Indonesia Morning News For August 1

Indonesia Morning News For August 1

Indonesia morning newsUniversity of indonesia tops webometrics ranking
The University of Indonesia (UI) has once again achieved the first rank as the best university in Indonesia, according to Webometrics Ranking of World Universities 2017.
— Antara News

Indonesia manufacturing PMI falls to 48.6 in July
The Nikkei Indonesia Manufacturing Purchasing Managers’ Index, or PMI, fell to a one-year low of 48.6 in July from 49.5 in June.
— Nikkei Asian Review

Indonesia detains 153 over US$450 million scam targeting Chinese
Indonesian police on Monday (Jul 31) said they had detained more than 150 Chinese nationals accused of carrying out a sophisticated scam that netted around US$450 million (S$611 million) by tricking their compatriots into paying to make legal cases go away.
— Channel NewsAsia

CIMB Niaga’s Profit Increases 87.5 Percent in the First Half
PT Bank CIMB Niaga Tbk (BNGA) achieved unaudited net profit of IDR1.4 trillion in the first half of 2017, up 87.5 percent based on year on year (YoY). The company’s earnings per share also increased to IDR54.92.
— Netral News

Indonesia to Auction Off Geothermal Power Projects Worth $1b
The government will auction off six geothermal projects worth $1.02 billion in September to expand Indonesia’s renewable energy capacity as part of its plan to become the world’s largest geothermal producer.
— Jakarta Globe

Unilever Indonesia records sluggish growth in first half
Publicly listed consumer goods manufacturer PT Unilever Indonesia saw slow growth in its revenue and net profits in the first half of 2017.
— The Jakarta Post

Government focuses on lowering infant mortality rate
The Indonesian government is focusing on lowering infant mortality rate to maintain total fertility rate (TFR) aimed at extending the so-called demographic bonus.
— Antara News

Government to synchronize development plans with UN SDGs
The Indonesian government, through the Ministry of National Development Planning and the National Development Planning Agency, will synchronize its strategic development plans with the United Nations Sustainable Development Goals (SDGs).
— Antara News

Govt Earmarks Rp5.5tn to Buy Spice Seeds
The government has prepared Rp5.5 trillion from the State Budget (APBN) to buy spice seeds. Agriculture Minister Amran Sulaiman said the government is now focusing on restoring Indonesia’s spice glory.
— Tempo.co

Cikarang Listrindo books $71.5m in profit in first half of 2017
Publicly listed independent power plant producer PT Cikarang Listrindo announced on Sunday that the company had booked US$71.5 million in net profits during the first half of 2017, up by 18.1 percent from the $60.6 million in the same period in 2016.
— The Jakarta Post

Pertamina Begins Producing Euro 4 Standard Fuel
Pertamina’s Cilacap unit refinery in Central Java, has begun to produce the Pertamax High Quality gasoline with Euro-4 standard on Monday. The first production began symbolically in Cilacap’s Patra Graha Building, launched by the state-owned oil company’s senior vice president for refining operations Ardhy Mokobombang.
— Tempo.co

Air Pollution Levels in Jakarta Far Exceed WHO Standards: Greenpeace
The greater Jakarta area is overwhelmed by poor air quality, with high levels of health-deteriorating pollutants exceeding standards set by the World Health Organization, Greenpeace Indonesia said in a statement.
— Jakarta Globe

Indonesia mulling move to send troops to besieged Philippines city
Indonesia is not dismissing the possibility of sending its troops to the besieged city of Marawi in the Philippines, a top security official has said, adding that the archipelago will continue to strengthen security cooperation with neighbouring countries.
— The Star Online

Furniture Producers Relocate to Vietnam Due to Cheap Labor Costs, Business-Friendly Regulations
Six foreign furniture companies with combined annual exports of $300 million have relocated their factories to Vietnam from Indonesia over the past 18 months due to cheaper labor costs and lax business regulations.
— Jakarta Globe

Rent arrears for Jakarta’s low-cost apartments reach Rp 32 billion
Many Jakartans residing in rumah susun, or rusun (low-cost apartments), are apparently struggling to pay the rent, as data from the city’s Public Housing and Government Buildings Agency shows that the total arrears amount to Rp 32 billion (US$1.95 million).
— The Jakarta Post

Factory activity shrinks in Indonesia, Malaysia in July, expands in Vietnam – PMIs
Factory output contracted again in Indonesia and Malaysia in July, while that in Vietnam expanded again, though at a slower pace than in the previous month, according to IHS Markit purchasing managers’ indexes released on Tuesday.
— Nasdaq

Indonesia Aims to Become World Largest Coffee Producer
Agriculture Minister Amran Sulaiman said that Indonesia is aiming to become the second largest coffee producer. Therefore, farmers are expected to step up production from 691,000 tons in 2016 to 1 million ton this year.
— Tempo.co

NZ and Indonesia strengthen Food Safety relationship
Minister for Food Safety David Bennett met with Dr Penny Lukito, the chairwoman of Indonesia’s National Agency of Drug and Food Control (BPOM) this morning.
— Scoop Independent (media release)

House rejects plan to use haj fund for infrastructure
Deputy Speaker of the House of Representatives Agus Hermanto opposed the government’s plan to use the country’s haj fund as a source of financing for President Joko “Jokowi” Widodo’s infrastructure projects.
— The Jakarta Post

Potential Reason Why Chinese Criminals Operate Online Fraud in Indonesia
Indonesian police on Monday said they had detained more than 150 Chinese nationals accused of carrying out a sophisticated scam that netted around $450 million by tricking their compatriots into paying to make legal cases go away.
— Netral News

Untapped biomass potential can drive growth of RI industry
Indonesia has vast biomass potential, large enough to meet Indonesia’s renewable energy demand and boost its economy, a researcher has said.
— The Jakarta Post

 

Feature photo Isabel Sommerfeld
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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

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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