Indonesia morning news for September 25

Indonesia morning news for September 25
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Indonesia morning newsAGO detains ex-Pertamina boss
The Attorney General’s Office (AGO) detained on Monday the former president director of state-owned oil and gas holding company Pertamina, Karen Agustiawan, who had been named a graft suspect in early April.
The Jakarta Post

Bank Indonesia to maintain its reference rate: Economists
Bank Indonesia is expected to maintain its seven-day reserve repo rate ( 7DRRR ) at 5.5 percent during a board of governors meeting from Sept. 26 to 27 even though the Federal Reserve is expected to increase its rate to 2.25 percent.
The Jakarta Post

Ex-Indonesian bank bailout agency chief gets 13 years
The Jakarta Corruption Court sentenced Syafruddin Tumenggung, the former head of the Indonesian bank bailout agency that led the country out of the 1998 financial crisis, to 13 years in prison on Monday for manipulating a commercial bank’s credit status.
The Jakarta Post

Bulog chief tells Jokowi: ‘No more rice imports needed’
State-owned logistics company Bulog president director Budi Waseso said on Monday he had told President Joko “Jokowi” Widodo that Indonesia did not need to import rice.
The Jakarta Post

Mercedes-Benz unveils charging stations at Plaza Indonesia
German car manufacturer Mercedes-Benz unveiled its first charging station in Indonesia on Monday in the parking lot of Plaza Indonesia shopping mall in Central Jakarta to welcome its electric vehicles that will be introduced next year.
The Jakarta Post

Indonesia prepares bill on airspace, underground construction
The Agrarian and Spatial Planning Ministry says it is preparing a bill on airspace and underground construction.
The Jakarta Post

‘School of the Future’ Program Seeks to Improve Learning Experience
Amsterdam-based Louis Dreyfus Company, a global agricultural trader, launched a value-based education program at an elementary school in Jakarta last week to equip teachers and parents with the tools to improve quality education for young students.
The Jakarta Globe

Kadin discusses food security with bulog stakeholders, trade, agriculture ministries
Indonesian Chamber of Commerce and Industry (Kadin) have met several stakeholders, including the trade and agriculture ministries as well as State Logistics Agency (Bulog), to discuss food security in the 2019 Political Year.
– Antara

Private Sector Invited to Develop Lake Toba Tourism Area
The Executive Agency of Lake Toba Authority (BPODT), Ministry of Tourism, supported by the Coordinating Ministry for Maritime Affairs held a Pre-Market Sounding for Tourism Development in Lake Toba.
Netral News

Insight: New development pathway for Indonesia
Indonesia has achieved important economic and social progress over the last decade, despite difficult conditions in the world economy.
The Jakarta Post

President Joko Widodo unveils Indonesia’s tallest statue
In a ceremony attended by thousands of guests and featuring traditional dances, music and fireworks, Indonesian President Joko Widodo last Saturday (Sept 22) night inaugurated the Garuda Wisnu Kencana (GWK) – the country’s tallest statue.
Straits Times

Fenox to announce 3 Indonesian deals soon, targets up to 3 more by year-end
Silicon Valley-headquartered Fenox Venture Capital says it is set to announce three investments in Indonesian startups in the coming month and targets up to three more deals in the country by the end of the year.
– DealstreetAsia

Indonesia looks to foreign acquirers for consolidation in crowded banking industry
Indonesia has almost 2,000 banks and a currency that’s plunged 11 percent since January, a combination overburdened regulators hope will prove irresistible to foreign acquirers.

Indonesia’s 3-year oil palm moratorium a big blow for new planters
Companies making a late entry into the Indonesian plantation sector are hit with a big blow following its government’s move to sign a three-year moratorium on new palm oil plantation development and call for a review of existing plantation permits, analysts said.
– New Straits Times

Trader of critically endangered species nabbed in East Java, Indonesia
Indonesian authorities have arrested a trader of protected animal in East Java province of Indonesia, environment and forestry ministry said on Monday.

Indonesia strengthens tourism promotion in New Zealand
The Indonesian community in New Zealand launched Wonderful Indonesia Generation (GenWI), an initiative overseen by the Tourism Ministry, over the weekend.
The Jakarta Post

Indonesian incest rape victim, 15, could be sent back to jail for having an abortion
An appeal against the acquittal of a 15-year-old rape victim who was charged with illegal abortion in Indonesia has been condemned by local activists, who say the move is a backward step for the protection of women.
ABC News

Indonesia’s Equity Market: Focus on US-China Turmoil & Fed Meeting
Those who invest in Indonesian assets (or actually in any assets across the globe) will need to carefully monitor two matters this week.
Indonesia Investments

Wyndham Destinations Supports Three Villages in Lombok as Part of Appeal
Wyndham Destinations has donated more than 56 million Indonesian Rupiah of aid and essentials to three villages in Lombok affected by recent earthquakes and is encouraging global businesses in Indonesia to do the same.
AEC News Today/PRNewswire (media release)

Survey in Indonesia indicates corruption and intolerance are threats to democracy in the country
Indonesians are satisfied with democracy, but corruption and intolerance continue to weigh on the system, according to the latest survey by pollster Indonesia Survey Circle (LSI).
Straits Times

CAD ideally coped with increase in exports: Minister
Finance Minister Sri Mulyani said the country`s current account deficit (CAD), which is predicted to reach US$25 billion this year, should be coped with an increase in exports not by reducing imports.


Feature photo: Vaxopedia

This week’s Indonesia morning news feature photo acknowledges World Rabies Day, September 28.


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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