Indonesia Morning News For December 11

Indonesia Morning News For December 11

Indonesia morning newsIndonesia seeks to impose import duties on intangible goods
Indonesia is looking to impose import duties on intangible goods, such as electronic books and software, Finance Minister Sri Mulyani Indrawati has said.
— The Jakarta Post

Indonesia to stop services to miners who fail to pay taxes
STARTING on January 1 next year , the government will stop providing services to mining companies that failed to pay their taxes for 2017, the Energy and Mineral Resources Ministry’s Mineral Resources and Coal Director General Bambang Gatot Ariyono has said.
— The Nation

Garuda still targets $3.1b in revenue despite flight cancellations
National flag carrier Garuda Indonesia still appears confident it can collect between US$3.1 and $3.2 billion in revenue this year, despite having canceled about 100 flights because of the eruption of Mount Agung in Bali.
— The Jakarta post

Pertamina Insists No 3-kg LPG Shortage
State-owned energy firm PT Pertamina denied scarcity of 3-kg liquefied petroleum gas (LPG) in a number of regions.
— Tempo

Tax on tobacco to cover public healthcare deficit
Indonesia’s Deputy Finance Minister Mardiasmo has said the government would start setting aside revenues from the tobacco excise duty next year to fund the Healthcare and Social Security Agency (BPJS Kesehatan), which has suffered a deficit since the programme kicked off in 2013.
— The Nation

Stagnant wages and e-commerce ravage Indonesia’s department stores
After years of torrid growth, sales at retail establishments in Indonesia, especially department stores, are losing steam, as wage growth slows and online shopping takes off.
— Nikkei Asian Review

BP taps local distributor AKR to open Indonesian gas stations
British oil major BP looks to open roughly 350 gasoline stations equipped with convenience stores in Indonesia over 10 years, teaming with local conglomerate AKR Corporindo to cater to drivers in Southeast Asia’s largest new-car market.
— Nikkei Asian Review

What’s Transpiring For Shares of Bank Pan Indonesia Tbk (PNBN.JK)
Watching the numbers for Bank Pan Indonesia Tbk (PNBN.JK), we have recently spotted a possible bearish divergence using the 14 day Stochastic RSI. Traders may be tracking this reading to identify possible near-term weakness.
— Business Union

Purchasing Power of Millennial Generation in Property Sector Expected to Grow 8 Percent
Property observer and founder of Panangian School of Property, Panangian Simanungkalit, said the property sector in 2018 is predicted to grow eight percent compared to 2017, and will be driven by millennial generation segment.
— Netral News

Aceh expected to exceed rice production target
Agriculture is the main pillar of Aceh Province`s economy, which contributes over 25 percent to the regional gross domestic product, absorbing some 35 percent of the local workforce.
— Antara

Indonesia to voice developmental concerns at WTO conference
Indonesia’s delegation led by Trade Minister Enggartiasto Lukita is seeking to voice the concerns of developing countries in the 11th Ministerial Conference of the World Trade Organization (WTO) in Buenos Aires, Argentina, which began on Sunday.
— The Jakarta Post

Jakarta touts deal, scrambling to keep $2.1bn rail project afloat
A railway system under construction in Greater Jakarta avoided hitting the brakes Friday after Indonesia’s top ministers put together a funding scheme for the 29.9 trillion rupiah ($2.14 billion) project.
— Nikkei Asian Review

46 Million Free Seeds to Be Distributed in 2018
Agriculture Ministry is to distribute 46 million free seeds in 2018. “In 2017, we have distributed more than 30million seeds including coffee, palm, cacao, clover, and nutmeg,” Agriculture Ministry’s Director General Bambang said in Yogyakarta on Saturday.
— Tempo

Indonesia set to ink trade deal with Chile by year-end
Indonesia plans to sign a free trade agreement with Chile by the end of this year, Indonesian Trade Minister Enggartiasto Lukita has said.
— Nikkei Asian Review

Indonesian Pizza Hut operator Sriboga Raturaya mulls $150m IPO
The biggest pizza chain in Indonesia is planning a domestic initial public offering that could raise as much as $150 million, people with knowledge of the matter said.
— DealStreetAsia

Aptrindo Expresses Objection to Truck Operation Restriction
Indonesian Truck Business Association (Aptrindo) insisted government to not restrict truck operations on certain toll roads and national roads during 2017 Christmas and 2018 New Year holidays, even though the government has shortened the restriction from 5 days to 4 days.
— Tempo

Indonesia’s nightlife fizzles amid growing conservatism
AS revellers filed into the Empirica nightclub on a recent Friday night in Jakarta’s business district, just a stone’s throw from the stock exchange, manager Joe Chen was counting on a good night.
— The Business Times

 

Feature photo Asian Development Bank

 

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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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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