Indonesia Morning News For March 14

Indonesia Morning News For March 14

Welcome to the Indonesia morning news roundup by AEC News Today, your one stop for Indonesia news on matters of governance and policies affecting Asean business communities.

 

Indonesia morning news

Indonesia Watchdog Slaps Ernst & Young Affiliate With $1 mil Fine
Indonesia’s Public Company Accounting Oversight Board (PCAOB) is showing they won’t treat miscreants lightly. An Indonesian affiliate of international accounting firm Ernst & Young has been fined US$1 million for audit failure, noncooperation, and violations of the Board’s quality control standards.
— AEC News Today

Indonesia Q1 economic growth likely below 5.05 percent – central bank governor
Indonesia’s trade data is due on Wednesday, March 15 and economists polled in Reuters poll expect export, import growth to have slowed in February. Indonesia’s exports and imports hit multi-year highs in the previous month and are likely to expand at a slower pace in February.
— Econo Times

CPPIB, Caisse to invest in Singapore, Indonesia warehouses
Canada’s two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in southeast Asia.
— The Globe and Mail

Corruption scandal rocks Indonesia’s establishment
It is such an open secret that parliamentary commissions take pay-offs and other incentives to grease the path of legislation and influence key appointments that global graft watchdog Transparency International once again labelled the House of Representatives as Indonesia’s most corrupt institution.
— Asia Times

Arrested development: why Indonesia lifted its mining export ban
The Indonesian Government is hoping to kick-start its economy by lifting a partial ban on exports of metal ore and mineral concentrates, a policy originally aimed at boosting domestic processing and reducing the South East Asian nation’s exposure to volatile commodity prices. Julian Turner reports.
— Mining Technology

Indonesia export, import growth seen slowing in February
Indonesia’s exports and imports expanded in February, but at a slower pace than the multi-year highs they had the previous month, a Reuters poll showed.
— Times of India

New ways for financing vaccination in Indonesia
During autumn last year, the World Health Organization (WHO) announced that a vaccine to prevent dengue fever was available for people across the world aged 9 to 16 years old.
— The Jakarta Post

Indonesia transfers US citizen to ‘execution island’
Indonesia has transferred a convicted US citizen to its so-called execution island, prompting fears among rights organisations that the government may be preparing another round of firing squads.
— The Guardian

Pence slated to visit Indonesia, Japan, South Korea and Australia in April
Vice President Mike Pence is expected to visit Indonesia, Japan, South Korea and Australia in April, senior administration officials tell CNN.
— CNN

Indonesia, Denmark Mull Deeper Defense Ties
Last week, Indonesian Defense Minister Ryamizard Ryacudu received a courtesy call from Denmark’s envoy to the Southeast Asian state Casper Klynge. The meeting saw both sides discuss ways to expand their defense relationship in the coming years.
— The Diplomat

Indonesia’s Choice: Not the Indian Ocean, But Bilateralism
Dedi Dinarto (see: Is Indonesia Choosing the Indian Ocean Rim Association Over ASEAN?) is right to observe that Indonesia under President Joko “Jokowi” Widodo has lost interest in trying to lead ASEAN.
— The Diplomat

Copper concentrate supply hit by disputes in Chile and Indonesia
Supply disruptions at two large mines in Chile and Indonesia are spurring a global shortfall in copper concentrate, according to the chairman of China’s second-largest copper refiner.
— Financial Times

Indonesia sentences British man and his Australian girlfriend to prison for cop’s death on beach
A court on the Indonesian tourist island of Bali on Monday sentenced a British man charged with attacking a traffic police officer and causing his death to six years in prison and his Australian girlfriend to four years.
— National Post

Indonesia furniture fair reports record attendance
The Indonesia International Furniture Expo (IFEX) opened late last week to a record number of buyers.
— Furniture Today

Blackberry looks to regain its crown with made-in-Indonesia Aurora
IN A bid to regain its glory Indonesia, PT BB Merah Putih launched BlackBerry’s newest smartphone BlackBerry Aurora on March 9.
— Digital News Asia

Grab launches carpool services “GrabShare” in Indonesia
GRAB on March 13 launched GrabShare in Indonesia, making it the fourth Asean country to offer the service after Singapore, Malaysia, and the Philippines. It was launched in the three countries in December 2016.
— Digital News Asia

Prime time set to debut off the beaten track in Indonesia
Homes in far flung locations across Indonesia will soon be able to tune into TV broadcasts thanks to Japan’s push to export its telecommunications technologies. Japan’s communications ministry has offered the nation of more than 13,000 islands “one-seg,” a low-cost, power efficient broadcasting system ideal for reaching remote areas.
— Nikkei Asian Review

Indonesia’s BCA posts record annual profit, buoyed by tax amnesty
Bank Central Asia (BCA) on Monday reported an all-time high annual net profit, as Indonesia’s key tax amnesty programme helped to lower cost of funds for the country’s biggest lender by market value.
— The Straits Times

Indonesia seizes two boats off Aceh for illegal fishing
The Indonesian navy has detained two vessels that flew the Malaysian flag, for allegedly fishing illegally in Indonesian waters off its Aceh province.
— The Straits Times

