Indonesia Morning News For July 26

Indonesia Morning News For July 26
Estimated Reading Time: 4 minutes |

Indonesia morning newsWorld Bank: Indonesia needs $500 bln in 5 yrs to plug infrastructure gap
World Bank Group President Jim Yong Kim said on Tuesday that Indonesia needs to nearly double its public spending on infrastructure and bring in more private investment to fill an infrastructure gap of $500 billion in the next five years.
— Reuters

Government debts reach Rp3,706 trillion as of June 2017
The Indonesian governments debts have reached Rp3,706.52 trillion as of June 2017, most of which has come from loans used to meet the target of economic and development growth in various sector, according to the Finance Ministry.
— Antara

New Regulation will Allow Tax Office to Access Indonesian Bank Accounts
The House of Representatives (DPR) will on Thursday (27/7) ratify a special government regulation, legalizing the access to information relevant to the accounts of banking customers in Indonesia, ending bank secrecy in the country.
— Global Indonesian Voices

Indonesia Flags Risk of Forest Fires That Triggered 2015 Haze
Indonesia sees the risk of forest and land fires increasing until the peak of dry season in September, reigniting concerns of a repeat of 2015 haze that enveloped much of Southeast Asia.
— Bloomberg

Indonesia Palm Oil Output, Exports Likely Fell in June
Indonesia’s crude palm oil output and exports likely declined in June as Ramadan celebrations in the Muslim majority country curtailed palm harvesting and processing, a Reuters survey showed.
— Jakarta Globe

Indonesia targets Nigerian market: Minister
Trade Ministry is now targeting the Nigerian market to serve as the alternative for exporting the Indonesian products, Trade Minister Enggartiasto Lukita stated here on Tuesday.
— Antara

Rodrigo Duterte pushing Philippines’ drugs market to Indonesia, anti-narcotics chief says
Indonesia’s anti-narcotics chief has declared Indonesia to have the “biggest” illicit drugs market in the world, revealing 72 international drug syndicates were detected last year.
— ABC Online

Indonesia open to rejoining OPEC if not forced to cut: minister
Indonesia is open to rejoining the Organization of the Petroleum Exporting Countries as long as it is not forced to curb its own crude oil production, the nation’s energy and mineral resources minister said on Tuesday.
— Reuters

Indonesia Prepares 57 Tons of Medicines for Hajj Pilgrims
The government has sent 57 tons of medicines to overcome Indonesian hajj pilgrims health problems when they perform hajj pilgrimage in Saudi Arabia this year.
— Tempo.co

Ratings upgrade no boon for Indonesia stocks as investors seek value elsewhere
Indonesia hoped that Standard & Poor’s upgrade of its rating to investment grade would entice foreign funds into its stock market. Instead, it is struggling to stem significant outflows.
— Nasdaq

Investors Scramble to Deal with a controversy over Indonesian Rice Scandal
The police allege that Tiga Pilar’s subsidiary Indo Beras Unggul bought subsidized rice from farmers, repackaged it as premium-brand rice and sold it to consumers at a higher price.
— Netral News

Industrial Estates in Indonesia: Sales Rose in First Half 2017
Sales of industrial estates in Indonesia rose 33 percent year-on-year (y/y) in the first half of 2017. Sanny Iskandar, Chairman of the Industrial Estate Association (HKI), said sales of industrial land in the first half of this year reached 120 hectares. That figure exceeded total sales of 90 hectares in the same period one year earlier.
— Indonesia Investments (press release)

Japan ready to sign loan agreement for Patimban port
The Japan International Cooperation Agency (JICA) has said it is ready to sign a loan agreement with the Indonesian government to finance the Patimban port project in West Java.
— The Jakarta Post

What Indonesia Can Do to Cut Prices of Rice
The distribution chain of rice should be cut in an attempt to bring down the prices, an official said. “Long distribution chain should be shortened whether it is transferred to the producer or the final buyer,” The Business Competition Supervisory Commission (KPPU) chairman Syarkawi Rauf, said here on Tuesday.
— Netral News

Distribution chain of rice should be cut: KPPU
The distribution chain of rice should be cut in an attempt to bring down the prices, an official said.
— Antara

State-owned university reports gay FB support group to police for using their name, saying they ‘reject’ LGBT
Universitas Brawijaya (Unibraw) in Malang, East Java reported a Facebook support group for gay students to the police for using the institution’s name without permission – a move that exposes the discriminatory views of those who run the state-owned university.
— Coconuts Jakarta

 

Feature photo Seika
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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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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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