Indonesia Morning News For June 23

Indonesia Morning News For June 23

Indonesia morning news

World Bank’s Financing Arm to Lend BTPN $100m
The International Finance Corporation — the World Bank’s financing arm for the private sector — will provide $100 million in financing and microfinancing for mid-sized lender Bank Tabungan Pensiunan Nasional (BTPN), according to a statement released on Thursday (22/06).
— Jakarta Globe

Duterte to discuss with Widodo about IS presence in the Philippines
Philippine President Redrigo Duterte was expected to discuss over the phone with his Indonesian counterpart, Joko Widodo, on Wednesday about the reported claim of the presence of more than 1,000 IS operatives in the Philippines, according to The Manila Times Online report on Thursday.
— Thai PBS

Bali‘s Economic Growth Higher than Indonesia‘s Economic Growth
The representative office of Bank Indonesia for Bali said the economy of the province is predicted to grow 6.19 – 6.59 percent in the third quarter of this year.
— Netralnews

BNN Arrests Lion Air Pilot After Testing Positive for Cannabis
Another scandal involving drug abuse by an Indonesian airline pilot surfaced this week, raising safety concerns as the country prepares for the massive annual Idul Fitri exodus.
— Jakarta Globe

Indonesia’s 7-Eleven operator to shut all stores
Modern Internasional, the parent company of Indonesia’s 7-Eleven franchise operator, on Thursday said it would close all of the unit’s convenience stores by June 30 due to “limited resources to support operations.”
— Nikkei Asian Review

IoT, 5G and Big Data on Agenda as Communic Indonesia Returns for 2017
The explosive growth of the Internet of Things (IoT), the role of satellite connectivity and the evolution of 4G, 5G and LTE technologies will be some of the key talking points discussed by leading industry names at this year’s Communic Indonesia.
— BW Businessworld

Trilateral Pact Leads Indonesia to Optimism in Goal of Countering Terrorism
Governments of Indonesia, Malaysia and the Philippines during a trilateral meeting in Manila, Thursday, reaffirmed their commitment in enhancing cooperation in addressing the common threats of terrorism and violent extremism confronting the region.
— Netralnews

Indonesian Muslims condemn Marawi militants
Muslims from across Indonesia have condemned the ongoing siege sparked last month by so-called Islamic State (IS)-linked gunmen in Mindanao’s Marawi City in the southern Philippines, saying it goes against all Islamic teachings.
— UCA News

Ahok Will Not Be Moved to Cipinang Prison Due to Security Concerns
Former Jakarta governor Basuki “Ahok” Tjahaja Purnama will not be moved to Cipinang Prison in East Jakarta to serve his two-year sentence for blasphemy, due to security concerns. He will instead be kept at the Police Mobile Brigade detention center in Depok, West Java.
— Jakarta Globe

National Police Arrest 40 Alleged Terrorists Ahead of Idul Fitri Holiday
National Police chief Gen. Tito Karnavian has confirmed the arrest of 40 suspected terrorists following last month’s suicide bomb attack in East Jakarta.
— Jakarta Globe

Prosecutors in e-ID case demand former Home Ministry officials be jailed
Corruption Eradication Commission (KPK) prosecutors have demanded that the Jakarta Corruption Court’s judge panel sentence two former Home Ministry officials to prison over their alleged involvement in the e-ID graft case.
— The Jakarta Post

Bank Indonesia sets chip technology standard for ATMs, debit cards
Bank Indonesia has set National Standard Indonesian Chip Card Specification (NSICCS) as the country’s technology benchmark for ATMs and debit cards of all card providers across the country.
— The Jakarta Post

Indonesia arrests 41 suspected militants since May attack
Indonesian police announced Thursday they have arrested 41 suspected militants following last month’s twin suicide bombings in the capital that killed three policemen.
— Times Colonist

Indonesia Based O2O Ecommerce Startup Kioson Raises $450K Funding To Take On Kudo
Indonesia-based O2O ecommerce startup Kioson has raised about $450K funding from Mitra Komunikasi Nusantara (MKN).
— Inc42 Media

Indonesian P2P Fintech Startup Modalku Becomes Fully Registered With the OJK
Modalku, an Indonesia-based peer-to-peer lending fintech startup, announced this week it is now fully registered with the Otoritas Jasa Keuangan (OJK). Founded in 2016, Modalku describes itself as an online marketplace for small businesses to acquire loans and for lenders to fund small business loans to earn returns.
— Crowdfund Insider

Financing spotlight: Blue Abadi, a $38-million trust fund to support MPAs in the Bird’s Head region of Indonesia
In September 2016, several institutions — Conservation International (CI), The Walton Family Foundation, the Global Environment Facility, The Nature Conservancy (TNC), and World Wildlife Fund (WWF) — announced a joint effort to support long-term protection of Indonesia’s Bird’s Head region, a highly diverse marine area in West Papua, Indonesia.
— MPA News

 

Feature photo Merdeka Online
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

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.

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