Indonesia Morning News For August 22

Indonesia Morning News For August 22

Indonesia morning newsGovernment seeks to issue one-month treasury notes
The Indonesian government is seeking to issue one-month state treasury notes next year to meet the short-term liquidity needs

Hackers hit Malaysian sites over SEA Games Indonesia flag gaffe
Indonesian hackers Monday claimed responsibility for attacking more than 30 Malaysian websites following a gaffe that saw Indonesia’s flag printed upside-down in a Southeast Asian Games commemorative magazine.
Channel NewsAsia

Indonesia Joins USS John McCain Search and Rescue Effort
Foreign Affairs Minister Retno Marsudi said that Indonesia has joined the search and rescue attempt to find the missing crew of the USS John S. McCain throughout the Singaporean waters.
Tempo (EN)

Indonesia Decision Guide: Rate Cuts Back in Play to Spur Growth
Bank Indonesia has been on hold since its last reduction in October, but with the threat of capital outflows from higher U.S. interest rates lessening, policy makers in Indonesia may be ready to ease again.

Garuda Unit Set for Indonesia’s Biggest Share Sale in a Year
PT Garuda Maintenance Facility AeroAsia, a unit of national carrier PT Garuda Indonesia, plans to raise as much as $300 million in an initial share sale to fund setting up of a new unit in an island near Singapore and expand overseas.

Indonesia’s Bank Mandiri gets approval for stock split
Bank Mandiri will increase the availability of its shares and make them more “affordable” for individual investor.
Business Times

Indonesia – Freeport Negotiation to Be Finalized
Freeport Indonesia has agreed to divest 51 percent of its shares and will only deal with the final phase of the negotiation.
Tempo (EN)

Indonesian police name six suspects after labour unrest at Freeport’s Grasberg mine
Trouble erupted when the demonstrators blocked an access road to Grasberg, the world’s second-biggest copper mine, in a protest over employment terms.

Indonesia’s July car sales rebound 37% y-o-y
Car sales in Indonesia rebounded 37.2% in July from a year earlier, according to PT Astra International Tbk citing data released by the automotive industry association on Monday.
Bangkok Post

Indonesia ride-hailing app finds new opportunities in food delivery
Since its start in April 2015, Go-Food has quickly taken over as the market leader, expanding into second-tier cities and partnering with popular chains.
Nikkei Asian Review

Indonesia: East Ventures & GREE back $10.5m Series A in Immersv
The Series A financing builds on a year of significant product and market momentum for Immersv, which offers interactive 360 advertising with a programmatic real time bidding platform.
Deal Street Asia

Indonesia’s decision to share vessel tracking data ‘ill-advised,’ some say
While the move is praised by conservationists for its potential to deter illegal fishing, some observers argue that publishing the data will backfire on the location of Indonesia’s best fisheries.

Indonesia’s Ailing Oil Sector Needs Urgent Overhaul
Indonesia’s oil industry is languishing, but unlike another up-and-coming oil major — Argentina — it’s not willing to do what is necessary to lure in big foreign money.

Pakistan & Indonesia agree to increase trade of kinnow and mango
Pakistan can export these fruits to Indonesia for the whole year and any time-limit was removed.
Fresh Plaza

Indonesia hopes for Chinese assistance in developing northern regions
The proposed projects were located in North Sumatra, North Kalimantan and North Sulawesi provinces.

VP Confused Over Two Indonesian Diaspora Networks
Vice President Jusuf Kalla urged the Indonesian diaspora networks to unite on Monday (21/08) at the opening of the Indonesian Diaspora Global Summit in Jakarta.
— Jakarta Globe

Ministry to renew data on Indonesian nationals overseas
The new database, which would be set up next year, would be integrated with the data owned by the Immigration Office, the Home Affairs Ministry, as well as the Migrant Workers Protection Agency

Asian Games: Pride on line for Indonesia
Jakarta and Palembang on the island of Sumatra will host around 10,000 athletes from 45 countries competing in 39 sports from Aug. 18 to Sept. 2, 2018
The Japan News

China, Indonesia to further comprehensive strategic partnership
The two sides agreed to maintain high-level visits and close communication on key issues, integrate development strategies and promote cooperation under the Belt and Road Initiative.

Sapu Jagad 2017 aims to remove 5 tons of rubbish from Indonesia’s mountains
A biannual event to collect trash on 17 mountains and forest areas across Indonesia is currently underway through a collaboration between the Trashbag Community and the Environment and Forestry Ministry.
— The Jakarta Post

UN verifies names of 16,056 Indonesian islands
The validation and verification of 1,448 islands still need to be carried out.


Feature photo ILO in Asia and the Pacific
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


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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