Indonesia morning news for January 25

Indonesia morning news for January 25
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Indonesia morning news

BNI Earmarks Rp4tn to Acquire Banks, Insurers
Bank Negara Indonesia (BNI) is preparing Rp3 trillion to Rp4 trillion for business expansion purposes this year. Among others, the bank plans to acquire a financial service entity in Indonesia.

Death toll from Indonesian floods, landslides rises to 30
Floods and landslides in a central Indonesian province hit by torrential rains this week have killed 30 people and left more than two dozen missing, the national disaster agency said Thursday.
— Bangkok Post (annoying pop-ups)

M’sia, Indonesia halt Asean-EU dialogue elevation
Malaysia and Indonesia have pushed to defer the elevation of the Asean-European Union (EU) dialogue into a strategic partnership, citing members of the bloc’s action against palm oil and its economic repercussion to Asean member nations.
— Malaysian Reserve

Indonesia embarks on overhaul of oil, gas law to halt output slide
Indonesia’s government is planning revisions of its oil and gas law with President Joko Widodo this week responding to a proposal initiated by parliament, calling for a plan to revive the ailing sector and boost the country’s energy independence.
— Reuters

Indonesia’s Rp5,000tn Debt Remains at Safe Level, BI Says
Bank Indonesia (BI) stated that the ratio of foreign debt still at the safe level. BI economic and monetary policy executive director Aida S Budiman explained that the current short-term external debt is at around 13.2 percent against Gross Domestic Product (GDP).

Indonesia releases new rules on export revenue repatriation for resources
INDONESIA has issued new rules requiring exporters of natural resources to receive earnings in the local banking industry, which was among new measures Jakarta announced last year to support the then falling rupiah currency.
— The Business Times

Ahok Is Free
Basuki “Ahok” Tjahaja Purnama became a free man on Thursday after nearly two years in prison for blasphemy.
— Jakarta Globe

Bank Indonesia Governor Says Rate Near Peak, No Cut Seen Yet
Indonesia’s central bank Governor Perry Warjiyo said the benchmark interest rate is near its peak, but he doesn’t see room yet to ease policy.
— Bloomberg

Indonesia to auction more repo contracts to expand liquidity
Indonesia’s central bank will exercise an “active monetary operation” by holding more auctions for repo contracts every week to help the banking industry manage short-term liquidity, a senior official told Reuters on Thursday.
— Reuters

Indonesia wants 20 more unicorns like Go-Jek and Tokopedia by 2025
The Indonesian government’s focus at the World Economic Forum gathering in Davos is not the rich natural resources that bring in billions of dollars every year.
— Nikkei Asian Review (paywall)

Indonesia could cut 2019 raw sugar import licenses 22% on year: reports
Indonesia’s trade ministry could potentially reduce the country’s industrial raw sugar import permits for the 2019 marketing year to 2.8 million mt, down 22% from the previous year.
— S&P Global Platts

Go-Jek in talks with Philippines, expects to be in market soon
Indonesia’s Go-Jek is in talks with Philippine authorities to get its ride-hailing service application reconsidered, after it was rejected this month by regulators, and hopes to be in the market soon, co-founder Kevin Aluwi said on Thursday.
— Reuters

“We’re seeing $2.5b for food delivery in Indonesia alone”: Go-Jek on transaction value, international expansion, and IPO plans
Go-Jek co-founder Kevin Aluwi says Go-Jek is currently the largest online transaction platform in Southeast Asia.
— KrAsia

25 flood victims still missing in South Sulawesi
A total of 25 people are still missing in floods and landslides that hit 10 districts and cities in South Sulawesi Province, a local official stated.
— Antara News

Bank BJB Highlights Banking Strategies for 2019
As the challenges in 2019 become more complex, the PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (IDX:BJBR) or Bank BJB has prepared several strategies.
— Netral English

GDI expected to boost exports of value-added products to Japan
The Trade Ministry is set to boost the export of value-added products through the third Good Design Indonesia (GDI) competition, which will facilitate top local creators to compete at the Good Design Awards (G-Mark) in Japan.
— The Jakarta Post

Floods submerge South Sulawesi`s over 13 thousand hectares rice fields
Flash floods submerged 13,792 hectares of rice fields in the districts of Maros and Gowa in South Sulawesi Province.
— Antara News

Y Analytics launches to bring together capital and research for good
Today marks the launch of Y Analytics, a new, independent organization established to drive increased and more effective investment in creating social and environmental good by equipping capital allocators with the research basis to effectively understand the impact of their decisions.
— Antara News

Bawaslu Seizes Hundreds of Unregistered Tabloid Ahead of Election
The Election Supervisory Board (Bawaslu) of Kuningan District confiscated 726 copies of an unregistered printed media called Tabloid Indonesia Barokah from 320 mosques across 248 villages and 32 sub-districts.

Indonesia tells banks to report risk-sharing with foreign parties
Indonesia’s central bank said on Thursday that it will require all banks in the country to report when they transfer or split any of their risk portfolio with banks or parties overseas.
— Reuters

Indonesia refugee policy is on right track
January 2019 marks two years of President Joko “Jokowi” Widodo’s 2016 presidential decree on handling foreign refugees.
— The Jakarta Post

UN lauds Indonesia`s contribution in maintaining peace
The United Nations (UN) has lauded Indonesia`s significant contribution in maintaining peace and international security, as noted in a written statement issued by the Ministry of Foreign Affairs received here on Thursday.
— Antara News

Eight suspects arrested in Lampung on graft charges: KPK
The Corruption Eradication Commission (KPK) investigators have arrested eight people, including Mesuji District Head Khamami, on graft charges, and they will face further investigation in Jakarta, the KPK spokesman stated.
— Antara News

McDermott Announces Ethylene Furnace Award in Indonesia
McDermott International, Inc. (NYSE: MDR) today announced that it has been awarded a sizeable* technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT® (Short Residence Time) ethylene cracking heaters at the Chandra Asri Perkasa (CAP2) ethylene plant in Cilegon, Indonesia.
— AEC News Today/ PR Newswire (media release)

South Sumatran woman killed, corpse gang-raped, then burned
Police have arrested four men they allege were involved in the murder a 20-year-old woman from Pedataran subdistrict, Muaraenim, South Sumatra, whose corpse was then gang-raped and burned.
— The Jakarta Post

N. Sumatra policeman gets 30 months for insulting Prophet Muhammad
A policeman assigned in Asahan, North Sumatra, has been sentenced to 30 months in prison and been ordered to pay a Rp 1 billion fine for inciting hate speech on Facebook.
— The Jakarta Post

President discusses changes in structure of Ministry of Defense
President Joko Widodo called several ministers to the Presidential Palace in Jakarta on Thursday to discuss changes in the structure of the Ministry of Defense.
— Antara News

Indonesian Police`s criminal investigation department has new chief
Inspector General Idham Azis has officially become head of the Criminal Investigation Department (Bareskrim) of the Indonesian Police (Polri).
— Antara News


Feature photo Asian Development Bank

This week’s Indonesia morning news feature photo acknowledges International Day of Education, January 24. 


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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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