Indonesia Morning News For December 15

Indonesia Morning News For December 15
Estimated Reading Time: 4 minutes |

Indonesia morning newsWhy Bank Indonesia Keeps Its Benchmark Rate at 4.25 Percent
Bank Indonesia (BI) has kept its benchmark interest rate at 4.25 percent. Indonesia’s central bank does not follow the US Federal Reserve’s policy to raise its benchmark interest rate by 25 basis points.
— Netral News

Indonesian tea mission to revive flagging exports to Europe
The Indonesian government and tea industry representatives have embarked on a mission to Europe in attempt to reduce trade barriers and boost tea exports.
— Food Navigator

Nobody safe in Indonesia’s ‘trial of the century’
The corruption trial of ex-House of Representatives speaker Setya Novanto threatens to rock the entire political establishment.
— Asia Times

Investment Alert Task Force Warns Public of 21 Investment Businesses
The public is again urged to be careful about investment product offerings from businesses that do not have an official business licenses.
— Netral News

World Bank: Central Asia Yet to Adjust to Cheaper Oil
Countries across energy-rich Central Asia are a long way from readjusting to lower oil prices and will need to carry out large-scale reforms to regain competitiveness, a senior World Bank economist told Reuters in an interview.
— Tempo

Go-Jek Acquires Three Companies to Dominate Payment in Indonesia
Go-Jek, Indonesia’s biggest ride-hailing service, agreed to acquire three local financial-technology companies, underscoring its ambition to become the dominant player in the country’s nascent digital-payments industry.
— Bloomberg

PLN to Install 1,000 Electric Vehicle Charging Posts in Jakarta
State power company PLN has set a target to set up 1,000 units of general electricity provider stations (SPLU) in Jakarta by the end of 2017.
— Tempo

Bank Mega credit card goes mobile
Private lender Bank Mega launched a mobile application for its credit card holders in a move to boost fee-based transactions.
— The Jakarta Post

Private sector urged to involve in infrastructure development
Finance Minister, Sri Mulyani, has expressed hope that more private companies will be involved in infrastructure development, particularly infrastructure that is concerned with national connectivity.
— Antara

Telkom acquires Bosnet to develop logistics business
State-owned telecommunications firm PT Telkom Indonesia, through its subsidiary, PT Sigma Cipta Caraka (Telkomsigma), officially acquired on Thursday PT Bosnet Distribution Indonesia in an effort to develop TelkomGroup’s logistics business.
— The Jakarta Post

Thai-Indo JV firm plans to take majority stake in Adib Cold Logistics for $7.8m
PT Samudera JWD Logistics is planning to acquire 67 per cent stake in Adib Cold Logistics, a Jakarta-based cold storage and transport facilities provider, for $7.8 million, according to a company’s announcement on Thursday.
— DealStreetAsia

Energy Ministry Encourages National Electrification, Providing Electricity in Outermost Areas
The Ministry of Energy and Mineral Resources revealed it continues to encourage national electrification.
— Netral News

Grab Joins Hands With Digital Payment Service PayTren to Recruit Prospective Drivers
Grab, a ride-hailing service operating in Southeast Asia, signed a partnership agreement on Wednesday (13/12) with Indonesia-based digital payment provider PayTren to allow registered partners to recruit prospective drivers, in a bid to assist with job creation.
— JakartaGlobe

Bank Indonesia Prepares Cash of IDR193.9 Tln for Christmas-New Year Holiday Needs
The need for cash in the Christmas and New Year holiday periods tends to increase. Reflecting from that, Bank Indonesia (BI) has prepared cash worth IDR193.9 trillion.
— Netral News

Toll road operator lists Komodo bonds on LSE
State-owned toll road operator PT Jasa Marga listed its global rupiah bonds on the London Stock Exchange (LSE) on Wednesday.
— The Jakarta Post

Gov’t Accelerates Development of Two Dry Dams to Prevent Flood in Jakarta
Indonesia’s Public Works and Housing Ministry is building two dry dams in Bogor, West Java — Bendungan Ciawi and Bendungan Sukamahi — expected for completion in 2019 to try to prevent flood in the capital Jakarta, which is often caused by heavy rainfall on its outskirts.
— JakartaGlobe

 

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

Sreypov Men

junior writer/ trainee journalist at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations. She commenced as an intern and was appointed as a junior writer/ trainee journalist on April 2, 2018
Sreypov Men

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