Indonesia Morning News For April 25

Indonesia Morning News For April 25
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Chevron to Sell Assets of $10 billion Incl Geothermal Project in Indonesia
Chevron Corp is selling its three Bangladesh gas fields, worth an estimated $2 billion, to a Chinese consortium as the U.S. oil and gas group looks to shed non-core assets this year.
— Netral English

PLN to go nuclear if renewable energy goal flops
State electricity company PT PLN has revived Indonesia’s long held ambition to operate nuclear power plants after it officially floated the idea for the first time in its new business plan, which will guide the company’s operation until 2026.
— The Jakarta Post

Telkom Approves Dividend of Rp 136 Per Share, Appoints New Directors, Commissioner
Shareholders of state-controlled Telekomunikasi Indonesia, or Telkom, approved a final dividend payout of Rp 13.5 trillion ($1 billion), or Rp 136.74 per share.
— Jakarta Globe

World Bank, AIIB ink MoU to strengthen cooperation
World Bank Group president Jim Yong Kim and Asian Infrastructure Investment Bank (AIIB) president Jin Liqun signed a memorandum of understanding (MoU) on Sunday to strengthen cooperation and knowledge sharing between the institutions.
— The Jakarta Post

Indonesia: Poultry firm Charoen Pokphand to acquire local 7-Eleven operator
Publicly-listed Charoen Pokphand Indonesia has announced a plan to acquire the local operator of 7-Eleven convenience stores, Modern Sevel Indonesia, for Rp 1 trillion ($75 million).
— Deal Street Asia

Exclusive: Indonesian kebab chain Baba Rafi in talks to sell large stake
Indonesia-based Kebab Turki Baba Rafi (KTBR), that claims to be the world’s largest kebab chain, is in talks with potential investors to sell a large stake, three people close to the development told DEALSTREETASIA.
— Deal Street Asia

New Tech Offers Innovative Solutions To Indonesia’s Construction Industry
Indonesia construction companies, like their global peers, are beginning to adapt to new challenges brought on by climate change and to innovate how they conduct business.
— Malaysian Digest

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Indonesian Stocks Expected to Rise on French Presidential Election
Asian shares rose on Tuesday morning (25/04), following the strong performance of Wall Street overnight, supported by easing concerns about the stability of the European Union (EU) after French presidential candidate Emmanuel Macron is seen as the clear favorite in the presidential runoff. Macron, a pro-EU centrist, will face Marine Le Pen, an anti-EU nationalist, in the runoff.
— Indonesia Investments

Papua to enjoy improved flow of goods with ‘air-bridge’ program
The government is set to start its “air bridge” program this year to improve the flow of goods and reduce price disparities in Papua, the country’s easternmost province.
— The Jakarta Post

No deals yet in Malaysia, Indonesia for MPIC
Manuel V. Pangilinan-led Metro Pacific Investments Corp. said talks for its tollroad subsidiary to invest in expressways in Malaysia and Indonesia fell through.
— Inquirer.net

Jakarta Election Result Spells Trouble for Jokowi and Indonesia
The heavy loss of incumbent Jakarta Governor Basuki “Ahok” Tjahaja Purnama to former education minister Anies Baswedan signals rising intolerance and demonstrates the influence of hard-line Muslim groups in Indonesia, spelling trouble for President Joko “Jokowi” Widodo and moderate Indonesians of all persuasions.
— The News Lens International

Thailand, Indonesia, and Malaysia Digital and Computed Radiography Market Report 2017
Research and Markets has announced the addition of the “Digital and Computed Radiography in Thailand, Indonesia, and Malaysia, Forecast to 2021” report to their offering.
— Business Wire

SC ruling on power tariffs to hit imported coal-based power generators
A recent Supreme Court ruling, setting aside an appellate tribunal order permitting Tata Power and Adani PowerBSE 1.83 % to raise electricity tariffs in tandem with increased input costs, will hit viability of all imported coal-based power generators, say experts.
— Economic Times

Indonesia Bourse Expected To Open In The Green
Ahead of Monday’s holiday for Isra Mikraj, the Indonesia stock market had moved higher in two of three trading days since the end of the two-day losing streak in which it had surrendered more than 55 points or 1 percent. The Jakarta Composite Index now rests just beneath the 5,665-point plateau, and the market is called higher again on Tuesday.
— Nasdaq

Indonesia inches closer to realizing port hub dream
Indonesia is inching closer to realizing its dream of making Tanjung Priok Port a major international transshipment hub and taking a slice of Singapore’s business pie.
— The Jakarta Post

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Social Affairs Minister to Complete Social Aid Distribution in May
Social Affairs Minister Khofifah Indar Parawansa has set a target to complete the non-cash social aid distribution of the Family Hope Program, or PKH, next month.
— Jakarta Globe

 

Feature photo Yohanes Parianto
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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.
Stella-maris Ewudolu

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