Indonesia morning news for January 31

Indonesia morning news for January 31

Indonesia morning news

Indonesia’s FDI touches nearly 28 bln USD in 2018
Indonesia logged a total of 392.7 trillion rupiah (27.86 billion U.S. dollars) foreign direct investment (FDI) last year amid global economic uncertainty, the country’s investment coordinating board announced here on Wednesday.

Indonesia Corruption Perceptions Index Raises to 38 Points
Transparency International Indonesia announced that the 2018 Corruption Perceptions Index (CPI) of Indonesia climbs seven ranks to 89th position out of 180 countries.

Indonesia Books Rp2.4 bn Transaction in Travel Fair in Slovakia
Indonesia has recorded transaction of tourism packages at Rp2.4 billion during the 25th International Travel Fair (ITF) Slovakiatour which was held in Incheba Expo Bratislava, Slovakia, from January 24 to 27. Destinations of the travel tour included Kalimantan, Bali, Lombok, and Java.

Indonesia’s volatile Mount Merapi volcano has unleashed a river of lava that flowed 1,400 meters (4,590 feet) down its slopes.
— Khaosod English

Central Sulawesi disasters killed 4,340 people, final count reveals
Central Sulawesi Governor Longki Djanggola on Wednesday revealed the result of the administration’s final count of victims in recent deadly disasters in the province, noting that the powerful earthquake and subsequent tsunami and soil liquefaction last September had claimed 4,340 lives.
— The Jakarta Post

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Balance of Payments: BI Governor Projects US$5bn Surplus
Bank Indonesia (BI) Governor Perry Warjiyo said there would be a US$5 billion surplus in the state’s balance of payments for the fourth quarter of 2018. This is a huge rebound after the deficits in quarters two and three.

Government mulls reverse Tobin tax to retain foreign investment
To reduce the country’s current account deficit (CAD), the government is considering encouraging foreign investors to keep funds in the country through a policy known as the reverse Tobin tax.
— The Jakarta Post

BKPM records Rp 721.3t investment in 2018
The Investment Coordinating Board (BKPM) has recorded Rp 721.3 trillion (US$51.1 billion) in foreign and domestic investment throughout 2018, up 4.1 percent from the year before.
— The Jakarta Post

Indonesia oil giant mulls $1-billion LNG project in Philippines
Indonesia’s second biggest crude oil producer, PT Pertamina, is looking to invest $1 billion for the development of liquefied natural gas (LNG) in the Philippines through a regasification hub project, the Department of Trade and Industry (DTI) said yesterday.
— The Philippine Star

Indonesia’s Medco to buy Ophir for $511 mln in Southeast Asia push
Indonesian oil and gas group Medco agreed to buy London-listed Ophir Energy for a sweetened cash bid of $511 million, as it looks to boost its Southeast Asia portfolio and gain access to international assets.
— Nasdaq

PUPR Ministry Projects Spending Rp21tn to Build 9 Dams Next Year
The Public Works and Public Housing (PUPR) Ministry plans to build nine dams in 2019. The project is targeted to be completed in 2023.

Indonesia Prepares New Strategy to Meet 2019 Tourist Arrival Target
When President Joko “Jokowi” Widodo set out to double Indonesia’s foreign tourist arrivals within the five years of his presidency, many were skeptical.
— Jakart Globe

Government, central bank agree to three inflation control steps
The government and Bank Indonesia (BI) have agreed to three strategic steps to control inflation in 2019, so that it will meet the target range of 2.5 to 4.5 percent year-on-year (yoy).
— Antara News

Indonesia to let UN workers into West Papua as violence continues
Indonesia has agreed in principle to allow the UN office of the human rights commissioner into West Papua amid continuing violence in the region.
— The Guardian

Lion Air, Citilink’s baggage fees hurt tourism: Minister
Baggage fees recently announced by low-cost Indonesian carriers such as Lion Air and Citilink would potentially significantly lower the performance of the tourism sector, Tourism Minister Arief Yahya said on Wednesday.
— The Jakarta Post

Indonesia seeks duty-free imports of fish products into Japan
Maritime Affairs and Fisheries Minister Susi Pudjiastuti is calling on the Japanese government to remove import tariffs from Indonesian fishery products.
— The Jakarta Post

SMBC to run Indonesia’s 10th-largest bank with merger
Sumitomo Mitsui Banking Corp. will merge an Indonesian unit with affiliate Bank Tabungan Pensiunan Nasional on Friday, creating the country’s 10th-largest bank by total assets.
— Nikkei Asian Review (paywall)

