Indonesia Morning News For December 25

Indonesia Morning News For December 25

Indonesia morning newsIndonesia’s Indofood buys out drink venture partner Asahi for $20m
Indonesia’s largest food company, Indofood Sukses Makmur, said Friday it will buy Japan-based Asahi Group Holdings’ stakes in two nonalcoholic beverage joint ventures for $20 million.
— Nikkei Asian Review

PLN’s electricity sales still grow at snail’s pace
State electricity firm PLN has said its electricity sales have only grown 3.62 percent annually from January to November, raising further concerns over excess capacity that could choke the company with multi-billion US dollar costs.
— The Jakarta Post

Gas Supply Distribution in Medan Disrupted
Gas supply to customer of sate-owned gas company PGN in Medan, North Sumatra has been halted for the past few weeks.
— Tempo

Indonesia needs renewable energy law, lawmaker says
A House of Representatives lawmaker has called for the formulation of a law on renewable energy to serve as the legal basis for the country’s effort to source 23 percent of its total energy needs from renewables in 2025, from 7.7 percent last year.
— The Jakarta Post

Motorcycle Sales Reach 547 Million Units from January to November
Honda’s domination in national motorcycle market is still strong this year. By the end of November, Honda had a total sale of 4.10 million units.
— Tempo

Adaro Energy Strengthens Coal-Related Businesses With Thai-Based EGAT
The growing number of electric cars in the country has fueled battery storage use and is projected to boost coal demand in the near future.
— JakartaGlobe

Rendang to be Exported as Flagship Commodity of W. Sumatra
Beef stewed in coconut milk known as rendang and as one of the typical dishes of West Sumatra Province will be a flagship commodity for exports.
— Tempo

SOEs projected to lose Rp 4 trillion in 2017
Thirteen out of the 115 state-owned enterprises (SOEs) are projected to suffer financial losses to the tune of Rp 4 trillion (US$295 million) this year, with national carrier PT Garuda Indonesia and steel giant PT Krakatau Steel accounting for at least half of the sum.
— The Jakarta Post

Pharmaceutical companies from Indonesia, Myanmar establish joint venture
Indonesian pharmaceutical company PT. Phapros Tbk, a subsidiary of PT Rajawali Nusantara Indonesia (RNI), and Myanmar`s pharmaceutical firm Medi Myanmar Group have established a joint venture to develop the business of pharmaceuticals and medical devices.
— Antara

BI estimates 2017 GDP growth at 5.1%, helped by exports, investment
Indonesia is expected to record year-on-year (yoy) economic growth of 5.1 percent this year amid increasing exports and investment, Bank Indonesia (BI) has announced.
— The Jakarta Post

Agriculture Ministry Ensures Food Production Safe Ahead of Christmas, New Year
Ahead of Christmas and New Year, Ministry of Agriculture makes sure that food production is safe because some areas, including Central Java, harvest regularly throughout December 2017.
— Netral News

Indonesia’s Widodo says railway talks with Japan near conclusion
Construction of Jakarta-Surabaya line targeted to start by end of 2018.
— Nikkei Asian Review

Indonesian president to hold cabinet meeting in Bali to assure tourism safety
In a gesture to assure the volcano eruption threat was already over in Bali, Indonesian President Joko Widodo planned to hold a cabinet meeting in the Indonesia’s resort island.
— Xinhua

AudioWAV ventures into Indonesia with proprietary train technology
ESTABLISHING its foothold in the region, Audiowav Media Inc. (WAV) has secured a landmark partnership with an Indonesian rail operator to improve the commuter experience in the Jakarta metropolitan area.
— Business Mirror

Govt Launches Application to Market Agricultural Outputs
Agriculture Ministry launched an e-commerce business-to-business application that enables transactions between Indonesian Farmers Shop (TTI) as distributors and farmer groups (Gapoktan) as the producers.
— Tempo

 

Feature photo Farhana Asnap / World Bank

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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

junior writer/ trainee journalist at AEC News Today
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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