Indonesia Morning News For April 24

Indonesia Morning News For April 24
Estimated Reading Time: 4 minutes |

Indonesia morning news

French shipping company CMA CGM aims to increase RI market share to 20 percent
France’s CMA CGM, the third biggest shipping company in the world, aims to increase its market share in Indonesia to 20 percent by year-end from the current 13 percent.
— The Jakarta Post

Indonesia cements reserves, braces for Federal Reserve rate hike
The Indonesian central bank is ready to face potential headwinds in the market if the United States Federal Reserve increases its benchmark interest rate this year.
— The Jakarta Post

Astra Shareholders Approve Rp 6.8t Dividend Payout, Appoint New Director and Commissioner
Astra International’s annual shareholders meeting in Jakarta on Thursday (20/04) approved dividend payouts of Rp 6.8 trillion — $510 million — and the appointment of a new director and a commissioner, the company said in a statement on the same day.
— Jakarta Globe

Freeport submits proposal to obtain export permit
In another sign of receding tension with the government over the future of its operations, PT Freeport Indonesia has submitted its proposal to obtain a permit to resume exports of copper concentrates.
— The Jakarta Post

Bali Beats London and Paris to Be Crowned World’s Best Destination by TripAdvisor
Travel app and website TripAdvisor crowned Bali as the “World’s Best Destination in 2017,” the first place in Asia to top its “Top 10 Travelers’ Choice Destinations” list.
— Jakarta Globe

Benchmark Stock Index Up on Friday Boosted by Pence Visit, Unchanged Central Bank Key Rate
Indonesia’s benchmark stock index rebounded on Friday (21/04) after a decline in the previous day, on the back of a positive sentiment on the domestic market.
— Jakarta Globe

ASIC signs fintech agreement with Indonesia
The Australian corporate regulator has signed a co-operation agreement with Indonesia’s financial services authority, Otoritas Jasa Keuangan (OJK), to “promote innovation in financial services in their respective markets”.
— Investor Daily

India may move gas-fired power plants to Indonesia
India is discussing with Indonesia the possibility of relocating its natural gas-based power plants to the South-East Asian nation.
— Hindu Business Line

PLN and Halliburton to cooperate on geothermal development in Indonesia
State-owned utility PLN and U.S. oil service firm Halliburton have signed a new cooperation agreement on the development of geothermal working areas owned by PLN in Indonesia.
— Think GeoEnergy

Tapping Indonesia’s Power Supply Mart
MALAYSIAN utility giants’ intent of building power plants in Indonesia could materialise sooner than expected as the Indonesian government is easing way of doing business and simplifying regulation processes.
— Malaysian Digest

OCBC Gets Approval For Indonesian Wealth Venture
Private lender OCBC NISP Bank, the local Indonesian unit of Singapore’s second largest lender, plans to launch a private banking service in May.
— finews.asia

Thailand, Malaysia, Indonesia team up to boost rubber prices
Thailand, Malaysia and Indonesia are taking united move to boost rubber prices.
— Financial Express Bangladesh

Indonesia’s Warjiyo says there is room to ease rate but is watching Fed
The pace of Federal Reserve interest rate hikes will be a key factor for whether or not Indonesia’s central bank adjusts policy over coming months, deputy governor Perry Warjiyo said.
— The Star Online

 

Feature photo Yohanes Parianto
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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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