ADB Continues Support for Indonesia’s Bid for More Inclusive Financial Sector
The FINANCIAL — The Asian Development Bank (ADB) has approved a $400 million policy-based loan to continue supporting the Government of Indonesia’s reforms to develop a more inclusive financial sector.
— The Financial
Stability of Fuel and LPG Supplies A Month after Lebaran in Indonesia
The Ministry of Energy and Mineral Resources (ESDM) through the National Center of Coordinating Ministry for Energy and Mineral Resources affirmed up to H + 3 (three days after) Lebaran on June 28, the availability of fuel oil and liquid petroleum gas (LPG) in a safe position.
Unilever Suspends Sourcing from Indonesian Palm Oil Supplier Amid Deforestation Allegations
Global consumer goods firm Unilever has suspended sourcing from an Indonesian-based palm oil supplier which was found to be in breach of policy on deforestation and peatland clearance.
— Sustainable Brands
June Inflation Seen Staying High on Ramadan Demand
Indonesia’s annual inflation rate likely stayed stubbornly high in June, a Reuters poll showed, as increased consumption during festivities surrounding the Muslim fasting month of Ramadan pushed up prices, and in turn inflation.
— Jakarta Globe
Indonesia Digest: B2B travel booking site BTI launched; Smart city app Qlue invests in Nodeflux
In a couple of startup developments in Indonesia, Golden Rama’s B2B travel site, Bisnis Travel Indonesia (BTI), has officially launched while smart city solutions provider Qlue has invested an undisclosed sum of money into Nodeflux, a smart devices developer.
— Deal Street Asia
Indonesia plans to launch new garlic regulations
Recently, the Indonesian government has been revising Article 11 in the regulations of the Ministry of Agriculture, “advice regarding the import of horticultural products”, in order to promote a self-sufficient garlic plan. It will be implemented on 1 July of this year. This act will affect the garlic producers in Zaozhuang, who export their produce to Indonesia.
— Fresh Plaza
Wildfires’ ‘killer haze’ tracked with Twitter as it spreads
When Indonesia’s peatlands burn, the thick smog that fills the air can be deadly. Haze from wildfires there last year may have led to more than 90,000 deaths, according to one US study.
— New Scientist
Indonesia Receives Satisfactory Marks in Extractive Resource Management: Index
Indonesia scored better than average in managing its extractive resources, reflecting good governance and adequate transparency, according to an index released by the New York-based Natural Resource Governance Institute (NRGI) on Wednesday (28/06).
— Jakarta Globe
Jakarta Set on Becoming Center of MSME Policy Making in Asia
Jakarta will soon become the center of micro, small, and medium enterprises (MSME) policy formulation in Asia through the initiation of a meeting of SME Ministers in Asia. The meeting is planned to be held regularly in the capital city of Indonesia.
No Report of Petya or Goldeneye Computer Virus in Indonesia, Yet: IT Ministry
Indonesians, including major companies in the country, are advised to take precautions against a possibly imminent global cyber-attack, the Communications and Informatics Ministry warned on Wednesday (28/06).
— Jakarta Globe
Maid suspected of Bedok murders will not be extradited
The maid arrested in connection with the Bedok double murder while she was on the run in Indonesia’s Jambi province will not be handed over to Singapore, said the Indonesian national police (Polri). But Indonesian investigators will work with their counterparts from the Singapore Police Force (SPF) to solve the crime, said a spokesman.
— The New Paper
Fitch Rates Indonesia’s Foreign-Currency Bonds ‘BBB-(EXP)’
Fitch Ratings has assigned Indonesia’s forthcoming foreign-currency bonds, issued under the republic’s global medium-term note programme, an expected rating of ‘BBB-(EXP)’. The Indonesian authorities have said the offering will comprise intermediate maturity euro-denominated bonds and/or intermediate- to long-dated US dollar-denominated bonds.
Home Ministry wants local governments to improve migration-related registry
The Home Ministry has called on local governments to actively supervise migration from rural to urban areas and to improve their civil registration systems because of a possible spike of city populations, especially Jakarta’s, following Idul Fitri.
— The Jakarta Post
Bank Maybank Indonesia, the local unit of Malaysia’s Malayan Banking, raised Rp 330 billion ($22.6 million) from issuing negotiable certificates of deposit (NCD) last week in order to strengthen the bank’s short term liquidity, a statement released by the lender said on Thursday (29/06).
— Jakarta Globe
The Effective Way to Increase Investors’ Confidence in Indonesia
Consumption is one of the sectors that become the mainstay for Indonesia to achieve economic growth. It also becomes an opportunity for retail industry in Indonesia to be able to grow rapidly.
Feature photo Midori
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.
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.