Indonesia Morning News For July 31

Indonesia Morning News For July 31

Indonesia morning newsIndonesia’s Largest Online Travel Startup Valued at $2 Billion
Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia’s largest online travel startup, a person familiar with the matter said.
— Netral News

Govt Begins Building Roads with Plastic Waste Mix in Bali
Government began to build roads using plastic waste mixed with asphalt in Jimbaran, Bali, on Saturday (29/7). Deputy coordinating minister of maritime affairs Safri Burhanuddin said that this technology is applicable to all roads in Indonesia.
— Tempo.co

Indonesia to import 75,000 tons of salt from Australia
The government has issued an import permit for state-owned salt producer PT Garam to import 75,000 tons of raw salt material from Australia. The salt will enter Indonesia through three ports on Aug. 10.
— The Jakarta Post

Sumatran Tiger Taken from Illegal Owners Will be Returned to the Wild
Leony, an eight-year old female Sumatran tiger currently in a 2,500 m2 rehabilitation enclosure, will have the opportunity to return to the wild through a rehabilitation program.
— Netral News

Tencent-backed Meituan-Dianping eyes Indonesia’s e-commerce market
Meituan-Dianping, China’s largest provider of on-demand services, is the latest firm from the country to have its interest piqued by Indonesia’s growing e-commerce market.
— Deal Street Asia

Vietnam asks Indonesia to probe shooting at sea
Vietnam has asked Indonesia to investigate and clarify reports that the Indonesian navy shot and wounded two Vietnamese fishermen in the South China Sea.
— The Star Online

PLN to enter internet business amid slowing sales
State electricity firm PLN plans to penetrate into the internet business by installing “smart meter boxes” in the houses of its 65.9 million customers nationwide amid declining growth in its electricity sales.
— The Jakarta Post

Indonesia should study electric cars: President
President Joko Widodo has said Indonesia should study and make calculation of electric cars to help address climate change impacts and preserve the environment.
— Antara News

Funding activity slowed & investable startups decreased in H1, Indonesia’s top VCs say
VC funding activity in the Indonesian startup market slowed in the first half of 2017, many local VCs observed, noting a ‘significant’ decrement in the number of investable startups, during a panel discussion that was hosted by East Ventures, an early-stage investment firm, that was part of the recently announced $500 million fundraising round in Traveloka.
— Deal Street Asia

Automotive Sector Growth Creates Multiplier Effect
The government, through the Ministry of Industry, says the growth of the automotive industry gives a wide multiplier effect, so it is important to spur the growth of this industry in Indonesia.
— Netral News

Energizing Indonesia’s energy sector
There can be no doubt about the potential of Indonesia’s energy potential, although potential is exactly what it is.
— The Jakarta Post

Favorable Media Coverage Somewhat Unlikely to Impact Aberdeen Indonesia Fund (IF) Share Price
Media coverage about Aberdeen Indonesia Fund (NYSE:IF) has been trending positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources.
— Markets Daily

Indonesian and Chinese police identify victims of cyber crime
Indonesian and Chinese police have identified the victims of cyber crime committed by an international syndicate from China operating in the country.
— Antara News

 

Feature photo Isabel Sommerfeld
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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

Journalist at AEC News Today
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.

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