Indonesia Morning News For April 21

Indonesia Morning News For April 21

Indonesia morning news

Mike Pence Signed 8 Billion Dollar Deal during Indonesia Visit
The United States Vice President Mike Pence has signed a USD 8 billion business deals in presence of his Indonesian counterpart Jusuf Kalla during his Indonesia visit, Foreign Minister Retno Marsudi said Thursday, April 20, 2017.
— Tempo.co

Dutch Corporation Investing in Indonesia’s Sustainable CPO Sector
A number of Dutch based corporations are currently exploring the capital investment in Indonesia’s sustainable palm oil sector in order to ensure the preservation of the product’s upstream and downstream.
— Tempo.co

Local Manufacturers Stand to Gain as Plants Leave China
Relocating manufacturers from China will quicken that sector’s growth in Indonesia until 2021, providing ample investment opportunities in the country’s numerous industrial complexes, according to a report by real estate consultant Jones Lang LaSalle, or JLL, released on Thursday (20/04).
— Jakarta Globe

EEZ treaty ratification will support eradication of illegal fishing: Ministry
The government is hoping to combat illegal fishing and protect Indonesian fishermen with the ratification of a maritime agreement between Indonesia and the Philippines, a ministry official has said.
— The Jakarta Post

Czech, Monaco, France penetrate N. Sumatra to market tourist destinations
The Czech Republic, France and Monaco have for the first time penetrated North Sumatra to market their respective tourist destinations in the province.
— The Jakarta Post

JCI Slightly Down After Election, Dragged by Decline in Property Stocks
Indonesia’s benchmark stock index slightly changed on Thursday (20/04) after quick count data published by pollsters showed incumbent Governor Basuki “Ahok” Tjahaja Purnama has lost in Jakarta’s gubernatorial race.
— Jakarta Globe

Indonesian prosecutors seek suspended jail term for Jakarta governor
Indonesian prosecutors on Thursday recommended a one-year suspended jail sentence for Jakarta’s Christian governor in his blasphemy trial, which has been seen as a test of the Muslim-majority nation’s religious tolerance.
— Channel NewsAsia

FGV to market seeds in Indonesia, Philippines
Felda Global Ventures Holdings Bhd (FGV) has appointed exclusive agents to market its oil palm seeds in Indonesia and the Phillipines.
— The Star Online

Saratoga-backed MGM Bosco aims to grow three fold in next two years, plans 2020 listing
Pt Mulia Bosco Logistik commonly known as MGM Bosco, has chalked out an ambitious plan to grow almost three folds in capacity in the next few years, with an investment plan of more than $35 million in the short term.
— Deal Street Asia

‘Dumping duties’ will ease pressure for Australian paper manufacturer
An anti-dumping duty will be imposed by the federal government on four countries including Brazil, Thailand, China and Indonesia, it has been reported.
— Manufacturers’ Monthly

Grasberg mine dispute off the table in US talks with Indonesian VP
The Vice-President of Indonesia has signalled he prevented his US counterpart from discussing the contract row that has crippled operations at Grasberg – the world’s second largest copper mine – by telling him “the affair is finished”.
— The Sydney Morning Herald

Indonesia moves to support scale in growth of digital economy
THE Global Venture Summit 2017 (GVS) which runs in Bali from April 19 to 21 brings local startups together with successful entrepreneurs, venture capitalist to boost the startup ecosystem.
— Digital News Asia

Geothermal Power – Ormat Technologies, Toshiba And ENGIE Have Major Projects In Indonesia
Geothermal power provides dispatchable power but needs careful evaluation to achieve sustainable production.
— Seeking Alpha

Indonesia’s Astra International Q1 net profit up 63% on year
Astra International, Indonesia’s largest publicly listed conglomerate, on Thursday said its net profit jumped 63% on the year to 5.08 trillion rupiah ($381 million) in the first three months of 2017, thanks to strong car sales and a recovery in its commodity businesses.
— Nikkei Asian Review

UPDATE 1-Indonesia’s c.bank stands pat on rates, monitors global risks
Indonesia’s central bank kept its benchmark rate unchanged on Thursday for the sixth straight meeting, saying the current level was consistent with its efforts to maintain stability.
— Reuters

 

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Stella-maris Ewudolu

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 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.

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