Indonesia pushes for establishment of oil and gas holding company
The government will soon establish a state-owned oil and gas holding company led by state-owned energy firm Pertamina, according to an official, as reported by tribunnews.com.
— The Jakarta Post
Easy cash ends for Indonesia state firms
Indonesia is shutting off the public funding tap for state-owned companies, pushing them to turn to the markets for capital.
— The Star Online
Central bank cuts merchant discount rates for debit card transactions
Bank Indonesia reduced Tuesday merchant discount rates (MDR) to 1 percent from between 2 and 3 percent for debit card transactions made using ATMs and electronic data capture (EDC) machines.
— The Jakarta Post
Indonesia plan to buy Rio copper stake could be win-win
Indonesia said on Tuesday it plans to acquire Rio Tinto’s stake in the Grasberg copper mine operated by Freeport-McMoRan Inc, potentially solving a drawn-out problem for all three parties.
Honda, Yamaha bike distributors say to appeal Indonesia price-fixing ruling
Indonesia’s biggest motorbike distributors, PT Astra Honda Motor (AHM) and PT Yamaha Indonesia Motor Manufacturing, said on Tuesday they will appeal a price-fixing ruling after a Jakarta court upheld an earlier verdict by the nation’s anti-monopoly agency.
— Business Recorder
Indonesia’s War on Illegal Fishing Nets New China Vessel
The move indicates Jakarta’s insistence on pursuing what has become a key priority.
— The Diplomat
Ministry of Industry Drafts Regulation on Emergency Handling of Industrial Chemicals
The Ministry of Industry is drafting a regulation concerning the emergency handling of industrial chemicals. Regulations to be contained in this Regulation of the Minister of Industry emphasize on the standardization of personnel, equipment, training and certification in companies or industrial estates.
— Netral News
Govt Acknowledges Failure to Reach Housing Target
The Public Works and Housing Ministry acknowledged realization fall short of target to build one million units of houses per year.
Dentsu Aegis buys Indonesian digital marketing firm Valuklik; East Ventures exits
East Ventures has struck its third exit this year with the sale of its interest in Jakarta-based digital marketing firm Valuklik to Dentsu Aegis Network for an undisclosed sum.
Instagram Helps Flourish Indonesian SMEs
Instagram is not only known for its use as an image-based social media application but it is also known to be the medium of choice for the business community.
Indonesia Says Int’l Cooperation Key to Tap Opportunities in Creative Economy
Indonesia wants to foster international cooperation based on equal and reciprocal partnership to tap opportunities and overcome challenges in the growing creative industry, an official said on Tuesday (05/12).
Minister Budi to Draft Regulation on Drug-using Pilots
Transportation Minister Budi Karya Sumadi said he would draft a regulation for transportation personnel being involved in a drug case. Budi made the statement following a recent arrest of Lion Air’s pilot in Kupang.
Jakarta Transportation Body Lays Out Strategies to Fix the Capital’s $7b Traffic Problem
The Greater Jakarta Transportation Body, or BPTJ, an agency under the Ministry of Transportation that oversees transit issues in and around the capital, has prepared a comprehensive outline to reduce congestion in one of Southeast Asia’s largest metropolitan areas.
CMNP Opens Fifth Podjok Halal Outlet at IDX
Mohammad Jusuf Hamka, advisor to Citra Marga Nusaphala (IDX:CMNP) Group , has inaugurated the opening of the company’s fifth Podjok Halal outlet at the Indonesia Stock Exchange (IDX) Building on Tuesday (5/12/2017).
— Netral News
Jokowi Inaugurates New Soroja Toll Road in West Java
President Joko “Jokowi” Widodo officially opened a newly-built toll road connecting Soreang and Pasirkoja, abbreviated as Soroja, in Bandung, West Java, on Monday (04/12).
Feature photo ILO in Asia and the Pacific
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