Indonesia Morning News For July 21

Exemption of Oil & Gas Exploration Tax for Those Wanting to Invest in Indonesia
The Ministry of Energy and Mineral Resources exempts oil and gas exploration taxes for those who want to invest in Indonesia.
— Netral News

Tax DG: Tax Compliance in Indonesia Remains Low
The Tax Directorate General (Tax DG) at the Finance Ministry said that the tax compliance in Indonesia remains lower than other ASEAN countries.
— Tempo.co

Indonesia’s Neverending Freeport-McMoRan Saga
The drama started nearly two years ago, when Setya Novanto, the speaker of the Indonesian Parliament, was forced to resign after being caught trying to extort U.S. mining giant Freeport McMoRan, which was looking to extend its contract in Indonesia.
— The Diplomat

ADB Increases 2017, 2018 Growth Projections for Developing Asian Nations
The Asian Development Bank increased its 2017 and 2018 growth projection for “developing Asian nations” — referring to 45 economies in Asia and the Asia-Pacific region — due to higher-than-expected external demand.
— Jakarta Globe

Indonesia central bank keeps rates steady, sees slower second-quarter growth
Indonesia’s central bank on Thursday held its benchmark interest rate unchanged for a ninth straight policy meeting, although it said the economy likely grew more slowly than initially expected in the second quarter.
— Reuters

Indonesia Records 15,000 Cervical Cancer Cases Each Year
Some 21,017 Indonesian midwives have performed cervical cancer or IVA examinations on 91,349 women across 3,098 locations in Indonesia. The Head of Indonesian Midwives Association, Emi Nurjasmi, said in the Association’s 66th anniversary that healthcare professionals should continue to increase their skill and knowledge.
— Netral News

Indonesian Oil and Gas Sector: Foreign Investment and Dispute Resolution
Indonesia’s new Negative Investment List, as recently issued in Presidential Regulation No. 44 of 2016 regarding List of Business Fields that Are Closed and Business Fields that Are Open with Requirements in the Field of Capital Investment, stipulates the foreign shareholding limitations for various business fields.
— Lexology (registration)

Railway operator to arrange syndicated loan for Jakarta LRT
State-owned railway operator PT Kereta Api Indonesia (KAI) says it will soon establish a loan syndication for the development of the light rail transit (LRT) service in Greater Jakarta, following the disbursement of government funds for the project.
— The Jakarta Post

Indonesia’s ports dwell time slides to 3.6 days in H1
Dwell time at Indonesia’s seaports has slid back to 3.6 days in the first half of 2017 from 2.9 days in late 2016, local reports said.
— Seatrade Maritime News

LRT fare set at Rp 12,000
State-owned railway operator PT Kereta Api Indonesia (KAI) has decided on Rp 12,000 for the fare on light rail transit (LRT) lines in Greater Jakarta.
— The Jakarta Post

Indonesian healthcare relies heavily on imported equipment
Indonesia needs to reduce its dependency on imported healthcare equipment, an official has said.
— The Jakarta Post

Indonesia provides incentives for airlines to expand air connectivity
In a bid to expand its connectivity and arrivals of foreign visitors, Indonesia provided airport incentives for airlines willing to open new scheduled routes to Indonesia with initial implementation in Bali’s international airport.
— Xinhua

Indonesia Plans to Adjust Non-Taxable Income to Local Minimum Wage
Indonesia’s tax authorities are planning to revise the non-taxable income regulation again in an attempt to improve the nation’s low tax ratio.
— Indonesia Investments (press release)

The Important Keys to Winning Global Competition for Indonesia
President Joko Widodo (Jokowi) has outlined innovation, creativity, and entrepreneurship as the three keys to winning the global competition.
— Freightnet (press release)

Tokopedia confirms it is fund raising, does not reveal if talks are on with China’s JD.com
Indonesia’s PTTokopedia appears to have given away that it is set to bag a new round or investment. Recent reports have indicated that the country’s largest marketplace site is looking is in talks with Chinese e-commerce major JD.com – Alibaba’s largest rival – and the latter is set to pump in a “significant” amount, to the tune of hundreds of millions of dollars, into the platform.
— Deal Street Asia

Indonesia, Laos Celebrate 60 Years of Diplomatic Ties
Laos’ Foreign Minister Saleumxay Kommasith is due to visit Jakarta on July 26-29, where he and Indonesia’s Foreign Minister Retno Marsudi will attend the fifth Indonesia-Laos Joint Commission on Bilateral Cooperation, or JCBC, meeting, while observing the 60th anniversary of establishing diplomatic relations.
— Jakarta Globe

Feature photo Seika
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.

Indonesia Morning News For July 21 added by Stella-maris Ewudolu on July 21, 2017
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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.