Indonesia Morning News For July 4

Indonesia Morning News For July 4

Indonesia morning news

Exclusive: Chinese investors eye Indonesia’s P2P lending marketplace Investree
Chinese investors are eyeing Indonesian online peer-to-peer lending marketplace Investree and have initiated discussions to invest in the company, according to three people aware of the development. If this deal goes through, it will be one of the first international investments in Indonesia’s fintech space, hinting at the beginning of a new trend.
— Deal Street Asia

Indonesia’s May foreign tourist arrivals rise 11.5%
A total of 938,623 foreign tourists visited Indonesia in May, up 11.5% from a year earlier, the statistics bureau said on Monday.
— Bangkok Post

Indonesia Achieves Top 25 Food Sustainability Index
The Agriculture Ministry revealed that Indonesia is among 25 countries with top food sustainability index list released by Barilla Center for Food and Nutrition Foundation (BCFN) and the Economist Intelligent Unit (EIU). The list was released following a report on Global Food Security Index.
— Tempo.co

JobTech Provides 1st Whole Country Online Jobs Scan of Indonesia
JobTech has initiated coverage on Indonesia’s rapidly expanding technology sector. In tandem with the launch of Indonesia’s 2020 Go Digital Vision to become the biggest digital economy in Southeast Asia, technology jobs in Indonesia account for 42 percent of total unique online jobs from January-June 2017.
— Indonesia Investments

Jokowi, Trump to meet and talk about economy
The economy will be the main topic raised during a bilateral meeting between President Joko “Jokowi” Widodo and United States president Donald Trump at the upcoming G20 summit in Hamburg, Germany.
— The Jakarta Post

State budget deficit may increase to 2.60 percent: Minister
Finance Minister Sri Mulyani Indrawati has said the state budget deficit may increase to 2.60 percent, up from the initial target of 2.41 percent because of changes in both spending and revenue.
— The Jakarta Post

Fatalities during Idul Fitri exodus down by 54 percent, police claim
The number of road victims during the annual Idul Fitri exodus dropped by 54 percent this year due to the smooth cooperation between law enforcers and the public, police said on Monday.
— The Jakarta Post

1,527 Jakarta civil servants skip first day of work after Idul Fitri holiday
Despite the Jakarta administration’s threat to slash the regional performance allowance (TKD) of those who extended their Idul Fitri holiday without notice, thousands of civil servants did not appear on the first day of work on Monday.
— The Jakarta Post

Indonesia’s Reputation as Model of Moderate Islam Intact: Jokowi
President Joko “Jokowi” Widodo said on Monday (03/07) that Indonesia remains a model of moderate Islam, countering critics who point to mass rallies by radical Muslim groups and the jailing of former Jakarta governor, Basuki “Ahok” Tjahaja Purnama, for blasphemy as evidence that its reputation is crumbling.
— Jakarta Globe

Indonesia Hopes for Additional $10b Inflows After S&P Upgrade, President Says
Indonesia is hoping for additional inflows worth $10 billion from pension funds and other institutional investors over the next two years following Standard & Poor’s upgrade of its credit rating to investment grade, President Joko “Jokowi” Widodo told Reuters.
— Jakarta Globe

Uber, Grab to Comply With Government’s Fare Cap
Ride-hailing services are set to comply with the government’s new fare caps regulation, seeking to operate as usual.
— Jakarta Globe

Indonesia to Join FATF in War Against Money Laundering and Terrorism Funding
Indonesia may soon join an intergovernmental body called the Financial Action Task Force that seeks to combat money laundering, terrorist financing and other global threats involving the global financial system, a senior official at Indonesia’s Finance Ministry said in a statement on Sunday (02/07).
— Jakarta Globe

Most SE Asia Stocks Gain as China Data Cheers, Indonesia at Record Closing High
Most Southeast Asian stock markets closed higher on Monday tracking strong broader peers as investors took a surprise recovery in Chinese factory activity as evidence of steadying growth in the world’s second largest economy.
— Jakarta Globe

Smokers’ Rights Advocates Resist Tobacco Regulation in Indonesia
If you smoke in Indonesia — and chances are high that you do, as the country is on track to have the world’s highest smoking rate within the next decade — you’re likely a fan of kreteks, the clove cigarettes that are omnipresent in the island nation. Named after the crackling sound that cloves make as you smoke them, kreteks account for as much as 90 percent of all cigarette consumption in Indonesia.
— Voice of America

Stock Market & Currency Indonesia: New Record after Holiday
After the week-long holiday Indonesian stocks made an impressive return on Monday (03/07). Indonesia’s benchmark Jakarta Composite Index surged 1.38 percent to 5,910.24 points, another record high position, led by financial and telecommunication stocks. Investors were in the mood to buy Indonesian shares after the long holiday. Moreover, positive Chinese economic data and Indonesia’s easing core inflation provided more reasons for investor appetite.
— Indonesia Investments (press release)

Moving the Capital Out of Java
President Joko ‘Jokowi’ Widodo is getting deeper into the idea of moving the Indonesian capital out of Java. Palangkaraya, the provincial capital of Central Kalimantan, is among the alternatives considered, as has been reported so far.
— Global Indonesian Voices

GST impact: 18% tax on manmade fibre, yarn severe blow to synthetic textiles, says CITI
Textile industry body CITI today urged the government to reduce GST rate on manmade fibre and yarn to 12 per cent from 18 per cent, saying the higher levy will pressuriseIndian producers to source yarn and fabrics at a cheaper rate from China and Indonesia.
— Financial Express

After snap of snake slices for sale shocks social media, Indonesian supermarket pulls python meat
Earlier this year, many were shocked by a python that ate a person in Indonesia. Last weekend, many were shocked to find out that people eat pythons in Indonesia, too, leading to calls for a boycott of the grocery store chain found to be selling snake meat in one of its stores.
— Coconuts Jakarta

 

Feature photo Dan Lundberg
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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