Indonesia Morning News For June 21

Lion Air Places $6.2b Order for 50 Cutting Edge Boeing Passenger Jets
Lion Air Group, Indonesia’s largest budget airline, announced a purchase agreement with US-based aircraft manufacturer Boeing for 50 737 Max 10 passenger jets at the 2017 Paris Air Show on Monday (19/06).
— Jakarta Globe

TABLE-Indonesia sells 14.65 trillion rupiah of bonds, above target
Indonesia’s finance ministry sold 14.65 trillion rupiah ($1.10 billion) of bonds at an auction on Tuesday, above the indicative target of 12 trillion rupiah.
— Reuters

Tourists tricked into eating dog meat in Bali
Holidaymakers are unwittingly eating dog meat on the Indonesian island of Bali, according to an Animals Australia investigation, raising questions about food safety and animal abuse.
— Jakarta Globe

Govt Sets a Full Week of Collective Leave for Idul Fitri
Manpower Minister Muhammad Hanif Dhakiri has officially declared a week-long collective leave for workers in the private sector to celebrate Idul Fitri, his ministry said in a statement on Tuesday (20/06).
— Jakarta Globe

Most SE Asian stocks end lower; Indonesia gains
Most Southeast Asian stock markets ended lower on Tuesday, with Malaysia closing at a near three-week low as continuing outflows dampened investor sentiment, ahead of a holiday next week marking the end of the Muslim holy month of Ramadan.
— The Edge Markets MY

Exclusive: Fintech startup Akulaku bags funding from DCM Ventures, attracts Chinese investors
South-East Asian e-commerce and online financial services company, Akulaku is understood to have raised between $5-10 million in funding from a few overseas venture capital investors, according to three people aware of the development.
— Deal Street Asia

PLN cuts subsidies for 19 million households
Nineteen million households will no longer receive an electricity subsidy as state-owned power company PLN has complied with the government’s commitment to only provide an electricity subsidy to poor people.
— The Jakarta Post

China’s Guizhou province promotes tourism in Indonesia
China’s Guizhou province conducted a tourism promotion event here on Tuesday, seeking to grab more visitors from Indonesia to visit the southwestern mountainous province.
— Xinhua

Indonesia to revise ownership rules in sectors restricted to foreigners — minister
Indonesia is in the process of revising ownership rules in a list of sectors that are partially or fully closed to foreigners, a cabinet minister said on Tuesday.
— The Edge Markets MY

Indonesia’s tax amnesty boosts bond appeal
Indonesia’s tax amnesty brought in revenue, which lowered the fiscal deficit and enhanced the appeal of government bonds, says Allianz Global Investor’s David Tan.
— International Adviser

Crowdo achieves full regulatory registration in Indonesia
CROWDO (crowdo.co.id), who is represented by PT Mediator Komunitas Indonesia locally, was officially registered (S-2842 / NB.111 / 2017) as a peer to business lending (P2B) operator in Indonesia.
— Digital News Asia

Rebel Indonesian priests seek Vatican help over bishop
Rebel priests in Indonesia’s Ruteng Diocese have appealed to the Vatican to intervene and resolve a bitter dispute with their bishop, whom they accuse of misappropriating more than US$100,000 in church funds.
— UCA News

Steady demand for Indonesian bananas
While Ramadan used to mean diminished sales for the Indonesian banana sector, this year seems to be different. “We’ve noticed a growing trend with regards to healthy products,” says Luthfiany Azwawie.
— Fresh Plaza

The 0.1 Percenter: Millionaire Households Control Half of Indonesia’s Wealth
A tiny number of millionaire households will control more than 50 percent of Indonesia’s financial wealth — around $900 billion — by 2021, a new report from Boston Consulting Group showed, making it harder for the government to end economic inequality in the country.
— Jakarta Globe

WATCH: Police decide to dispose of confiscated fireworks by setting them on fire, 17 buildings damaged in explosion
As you may be aware from their annual steamrolling of confiscated alcohol before Ramadan, the Indonesian Police often like to make a big show out of the disposal of confiscated illegal goods. But the police in Central Java’s Kebumen regency seem to have made a bit of a miscalculation when they decided to get rid of 287 kg of illegal fireworks… by lighting them on fire.
— Coconuts Jakarta

Press Digest – Lucrative offers for Malaysians to farm in Indonesia
THE Indonesian government is wooing Malaysian farmers with attractive perks including the waiving of taxes, a guarantee of labour supply and provision of some 600ha of idle land in Batam island to grow vegetables and fruits.
— The Sun Daily

The Initiative Taken by the Philippines is a Warning for Indonesia
Indonesian Military (TNI) commander General Gatot Nurmantyo lauded the Armed Forces of the Philippines (AFP) for their hard work to muffle ISIS terror in Marawi.
— Netralnews

Young Living Essential Oils Expands Business into Indonesia
Young Living Essential Oils, the world leader in essential oils, celebrated its official expansion into Indonesia with nearly 1,500 attendees at the grand opening in Jakarta. With the fourth largest population in the world, Indonesia is a prime region for Young Living to establish a strong presence while providing optimal service and accessibility to its Indonesian consumers.
— PR Newswire UK (press release)

Feature photo Merdeka Online
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.

Indonesia Morning News For June 21 added by Stella-maris Ewudolu on June 21, 2017
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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.