Indonesia Morning News For July 12

Indonesia Morning News For July 12
Estimated Reading Time: 4 minutes |

Indonesia morning news

Indonesia to bring home tax money parked in Singapore
The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country.
— The Jakarta Post

Jokowi signs regulation banning Hizbut Tahrir
President Joko “Jokowi” Widodo has signed a regulation in lieu of law (Perppu) to ban Hizbut Tahrir Indonesia (HTI), an Islamic organization seeking to establish a global Islamic caliphate.
— The Jakarta Post

Govt seeks Rp 467.3t deficit increase for infrastructure development
The government is seeking to increase the budget deficit by Rp 467.3 trillion (US$34.91 billion) for development financing this year, as shown in the draft of the 2017 Revised State Budget under discussion by government officials and the House of Representatives.
— The Jakarta Post

Indonesia adds euro notes to US dollar sovereign bonds
The Republic of Indonesia [IDGOVT.UL], has added a euro-denominated tranche to the two dollar tranches of the bonds it began marketing earlier today.
— Nasdaq/ Reuters

Bank Indonesia to Start Taking Non-Dollar Swap Hedge
Indonesian central bank said on Tuesday (11/07) it will start entering into non-dollar currency swap hedging transactions with commercial banks to support efforts to broaden the use of foreign currencies across the economy.
— Jakarta Globe

Indonesia gives assurance 2015 haze will not recur this year
Indonesia has given the assurance that the massive forest fires that caused thick haze to blanket parts of the country and its neighbours in 2015 will not recur this year.
— Channel NewsAsia

Exclusive: Indonesia’s Fabelio, Kargo.co.id seeking investors for next fundraise
Jakarta-based niche e-commerce startups — online furniture marketplace Fabelio and on-demand logistics platform Kargo.co.id — are on a fundraising trail.
— Deal Street Asia

Indonesia Faces Worrying Lack of Blood Donors
Each year, Indonesia falls one million blood bags short of meeting its emergency medical needs due to a severe lack of volunteer blood donors.
— Jakarta Globe

Coal Mining Indonesia: Benchmark Price Rises in July 2017
Indonesia’s benchmark coal price (in Indonesian: Harga Batubara Acuan, or HBA) rose 4.6 percent month-on-month (m/m) to USD $78.95 per metric ton in July 2017. The HBA price, set by Indonesia’s Energy and Mineral Resources Ministry each month, is based on (1) the Platts Kalimantan (5,900 kcal/kg GAR assessment), (2) the Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR), (3) the Newcastle Export Index – formerly the Barlow-Jonker index (6,322 kcal/kg GAR) – and (4) the globalCOAL Newcastle (6,000 kcal/kg NAR) index.
— Hellenic Shipping News

Retail association urges govt to lift alcohol ban in minimarkets
The Indonesia Retail Association (Aprindo) is urging the government to lift a ban on alcohol sales from minimarkets amid slowing retail sales growth.
— The Jakarta Post

Indonesia sues Thai energy giant PTT for $2B over 2009 oil spill
Indonesia is suing an arm of Thailand’s biggest energy group, PTT, for the equivalent of more than $2 billion over a 2009 oil spill the archipelago country says damaged its environment and the health and livelihoods of local people.
— Mongabay.com

Indonesian consumers are less optimistic in June: Bank Indonesia
Indonesian consumers were less optimistic in June because of limited job availability and a belief things would not improve over the next six months, a survey by the central bank showed on Tuesday.
— The Business Times

Fishermen freed from forced labour in Indonesia face struggle to start over
Two years have passed since an AP investigation spurred the rescue of more than 2,000 enslaved fishermen, but many have struggled to start over.
— Toronto Star

Swiss Firm DKSH to Acquire Majority Stake in Indonesia’s Wico
Switzerland-based distribution company DKSH Holding plans to acquire the majority stake in Indonesian listed distribution company Wicaksana Overseas International, or Wico, in a bid to make inroads into Southeast Asia’s largest economy.
— Jakarta Globe

Indonesia – H1 biodiesel demand below target
The Energy Ministry said that biodiesel consumption under the mandates in the first six months of 2017 totalled around 1.48 bln litres (roughly 1.30 mln tonnes of FAME).
— AgraNet (subscription)

Malaysia’s Pasukhas Group To Buy 61% Stake In Indonesian Construction, Engineering Firm
Pasukhas Group, a Malaysian construction and engineering firm, said Tuesday it has signed a memorandum of understanding to buy a 61% stake in Indonesia’s PT Indomuda Satria Internusa for an undisclosed sum.
— Nikkei Asian Review (paywall)

Immigration Dept shoots down Indonesia’s request to extend E-Card programme
The Immigration Department has shot down Indonesia’s request to extend the Enforcement Card (E-Card) programme, stressing that the June 30 deadline was final.
— The Sun Daily

Garment Company Trisula Textiles to Go Public in Q3
West Java textile firm Trisula plans to go public in the third quarter this year and sell 20 percent of its shares to raise fresh funds and expand operations.
— Jakarta Globe

 

Feature photo Gunawan Kartapranata

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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Stella-maris Ewudolu

Stella-maris Ewudolu

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships.Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.
Stella-maris Ewudolu

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