Indonesia Morning News For December 18

Indonesia Morning News For December 18
Estimated Reading Time: 4 minutes |

Indonesia morning newsLNG imports not a wise decision, PGN says
State-owned gas company PT Perusahaan Gas Negara (PGN) has reminded the government not to hastily import liquefied natural gas (LNG) amid the current oversupply situation.
— The Jakarta Post

Government prioritizes infrastructure development: President Jokowi
President Joko Widodo (Jokowi) highlighted that infrastructure development of port, railway lines, and road networks remain a priority for the government, especially in the border areas.
— Antara

Tens of thousands protest in Indonesia against US Jerusalem move
Tens of thousands of people in Indonesia protested on Sunday against US president Donald Trump’s decision to recognise Jerusalem as the capital of Israel, the latest show of support for the Palestinians in the country with the world’s largest Muslim population.
— The National

80 percent of Swallow Nest in China Imported from Indonesia
Some 80 percent of the swallow nests in the Chinese market this year were imported from Indonesia, an importer informed ANTARA on Sunday.
— Tempo

Oil and gas lifting to fall slightly short of target
The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) has said that the country’s oil and gas lifting, the colloquial term for ready-to-sell production, will meet 99 percent of its total target this year.
— The Jakarta Post

Indonesia, Freeport to transfer majority ownership in giant Grasberg copper mine
Indonesia and Freeport-McMoRan Inc. may sign a new agreement as soon as this weekend that will lay out a road-map for the transfer of majority ownership of the giant Grasberg copper and gold mine to a local firm, according to people familiar with the proposal.
— DealStreetAsia

FinTech Australia & FinTech Indonesia Sign MOU in Collaboration Push
FinTech Indonesia and FinTech Australia have signed a memorandum of understanding (MOU) in a move designed to propel the mutual development of Fintech in both jurisdictions.
— Crowdfundinsider

BPS to start collecting e-commerce data in January
The Central Statistics Agency (BPS) plans to start gathering e-commerce data in January in order to gain a fuller understanding of the growth of the digital economy and to issue appropriate policies for the sector.
— The Jakarta Post

Economy minister signs agreement to facilitate exports to Indonesia
Minister of National Economy Abeer Odeh, Sunday signed a memorandum of understanding with her Indonesian counterpart to facilitate exporting products to Indonesia.
— WAFA

Garuda Indonesia opens Kupang-Makassar flight
The Indonesian flag carrier, Garuda Indonesia, launched a direct flight from Kupang (East Nusa Tenggara) to Makasar (South Sulawesi), round trip, today.
— Antara

IDX: Foreign Investment Ownership Keeps Rising
The Indonesia Stock Exchange (IDX) revealed that stock ownership of foreign investors throughout this year keeps increasing to Rp 1.878 trillion compared to the end of 2016 with Rp 1.691 trillion.
— Tempo

An earthquake rocked Indonesia’s most populated island — and there multiple reports of deaths
A strong earthquake shook the Indonesian capital Thursday and other cities on the country’s most populous island of Java, killing an unknown number of people amid reports of collapsed buildings.
— Business Insider

Indonesia making progress in global ICT ranking
Indonesia has made significant progress in information and communication technologies (ICT) development, with the International Telecommunication Union (ITU) considering it among the 10 most dynamic countries in 2016, the Central Statistics Agency (BPS) said Friday.
— The Jakarta Post

During Food Scarcity Bekasi Regency Successfully Harvests Abundant Rice
In this 2017 dry season, rice production in Bekasi Regency is able to provide rice to meet public consumption and sustain rice needs in Jakarta.
— Netral News

many youths developing small businesses: president
President Joko Widodo (Jokowi) said the youths in Indonesia were developing many micro, small and medium enterprises (MSME) by utilizing digital technology.
— Antara

Economic Improvement Expected to Continue in 2018
Economic improvement in Indonesia is predicted to continue in 2018, Financial Service Authority (OJK) head of Region I Jakarta-Banten Bambang Widjanarko stated.
— Tempo

Anticipating Christmas, BI Reminds Society to Be Aware of Counterfeit Money Circulation
Many irresponsible people will take advantage of the Christmas momentum to circulate counterfeit money.
— Netral News

 

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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

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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