Indonesia Morning News For August 9

Indonesia Morning News For August 9
Estimated Reading Time: 6 minutes |

Indonesia morning newsIndonesian Immigration launches WhatsApp booking system for passport application and renewal
Any Indonesian who’s had to apply for a passport or renew at an immigration office in Jakarta know the hassle of waking up really early in the morning to be able to get in line with hundreds of others.
— Coconuts Jakarta

Indonesia’s GDP Growth Misses Expectations: ETFs in Focus
Indonesia’s GDP grew 5% year over year in the second quarter of 2017, per Badan Pusat Statistik Indonesia. This was below Bloomberg’s estimate of 5.08% and same as the growth rate in the previous quarter. It grew 4% on a sequential basis, compared to estimates of 4.07%.
— Nasdaq

BI: Consumer Confidence Strengthens in July
Through its survey, Bank Indonesia (BI) has found that consumer optimism has increased. This is seen from the rising Consumer Confidence Index (CCI) in July 2017.
— Netral News

Exclusive: Logistics startup aCommerce plans to raise over $30m Series B in Q4
Southeast Asia’s end-to-end logistics solutions startup aCommerce is looking at raising more than $30 million in a Series B funding round by the beginning of the fourth quarter of this year, according to people close to the development.
— Deal Street Asia

Jakarta government plans to increase parking tariffs and possibly vehicle tax by 10% in bid to reduce traffic
One of the frustrating ironies of Jakarta’s hellacious traffic situation is that, while many of the capital’s major roads could be mistaken for parking lots during rush hours, the city makes very little money from actual parking.
— Coconuts Jakarta

Indonesia to ease permit procedures for foreign experts, investors
The Indonesian government will soon ease the procedures for visa and stay permit applications by foreign experts and investors, Head of Immigration Office Ronny F. Sompie declared in a joint statement with the Foreign Affairs Ministry.
— Antara News

Indonesia rejects Malaysia`s PSSA requests on Kukup, Piai
Indonesia has rejected Malaysias proposal on the Particularly Sensitive Sea Area (PSSA) in Kukup Island and Piai Bay, as the two countries have yet to reach an agreement on settling their borders.
— Antara News

Navy to help distribute Rp 4.5b in RI banknotes to Riau’s remote islands
A joint team has been dispatched to distribute rupiah banknotes to five remote islands in Riau Islands province to curb the rampant use of foreign currencies in the area.
— The Jakarta Post

Indonesia: Selamat Sempurna readies $22m for SEA expansion & acquisitions
Indonesian automotive manufacturer Selamat Sempurna says it is readying up to Rp 300 billion ($22 million) to expand its presence into new markets in Southeast Asia. The company plans to acquire distributor firms in neighbouring countries such as Singapore, Thailand and Vietnam.
— Deal Street Asia

Indonesian Military Officer Orders That Forest Burners Be Shot
A military official in the Indonesian province of Jambi said on Saturday (05/08) he has ordered that anyone who deliberately sets fire to forest areas be shot, as authorities struggle to contain fires that cause choking smoke in the region.
— Jakarta Globe

Indonesia’s Pertamina Inks 30-Year Gas Supply Deal With PLN
Indonesian state-owned energy company Pertamina signed a preliminary agreement on Tuesday (08/08) to supply state electricity utility Perusahaan Listrik Negara (PLN) with natural gas for the next 30 years.
— Jakarta Globe

WIKA Aiming to Raise Rp5tn in Bond Offering
State-owned construction company Wijaya Karya (Persero), known as WIKA, is aiming to raise Rp5 trillion in bond offering. The company has yet to choose the types of bonds to be offered.
— Tempo.co

Flexible Permit Procedures Offered by Indonesia to Foreign Experts, Investors
The Indonesian government will soon ease the procedures for visa and stay permit applications by foreign experts and investors, Head of Immigration Office Ronny F. Sompie declared in a joint statement with the Foreign Affairs Ministry.
— Netral News

Bank Mandiri Mulls Conducting Stock Split
State-owned banking company Bank Mandiri (BMRI.JK) plans on conducting stock split to encourage more liquid transactions in the capital market.
— Netral News

AWE Takes Impairment Hit on Indonesia Oil Project
AWE Ltd. (AWE.AU) said it expected an up to 230 million Australian dollars (US$182 million) hit after it impaired the carrying value of its stake in the Ande Ande Lumut oil project in Indonesia, due to lower crude prices and after operator Santos Ltd. (STO.AU) warned of delays to a final investment decision.
— Fox Business

Indonesia sells 22.5 trln rupiah of bonds, above target
Indonesia sold 22.5 trillion rupiah ($1.7 billion) of bonds at an auction, the finance ministry’s financing and risk management office said on Tuesday, above the indicative target of 15 trillion rupiah.
— Hellenic Shipping News

Indonesia: Telkom sets aside $2b for capex, eyes 10 potential M&A deals
State-owned telco firm Telekomunikasi Indonesia (Telkom) is setting aside up to $2 billion, or about 25 per cent of last year’s revenue, for capital expenditure this year, finance director Harry M Zen revealed. The company is also learnt to be reviewing 10 potential merger and acquisitions involving fintech, e-commerce, and ICT startups.
— Deal Street Asia

Driving Forces Accelerating Infrastructure Projects in Indonesia
President Joko Widodo (Jokowi) has urged his cabinet ministers to accelerate cooperation projects with other parties in the field of infrastructure, which have yet to start.
— Netral News

Threat of Antitrust “Dawn Raids” in Indonesia
“Dawn raids” – unannounced searches of businesses and residences – are a tool of choice for antitrust investigators worldwide. By arriving without warning to scrutinize records, seize equipment and data, and question personnel, competition authorities can directly inspect materials as maintained in the normal course of business and exploit the shock of the raid when interviewing witnesses.
— JD Supra (media release)

Indonesia, Philippines bought 200,000 T wheat from Black Sea
Importers in Indonesia and the Philippines have recently purchased around 200,000 tonnes of feed wheat to be sourced from the Black Sea region, European traders said on Tuesday.
— Business Recorder (media release)

High Non-Performing Loan Ratio in Indonesia’s Shophouse Credit
Data from Indonesia’s Financial Services Authority (OJK) show that the non-performing loan (NPL) ratio in the banking sector has risen for the shophouse segment. Shophouses (in Indonesian: ruko, short for rumah toko) are very popular in Indonesia. Usually, the bottom floor is used for an office or shop (or small restaurant), while the higher floors can be used for storage or residence.
— Indonesia Investments (media release)

Indonesia to participate in Thailand education fair
Indonesia is set to take part in an international education fair in Songkhla, Thailand, on Aug. 17, which will also coincide with the archipelago’s 72nd Independence Day celebration.
http://www.thejakartapost.com/news/2017/08/08/indonesia-to-participate-in-thailand-education-fair.html
— The Jakarta Post

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Stella-maris Ewudolu

Stella-maris Ewudolu

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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