Indonesia Morning News For December 13

Garuda Indonesia Needs Rp2.7tn Loan
State airline Garuda Indonesia needs a loan of US$200 million or approximately Rp2.7 trillion to increase its capital expenditure next year.
— Tempo

Indonesia to ban products violating national standard requirements
The Trade Ministry has announced the results of goods and product inspection throughout 2017, based on the Indonesia National Standard (SNI) and manual and guarantee card (MKG) requirements.
— The Jakarta Post

Australia-Singapore Cable lands in Indonesia
Australia’s Vocus Communications has announced the launch of its Australia-Singapore Cable (ASC) in Indonesia, in conjunction with landing partner XL Axiata.
— Telecomasia

Association calls on govt to restore seeds subsidy
Indonesian seeds industry has urged the government to restore its policy on seeds subsidy that has been revoked and replaced with free distribution of seeds.
— Antara

Software, e-Books Bought Subject to Import Duty in January
Starting in January next year the government will impose import duties on intangible goods purchased from overseas online stores, including software and ebook.
— Tempo

Widodo acknowledges failure to address rights abuses
Indonesian President Joko Widodo has acknowledged criticism that past gross human rights violations have not been resolved and has pledged to make them a priority.
— UCA News

Jokowi underscores importance of economic transformation
President Joko Widodo (Jokowi) has underscored the need for Indonesia to transform its economy from consumption-based to investment-based economy.
— Antara

Pertamina Expects to Import Up to 250,000 bpd of Crude Oil in 2018
Jakarta. Pertamina expects to import up to 250,000 barrels per day of crude oil in 2018, the head of the state-owned energy company’s procurement unit said on Tuesday (12/12).
— JakartaGlobe

Uber picks new head for Indonesia business
Uber Technologies Inc UBER.UL unveiled on Wednesday a new head of its Indonesian operations in a market where the online taxi company faces cutthroat competition, regulatory uncertainty and a reported U.S. probe into whether it broke bribery laws.
— Reuters

BCA, Indonesia AirAsia sign deal on digital service cooperation
Private lender Bank Central Asia (BCA) and low-cost carrier Indonesia AirAsia X have signed on Monday a B2B digital service cooperation agreement, under which the bank will allow AirAsia’s travel agents to use its Klik Bisnis BCA cash management service.
— The Jakarta Post

Manufacturing Industry Indonesia: Gov’t Optimistic to See Growth
Over the past decades, Indonesia’s manufacturing industry has developed from a significant growth engine (for the whole economy) into a less significant one.
— Indonesia Investment

KADIN Member Companies Can Conduct Export-Import Activities
The government has affirmed that companies that can conduct trade activities, including obtaining export and import permits, are those listed as members of the Indonesian Chamber of Commerce and Industry (KADIN).
— Netral News

Limited Fiscal Space, DBS: Private Investment Solutions
The government’s limited budget has an impact on the limited fiscal space. One solution to this problem is private sector investment.
— Netral News

Indonesia and Australia’s Foreign Policy White Paper
A shared understanding of the Indo-Pacific could form the basis of a stronger Indonesia-Australia partnership.
— The Diplomat

Indonesia taking advantage of changing lifestyle of Chinese teenagers
Indonesia has a potential to take advantage from the changing lifestyle of Chinese teenagers through coffee as one of the leading non-oil and gas export commodities.
— Antara

Tommy Soeharto’s Company Set to Disburse IDR1.1 Tln to Purchase Four Vessels in 2018
A company owned by the youngest son of the second Indonesian President Soeharto, Hutomo Mandala Putra, will conduct a corporate action with a fantastic value.
— Netral News

Indonesians and Malaysians protest Trump’s Jerusalem gambit
U.S. President Donald Trump’s decision to recognize Jerusalem as the capital of Israel has unleashed protests in Southeast Asian countries with large Muslim populations.
— Nikkei Asian Review

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