Indonesia Morning News For December 29

Indonesia Morning News For December 29

Indonesia morning newsIndonesia’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.
— JakartaGlobe

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.
— Antara

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.
— Xinhua

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.
— Antara

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.
— Antara

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.
— JakartaGlobe

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.
— JakartaGlobe

 

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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