Indonesia Morning News For December 4

Indonesia Morning News For December 4

Indonesia morning newsEU asking for ‘trade war’ with palm oil curbs: Indonesian minister
Southeast Asia’s palm oil exporters have the means to retaliate if the European Union imposes restrictions on the commodity, Indonesia’s trade minister warned on Wednesday in an exclusive interview with the Nikkei Asian Review.
— Nikkei Asian Review

Govt Seeks More Possibility to Export Tea to Europe
The Indonesia Tea Trade Mission (ITTM) comprising government officials and stakeholders left for Europe to pay a week-long visit aimed at increasing the market access of Indonesian tea to the continent.
— Tempo

Indonesia’s Liberal Democratic Reforms’ Slide to a ‘Neo-New Order’
On 16 September, police broke up an academic discussion at the offices of renowned activist NGO the Jakarta Legal Aid Foundation (LBH).
— AEC News Today

Pertamina’s bind shows perils of petrol price controls
Indonesia’s state-owned oil and gas company Pertamina took the unusual step in its recent earnings briefing of blaming the government’s fuel price policy for robbing it of a significant amount of profit.
— Nikkei Asian Review

New Taxman Robert Pakpahan Takes Office
Veteran Finance Ministry official Robert Pakpahan has become the new tax director general, replacing now retired Ken Dwijugiasteadi.
— JakartaGlobe

PLN to generate 1,695 MW from Rp 16.9 trillion projects
State electricity firm PLN targets adding 1,695 megawatts (MW) of electricity to its Java-Bali system within the next two years through the development of three power plants in the western part of Java island with a combined investment of Rp 16.9 trillion (US$1.24 billion).
— The Jakarta Post

Tax office collects 78% of revenue target as of November
Director General of Taxation Ken Dwijugiasteadi said on Thursday that as of Nov. 30, his office had collected 78 percent of the Rp 1.28 quadrillion (US$89.85 billion) targeted tax revenue for 2017.
— The Jakarta Post

Indonesia: Food delivery startup Kulina to close second seed round of over $500k by Jan
Jakarta-based online food ordering and delivery company Kulina aims to close its second seed round of over $500,000 by January 2018, its management told this portal in an exclusive interaction.
— DealStreetAsia

Pelindo III to issue global bonds worth $1 billion
State-owned port management company PT Pelindo III will issue global bonds worth US$1 billion to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Denpasar, Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, West Nusa Tenggara (NTB).
— The Jakarta Post

Susi Expects Indonesia Become Largest Ornamental Fish Exporter
Maritime Affairs and Fisheries Minister Susi Pudjiastuti said Indonesia is expected to be the largest ornamental fish exporter in the world.
— Tempo

Indonesia Will Officially Ban Bitcoin and Other Cryptocurrencies
A lot of countries around the world are deliberating how they should treat Bitcoin and other cryptocurrencies.
— The Merkle

Asset Securitization Needed to Support Domestic Infrastructure Developments
Capital market analyst Reza Priyambada from Binaartha Sekuritas considers securitization of assets to be a strategy to achieve financing for State-Owned Enterprises (SOE) and private companies.
— Netral News

Indonesia: flights resume amid fears of impact on tourist trade
Flights have resumed between Bali and Australian airports after a lingering volcanic ash cloud left thousands stranded.
— Euronews

Trade Ministry Joins Hands With Aprindo and Iwapi to Give MSMEs Access to Modern Retailers
The Ministry of Trade, the Association of Indonesian Retailers, or Aprindo, and the Indonesian Business Women’s Association, or Iwapi, signed a cooperation agreement aimed at allowing small businesses gain access to modern retailers.
— JakartaGlobe

President Jokowi Set to Inaugurate Soreang-Pasir Koja Toll Road
President Joko ‘Jokowi’ Widodo will inaugurate Soreang-Pasir Koja (Soroja) Toll Road in Soreang, Bandung Regency, West Java, on Monday (12/04/2017).
— Netral News

Traffic Congestions in Greater Jakarta Cause Losses of IDR100 Tln
Based on data from the National Development Planning Agency (Bappenas), losses due to traffic congestion increase each year. Traffic congestion in Jakarta has caused losses of IDR67.5 trillion this year, while the losses in Greater Jakarta touch IDR100 trillion.
— Netral News

 

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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 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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