Indonesia Morning News For April 11

Indonesia Morning News For April 11
Estimated Reading Time: 6 minutes |

Indonesia morning news

Indonesia to remove some countries from free-visa list
The government is planning to remove some of the 169 countries on the free-visa list, as few tourists from those countries travel to Indonesia.
— The Jakarta Post

Indonesia’s millennials need help to join the creative economy
It is all but impossible to discuss Indonesia today without acknowledging the significance of the country’s increasingly rapid pace of change — evident in economic development, social and cultural areas, and in its young people, or so-called millennials.
— Asia Times

Indonesia – The World’s Second Largest Exporter of Thermal Coal
One of the big hopes for a revival of the U.S. coal industry since the election of President Donald Trump is increasing exports. Right on cue, it looks likely that more of the fuel will be shipped to foreign buyers.
— Netralnews

Bank Indonesia May Keep Key Rate at 4.75% throughout 2017
Bank Indonesia, the central bank of Indonesia, is expected to maintain its benchmark interest rate (the seven-day reverse repurchase rate, or reverse repo) at 4.75 percent in the remainder of 2017. Priasto Aji, economist at the Asian Development Bank (ADB), says Bank Indonesia may not need to adjust its key interest rate at all this year even though there is looming further monetary tightening in the USA.
— Indonesia Investments

US Construction Firm Turner to Strengthen Presence in Indonesia, Bullish on Local Market
United States-based construction services company Turner aims to strengthen its presence in Indonesia to tap opportunities presented by the country’s construction sector.
— Jakarta Globe

Emphasis on quality holding up Japan’s infrastructure aid
Japan prides itself on delivering products and services of the highest quality. But when it comes to foreign infrastructure aid, the country seems to be missing the mark.
— Nikkei Asian Review

Indonesia’s parliament allegedly embezzles over $170M from planned national ID program
Indonesia’s notoriously corrupt parliament is embroiled in scandal after two officials were arrested for their part in skimming more than $170M from the country’s digital ID card program.
— One World Identity

Sycamore Media secures $1.2m in seed funding from REAPRA
REAPRA Pte. Ltd., a business builder and venture capital (VC) firm, announced today it has invested $1.2 million (S$1.67 million) in Sycamore Media Holdings Pte. Ltd., a Singapore-based media startup that focuses on promoting entrepreneurship in Southeast Asia.
— Deal Street Asia

Indonesia supports Somalia with bags of rice
Indonesia will send 1,000 tons of rice to Somalia in a bid to help ease hunger problem in the African country, a top organizer of the aid said on Monday.
— News Ghana

Indonesia’s GDP Growth Curtailed by High Non-Performing Loan Ratio
Indonesian banks are expected to be cautious boosting credit disbursement in the next couple of quarters because the non-performing loan (NPL) ratio is currently high with the gross NPL ratio hovering above 3 percent since mid-2016, approximately the same level as it was in 2011 when Indonesia’s five-year economic slowdown commenced.
— Indonesia Investments

Pertamina to acquire more oil and gas blocks abroad
State-owned oil and gas company PT Pertamina is seeking to acquire more oil and gas blocks in the country and abroad to meet its production target set by the government.
— Antara News

Indonesia looks to find a new capital by year-end
Indonesia will finish evaluation of alternative cities that could serve as its new capital by year-end, according to a Today report.
— The Drum

Battle of the mascots: Sales reps for Oppo and Vivo smartphones clash violently during parade in Indonesia (VIDEO)
These smartphone sales reps in Indonesia are so… dedicated, to their jobs, that they’re apparently willing to throw punches against reps of a rival company.
— Coconuts Jakarta

Fed Chair Yellen says economy close to achieving Fed goals
Federal Reserve Chair Janet Yellen said Monday that the central bank is close to achieving its goals on employment and inflation. Her remarks could be seen as providing support for gradual increases in interest rates.
— The Jakarta Post

Indonesia’s Pelindo III to manage 4 more ports
Indonesian state-owned port operator Pelindo III is set to take on four additional ports in East Nusa Tenggara (NTT), following the government’s plan to transfer the management of the ports to a business entity, local reports said.
— Seatrade Maritime News

Malaysian company ships 10,000 M2M devices into Indonesia
Malaysian diversified technology company M3 Technologies (M3 Tech) has rolled out the first shipment of 10,000 machine to machine (M2M) devices.
— MIS Asia

Marathon Probe of Politicians to Test Graft Battle
A corruption investigation into dozens of politicians is a cause for concern in Southeast Asia’s biggest economy, but no other country has taken such a tough stance against graft over the past decade, Vice President Jusuf Kalla said.
— Jakarta Globe

Indonesia, Brazil Ink New Defense Pact
Indonesia and Brazil have signed a new defense agreement in a bit to expand the scope of their ties, the defense ministry in Jakarta said last week.
— The Diplomat

Indonesia calls EU palm oil fuel ban ‘discrimatory’, ‘protectionist’
An EU parliament resolution calling for a ban on the use of palm oil in biofuels is a “discrimative act” motivated by EU farming interests, the Indonesian government has said.
— Climate Home

Indonesia closing in on release of world’s first male pill
Much like the path of many courtships, Bambang Prajogo’s three-decade quest for a male contraceptive pill began with a frisson of excitement followed by years of problem solving.
— The Australian

Indonesia’s PLN signs deals for 45 MW of solar
State-owned utility PT PLN (Persero) signed agreements with six developers in late March to build PV projects throughout the Southeast Asian nation.
— PV magazine

Work begins on Indonesian airport rail link
THE president of Indonesia, Mr Joko Widodo, attended a ground-breaking ceremony on April 8 to mark the start of construction of a rail link in Central Java from Surakarta (also known as Solo and president Widodo’s birthplace) to Adi Sumarmo International Airport.
— International Railway Journal

Prison population jumped by 12,000 in two months
The number of prisoners being held in Indonesia increased by 12,000 within two months this year, raising concerns about unresolved prison overcrowding problems.
— The Jakarta Post

 

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Stella-maris Ewudolu

Stella-maris Ewudolu

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships.Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.
Stella-maris Ewudolu

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