Indonesia Morning News For April 28

Indonesia Morning News For April 28

Indonesia morning news

Agriculture ministry to create 80,000 hectares of new rice fields
The Agriculture Ministry has expressed its optimism that it is able to create some 80,000 hectares of new rice fields this year as targeted by the government as part of the country’s food security program.
— The Jakarta Post

Gov’t to Develop 10 Destinations to Become Centers for MICE Tourism
The Ministry of Tourism plans to develop 10 destinations in Indonesia to become leading centers for meetings, incentives, conventions and exhibitions, or MICE, the ministry said in a statement released on Thursday (27/04).
— Jakarta Globe

CIMB Niaga posts RM208.7mil consolidated net profit
PT Bank CIMB Niaga Tbk reported an unaudited consolidated net profit of 640 billion rupiah (RM208.7mil) in the first quarter (Q1) of 2017, which represented a 137.9% year-on-year (y-o-y) growth.
— The Star Online

SGInnovate collaborates with VC firm to set up landing pad helping startups expand from Indonesia to Singapore and vice versa
SGInnovate BASH (Build Amazing Start-ups Here) is collaborating with EV Hive, an Indonesia-based coworking space, to build a landing pad for companies from Indonesia and Singapore to enter into each other’s markets. EV Hive is managed by East Ventures (EV), an early-stage venture capital firm with offices in Jakarta, Tokyo, and San Fransisco, which has invested in 150 companies across Asia and the US, focusing on commerce, social, game, SAAS, and mobile services.
— Open Gov

Female clerics declare fatwa on child marriage in Indonesia
Female clerics on Thursday issued an unprecedented fatwa against child marriage in Indonesia in a bid to stop young girls becoming brides in the world’s most populous Muslim country.
— Astro Awani

Aneka Gas Industri to Raise Rp 400b From Bond Sale in May
Aneka Gas Industri, Indonesia’s largest supplier of industrial gas, is planning to raise Rp 400 billion ($30 million) from the sale of conventional bonds and Islamic bonds, also known as sukuk, in May to refinance debt.
— Jakarta Globe

Ministry closes 43,000 cooperatives
Cooperatives and Small and Medium Enterprises Minister Anak Agung Gede Ngurah Puspayoga has issued decrees to close 43,000 inactive cooperatives.
— The Jakarta Post

Maybank Indonesia records higher Q1 Patami
Maybank Indonesia’s net profit after tax and minority interests (Patami) rose 10.4% to 490.1 billion rupiah in the first quarter ended March 31 from 443.9 billion rupiah in the same quarter last year.
— The Star Online

Trump tower fated not to rise in Indonesian isle of the gods
Thousands of people flock daily to the centuries-old, sacred Hindu temple at Tanah Lot, a rock formation that juts into the Indian Ocean. An island at high tide and flanked by sheer cliffs, it’s among Bali’s most photographed sites, particularly for the mesmerizing sunsets that transform the waters into a shimmering orange vista.

Indonesia-Philippines sea border pact ratified
Indonesia’s Parliament on Thursday (April 27) ratified a landmark sea border agreement with the Philippines, which sets the exclusive economic zone (EEZ) boundaries between the two countries in the Mindanao and Celebes seas.
— The Straits Times

Freeport readies first Grasberg copper exports after 15-week halt
Freeport McMoRan Inc is preparing three copper concentrate export shipments from its giant Grasberg mine in Indonesia after a 15-week outage, sources with direct knowledge of the matter said.
— Hellenic Shipping News Worldwide

Exporters can save 68% of shipping cost with new route to Indonesia
Exporters from Mindanao can save up to 68 percent of shipping cost with the new Davao-GenSan-Bitung roll on/roll off (RORO) shipping route, said to be the cheapest and fastest route between Mindanao and Indonesia.
— Minda News

93 Countries to Question Indonesia`s Human Rights Violations
As many as 93 countries have signed up for United Nation`s human rights board where they will question Indonesia’s human rights enforcements in the Universal Periodic Review (UPR).

Asian Capital Markets Incl Indonesia Present Huge Potential
The economies of South and Southeast Asia are all in their own unique stages of development, and each capital market faces a different set of challenges. A common theme, however, is that new business opportunities are cropping up across the region.
— Netral English

Indonesia‘s Investment of Both Foreign, Domestic Set at IDR678 Tln
The Investment Coordinating Board (BKPM) has set the domestic and foreign investment target for 2017 at IDR678 trillion.
— Netral English

MAN Diesel & Turbo to supply power for gold mine in Indonesia
MAN Diesel & Turbo is to deliver and install four MAN 18V32/40 gensets for a power plant of the Indonesian energy company PT Sumberdaya Sewatama (Sewatama). The power plant will supply one of the world’s largest gold mines, Martabe, with up to 24 MW of electric power. The four-stroke engines will eliminate an acute energy bottleneck and ensure a stable supply to cover the requirements of the mine in Batang Toru province in the north of the Indonesian island of Sumatra.
— PennEnergy

Indonesia climbs six spots in 2017 press freedom ranking
Indonesia has climbed six notches from its previous place in the 2017 World Press Freedom Index released by Reporters Without Borders (RSF) on Wednesday.
— Eleven


Feature photo Yohanes Parianto

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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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