Indonesia’s Forest Fires: Limited Resources Hamper Fight
Forest fires sweeping across Sumatra and Kalimantan in recent months prompted six Indonesian provinces to declare a state of emergency.
— AEC News Today
Indonesia offers Rp 7.7t satellite project to investors
The investment Coordinating Board (BKPM) in collaboration with the Communications and Information Ministry has held a premarket sounding event for a public private partnership (PPP) project on the procurement of a multifunctional satellite, an official has said.
— The Jakarta Post
Indonesia Will Exceed Coal Production Cap Again Next Year
Indonesia’s coal production may keep increasing next year with new miners set to start operations, undermining the government’s energy security plan.
Finance Ministry urged to settle debts to Pertamina, PLN
Energy and Mineral Resources Minister Ignasius Jonan has called on Finance Minister Sri Mulyani Indrawati to immediately repay the government’s debts to state energy giants Pertamina and PLN to ease their financial burdens.
— The Jakarta Post
Government to consider non-tax state revenue in lowering gas price
The decline in Non-Tax State Revenue (PNBP) from the gas sector will be taken into account if gas price for the industry is to be reduced, Coordinating Economic Affairs Minister Darmin Nasution stated.
Indonesia offers land ownership to foreign investor in Batam
Free zone authority in Batam (Badan Pengusahaan Batam) of Indonesia has given opportunity for foreign investors to own lands on the island, a move aimed at luring foreign investment, an official said on Wednesday.
Badak extends operating agreement for Bontang LNG plant
PT Badak NGL renewed its agreement with the State Asset Management Agency (LMAN) on Thursday, paving the way for the former to maintain its status as the sole operator of Indonesia’s oldest liquefied natural gas (LNG) plant in Bontang, East Kalimantan.
— The Jakarta Post
Indonesia’s Pertamina boosts 2018 upstream investment by 21% on year, focuses on Mahakam
Indonesia’s state-owned Pertamina plans to spend $3.324 billion on its upstream business in 2018, a 21.16% jump year on year, senior company officials said Friday.
— S&P Global Platts
Import restrictions not effective in lowering food prices
The Center for Indonesian Policy Studies (CIPS) has said that excessive restrictions on imports are ineffective in reducing the price of food commodities needed by many people.
Bank Indonesia Estimates GDP Growth at 5.05% in 2017, 6% by 2022
The central bank of Indonesia (Bank Indonesia) stated on Thursday (28/12) that it expects to see Indonesia’s economic growth at 5.05 percent year-on-year (y/y) in full-year 2017, up modestly from 5.02 percent (y/y) in the preceding year.
— Indonesia Investment
REI optimistic house sales would increase in 2018
The Central Java branch of the Real Estate Indonesia (REI) said it is optimistic that house sales would increase in 2018 as a result of marketing drive by developers.
Jokowi Pursues Infrastructure Development to Boost People’s Economy
From the beginning of being appointed head of state in 2014, Joko Widodo (Jokowi)-Jusuf Kalla (JK) Government accelerated infrastructure directly from eastern Indonesia.
— Netral News
Miners Invest $5b in Indonesia Nickel Smelters in First 10 Months
Thirteen mining companies have invested a combined $5.03 billion in the construction of nickel smelters during the first 10 months of this year to comply with Indonesian government requirements, an official at the Ministry of Energy and Mineral Resources said.
Japan’s Gakken to launch after-school classes in Indonesia
Japanese education company Gakken Holdings will start after-school educational services for elementary school students in Asia, with the aim of providing services for about 50,000 children within five years.
— Nikkei Asian Review
Indonesia’s December Headline Inflation Rate Seen at 3.4 Percent Y/Y: Reuters Poll
Indonesia’s headline inflation rate is expected to have risen slightly in December, the first rise after five months of falls but stayed within the central bank’s target range, a Reuters poll showed.
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.
She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018