Indonesia Billionaire Family Reshuffles Empire on Currency Rout
Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout.
Indonesia foreign worker reform unlikely prior to election
Controversy has surrounded revision of Indonesia’s foreign worker regulations ever since a presidential regulation (PP20) on the subject was issued on March 26.
— AEC News Today
Garuda Indonesia Sues Rolls Royce for Rp640.94bn
Garuda Indonesia has filed a lawsuit against Rolls Royce for allegedly committing frauds for an agreement signed by the two companies. Garuda submitted the lawsuit to the Central Jakarta District Court on September 13.
Indonesian Foreign Debt Slows in July 2018
Until the end of July 2018, Indonesia’s foreign debt reached $358 billion, equivalent to IDR 5,191 trillion (current exchange rate IDR 14,500). This total is up 4.8 percent compared to the same period in 2017.
— Netral News
Sabah residents fear illegal immigrants helping kidnappers after recent case
Illegal immigrants from southern Philippines living in Sabah are believed to have helped kidnappers in the abduction of two Indonesians on Sep 11 by providing them with inside information.
— Channel NewsAsia
Coca-Cola stands firm amid criticism of ‘human rights violations’ in South East Asia
Coca-Cola has denied allegations of human rights violations against workers across the globe, including in Indonesia and the Philippines.
— Food Navigator Asia
US-China new import duty weakens rupiah to RP14,933
Indonesia`s central bank (BI) said that the weakening of the rupiah against the US dollar on Tuesday was a result of the US announcement that it would impose a 10 percent import duty on goods from China.
China Goes for Broke in Indonesian E-Commerce
China’s deep-pocketed internet giants are fighting a turf war in Indonesia, where e-commerce sales could surpass India’s as soon as 2020.
Defense Ministers’ Meeting Puts Indonesia-Singapore Security Ties into Focus
On September 17, Indonesia’s defense minister met with his Singaporean counterpart Ng Eng Hen as part of a working visit to Singapore.
— The Diplomat
Indonesia expects 2018 energy subsidies to surge 52 per cent
Indonesia’s total energy subsidy spending is estimated to surge 52 percent to 148.9 trillion rupiah ($10 billion) in 2018, data from the Energy and Mineral Resources Ministry showed on Monday, as a result of increasing costs of subsidised fuels.
It’s official: Tobacco excise to help cover healthcare deficit
President Joko “Jokowi” Widodo has signed a presidential regulation allowing the use of regional tobacco excise duty to help finance the national healthcare program, which has been beset by a growing deficit.
— The Jakarta Post
Online Ojek to Stage Rally, Grab: Drivers will Suffer Loss
Drivers of online motorcycle taxi (online ojek) joined in Gabungan Aksi Roda Dua (Garda) planned to stage a rally at the Grab office on Wednesday, September 19.
Qatar invests $100 million in Indonesia
The Government of Qatar has invested US$100 million in the development of the tourism industry in Indonesia.
Jakarta Dismisses 27 Corrupt Civil Servants
The Jakarta Employment Agency (BKD) asserted it had dismissed 27 civil servants named as suspects of corruption by the court throughout 2017-2018.
‘Now or never’ battle to save Indonesia’s endangered orangutans as British companies still using ‘dirty’ palm oil
Activists are going head-to-head with multinationals in a renewed battle to save orangutans from extinction as the world’s biggest palm oil-producing nation accelerates output.
— The Independent
Study games out oil palm development scenarios in Borneo
A report by the Center for International Forestry Research (CIFOR) finds that current practices not only threaten forests and reduce ecosystem services, but future development will actually decrease the total economic value of two Indonesian provinces on the island of Borneo.
M’sia, Indonesia urged to work together to enhance palm oil usage
Malaysia and Indonesia should work together to enhance the usage of palm oil in the global market and tackle the misunderstanding surrounding the commodity, particularly in Europe and the United States, Oil World Executive Director Thomas Mielke said.
— The Borneo Post
International organizations help preserve 1.3 million hectares forest in Indonesia
Various international organizations will help Indonesia in conserving 1.3 million hectares of North Kalimantan`s conservation forest, which is also known as the “Heart of Borneo.”
Ngurah Rai wins award for world`s best airport from ACI
I Gusti Ngurah Rai International Airport in Badung, Bali, again won the world`s best airport for the category of airports serving 15-25 million passengers annually from the Airport Council International (ACI) based in Montreal, Canada.
Getting Double Gold Awards, Drajat: “Energy for Further Innovation”
Port of Panjang was awarded with double goal trophy (Prima Utama) from Ministry of Transportation, thanks to the best performance of break bulk and container terminals of the port.
— Indonesia Shipping Gazette
PT Pupuk Indonesia targets Rp8.31 trillion of exports
State-owned fertilizer company PT Pupuk Indonesia has set a target of Rp8.31 trillion (US$559.3 million) of exports in 2018 after ensuring supply adequacy for the domestic market.
House approves Rp53.9 billion reallocation for Industry Ministry
Commission VI of the House of Representatives (DPR) approves the Ministry of Industry`s proposed budget reallocation in 2018 amounting to IDR53.9 billion, where the budget is to supportt the implementation of the road map Making Indonesia 4.0.
Indonesia woos millennials with 7.3 trln rupiah online retail savings bonds
Indonesian government sold 7.32 trillion rupiah ($490.5 million) worth of bonds to local retail investors through online offering, the finance ministry’s financing and risk management office said on late on Monday.
Indonesia to sell rights at the 2019 London Book Fair
ndonesia is the first Southeast Asian country to be selected as the Market Focus at the 2019 London Book Fair. Indonesia will focus on selling rights at the March 12 to 14 event at Olympia in the United Kingdom.
— The Jakarta Post
Two more companies listed on Indonesian stock exchange
The Indonesian Stock Exchange on Tuesday listed two more companies PT Pratama Abadi Nusa Industri Tbk (PANI) and PT Arkadia Digital Media Tbk (DIGI).
Indonesia keen on boosting economic ties with Pakistan
Indonesia is keen to boost its economic ties with Pakistan in the coming years at the government, private-sector and individual levels, said Consul General of Indonesia Totok Prianamto.
— The Express Tribune
Belarus, Indonesia want to ramp up direct business contacts
Belarus and Indonesia are interested in intensifying direct contacts between the business communities of the two countries.
— Belarus News
Indonesia to require conversion, holding period for natural resources exports revenue
Indonesia Trade Ministry has issued a regulation requiring exporters of some natural commodities to use letters of credit from local banks, minister Enggartiasto Lukita told reporters on Tuesday.
Lippo Karawaci Plans to Raise $150m to Fund Growth Plans
Leading Indonesian property developer Lippo Karawaci plans to raise S$202 million ($150 million) by divesting its assets in two Singapore-based affiliates to strengthen its capital and fuel future growth.
— The Jakarta Globe
Indonesian Pertamina’s planned Oct gasoline imports lower on month: traders
Indonesia’s state-owned Pertamina plans to import around 11 million barrels of gasoline in October, slightly lower than the estimated 11 million-12 million barrels in September, trade sources said Tuesday.
— S&P Global Platts
Minister launches agricultural development polytechnic
Agriculture Minister Andi Amran Sulaiman launched the Polytechnic of Agriculture Development (Polbangtan) under the Ministry of Agriculture in the city of Bogor, West Java, on Tuesday.
Lesson learned from “balkondes” around Borobudur
“Seeing is believing!” This proverb sounds old but remains relevant for Indonesia`s endeavor to convince foreigners wanting to observe and feel its success in, for instance, developing the economic potential of regions.
Feature photo: Patrik M. Loeff
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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.