Indonesia morning news for September 27

Indonesia morning news for September 27
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Indonesia morning newsIndonesian Gov’t Confused: Postpone Power Projects or Not?
Based on the latest reports – and contrary to earlier plans – the Indonesian government will not postpone the development of 15,200 MW of power projects.
Indonesia Investments

Indomaret tops retailer list with US$4.89b in sales
Convenient store chain Indomaret and Indomaret Point, owned by retail group Indomarco Prismatama, were the top-selling retailers of 2017, racking up a combined US$4.89 billion in sales, according to London-based strategic market research company Euromonitor International.
The Jakarta Post

Bank Mandiri Issues IDR3 Trillion Bond, Oversubscribed by 1.36 times
Bank Mandiri has completed the bond issuance process in the scheme of I Phase III – 2018 Sustainable Public Offering (PUB) worth IDR3 trillion with an 8.50 percent coupon and a five-year tenor after officially registering the bonds on the Indonesia Stock Exchange on Monday (9/24/2018).
Netral News

Could Indonesia’s mega-fires return in 2019?
Scientists are warning that 2019 could see the first major test of Indonesia’s new anti-fire measures, which have been criticised by some environmental groups for not going far enough.
The Ecologist

Magic Money Boxes and Jenglot
The government is this year spending about US$30 billion on education, but plenty of Indonesians still uphold irrational superstitions, putting them at risk of being scammed.
Indonesia Expat

Indonesia’s top football league suspended after fan killed by rival club supporters
Indonesia’s top soccer league has been suspended indefinitely by the nation’s football association after a Persija Jakarta fan was killed by a mob of supporters of rival club Persib Bandung over the weekend, according to local media reports.
DNA India

Interview with Indonesian Ambassador to the UK: H. E. Rizal Sukma
BritCham has undertaken two business UK roadshows a year for the last four years. It is the Chamber’s way to support the positive images of Indonesia overseas, to properly represent the trade and investment opportunities, and to showcase the excellent market access support BritCham provides to British SMEs.
Indonesia Expat

Bali Festival Expands Support for Indonesian Film Industry Revival
Triawan Munaf, chairman of the Indonesian Agency for Creative Economy (BEKRAF) was on hand on Monday for the opening of the Bali International Film Festival (Balinale). His presence was intended as a sign that Indonesia, Asia’s sleeping giant as a film player, is rousing itself.

Fugitive FPI leader Rizieq Shihab reportedly barred from going to Malaysia by Saudi Arabian authorities
Rizieq Shihab, the founder of Indonesia’s infamous Islamic Defenders Front (FPI), has been living in Saudi Arabia for over a year now due to numerous legal problems he faces in his home country.

Losing Streak May Continue For Indonesia Shares
The Indonesia stock market has finished lower in consecutive trading days, surrendering almost 85 points or 1.3 percent along the way.
Markets Insider

Indonesia`s economic diplomacy to target Latin America, East Europe
Indonesia`s economic diplomacy will target Latin America and Eastern Europe, after previously successfully cooperating with Africa.

Indonesia’s Growing Special Economic Zones – Opportunities and Challenges
Over the last decade, Indonesia’s economic clusters –special economic zones (SEZs) and industrial estates have grown multi-fold, both in terms of number and breadth.
ASEAN Briefing

Qatar, Indonesia to expand economic cooperation
Qatar Chamber (QC) yesterday hosted an Inodnesian trade delegation headed by the Chairman of Indonesian Professional Engineer Association and the Deputy-Chairman of Indonesia Chamber of Commerce and Industry Raswari Anwar.
The Peninsula

White doves or another black campaign?
Indonesia’s presidential election was officially kicked-off with the two contenders – Joko “Jokowi” Widodo and Prabowo Subianto – releasing white doves and vowing a peaceful campaign period.
The ASEAN Post

Minister calls on state aircraft manufacturer to increase local content
Indonesia`s Transportation Minister Budi Karya Sumadi has called on state-owned aircraft manufacturer PT Dirgantara Indonesia to increase its local content to 50 percent from the current 45 percent.

Indonesia plans to build shelters for jet fighters at Batam’s airport
The Indonesian Air Force and the Batam Indonesia Free Trade Zone Authority (BP Batam) agreed on Tuesday (Sept 25) to build a designated shelter for jet fighters at Hang Nadim International Airport in Batam, Riau Islands.
Straits Times

Indonesia tackling plastic pollution with sermons on waste
At Nadhatul Ulama’s (NU) facility in Jakarta, children are listening to a sermon, not on the importance of religion but the benefits of caring for the environment.

Rare Sumatran tiger found dead in Indonesia
A critically endangered Sumatran tiger has died after being caught in a hunter’s trap on the Indonesian island of Sumatra, an official said Wednesday (Sep 26).
Channel NewsAsia

Indonesia, Algeria enhance infrastructure cooperation
The governments of the Republic of Indonesia and Algeria are committed to strengthening infrastructure cooperation, through a meeting between Indonesian Public Works and Housing Minister Basuki Hadimuljono and his Algerian counterpart Abdelwahid Temmar.
– Antara

Indonesia 2018 coal output target now around 507mn T
Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Ministry said on Wednesday, a move that may add to downward pressure on prices for the fuel.
Business Recorder

EDC working on potential geothermal development site in Sumatra, Indonesia
Energy Development Corp. (EDC) from the Philippines is working on a concrete geothermal project opportunity in Sumatra/ Indonesia, which could see drilling starting in 18 to 24 months.
Think Geoenergy

President Jokowi accused of campaigning via gov’t rice, turns out logo model just looks like the him
Few staple goods are as important to Indonesians as rice and many predict the price of the grain, which is consumed by the majority of Indonesians on a daily basis, could play a key part in determining the winner of next year’s presidential election.

‘I was lost at sea three times’: How one Indonesian teen defied fate
An Indonesian teen was recently rescued after spending 49 days adrift at sea in a fishing hut. But as Aldi Novel Adilang reveals to BBC Indonesian, it’s not his first tale of survival.

Market pressures to halt positive Indonesian bank trends: Fitch Ratings
Credit rating agency Fitch Ratings says currency depreciation and higher domestic interest rates are likely to halt the recent improvement in Indonesian banks’ asset quality and put downward pressure on profitability.
– The Jakarta Post

Indonesia banking: Time to revisit the sins of the fathers
The southeast Asian country was brought to its knees 20 years ago because of the failure of its biggest banks. A generation on, the same clans are back in banking and the regulator says he isn’t fussed.
Euromoney Magazine

Indonesia Exports 1,000 tons Coconut Shell Charcoal to Sri Lanka
Indonesian Trading Company or PPI, in collaboration with the Indonesian Integrated Coconut Cooperative (KKTI), exports 1,000 tons of coconut shell charcoal to Sri Lanka.

Moratorium shutters mines in east Indonesia
Newly installed East Nusa Tenggara (NTT) Governor Viktor Laiskodat has become the first provincial leader to order a moratorium on mining, on a chain of idyllic islands still largely unaffected by the uncontrolled artisanal mining that has ravaged other parts of Indonesia.
Asia Times


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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