Indonesia Morning News For April 18

Indonesia Morning News For April 18

Indonesia morning news

Go-Jek reportedly raises another round of funding, aims for Southeast Asia expansion
Indonesian ride-hailing startup Go-Jek is in talks with investors to raise a US$1 billion-worth of funding, according to a Wall Street Journal report citing anonymous sources familiar with the process.
— e27

State Audit Board reports findings of 5,810 cases to President Jokowi
The State Audit Board (BPK) has reported to President Joko Widodo (Jokowi) its findings of 5,810 cases, containing 1,393 cases (18 percent) of weaknesses in internal control system and 6,201 cases (82 percent) of non-compliance with the regulations, causing potential losses of Rp19.48 trillion.
— Antara News

Bank Indonesia cracks down on unauthorized money changers, many of which are in Bali
Bank Indonesia, the country’s central bank says it is cracking down on unauthorized money changers across the country, many of which have been operating in Bali.
— Coconuts Jakarta

Jokowi urged to probe Rp 19.48t in potential state losses
The Supreme Audit Agency (BPK) has urged President Joko “Jokowi” Widodo to investigate the agency’s findings on potential state losses worth Rp 19.48 trillion (US$1.47 billion) in 2016.
— The Jakarta Post

Tax Collection Until March Paints Positive Outlook for 2017: Official
The government is confident of meeting its tax target this year on the back of strong collection in the first three months that has so far exceeded that of the same period last year, a senior official said on Sunday (17/04).
— Jakarta Globe

Indonesia To Help Over Export Of Halal Products – Minister Mustapa
Indonesia would find the best method to facilitate the entry of halal products from Malaysia into the republic without having to undergo the tedious process currently, said Malaysian International Trade and Industry Minister Mustapa Mohamed.
— Malaysian Digest

Indonesia startup Brilio embraces shift in media habits driven by millennials
Indonesia is witnessing a new group of hybrid digital media, or platforms, that combine social media and news reporting.
— Deal Street Asia

Lotte’s M’sian unit IPO to raise funds for US$3.5b Indonesian facility
The bulk of proceeds to be raised from the proposed listing of Lotte Chemical Titan Holding Bhd (LCT), a unit of South Korean conglomerate Lotte Group, is to be used to fund the development of a US$3.5 billion (RM15.4 billion) integrated petrochemical facility in Indonesia.
— The Edge Markets MY

Manila Water to submit scaled-up proposals in projects in both Myanmar and Indonesia
MANILA Water Co., the water concessionaire for the East Zone of Metro Manila, said it would submit scaled-up proposals within the third quarter of the year for possible water concessions in Myanmar and Indonesia following the completion of its pilot projects.
— Business Mirror

Indonesia`s exports up 15.68 percent in March 2017
Indonesias exports were up 15.68 percent in March, from US$12.61 billion in the previous month to $14.59 billion, according to Central Bureau of Statistics (BPS) here on Monday.
— Antara News

US Producers Claim Injury from Biodiesel Imports from Argentina, Indonesia
The U.S. Department of Commerce initiated antidumping and countervailing duty investigations aimed at biodiesel imports from Argentina and Indonesia, the department has announced in response to a petition filed by biodiesel industry interests in the United States.
— DTN The Progressive Farmer

Indonesia’s imports up, trade surplus
Indonesian imports rose 17.65 percent to US$13.36 billion in March from US$8.89 billion in February this year, the Central Bureau of Statistic (BPS) said here on Monday.
— Antara News

Indonesia`s Debt to GDP Ratio Lower than Other Countries: Govt
Finance Minister Sri Mulyani said that Indonesia`s debt to GDP ratio is lower than other countries. “Indonesia’s debt [to GDP] ratio is quite high. But not as high as other countries,” she said in South Tangerang on Monday, April 17, 2017.

C. Java Governor asks Surakarta palace to negotiate in solving internal conflict
Central Java Governor Ganjar Pranowo has urged concerned parties at the Mangkunegaran Palace in Surakarta to negotiate and prioritize deliberation in resolving the ongoing conflict between Sultan Paku Buwono XIII Hangabehi and his Customary Council.
— The Jakarta Post

MedArbId to host 3rd Annual Symposium for Mediators and Arbitrators in Jakarta
Hundreds of domestic and foreign legal officials, practitioners, corporate counsels, corporations, arbitrators and mediators are expected to join vigorous discussions for the enhancement of arbitration and mediation practices in the whole Asia-Pacific region.
— The Jakarta Post

President Jokowi approves state funding for KPK investigator Novel Baswedan’s acid attack treatment
President Joko Widodo has pledged state funding for the treatment of one of Indonesia’s anti-corruption heroes, Novel Baswedan, who was attacked with acid on April 11.
— Coconuts Jakarta

In search of unicorns
Indonesia-based startup accelerator Kejora Ventures believes Asean now offers the size and scale to produce some hugely successful tech-based businesses.
— Bangkok Post

Banking as Usual, but No Monetary Operations on Election Day
Bank Indonesia, the central bank, announced normal banking activity but no monetary operations for Wednesday (19/04), due to the Jakarta gubernatorial election, an executive said.
— Jakarta Globe

These 3 Malaysian startups are gearing up to enter Indonesia, in search for potential partners
Jakarta-based digital education and training platform Yacademy today introduced the three Malaysian startups that are participating in their Indonesian Market Immersion Program (IMIP) at Kejora HQ, West Jakarta.
— Yahoo News

NU calls for stronger laws against radical groups
A representative of Indonesia’s largest Islamic organization, Nahdlatul Ulama (NU), has deplored President Joko “Jokowi” Widodo’s administration’s stance against radical groups in Indonesia, suggesting it is too soft to deal with groups that pose a direct threat to the government.
— The Jakarta Post

New Hoong Fatt buys land in Indonesia for RM18m to build new plant
Automotive parts manufacturer New Hoong Fatt Holdings Bhd is buying a 24,575sqm land in West Java, Indonesia for RM17.97 million to set up a new manufacturing plant for further expansion.
— The Edge Markets MY

URI professor awarded $3 million USAID grant to study coral reef fisheries in Indonesia
Food security is a serious concern in Indonesia, where delicate coral reef ecosystems provide fish and livelihood for over three million fishermen. But their catch is declining with many fisheries being overexploited and management of the fishery needs improvement.
— URI Today

Qatar Shows Interest to Enhance Bilateral Cooperation with Indonesia
Qatar has invited Indonesian Vice President Jusuf Kalla to attend the Doha Forum, which will be held from May 14 to 15, 2017, to discuss global democracy and promote peace in the world.
— Netral English


Feature photo Center for International Forestry Research (CIFOR)
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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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