Indonesia morning news for September 28

Indonesia morning news for September 28
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Indonesia morning newsIndonesia gains control of Grasberg mine
The Indonesian government yesterday signed a final and binding agreement to acquire a majority stake in one of the world’s largest gold and copper mines in Papua province.
Straits Times

Indonesian government to hold weekly ‘fake news’ briefings
Indonesia’s communications ministry has announced plans to hold weekly briefings on fake news, in an effort to educate the public about the spread of disinformation in the world’s third-largest democracy.
The Guardian

Indonesia, Cambodia ready to increase trade
Indonesia is striving to enhance trade with Cambodia by encouraging local businessmen to take part in a business meeting held in Phnom Penh on Thursday as part of efforts to penetrate the Cambodian market.

Zurich Insurance to buy $414 mln majority stake in Indonesia’s Adira
Zurich Insurance is acquiring an 80 percent stake in Indonesia’sAdira Insurance from PT Bank Danamon Indonesia and a minority investor for around $414 million, the Swiss group said on Thursday.

Indonesia imports more fuel in 2018
State-owned energy holding company Pertamina’s oil imports stood at an average of 393,000 barrel per day (bpd) up to August, 6 percent higher than in the entire year of 2017, when it imported 370,000 bpd on average.
The Jakarta Post

Indonesia must focus on accessibility to boost tourism: Minister
Tourism Ministry Arief Yahya has stressed the importance of better accessibility to tourist destinations while also highlighting the remaining A-factors in tourism, namely attractions and amenities.
The Jakarta Post

Indonesia’s 2018 food wheat imports to rise 6% despite cost hike
Indonesia’s imports of wheat for flour are expected to reach 8.5 million tonnes this year, an industry body said, up from 8 million tonnes in 2017, despite increasing prices of the grain.
Reuters via The Western Producer

Bank Indonesia raises rates again as currency pressure mounts
Indonesia’s central bank raised its key interest rate for the fifth time in six meetings, wary of the potential for further currency depreciation after the U.S. Federal Reserve raised its benchmark rate for the third time this year.
Nikkei Asian Review

OCBC banking on mobile-first strategy, partnerships to grow Indonesia market share
OCBC Bank is ramping up its digitalisation efforts in Indonesia in a bid to capture a larger share of the market.
Straits Times

Indonesia’s National Gallery Hosts Art of Refugees, Highlighting Migrant Plight
The National Gallery of Indonesia is usually associated with such artists as Raden Saleh, Affandi and other icons of the nation’s artistic history. This month it plays host to the works of asylum seekers and refugees in an exhibition entitled Berdiam/Bertandang, which means Stay/Visit.

Sharia Is Here to Stay in Indonesia’s Aceh
In Indonesia’s conservative province of Aceh, a long-awaited promise to stop caning criminals in public places lasted only a few months.
The Diplomat

Indonesia blasphemy woman endures cramped cell, bad food
A rights group says the Indonesian woman imprisoned for blasphemy after complaining about noise from a mosque is sharing a cramped cell with 16 other women and given “terrible” food.
Associated Press via Orlando Sentinel

Indonesian rupiah weakens to 26-year low against Singapore dollar
Indonesia’s rupiah dropped on Thursday (Sep 27) to its lowest level against the Singapore dollar since at least 1992, even as the government in Jakarta took measures to protect the embattled currency.
Channel NewsAsia

How Indonesia is using data to protect its oceans
Indonesia is dependent on its oceans in a way few countries are. The densely populated archipelago nation of over 10,000 islands is home to some of the world’s most productive and threatened fisheries, providing about 15 percent of the country’s gross domestic product and an even larger portion of jobs.

Indonesia to keep cocoa export tax at 5 pct, crude palm oil stays untaxed
Indonesia is to keep export taxes for cocoa bean shipments in the month of October at 5 percent, while leaving crude palm oil exports untaxed, the Trade Ministry said on Thursday, unchanged from this month.

Indonesia biodiesel output could jump 40 pct in 2019 -official
Indonesia’s biodiesel production could rise to 7 million tonnes in 2019, up 40 percent from an estimated 5 million tonnes this year, due to a new programme to boost local biodiesel consumption, said an Indonesian ministry official on Thursday.
– Reuters

Indonesia’s Plan to Create a Domestic Rupiah NDF Market
Indonesia’s central bank plans to issue regulatory measures that will permit banks in the country to trade non-deliverable forwards in the domestic currency market.
– US News & World Report

Indonesia opens its market for Russian corn and soybeans
Now Indonesia can import corn and soybeans from Russia. Indonesian Ministry of Agriculture informed Rosselkhoznadzor about this.

Indonesia vows to get rid of filariasis by 2025, but progress slow
Despite running late in eradicating filariasis, the government says it will rid the country of the tropical disease by 2025.
The Jakarta Post

Indonesia to offer carrot to US dollar hoarders to boost rupiah
Indonesia is close to finalising incentives for exporters holding billions of US dollars in banks to encourage them to convert the funds into rupiah, as the central bank steps up efforts to shield the local currency from a global emerging market rout.
The Business Times

Ministry in Indonesia targets potential Purworejo Orange Seed Center
The Indonesia Ministry of Agriculture continues to improve the quality and quantity of the nation’s orange fruit production.
Fresh Plaza

Indonesia Must Improve Internet Infrastructure to Boost Online Sales of Consumer Goods: Nielsen
The growth of e-commerce is set to increase sales of fast-moving consumer goods across the globe, according to a new report by Nielsen Company released earlier this week, but Indonesia must increase investment in internet infrastructure to seize the potential.
The Jakarta Globe

Indonesia Urges Human Rights Council to Take ‘Real Actions’ Against Israel
Indonesia urged the United Nations Human Rights Council on Monday (24/09) to take “real actions” and put an end to Israel’s impunity.
The Jakarta Globe


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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