Indonesia Morning News For April 20

Indonesia Morning News For April 20
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Indonesia morning news

Deeper Capital Markets Help Indonesia Unlock $70b in Annual Funding: McKinsey
Indonesia can unlock $70 billion in additional funding annually from its capital market, should the government provide much-needed financial resources to develop ambitious infrastructure projects, according to a recent report by consulting firm McKinsey & Company.
— Jakarta Globe

Xiaomi launches Mi Roaming for Indonesia
XIAOMI announces on April 18 that it is bringing Mi Roaming to Indonesia. Making its world debut outside mainland China, the on-demand roaming data service is available for Indonesian MIUI users starting April 18.
— Digital News Asia

Beer Business Still Bubbly Despite Tough Regulation, Multi Bintang Profit Nearly Doubles
Multi Bintang Indonesia, Indonesia’s largest brewer, nearly doubled its net income last year thanks to strong sales and product innovations.
— Jakarta Globe

Indonesia: Go-Jek revs up investors to raise $1b in funding
INDONESIAN motorcycle-hailing startup Go-Jek is in talks with investors to raise US$1 billion, according to reports by The Wall Street Journal.
— Tech Wire Asia

Indonesian rupiah weakens slightly after Jakarta election
Indonesia’s currency weakened slightly on Thursday after polls showed that the incumbent governor of Jakarta had lost his bid for re-election by a big margin.
— Reuters

Asean, UN Partner to Stamp Out Poverty, Transnational Crime
High-level officials of the Association of Southeast Asian Nations, or Asean, and the United Nations met in Jakarta on Tuesday (18/04), where they agreed to enhance cooperation in addressing challenging issues in the region.
— Jakarta Globe

Anies Baswedan wins Jakarta election: Pollsters
A former Indonesian education minister won the race for Jakarta governor on Wednesday after a polarising campaign that cast a shadow over Indonesia’s reputation for practicing a tolerant form of Islam.
— Channel NewsAsia

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Tax Hikes Weigh Down Stocks in Cigarette Companies
Stocks of cigarette producers have been performing lower than the benchmark on the local bourse so far this year amid concern among investors about the impact of the government’s tax policy on the sector.
— Jakarta Globe

Fake passports fuel child trafficking to Hong Kong, Singapore
When Siti was promised a high salary for working as a maid overseas, her parents urged her to leave their rural home in Indonesia’s rugged East Java province.
— Daily Mail

Fintech Talk: Leveraging capital market through fintech collaboration
Today’s lack of interest by local investors in Indonesia’s capital market provides a benchmark for people’s investment priorities.
— The Jakarta Post

Indonesian Women Risk Health to Supply Palm Oil to the West
Much of the palm oil used to keep our ice cream smooth, our chocolate shiny, and our margarine free of trans fats comes from the lush plantations of Indonesia and Malaysia. The big companies that produce the oil for food giants like Kellogg and Nestlé typically promise that it’s harvested in a way that protects both the environment and the workers.
— Pulitzer Center

Ahok loses governorship in Jakarta run-off
On April 19th the capital, Jakarta, went to the polls for the second time in three months to cast votes for the two remaining mayoral candidates, the incumbent governor, Basuka Tjahja Purnama (known as Ahok), and Anis Baswedan.
— The Economist Intelligence Unit

Indonesia, Brunei to hold state visits in PH next week
The Philippines will be hosting two neighboring countries in the days leading up to the Association of Southeast Asian Nations (ASEAN) Summit next week, the Department of Foreign Affairs confirmed Wednesday.
— CNN Philippines

Indonesia Woos Peru to Sign Trade Agreement
Indonesia has planned to improve trade relations with Peru through a trade agreement that is currently being drafted. Trade Ministry’s director general of international trade negotiations Iman Pambagyo revealed that Peru is one of the countries being approached by Indoneisia.
— Tempo.co

 

Feature photo Center for International Forestry Research (CIFOR)
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Stella-maris Ewudolu

Stella-maris Ewudolu

Staff writer
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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