Indonesia Morning News For December 5

Indonesia Morning News For December 5

Indonesia morning newsGaruda Indonesia cancels flight due to lack of available pilots
National flag carrier Garuda Indonesia canceled a flight from Singapore Changi Airport to Soekarno-Hatta International Airport on Sunday due to a lack of available pilots. The plane was scheduled to depart at 10 p.m. Singapore time.
— The Jakarta Post

Banks need to distribute new debit cards after payment gateway launched
With the establishment of the national payment gateway Gerbang Pembayaran Nasional (GPN), banks need to distribute new debit cards that work using the gateway to help their customers reduce inter-bank transaction costs.
— The Jakarta Post

Tax’ Positive Realization Pushes Rupiah Stronger Early Month
Opening of trading at the beginning of the month, Monday (12/4/2017) saw the rupiah exchange rate moved higher in the green zone against the United States (US) dollar.
— Netral News

Indonesia Nov inflation rate falls to lowest in nearly a year
Indonesia’s annual inflation rate fell for a fifth consecutive month in November, reaching its lowest since December 2016, the country’s statistics bureau data showed on Monday.
— Business Times

Exclusive: Indonesia commodity player & LP Gunung Sewu sets sights on fintech, big data
Indonesia-based commodity player Gunung Sewu appears to have the country’s still-nascent startup industry like a fog: no one notices it at first, but it rises and rises, and suddenly, it’s everywhere.
— DealStreetAsia

Indonesia’s Oct foreign tourist arrivals up 2.7 pct
Indonesia received 938,250 foreign tourists in October, up 2.70 percent from the same month last year, the statistics bureau said on Monday.
— Reuters

Domestic Toy Industry Generates Investments Worth Rp135 billion
Industry Minister Airlangga Hartanto said that Indonesia’s domestic toy industry has generated investments amounting to US$10 million or Rp135 billion.
— Tempo

Business and Investment in Indonesia without Hassle
The government’s hard work, which was supervised by the Office of the Coordinating Minister for Economic Affairs and Investment Coordinating Board of the Republic of Indonesia (BKPM), has resulted in the improvement of the country’s ease of doing business (EODB) rating.
— The Jakarta Post

Indonesia to collect 90% of tax revenue target: CITA executive
Center for Indonesia Taxation Analysis (CITA) executive director Yustinus Prastowo has estimated that, by the end of this year, the Directorate General of Taxation will collect 90 percent of the tax revenue target of Rp 28 quadrillion (US$89.85 billion).
— The Jakarta Post

Pertamina to Build Solar Power Generating Plant in E. Kalimantan
State-owned oil and gas company Pertamina will build a solar power generating plant (PLTS) with a total capacity of 4 MWp (Megawatts peak) at a cost of Rp67 billion in East Kalimantan.
— Tempo

Sluggish Retail Market, Ramayana Strengthens Store Expansion with New Concept
The weakening of the retail sector does not make business operators stop expanding, like what is done by PT Ramayana Lestari Sentosa Tbk (RALS.JK).
— Netral News

Mount Agung`s Eruption to Cause Rp9tn Losses: Minister
Indonesia`s tourism sector will suffer losses worth around Rp9 trillion in foreign exchange following the eruption of Mount Agung in Bali since the end of November, said Tourism Minister Arief Yahya.
— Tempo

Offline stores are still important: aCommerce
HAVING securing its Series B round, Thailand-based e-commerce enabler and e-distributor aCommerce, shared insights on e-commerce trends, especially in Indonesia.
— Digital News Asia

Asia Pacific’s rich-poor gap widens fastest in China, Indonesia
One stereotype of Asian cities such as Jakarta and Manila is a stark juxtaposition between sprawling slums and gleaming shopping malls stocked with luxury goods — an image with some accuracy, going by a new World Bank report.
— Nikkei Asian Review

 

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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 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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