Indonesia Morning News For June 5

Indonesia Morning News For June 5

Indonesia morning news

Japan‘s Commitment to Fasten Jakarta-Surabaya Railway Development
Japanese Ambassador to Indonesia Masafumi Ishii said Indonesia and Japan are committed to accelerating the development of medium-speed railway facilities for the Jakarta-Surabaya route.
Netral English 

Russian Investor Eyeing Oil Projects in Tanjung Api-api SEZ
Enoh Suharto Pranoto, the secretary of the National Council on Special Economic Zone (SEZ) said Russian investor is eyeing oil projects in Tanjung Api-api SEZ in South Sumatra.

Bank Mandiri targets Singapore private wealth
Indonesia’s Bank Mandiri wants to develop a foothold within Singapore’s private banking space, according to local reports.

Indonesia banks expected to enter Philippines next year
New partnership: Financial Services Authority (OJK) chairman Muliaman Hadad (right) shakes hands with Bangko Sentral ng Pilipinas Governor Amando M. Tetangco after signing a letter of intent in Jakarta on Sunday.
The Jakarta Post 

Indonesia welcomes 1.14 million foreign tourists in April
Indonesia saw 1.14 million tourist arrivals in April, a 7.09 percent increase from March, according to a report from the Central Statistics Agency (BPS).
The Jakarta Post 

Indonesia: 1,200 IS militants in Philippines
There are about 1,200 Islamic State (IS) operatives in the Philippines, including foreigners, said Indonesian Defence Minister Ryamizard Ryacudu on Sunday (June 4) amid an ongoing siege in the southern Philippine city of Marawi.
Bangkok Post 

Indofood Sukses to Boost 2017 Capex by Nearly 20% Amid Strong Consumer Demand
Indofood Sukses Makmur plans to boost capital expenditure by 19.7 percent this year to expand its business, the consumer goods giant said.
Jakarta Globe 

Govt Upbeat to Have 1,000 Digital Companies by 2020
The government are optimistic that 1,000 Startup Digital National Movement kicked off since 2016 will result in the establishment of 1,000 digital companies in Indonesia by 2020.

Framework Set to Support Indonesian Banks‘s Expansion in SEA Region
The Financial Services Authority (OJK) plans to expand banking access to the Philippines by signing a Letter of Intent (LoI) with the country’s central bank, Bangko Sentral ng Pilipinas (BSP).
Netral English 

Zero-dollar Exit Tax on CPO Imposed by Indonesian Gov‘t
The government has imposed a zero-dollar exit tax for crude palm oil (CPO) in June 2017, because the price of the commodity fell below US$750 per metric ton.
Netral English 

An FTA with Indonesia would remove roadblocks to trade flow
Christopher Koch’s 1978 novel, The Year of Living Dangerously, set in Indonesia in the tumultuous Sukarno era, sparked the imagination of many Australians about our nearest neighbour, so proximate geographically, yet so distant politically and culturally.
The Australian 

Indonesia Seeks to Attract Japanese Golfers
The Ministry of Tourism will hold the 2017 Indonesia Sales Golf Mission in Katori, Japan, on Thursday (08/06).
Jakarta Globe 

Rockwills Group Has Its Eyes on Indonesia
THE Rockwills Group, a wills and trust specialist in Malaysia and Singapore, is setting its sights on the Indonesian market for possible expansion of its estate planning business.
Netral English 

Govt Adopts One-Fuel Price in 12 Districts
The government has planned to adopt one-price fuel policy since the end of last year. It has been developing fuel distributors in districts to implement the policy. As of June 1, as many as 12 fuel distributors have operated in 12 districts.

VP Kalla Arrives in Tokyo for Nikkei Forum
Vice President M Jusuf Kalla and his entourage arrived in Haneda International Airport, on Sunday morning for the 23rd International Conference on the Future of Asia, to be held from June 5 to 6.

OJK’s new faces should boost growth, fair game in financial sector
As the screenings of candidates for the Financial Services Authority’s (OJK) new board of commissioners takes place this week, lawmakers are tasked with finding the best figures to lead the superbody.
The Jakarta Post 

Fintech Firm Pinjam Gears Up for Growth Spurt This Year
Fintech company Gadai Pinjam Indonesia is gearing up for a growth spurt this year in a mission to expand the reach of financial services to unbanked small and medium enterprises.
Jakarta Globe

Puradelta, Panasonic Join Hands for $225m Cikarang Property Project
Puradelta Lestari, a listed industrial complex developer, has signed an agreement with PanaHome Asia Pacific, a property arm of Japanese electronics giant Panasonic, to develop a residential project in the former’s Deltamas City in Cikarang, West Java with an investment of Rp 3 trillion ($225 million) over the next nine years.
Jakarta Globe 

IDX: 2017 Bonds Issuance at Rp 42.17 Tln
As of the beginning of 2017, IDX recorded Rp 42.17 trillion in bonds and sukuk issuance. Imron Hamzah, Head of Corporate Assessment 2, said on Sunday (4/6/2017) that the most recent bonds and sukuk issuance is from Indosat.
Netral English

Gov’t Asks Regions to Actively Participate in Addressing Homecoming Traffic Congestions
The Ministry of Transportation has asked the local governments to actively participate in addressing traffic congestions in their respective regions. Traffic congestion is usually a problem in some areas, namely due to the existence of spill markets.
Netral English 

Indonesia seeks more economic relations with Nigeria
The visiting Minister for Foreign Affairs of the Republic of Indonesia, Mrs Retno Marsudi, has announced her government’s growing interest in promoting mutually beneficial economic relations with Nigeria.

7 Unique Jobs that Only Exist in Indonesia
Every country has its own uniqueness that some people may find appealing, while some others find it weird. There are a lot of things that are unique about Indonesia, one of them has something to do with occupation.
Global Indonesian Voices 

Manila, Jakarta taking initial steps to integration
IT is happening in small increments but the Bangko Sentral ng Pilipinas (BSP) should soon begin bilateral discussions with its Indonesian counterpart on the entry of banks and financial institutions in each other’s jurisdiction. This was as marked by the signing of a letter of intent (LOI) between Manila and Jakarta over the weekend.
Business Mirror 


Feature photo Asian Development Bank
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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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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