn strategy to handle terrorism from Philippines
Indonesia and Malaysia are jointly learning the strategy to handle terrorism in Marawi City, Mindanao, the Philippines, in order to handle terrorism comprehensively.

Although Optimistic, Finance Minister Says Economic Growth Potentially Misses Target
Finance Minister Sri Mulyani said that the economic growth target could potentially miss the initial target set in the State Budget.
Netral News

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Indonesian election could be decided by the economy, not religion, as Joko Widodo eyes challenger
Indonesia’s sliding rupiah could threaten President Joko Widodo’s re-election chances, with his political rival shifting the debate to the economy in an attempt to expose a key weakness, analysts say.
ABC News

Sandiaga: Entrepreneurs Complains Increasing Production Cost
Vice Presidential Candidate Sandiaga Uno said that young entrepreneurs are complaining about the increasing production cost following recent rupiah depreciation. The complaints were delivered during a discussion in Lembang, West Bandung, West Java.

Mahaka shares jump 30% following Erick’s appointment as Jokowi campaign manager
Shares in PT Mahaka Media increased 30 percent, or 27 points, to Rp 117 (0.1 US cent) per share by the end of Thursday’s initial trading session at the Indonesia Stock Exchange (IDX).
The Jakarta Post

Jakarta LRT to operate in early 2019: Anies
The Jakarta light rapid transit (LRT), which connects Kelapa Gading in North Jakarta to the Jakarta International Velodrome in Rawamangun, East Jakarta, is set to operate in early 2019, Jakarta Governor Anies Baswedan has said.
The Jakarta Post

Indonesia International Book Fair looks to expand public’s reading interests
The Indonesia International Book Fair (IIBF) 2018, which opened on Wednesday, is running through Sept. 16 at the Jakarta Convention Center (JCC) in Senayan, South Jakarta.
The Jakarta Post

Jakarta commits to protecting green spaces at Global Climate Action Summit
Jakarta expressed its commitment to participate in the global effort to protect forests during the Global Climate Action Summit in San Francisco, California, on Sep. 12.
The Jakarta Post

Indonesia and Singapore will exchange financial data to curb tax evasion
Indonesia and Singapore will start exchanging financial data on taxpayers by the end of this month, with an eye on cracking down on tax evasion.
Straits Times

Ex-Garuda boss appointed as Pertamina’s finance director
The newly replaced president director of flag carrier Garuda Indonesia, Pahala Nugraha Mansyuri, has been appointed as the finance director of state-owned oil and gas holding company Pertamina at an extraordinary shareholders meeting on Thursday.
The Jakarta Post

South Korean tourist found dead on Gili Trawangan, another missing
Two South Korean tourists identified as Seo Hyeong-do, 18, and Park Ji-su, 22, have drowned in Gili Trawangan waters in North Lombok, West Nusa Tenggara.
The Jakarta Post

Indonesia’s troubled minorities
Meiliana, a 44-year-old Buddhist mother of Chinese descent, sat crying in disbelief in a North Sumatra court in late August.
— The Sydney Morning Herald

Supreme Court Lifts Online Taxi Policy, Ministry Drafts New One
The Director-General of Land Transportation Budi Setiyadi, said that the Ministry of Transportation was currently drafting a new regulation on online taxi services to amend the Transportation Ministry Decree No. 108 of 2017 (Permenhub 108/2017).

Lagaligo Bua Airport to Cater 2mn Passengers per Year
Transportation Minister Budi Karya Sumadi expected Lagaligo Bua Airport located in Palopo, South Sulawesi would cater 2 million passengers per year.

MSI Supports eSports Development in Indonesia
MSI (Micro Star International), a global gaming brand, said that it would continue to facilitate various activities for the Indonesian eSports team.

Rain Shamans Assist Mount Sindoro-Sumbing Fire Mitigation
Acting Head of Central Java’s Disaster Mitigation Agency (BPBD) Sarwa Pramana used an unusual strategy to overcome Mount Sindoro and Mount Sumbing’s forest fires by ordering his agency members to hire the services of rain shamans.

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As Many As 16 Suspects of Drug Abuse Punishable by Death Penalty
Southeast Sulawesi Regional Police managed to confiscate 1,700 grams of methamphetamine (meth) obtained from 16 suspects who were arrested from August to September 2018.
Netral News

Mount Child of Krakatoa in Continuous Tremor
The Meteorology, Climatology and Geophysics Agency (BMKG) said Mount Anak Krakatau or Child of Krakatoa in the Sunda Strait, is showing seismic tremor activity and issuing loud sound booms with weak vibrations and fire rays are observed throughout Wednesday (9/12/2018) until Thursday (9/13) early morning.
Netral News

ICW celebrates its 130th anniversary in Yogyakarta
The International Council of Women (ICW) has celebrated its 130th anniversary in Yogyakarta, a town rich in cultural heritages on the foot of Mount Merapi.

Jokowi, Phuc discuss fourth industrial revolution
Indonesian President Joko Widodo (Jokowi) and Vietnamese Prime Minister Nguyen Xuan Phuc discussed a number of issues related to the challenges facing the fourth industrial revolution (industry 4.0) in Hanoi on Wednesday.

Philippines explores reopening of Davao-Manado direct flights
The Philippines government is exploring the reopening of direct flights from Davao to Manado, after it was halted for more than three years.

Indonesia faces numerous tobacco control challenges: Minister
Indonesia faced numerous challenges in tobacco control to protect children from its negative effects, Women`s Empowerment and Child Protection Minister Yohana Susana Yembise stated.

Economic diplomacy: Japan, Indonesia and the TPP
In 2009 Japanese businessman Masaki Harada used a Lowy Institute appearance to outline some frank and ambitious plans for his company Kirin in Australia, in what was quickly interpreted as more than a usual business plan.
The Interpreter

A closer eye on Indonesia is no bad thing
Emerging market investors are on edge, and rightfully so, as Turkey, Argentina and South Africa face up to serious economic problems.
GlobalCapital Asia

Indonesia sets Sep HBA thermal coal price at $104.81/mt, up 14% on year
Indonesia’s Ministry of Energy and Mineral Resources set its September thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $104.81/mt, down 2.8% from August but up 13.8% year on year.
S&P Global Platts

MC Payments rolls out ‘Instapay’ in Indonesia
MC Payment, a homegrown fintech player, announced the soft launch of Instapay, a B2C payment platform targeting Indonesian Small-Medium Enterprises (“SMEs”) market.

KinerjaPay Corp. Launches KFUND as Its P2P Lending Platform
KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, (“KinerjaPay” or the “Company”), today announced that a new company called PT. Kinerja Simpan Pinjam has been officially registered and will manage KFUND brand as a peer-to-peer (P2P) lending platform that focuses on micro-lending activities.
AEC News Today/ PR Newswire (media release)

Indonesian fintech startup Moka raises $24M led by Sequoia India
Indonesia’s Moka, a startup that helps SMEs and retailers manage payment and other business operations, has pulled in a $24 million Series B round for growth.
Tech Crunch


Feature photo: Patrik M. Loef


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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