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Jokowi speaks up about rupiah’s drop
President Joko “Jokowi” Widodo has spoken up about the depreciation of the rupiah, which hit Rp 14,900 to the US dollar on Wednesday, saying that his economic ministers were dealing with the issue.
— The Jakarta Post

Police Urge Journalists to Avert from Provocative News Sources
Bangka Belitung Islands Police Chief Brig. Gen. Syaiful Zachri called on journalists to wisely choose their sources of interviews, especially regarding provocative statements in the wake of the 2019 general elections that could potentially cause a public disrupt.
— Tempo

Jakarta mob beats hit-and-run bus lane interloper (video)
A video gone viral showing mayhem on a Jakarta street reveals two things about Indonesia’s capital: Few drivers respect the dedicated bus lanes and mob violence still rules.
— AEC News Today (video)

Aceh Region Bans Unmarried Couples at Same Table in Cafes
A district in Indonesia’s deeply conservative Aceh province has banned unmarried couples from sitting at the same table in restaurants, cafes or coffee shops.
— The New York Times

BI spends rp11.9 trillion on stabilizing rupiah
Bank Indonesia (BI) has spent Rp11.9 trillion on easing the pressure on the rupiah by meddling in the secondary market and buying back state securities (SBN) from foreign investors.
— Antara

Rupiah Depreciates, Here is Police Anticipatory Measures
The exchange rate of the US dollar against the rupiah was recorded at IDR14,845 on Tuesday (9/4/2018) morning. The depreciation in the value of the rupiah against the USD is expected not to cause riots.
— Netral News

Luxury Cars Subject of up to 195 Percent Import Tax
Purchases of luxury cars that are imported intact from abroad (completely built-up / CBU) will be subject of up to 195 percent tax, as an impact of policy import control on consumer goods through Article 22 on income tax (PPh) adjustments.
— Netral News

Military Uniform Supplier Sritex Shrugs Off Foreign Exchange Turbulence
While some Indonesian companies have been buffeted by a volatile local currency, a sliding rupiah has been a boon for Sri Rejeki Isman, or Sritex, a textile company that exports military uniforms to 35 countries, including NATO members.
— The Jakarta Globe

Indonesian markets hammered by emerging-market contagion
Asia’s fifth-biggest economy saw its stock market walloped on Wednesday as investors girded for the possibility of more interest-rate hikes to safeguard Indonesia’s rupiah, which has fallen to its weakest since 1998.
— The Bangkok Post/ Bloomberg

Leadership needed as ghosts of 1998 crisis return to haunt Indonesia
As the rupiah plunged last week to below 14,800 per US dollar, memories of the 1998 Asian financial crisis came back to haunt the region.
— The Nation

Another Indonesian Financial Crisis? Not Quite.
Indonesia’s rupiah is nearing levels last seen in the Asian Financial Crisis. Here’s why this time is different.
— The Diplomat

Lippo Indonesia Delivers First Apartments in Meikarta Megaproject
The Lippo Group handed the first 863 apartments in its Meikarta megaproject in Cikarang, Bekasi, West Java, over to their new owners on Saturday, signifying the conglomerate’s success in meeting its commitments.
— Retail News Asia

Indonesia’s E-Commerce Market Will Grow to $65b by 2020
Online sales of physical goods in Indonesia are projected to increase more than eightfold to $65 billion annually by 2020, a study by global business consultancy McKinsey & Company shows.
— Retail News Asia

Indonesians flee to higher ground in regional tsunami drill
Indonesian high school students fled to higher ground as tsunami warning sirens blared Wednesday, launching an evacuation exercise across a region devastated by a 2004 disaster which killed over 200,000 people.
— Agence France-Presse via Daily Mail

Fitch affirms Indonesia`s sovereign credit rating at stable outlook
Fitch Ratings (Fitch) affirmed Sovereign Credit Rating of the Republic of Indonesia at BBB/stable outlook.
— Antara

Indonesia to send palm oil delegations to Pakistan
Amid the current account deficit, the government and private sector work hand in hand to expand the export market of palm oil by sending trade mission delegations to Pakistan.
— Antara

Indonesia wants talks on financial safety nets at IMF-World Bank meet
Indonesia’s central bank said on Wednesday it is pushing for talks on regional financial safety nets at the annual meetings of the International Monetary Fund (IMF) and the World Bank to be held on the resort island of Bali next month.
— Reuters via Daily Mail

Indonesia, a top plastic polluter, mobilizes 20,000 citizens to clean it up
On a Sunday last August, thousands of Indonesians gathered at 76 locations across the Southeast Asian country to participate in a massive cleanup of plastic trash.
— Mongabay

Despite Thousands in Captivity, This Rare Songbird Is Going Extinct
Common only 20 years ago, three black-winged mynah species now face extinction in the wild, with an estimated 500 remaining. Meanwhile some 40,000 live in captivity in Indonesia, according to new research.
— National Geographic

Indonesia to issue rules on crude oil sales next week -official
Indonesia expects to issue rules next week prioritising Pertamina and other domestic refinery operators in sales of crude oil produced locally by contractors, Oil and Gas Director Djoko Siswanto said on Wednesday.
— Reuters

Indonesian consumers the most optimistic in the world
Indonesians were the most optimistic consumers in the world in the second quarter of 2018 with Consumer Confidence Index (CCI) at 127 points, a research said.
— Antara

KPK Increases Budget to Handle Corruption Cases in 2019
The Corruption Eradication Commission (KPK) is set to increase the number of corruption cases it will handle in 2019 to 200 cases, which is a 100 percent increase from its initial plan.
— Tempo

Minister of Youth and Sports: The real target was 34 golds
Not once, has Youth and Sports Minister Imam Nahrawi, 45, missed attending the 2018 Asian Games competitions since the continental sporting event kicked off on August 18.
— Tempo

Tanjung Puting National Park proposed as ’11th New Bali’
The Tanjung Puting National Park in West Kotawaringin regency, Central Kalimantan, has been proposed as a priority tourist destination to diversity the industry and alleviate its heavy reliance on Bali.
— The Jakarta Post

Bali blackout: Indonesian tourist hotspot loses power after earthquake horror
Bali has suffered a mass power cut leaving the Indonesian island without any electricity just weeks after it was hit by several catastrophic earthquakes.
— Express

Rubella kills baby in Jambi as vaccination campaign meets resistance
A baby in Batanghari regency, Jambi, reportedly died due to the rubella virus as a vaccination campaign in the predominantly Muslim area meets public resistance.
— The Jakarta Post

Toyota Indonesia marks 1 millionth car export
Toyota Motor Manufacturing Indonesia (TMMIN) marked on Wednesday its one millionth car export over the last 30 years with its shipment of 1,879 completely built up (CBU) cars from the IPC car terminal at North Jakarta’s Tanjung Priok port.
— The Jakarta Post

Texas Chicken Re-Energizes Growth In Indonesia with New Restaurant in Capital City, Jakarta
Following a busy spring and early summer for new Texas Chicken® restaurant openings throughout the Asia-Pacific region, the brand is reasserting its strength and market position with a new franchisee entry to the Indonesian market in the nation’s capital of Jakarta.
— AEC News Today/PR Newswire

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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