Lippo Cikarang, Mitsubishi Hold Topping-Off Ceremony for Apartment Towers in Orange County
Township developer Lippo Cikarang and the Mitsubishi Corporation held a topping-off ceremony for two new apartment towers in Orange County in Bekasi district, West Java, last week.
— Jakart Globe

Pegadaian and Tokopedia Launch Online Gold Trading Feature
State-owned pawn company Pegadaian and e-commerce platform Tokopedia has collaborated in launching an online gold trading feature in the effort to facilitate the public, especially millennials, to invest in gold savings.
— Netral News

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Govt to Monitor Foods, Airline Paid Baggage to Control Inflation
The government will seek to keep inflation at 3.5 percent (plus/minus 1 percent range) this year, the same as 2018’s target. One way to do this is to control inflation stemming from volatile food items; keeping it within a maximum range of 4 to 5 percent.

Court rules checking GPS while driving jailable offense
The Constitutional Court has ruled that checking the GPS on a mobile phone while driving is punishable by up to three months’ imprisonment, as stipulated in the 2009 Traffic Law.
— The Jakarta Post

Indonesia Update: Restrictions on the Use of Proceeds from the Export of Natural Resources and Implications for Offshore Lenders
The Indonesian Government recently announced its 16th Economic Policy Package (Paket Kebijakan Ekonomi ke-XVI) as a domestic response to the pressures of global economic developments, including pressure on the Indonesian Rupiah – a particularly sensitive issue in the lead-up to Indonesia’s parliamentary and presidential elections in April.
— Lexology

Gov’t Signs Deal to Provide Nationwide Fast Internet Connection
The Indonesian government signed a partnership deal with five operators to provide the country with high-speed internet satellite capacity.

Bareskrim studies Press Council`s recommendation over Indonesia Barokah Tabloid
The National Police`s Criminal Investigation Department (Bareskrim) is still studying a recommendation from the Press Council regarding the content of Indonesia Barokah Tabloid, according to a police spokesman.
— Antara News

P2P lending third most complained about business sector
The country’s growing peer-to-peer (P2P) lending sector has become one of the most complained about business sectors partly because of high interest rates and aggressive debt collection practices, according to a report.
— The Jakarta Post

Additional corn imports needed owing to high demand: minister
The government is compelled to import more corn following high demand from poultry raisers as a precautionary measure against scarcity of the commodity, Coordinating Economic Affairs Minister Darmin Nasution stated.
— Antara News

KPU Exposes Ex-Corruptor Running in Legislative Election
The General Elections Committee (KPU) will expose former corruption convicts running in the legislative election 2019.

A Complete Guide To Sports Nutrition Registration In Indonesia
If you want to distribute or import sports nutrition products to Indonesia, you will first need to register them.
— Indonesia Expat

Fujitsu to Go Live with Disaster Information Management System in Indonesia’s North Sumatra Region
Fujitsu Limited and PT Fujitsu Indonesia today announced installation of its Fujitsu Public Sector Solution Disaster Information Management System in the Command Center of the North Sumatran Regional Disaster Management Agency.
— Antara News

Indonesia to ask India, Netherlands to repatriate 13 sailors
The Indonesian government will soon ask India and the Netherlands to help repatriate 13 Indonesian sailors stranded in the two countries due to legal problem affecting the companies employing them.
— Antara News

Online booking providers revamp platforms to lure millennials
Online booking platforms are vying for new innovations to attract younger customers amid the rapid development of the digital market dominated by millennials.
— The Jakarta Post

Indofood quits sustainable palm oil body amid allegations of labour violations
Indofood, one of Indonesia’s largest food companies, has withdrawn from the Roundtable of Sustainable Palm Oil (RSPO) certification scheme amid allegations of labour violations on its plantations.
— Just-food

Ministry to issue 1,000 certificates to support wood products
The Environment and Forestry Ministry is planning to issue 1,000 wood legality certificates this year to support the revival of the country’s wood industry.
— The Jakarta Post

More Indonesians choosing to eat out than cook at home
Mr Supriyono sat on a chair in a packed fast-food restaurant in the city of Ciputat, in Indonesia’s Banten province, last Friday evening (Jan 25).
— The Straits Times


Feature photo ILO in Asia and the Pacific   


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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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