Indonesia Morning News For December 8

Indonesia Morning News For December 8

Indonesia morning newsIndonesia’s Most Corrupt City: Medan, But Bandung Top For Tea Money
Business owners looking to set up shop in Indonesia are probably best advised to give the Sumatran capital of Medan and the West Java capital of Bandung a miss.
— AEC News Today

Bank Indonesia declares bitcoin payment illegal
Indonesia’s central bank on Thursday said it had issued a new regulation prohibiting the use of cryptocurrencies — including bitcoin — in the country, as their rising popularity has raised concerns over unwanted impacts on the economy.
— Nikkei Asian Review

Indonesia in energy crisis: Pertamina director
Upstream director Syamsul Alam of state-owned energy firm Pertamina has called on the government to declare that the country is facing an energy crisis, as it is now a net oil importer and would soon become a net gas importer, kompas.com reported on Wednesday.
— The Jakarta Post

Government plans to impose progressive royalty on mining
The government is planning to impose a progressive increase rate on royalties of gold, copper, and silver mining commodities, in its efforts to increase state revenues from the mining sector.
— Antara

Creative Economy Drives Indonesia into World`s Top 4 Economies
Indonesia`s stable and increasing economic growth will drive the country`s economy occupy the 4th largest position in the world in 2050.
— Tempo

Indonesian consumers more optimistic in November
Indonesian consumers were more upbeat in November than October because of improved economic conditions and ability to purchase durable goods, a central bank survey showed on Thursday.
— Business Times

Indonesia opposes US` recognition of Jerusalem as Israel`s capital
US President Donald Trump on Wednesday formally recognized Jerusalem as the capital of Israel sparking commotion across the Muslim world.
— Antara

Magelang to Export Canned Tempe to the Czech Republic
About 100,000 canned tempeh produced by small and medium-sized enterprises (SMEs) in Magelang will be exported to the Czech Republic, Central Java Governor Ganjar Pranowo stated in his tweet.
— Tempo

House: This Year End Tax Target of 90 Percent is Already Good
Member of House Commission XI Muhkhamad Misbakhun assessed the government’s tax target until the end of the year will reach 90 percent.
— Netral News

Gojek CEO Nadiem Makarim: We are planning an IPO
Ride-hailing company Gojek Indonesia is planning an initial public offering (IPO).
— Tempo

Indonesia’s Go-Jek to ride into Philippines next year
Indonesian motorbike-hailing start-up Go-Jek plans to set up operations in the Philippines early next year, with other South-east Asian countries to follow later that year, said the firm’s chief technology officer yesterday.
— The Straits Times

WorldRemit Raises $40M and Targets Indonesia Expansion
Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of global growth, including an expansion of its Indonesia operation.
— Business Wire

Seven ministries involved in ‘village vehicle’ development
Seven ministries will be involved in the development of “village vehicles” , which will be sold for between Rp 60 million (US$4,428) and Rp 80 million, the Industry Ministry’s director general for small and medium enterprises, Gati Wibawaningsih, has said.
— The Jakarta Post

Airport train fare to be around Rp 70,000 to Rp 80,000: Minister
Transportation Minister Budi Karya Sumadi has said fares for the new railway linking Soekarno-Hatta International Airport in Tangerang, Baten to inner Jakarta will be around Rp 70,000 (US$5.16) to Rp 80,000.
— The Jakarta Post

Bali’s volcano takes its toll on resort island’s business
The rumbling, ash-spewing volcano on the eastern edge of Bali is sending shock waves through the local economy.
— Nikkei Asian Review

Japanese MUFG expected to begin buying Danamon stake early next year
Indonesia’s financial regulator expects Mitsubishi UFJ Financial Group Inc. to begin accumulating a stake in PT Bank Danamon Indonesia early next year, as Japan’s biggest bank expands in the most populous Southeast Asian nation.
— The Jakarta Post

Ministry to Sanction Lion Air Pilot Tests Positie for Drugs
The Transportation Ministry will impose a sanction against a pilot of budget carrier Lion Air who has tested positive for drugs.
— Tempo

Bulog: Rice Stock Adequate Up to April 2018
People are asked not to worry about basic needs such as rice due to the Ministry of Agriculture warranty if the stock is enough until the end of this year.
— Netral News

National Online Shopping Day eyes Rp 4.95t transactions
National Online Shopping Day (Harbolnas), which will be held on Dec. 12, is eyeing Rp 4.95 trillion (US$365.9 million) in transactions, a 50 percent increase from last year’s sales of Rp 3.3 trillion, organizers have said.
— The Jakarta Post

KPK: Minister Susi such a Wonder Woman Combating Corruption
The Corruption Eradication Commission (KPK) discloses the performance of Minister Susi in combating corruption practices in the ranks and the scope of the ministry in particular.
— Netral News

 

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.

 

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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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