Indonesia Morning News For August 23

Indonesia Morning News For August 23

Indonesia morning newsBank Indonesia unexpectedly cuts interest rates
Indonesia’s central bank cut its benchmark interest rate on Tuesday for the first time almost a year, as falling inflation gives the bank more scope to try to boost economic growth.
— Financial Times

Indonesia to buy $1.14 billion worth of Russian jets
Indonesia has pledged to ship up to $570 million worth of commodities in addition to cash to pay for the Suhkoi SU-35 fighter jets, which are expected to be delivered in stages starting in two years.

Indonesia’s biggest IPO this year
PT Garuda Maintenance Facility AeroAsia, a unit of national carrier PT Garuda Indonesia, plans to raise as much as US$300mil in an initial share sale to fund setting up of a new unit in an island near Singapore and expand overseas.
The Star

Bank Mayapada to issue Rp 750 billion in bonds
Private lender Bank Mayapada Internasional is planning to raise Rp 750 billion (US$56.25 million) from a subordinated bond sale to strengthen its capital structure and boost lending.
— The Jakarta Post

GIIAS 2017 Sets New Record Sales
Visitors have ordered 21,000 cars as of August 20 – the figure could continue to rise because many license holders had yet to submit their purchase order report.
Tempo (EN)

Philippines, Indonesia and India Have Got a Fed Problem
The populist leaders of India, Indonesia and the Philippines won office with promises of massive spending to upgrade their infrastructure – ut now the Fed is set to embark into uncharted territory by shrinking its balance sheet.

Indonesia looks to export coconut and pineapple to Uzbekistan
Uzbekistan asked for the transfer of cultivation technology for pepper, spices and soybean, and an exchange of soybean genetic sources
Fresh Plaza

RI to rely on economic deals with Vietnam to deepen ties
Indonesia hopes to make the best of a rare opportunity to deepen economic engagement and widen private sector linkages with Vietnam as it hosts its ASEAN neighbor’s highest authority in a two-day visit
— The Jakarta Post

Indonesia’s fintech investments set to touch record high in 2017
Investments into Indonesian fintech startups are set to hit a record high in 2017 at the current run rate, according to an analysis by venture intelligence platform CB Insights.
Deal Street Asia

K2 Venture Capital’s first foray into Indonesia vibrant startup scene
UangTeman launched in April 2015 as one of the first digital P2P lending platforms in Indonesia.
— The Nation

Fashion E-Commerce Company Sale Stock Indonesia Raises $27m in Funding
Local fashion e-commerce company Sale Stock Indonesia has raised $27 million in funding from several investment firms to expand its business in Southeast Asia’s largest economy.
 Jakarta Globe

Indonesia wants direct Jakarta-Yangon air links
Indonesian government is requesting Myanmar to allow direct flights connecting Jakarta and Yangon to spur tourism and business activities between both nations.
Myanmar Times

Vietjet Air Prepares to Open New Route to Indonesia
Vietnam-based aviation company Vietjet Air—known for its in-flight bikini show—has officially announced plans to open a new international route connecting Jakarta with Vietnam’s largest city, Ho Chi Minh City (HCMC).
— Netral News

Indonesia projected to produce only 55,000 tons of salt this month
Due to the meager production, Maritime Affairs and Fisheries Ministry issued a permit allowing state-owned salt producer PT Garam to import 75,000 tons of raw salt materials from Australia.
The Jakarta Post

Indonesia court scraps new ride-hailing tariff rules
Indonesia’s Supreme Court has ruled that tariff ranges imposed by the government last month on online ride-hailing services are illegal, saying they impede competition.
Channel NewsAsia

BPJS Offered Freeport Divestment
BPJS Ketenagakerjaan is set to join the Indonesian Consortium that consists of Indonesia Asahan Aluminium (Inalum), Papua Provincial Government, and districts that are directly in contact with Freeport’s work area.
Tempo (EN)

Navy adds ships to look for collision victims
Indonesian Navy Forces (TNI-AL) has added two Indonesian Ships (KRI) to help find the victims of the collision incident between USS John S Mccain (DDG) 56 and MV Alnic Mc, a Liberian ship.

Duterte’s “drug war” migrates to Indonesia
A recent University of Melbourne analysis indicates that Indonesian police killed an estimated 49 suspected drug dealers in the first six months of 2017.
New Mandala

Rights group asks Indonesia to abolish death sentence
Jakarta-based group says judicial system is vulnerable to mistakes after top court overturned death penalty for young man
Anadolu Agency

Greenpeace calls on stricter measures to protect orangutans in Indonesia
Severe environmental damage has been suspected of leading to the drastic drop of orangutan population in Kalimantan, indicating that Indonesian government has yet to take serious measures in protecting the endangered animal.


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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