Indonesia Morning News For June 2

Indonesia Morning News For June 2

Indonesia morning news

BRI, AGO partner to fight banking crimes
State-owned lender PT Bank Rakyat Indonesia (BRI) signed a memorandum of understanding (MoU) and several agreements with the Attorney General’s Office (AGO) in Jakarta on Wednesday to fight against banking crimes.
– The Jakarta Post 

Indonesia April palm, palm kernel oil exports rise 4 pct m/m -assoc
Indonesia’s palm and palm kernel oil exports rose 4 percent in April from the month before, the Palm Oil Association (GAPKI) said in a statement late on Wednesday. Indonesia exported 2.57 million tonnes of palm and palm kernel oils in April, up from 2.47 million tonnes in March.
Hellenic Shipping News 

Growing Regional Threat Following Twin Bomb Attacks in Kampung Melayu
Southeast Asian terrorism experts see a thread between recent attacks and progress in rooting out the Islamic State group from its Middle Eastern strongholds. Even unrelated organizations, they warn, may be increasingly motivated to lash out in solidarity.
– Netral

Govt Auctions Geothermal Work Areas in July
The government will be auctioning geothermal work areas in July following the issuance of a ministerial regulation on auction procedure.
– Tempo

Indonesian edtech startup Ruangguru in talks to raise Series B
Indonesian education technology (edtech) startup Ruangguru is in advanced discussions to secure Series B funding, according to two people aware of the development.
– Deal Street Asia

Jakarta and Lapan Cooperate to Improve City Development
The Jakarta Provincial Government has agreed to cooperate with National Institute of Aeronautics and Space (LAPAN). It is marked by an agreement signing from Acting Jakarta Governor, Djarot Saiful Hidayat along with LAPAN Head, Thomas Djamaluddin.
– Tempo

If you are looking at consumer internet, it has to be Indonesia: Axiata Digital
Malaysian telecom major Axiata Group’s digital services arm Axiata Digital is betting big on Indonesia as the next engine of growth for Southeast Asia, CEO Mohd Khairil Abdullah told DEALSTREETASIA in a recent interaction.
Deal Street Asia 

Indonesia tobacco bill would open tap for ads aimed at kids, health official says
A proposed Indonesian tobacco law will roll back regulations to discourage smoking in a country that already has one of the highest smoking rates in the world and open the floodgates to advertising aimed at teenagers, a health ministry official said.

Govt Expects ICP at US$50 per Barrel
The Finance Ministry predicted that the Indonesian Crude Price (ICP) would reach US$50 per barrel this year, which is higher than that assumed in the 2017 State Budget at US$45 per barrel.

Moody’s assigns Baa3 to RI’s Samurai bonds
Moody’s Investors Service has assigned Baa3 ratings to Japanese yen-denominated bonds, which will be issued by Indonesia. The senior unsecured debt was rewarded with a positive outlook.
The Jakarta Post 

Prosecutor Seeks 6-Year Prison Term for Siti Fadilah
Public prosecutor of the Corruption Eradication Commission (KPK) Iskandar Marwanto is seeking six-year prison term and Rp500 million fine, with subsidiary sentences of 6 months, for Siti Fadilah Supari in a graft case in connection with a procurement of health device.
– Tempo

Panasonic’s housing firm to develop smart town in Indonesia
PanaHome Asia Pacific Pte Ltd — a housing company of the Panasonic Group — has entered into an agreement with PT Puradelta Lestari to establish a joint venture company, PT PanaHome Deltamas Indonesia, with an aim of building a residential estate through a sustainable smart town concept.
The Jakarta Post 

Govt to Issue Regulation on Vehicle Age
Transportation Minister Budi Karya Sumadi plans to regulate bus and truck age. Vehicle age is seen as a factor that contributes to the level of road traffic safety. “We already know that at a certain age the effectiveness of functions of organs that ensure road traffic safety will decline,” Budi Karya said in Jakarta yesterday.
– Tempo

Consumption is Strong in Smaller Cities of Indonesia
One weekend in late May, car dealerships in Singapore’s Queenstown were packed with families and middle-aged couples hunting for new cars. Brochures in hand, a 50-year-old businessman had been visiting showrooms of upscale brands such as BMW and Volvo, looking for a second auto.
Netral English 

The Application to Support the Joint Program between the Ministry and KPK
The Ministry of Energy and Natural Resources here on Wednesday launched an application to provide an integrated geospatial information on several sectors, including oil, gas, power, geology, resources potentials, and energy reserves.
Netral English 

Indonesia hopes to bring back past glory
After decades of decline in the world’s markets, Indonesia aims to revive its past glory and reclaim its lost position as a major supplier of spices.
The Jakarta Post 

Electronicfication of All Toll Roads in Indonesia Changes the Business Model
The Public Works and Public Housing Ministry (PUPR), in cooperation with Bank Indonesia, will establish an electronic toll collection (ETC) consortium to set up a non-cash payment system on toll roads, which is targeted to operate thoroughly in Oct 2017.
— Netral English

Plantations International Opens Agarwood Visitors Centre in Indonesia
Plantations International, through its local Indonesian subsidiary PT Gaharu Kapita Indonesia, has just opened its brand-new Agarwood visitors centre on its state-of-the-art agarwood plantation Yogyakarta, Indonesia.
PR Newswire

Fast Asia Open: S Korea Q1 GDP final reading, Indonesia consumer inflation
President Donald Trump has announced he will pull the US out of the Paris climate accord, prompting widespread criticism from allies and business leaders as America is set to become one of only three nations to oppose the 2015 global pact to combat climate change.
— Financial Times

Letter on Police Raids Against LGBT People in Indonesia
We write to express concern about a pattern of police action against lesbian, gay, bisexual, and transgender (LGBT) people in Indonesia that is both discriminatory and undermines the fundamental right to privacy. This is evident in recent police raids in Surabaya and Jakarta and in a recent statement by the West Java police chief.
Human Rights Watch 


Feature photo David Stanley
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).


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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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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