C88 acquires Indonesia-based auto listings site Otobro
Financial technology company C88 Group has acquired an Indonesia-based startup Otobro for an undisclosed amount.
— Deal Street Asia

Indonesia calls for peaceful use of nuclear energy
The Indonesian foreign minister on Monday said Indonesia will always encourage Nuclear Non-Proliferation Treaty (NPT) signatory countries to use nuclear energy for peaceful purpose.
— Xinhua News

Waypoint places AW139 on lease to PT. Air Born Indonesia
Waypoint Leasing (Ireland) Limited (Waypoint), the largest independent global helicopter leasing company, announced that it has closed a lease agreement with PT. Air Born Indonesia (Air Born), a provider of air transportation services in Indonesia, for one Leonardo AW139 helicopter previously operated by CHC, which will go on long-term lease in support of mining operations in Indonesia.
— Vertical Magazine (press release) (blog)

President Jokowi optimistic of more Japanese companies investing in Indonesia
President Joko Widodo (Jokowi) has expressed hope that more Japanese industries would invest in Indonesia apart from Toyota Motor Corporation (TMC).
— Antara News

President Jokowi installs 17 Indonesian ambassadors
President Joko Widodo (Jokowi) installed 17 new Indonesian ambassadors at the State Palace, here, Monday.
— Antara News

FAO Supports Indonesia`s Efforts to Achieve Food Security
FAO regional representative for Asia and the Pacific Kundhavi Kadiresan on Sunday, March 12, 2017, met with Indonesian Agriculture Minister Amran Sulaiman in order to exchange views on the growing collaboration between the FAO and the Indonesian government.
— Tempo

Indonesia urges P5 to respect NPT commitment
Indonesia has underscored the importance of implementing the three main pillars of the long-standing Nuclear Non-Proliferation Treaty (NPT) in equal measure, as state parties prepare for the treaty’s next review in 2020.
— The Jakarta Post

Indonesia-Chile CEPA negotiations resume after delay
After being delayed for more than two years, negotiations for a comprehensive economic partnership agreement (CEPA) between Indonesia and Chile resumed on Monday and will run until Tuesday.
— The Jakarta Post

Toyota Manufacturing appoints first Indonesian CEO
Japanese automobile maker Toyota has announced the first Indonesian president director for Toyota Motor Manufacturing Indonesia (TMMIN) as vice president director Warih Andang Tjahjono will replace Masahiro Nonami on April 1.
— The Jakarta Post

Indonesia’s stock market raised $5b in 2016, contributed $1.6b in gains
The Indonesian stock market had raised nearly Rp 700 trillion ($5.2 billion) in funding last year while contributing Rp 215 trillion ($1.6 billion) in gains, the Indonesian Stock Exchange (IDX) director Tito Sulistio said. The numbers represented a growth of 20 per cent and 15 per cent, respectively.
— Deal Street Asia

Kazakhstan to exempt visa tariff for Indonesians
The Embassy of Kazakhstan to Indonesia will provide tariff-free visa for a three-month period for Indonesians who wish to visit the country.
— Antara News

Cement Sales in Indonesia Continue to Disappoint in February 2017
Cement sales in Indonesia rose 0.2 percent year-on-year (y/y) to 4.54 million tons in February 2017 from 4.54 million tons in the same month one year earlier.
— Indonesia Investments (press release)

Inflation Indonesia: Administered Price Adjustments Form Challenge
The central bank of Indonesia (Bank Indonesia) said it carefully monitors the impact of higher electricity tariffs on the nation’s inflation pace in March 2017.
— Indonesia Investments (press release)

Tax collection app Online Pajak aims to help Indonesia secure US$1.1B this year, in no rush to raise funds
March is the month when Indonesian businesses and individuals are rushing into tax offices to submit their yearly reports. For 2017, the House of Representatives has targetted to increase tax revenue target by 16.8 per cent, from IDR1.2 trillion (US$89 million) last year to IDR1.4 trillion (US$112 billion).
— e27

Jakarta High Court denies Jessica Wongso’s sentence appeal in coffee poisoning case
It seemed like a long, long time ago when the Indonesian media would not stop discussing the case of Jessica Wongso, who was accused of poisoning Wayan Mirna Salihin with a glass of iced coffee, especially since they’ve moved on to discussing Governor Basuki “Ahok” Tjahaja Purnama’s alleged blasphemy against Islam virtually 24/7.
— Coconuts Jakarta

FM Retno Calls for Total Nuclear Disarmament at Regional Dialogue in Jakarta
Foreign Minister Retno Marsudi has called for the total disarmament of nuclear weapons at a regional dialogue on the Treaty on the Non-Proliferation of Nuclear Weapons, or NPT, in Jakarta on Monday (13/03).
— Jakarta Globe

Authorities Remove Over 500 ‘Provocative’ Banners Ahead of Runoff Election
The Jakarta Public Order Agency has removed 526 provocative banners across the capital ahead of the second round of the gubernatorial election scheduled for April 19, acting Governor Sumarsono said on Monday (13/03).
— Jakarta Globe

 

 

Feature photo Kritsada Jaiyen

 

 

Indonesia morning news roundup 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.
Stella-maris Ewudolu

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