Indonesia morning news for September 4

Indonesia morning news for September 4
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Indonesia morning newsIndonesian steel products get tariff exemption from US
The United States has made the decision to exempt 19 Indonesian steel products, namely carbon and alloy and stainless steels, from its 25 percent tariffs, Trade Minister Enggartiasto Lukita has said.
The Jakarta Post

Densus 88 Kills Two Terror Suspects Allegedly Involved in Attack on Traffic Police
Densus 88, the National Police’s elite counterterrorism unit, has shot and killed two men believed to be responsible for an attack on two traffic police officers on the Cikampek-Palimanan Toll Road in Cirebon, West Java, last month.
The Jakarta Globe

IOC President: Indonesia Has Opportunity to Host 2032 Olympics
President of the International Olympic Committee (IOC), Thomas Bach in Jakarta, Sunday (9/2/2018), stated that Indonesia has a good position and opportunity to hold the grand Olympic sports party.
Netral News

Interest rate hikes in store for Thailand, Indonesia
The outlook for interest rates in South-east Asia’s two biggest economies is upward even after mixed inflation data yesterday.
The Straits Times

August Inflation Picks Up, but Stays Below Market Expectation
Indonesia’s annual inflation rate picked up slightly in August but was below market expectation and remained within the central bank’s target range, statistics bureau data showed on Monday (03/09).
The Jakarta Globe

Indonesia`s banking industry safe: OJK
Chief Commissioner of the Financial Service Authority (OJK) Wimboh Santoso said the Indonesian banking industry is still in safe condition.

Ministry optimistic about meeting 17 million foreign tourists target
The Tourism Ministry is optimistic the target of attracting 17 million foreign tourists by 2018 and 20 million by 2019 can be achieved.
The Jakarta Post

Indonesia starts to punish violators of foreign banknotes regulation
Bank Indonesia started on Monday to punish corporations or individuals who violate a Bank Indonesia regulation that limits the amount of of foreign banknotes that can be carried when crossing the Indonesian border.
The Jakarta Post

Fitch Ratings maintains Indonesia`s investment grade rating
International rating agency Fitch Ratings maintains Indonesia`s debt rating of BBB with stable outlook rating or Investment Grade.

All hands on deck to reconstruct Lombok: Jokowi
President Joko “Jokowi” Widodo has kick-started the rehabilitation and reconstruction of Lombok, West Nusa Tenggara, after a recent series of earthquakes hit the region in July and August.
The Jakarta Post

Jokowi lauds police on restricting anti-Jokowi declaration
President Joko “Jokowi” Widodo said he backed the police’s decision to restrict events of an anti-Jokowi movement known under its Twitter handle #2019GantiPresiden (Change the president in 2019) in several cities.
The Jakarta Post

KPU Demands Bawaslu Reverse Decisions
General Election Commission (KPU) chairman Arief Budiman said the commission had written to the Election Supervisory Agency on the latter’s decision to pass former corruption convicts as legislative candidates.

Yacht travelers to visit orangutans at Tanjung Puting National Park
Up to 70 yachts will reportedly pay a visit to Kumai port in West Kotawaringin regency, Central Kalimantan.
The Jakarta Post

INKA Expedites Completion of 50 Train Cars for Bangladesh
State-owned trainmaker PT Industri Kereta Api (INKA) is presenty completing the 50 train cars ordered by Bangladesh for delivery in October.

PHL, Indonesia to reestablish flights between Davao and Manado
THE Philippines and Indonesia have committed to promote the reestablishment of flights between Davao to Manado to mutually boost trade, tourism and investments between the two Asean nations.
Business Mirror

One of Indonesia`s Richest Receives Bonus for Bronze Medal
Asian Games Bridge athlete and one of Indonesia’s richest person Bambang Hartono received his bonus at the Jakarta State Palace for managing to win a bronze medal. Bambang can rightfully receive Rp150 million from the government.

Indonesian Athletes Asked to Maintain Performance in the Olympics
Chief de Mission of the Indonesian contingent Syafruddin has asked all Indonesian athletes to maintain their performances in the next two sports conventions, including the 2019 SEA Games in the Philippines and the 2020 Olympics in Tokyo, Japan.

Police Chief Instructs Bareskrim Head to Reopen Case of Munir’s Death
The murder case of human rights activist Munir Said Thalib until now is considered incomplete.
Netral News

Pertamina Ready to Manage Southeast Sumatra (SES) Working Area
PT Pertamina (Persero) is ready to take the Southeast Sumatra (SES) working area (WK) previously managed by CNOOC SES Ltd since it has been assigned by the government to manage the eight termination working areas which ends in 2018.
Netral News

TNI, RAAF hold Rajawali Ausindo military exercise in Kupang
Indonesian Air Force (TNI) troops, along the Royal Australian Air Force personnel or “Royal Australian Air Force” (RAAF), is organizing the 2018 Rajawali Australia-Indonesia military exercise in Kupang, East Nusa Tenggara.

Indonesia may need to keep hiking rates, but no crisis brewing: Bank CEO
Indonesian interest rates may still need to go up significantly to help counter a slide in the rupiah, but there is no sign of the sort of panic-selling seen during the financial crisis two decades ago, the head of the country’s biggest listed bank said.
Channel NewsAsia

Australian farmers welcome trade deal with Indonesia
Australia and Indonesia have finalised an agreement that will create closer economic engagement and new opportunities for businesses in both countries.

Indonesia shows ‘Energy of Asia’
Indonesia billed itself the “Energy of Asia” during the Asian Games, which closed Sunday in a ceremony emphasizing the country’s diversity and the ties linking the 11,000 athletes who competed for 45 nations.
Business Mirror

SC urged to allow Mary Jane Veloso deposition in Indonesia
The parents of a Filipina on death row in Indonesia have not given up on their bid to have her testimony obtained to bolster criminal raps against her alleged illegal recruiters in the Philippines.

Mahindra in talks with Ford to collaborate for the market of Indonesia, Russia and South Africa
As part of its wide-ranging partnership discussion with US car maker Ford, Mahindra & Mahindra has started exploring potential of getting into markets of Indonesia, Russia and penetrate deeper into the South African market.
The Economic Times

ConocoPhillips asks to extend operations in Indonesia gas block
U.S. energy giant ConocoPhillips has asked Indonesia’s energy ministry to extend its operations in the Corridor natural gas block after its contract ends in December 2023, a ministry official said.

Consumer Price Index Indonesia: 0.05% of Deflation in August 2018
Indonesia’s consumer price index experienced 0.05 percent deflation on a month-on-month (m/m) basis in August 2018, while we had actually expected to see modest inflation (considering imported inflation is bound to rise amid rupiah weakness).
Indonesia Investments

Growth in Indonesia’s Manufacturing Sector Picks up in August 2018
Rising domestic demand caused Indonesia’s August manufacturing activity to grow at the fastest pace in more than two years. As a result local manufacturing companies added new people to their staff.
Indonesia Investments

Can fintech help rural Indonesians?
Fintech is taking over Indonesia. With a growing middle class and high internet penetration, fintech firms are mushrooming all over the country.
The Asean Post

Saltwater crocodile dies after being caught by villagers
Villagers in Riau caught a saltwater crocodile that they wanted removed from the area, but the reptile died before Natural Resources Conservation Agency (BKSDA) officials reached the scene.
The Jakarta Post


Feature photo Yoshiharu10


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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