Indonesia Morning News For December 26

Indonesia Morning News For December 26
Estimated Reading Time: 4 minutes |

Indonesia morning newsJapan’s SMFG keen to raise stake in Indonesian bank BTPN to majority
Sumitomo Mitsui Financial Group (SMFG) is keen to raise its stake to a majority in Indonesian lender BTPN if authorities permit, the Japanese bank’s CEO said, as it aims to roll out full-scale banking operations in emerging Asia markets.
— Reuters

Officially Operating, Airport Train Offers Promotional Tariff of IDR30,000
Starting Tuesday (12/26/2017), the Soekarno-Hatta Airport Train starts to operate. The first train to the airport departed at 03:47 am from Sudirman Baru (New Sudirman) Station a IDR30,000 promotional rate.
— Netral News

Joko Widodo vows to ‘fix’ Indonesia as political heat rises
Home to some of the world’s richest coral reefs, the remote islands of Raja Ampat in eastern Indonesia are no secret among scuba divers. But President Joko Widodo wants to make sure these and other hidden national treasures get more attention.
— Nikkei Asian Review

Christmas: 40 Percent Flight at Soekarno-Hatta Airport Delayed
State-owned airport operator PT Angkasa Pura II noted that the on-time performance (OTP) of Soekarno-Hatta Airport two days before Christmas was 57 percent.
— Tempo

Tokyo Century venturing into e-cash services in Indonesia
Tokyo Century is getting into the electronic money business in Indonesia through a partnership with a local conglomerate, with an eye toward developing a payment and lending business for a vast country where most people do not have bank accounts.
— Nikkei Asian Review

Abunawas Express, Competing for the Sweetness of Expedition Business
Expedition business in Indonesia promises high expectations. At least it is seen from the increasing needs of freight forwarding services in Indonesia following the development of online trading.
— Netral News

Holiday Traffic Expected to Peak on Toll Roads in Coming Days: Minister
Jakarta. Transport Minister Budi Karya Sumadi said the country is bracing for high vehicle traffic this holiday season, which is expected to peak between Dec. 29 to Jan. 1.
— JakartaGlobe

Indonesian Universities Build Electric Car for 2019 Dakar Rally
Universitas Budi Luhur has collaborated with Institut Teknologi Sepuluh November (ITS) to create an electric car that will be used in the 2019 Dakar rally.
— Netral News

Donggi Senoro LNG Plant Receives Good Rating in Gov’t Sustainability Program
Liquefied natural gas, or LNG, plant Donggi Senoro was among 1,819 companies operating in Indonesia that received considerable ratings of environment assessment measured by the Ministry of Environment and Forestry for its sustainable operations, the company said on Thursday (21/12).
— JakartaGlobe

Indonesia has peaceful Christmas holiday
The festive season has, once again, passed safely as Christians celebrated Christmas this year without any major disturbances or incidents.
— The Jakarta Post

China Triumph International Engineering starts building cement plant at Grobogan in Indonesia
China Triumph International Engineering (CTIE) has started building a 2.1Mt/yr cement plant at Grobogan, Semarang in Central Java.
— Global Cement

Indonesia Index MSCI Ishares (EIDO): Technicals in Focus
Tracking shares of Indonesia Index MSCI Ishares (EIDO), we have noted that Span A is presently above Span B. Traders following this signal will be looking for signs of a bullish stock price shift.
— The Business Union

PBB, PKPI move on to verification stage for 2019 legislative election
The General Elections Commission (KPU) has announced that the Crescent Star Party (PBB) and the Indonesian Justice and Unity Party (PKPI) passed on Sunday the administrative assessment for participating in the 2019 general elections.
— The Jakarta Post

Plantations International Launches Centre of Gaharu Excellence
Plantation International, through its fully owned Indonesian subsidiary PT Gaharu Kapita Indonesia, hosted myriad of dignitaries from local government and the military to commemorate its grand opening of “The Centre of Gaharu Excellence” in Yogyakarta, Indonesia.
— Market Insider

 

Feature photo Farhana Asnap / World 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

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

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