Indonesia Morning News For March 21

Indonesia Morning News For March 21

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.

 

Indonesia morning news

 

Indonesia Plans to Sue Thailand’s PTTEP Over 2009 Oil Spill
Indonesia is preparing to sue a unit of Thailand’s PTT Exploration and Production (PTTEP) over alleged environmental damage from the Montara oil spill in 2009, the country’s Coordinating Maritime Affairs Ministry said.
— U.S. News & World Report

Indonesian government`s debts Rp3,589.12 trillion
The Directorate General of Financing and Risk Management of the Finance Ministry said by February, 2017, the government had a debt of Rp3,589.12 trillion.
— Antara News

World Bank Approves $450 Million Loan for Affordable Housing in Indonesia
The World Bank has approved $450 million in financing last week to help low-income families in Indonesia acquire affordable homes.
— Jakarta Globe

Indonesia dealbook: Bornevia to shut shop, Wujudkan to close March end
Indonesia’s digital customer service platform, Bornevia announced that it is going to shut down its software service by end of April 2017. Meanwhile Indonesia’s crowdfunding platform for creative projects, Wujudkan is also closing its business by March 31st 2017 according to media reports.
— Deal Street Asia

In U-turn, Indonesia says will continue to send maids abroad
Indonesia said Monday it would continue to send domestic helpers overseas, in an about-turn welcomed by campaigners who said it would help prevent women falling prey to human trafficking.
— Asia One

Bio Farma to produce breast cancer biosimilar at lower price
Vaccine producer Bio Farma said it would launch and sell biosimilar specially for breast cancer at a cheaper price.
— Antara News

Papuans urge Indonesia to shut down Freeport mine
Papuans across Indonesia held demonstrations Monday against an American mining giant involved in a contract dispute with the government that has halted operations at the world’s second biggest copper mine.
— Anadolu Agency

Bank of Singapore in Indonesian Move?
The Indonesian unit of Singapore’s Oversea-Chinese Banking Corp, is said to be about to establish a private-banking business.
— Finews Asia

PLN signs contracts for 16 power generating projects
The state electric company PT Perusahaan Listrik Negara (PLN) has signed contracts for 16 projects with a total generating capacity of 1,825.5 megawatts.
— Antara News

President Jokowi inaugurates Bangka`s mobile power plants
President Joko Widodo (Jokowi), through a video conference, inaugurated a 2×25 megawatt (MW) mobile power plant (MPP) in Air Banyir, Bangka, and a 1×25-MW MPP in Suge Belitung, on Saturday (March 18).
— Antara News

Gas supplies to power plants should be prioritized: President Jokowi
President Joko Widodo (Jokowi) has stated that gas supplies to power plants should be prioritized.
— Antara News

Indonesian farmers to grow seedless oranges
Indonesian farmers in Tapin District, South Kalimantan Province, will develop and grow seedless oranges in some sub-districts, the districts deputy Sufian Noor said here.
— Antara News

Stock market expected to support national economy
The Financial Services Authority expressed hope that the stock industry could support the national economy by investing in the infrastructure development, the agency’s head of capital market supervision Nurhaida said here on Saturday.
— Antara News

Indonesia, Senegal Mull Cooperation in Oil, Gas
Indonesia and Senegal are mulling cooperation between oil and gas private firms, the Indonesian Embassy in Dakar stated in a press statement received in Jakarta on Monday, March 20, 2017.
— Tempo.co

Regional governments should encourage local products` competitiveness: President
President Joko Widodo has expressed hope for regional governments that have direct borders with neighboring countries, to encourage local products competitiveness for the export market.
— Antara News

Indonesian minister calls for transportation facilities for Lebaran travelers
Transportation Minister Budi Karya Sumadi appealed to all regions to arrange transportation facilities for the post-fasting Ied al-Fitr or Lebaran travelers this year.
— Antara News

Indonesia’s 2016 PE deals & exits see slowdown; but market still attractive: Bain & Co
Private equity deal value in Indonesia reached $1.6 billion in 2016 through 10 deals, a pullback from 2015’s $2.1 billion, a study by Bain & Co shows. Meanwhile, Indonesia exit value continued to fall from 2013’s record high of $2.2 billion to $257 million.
— Deal Street Asia

Ride-hailing firms protest new rules in Indonesia even as Singapore allows taxis to introduce surge pricing
In the latest chapter of Indonesia’s online transport industry, the new set of rules that has been introduced by authorities to regulate the sector, has led to protests from the region’s largest ride-hailing companies – Uber, Grab, and Go-Jek – all of who have argued that it will “interfere with the market and curb transport innovation”.
— Deal Street Asia

Ahok to present Muslim cleric at blasphemy hearing
Incumbent Jakarta Governor Basuki “Ahok” Tjahaja Purnama is set to present a Muslim cleric during the 15th hearing of his blasphemy trial on Tuesday.
— The Jakarta Post

Bali to turn into ‘Silence of the Land’
March 28 this year will mark the beginning of the Hindu New Year of Saka 1939. On this annual observance, known locally as as “nyepi”, the usually bustling island of Bali will grind to a peaceful halt for 24 hours.
— The Jakarta Post

Gov’t Encourages Palm Oil Farmers to Grow Corn
The central government has encouraged palm oil farmers nationwide to plant corn across nearly one million hectares of farmland by the end of 2017, an official from the Ministry of Agriculture said on Sunday (19/03).
— Jakarta Globe

Indonesia, Mexico Seek Closer Tourism Ties
National flag carrier Garuda Indonesia and the Mexican government are exploring closer cooperation to develop more business opportunities in the tourism sector.
— Jakarta Globe

Indonesia, Senegal prioritizing private partnership in oil and gas sector
The governments of Indonesia and Senegal are committed to developing private business partnership in the oil and gas sector, stated a press release from the Indonesian Embassy in Dakar made available to ANTARA here, Monday.
— Antara News

Two F-16 fighter planes arrive from the United States
Two units of fighter aircraft F-16 C/D-52ID, a grant from the United States, arrived and landed at the Iswahjudi air force base in Magetan, East Java on Monday.
— Antara News

Indonesia, Philippine stocks fall on profit-taking
Indonesian and Philippine shares fell on Monday as investors chose to book profit after recent gains, while Malaysia hit its highest in nearly 22 months on the back of gains in telecom stocks.
— Bangkok Post

Indonesia, G20, Strengthens Economic Resilience
Indonesia and other G20 country members expressed their commitment to boosting world economic growth and reinforcing economic resilience at the national and global levels.
— Tempo.co

PropNex Realty ventures into Indonesia to target wealthy buyers
Property agency PropNex Realty embarked on its first regional expansion into Indonesia in the second half of 2016 to access a larger pool of potential buyers, especially those interested in purchasing Singapore luxury properties.
— Yahoo News

King and Queen of Sweden to visit Indonesia
Today the Swedish Royal Court announced that His Majesty King Carl XVI Gustaf and Her Majesty Queen Silvia would make an official state visit to Indonesia. The state visit will take place between 22 and 24 of May at the invitation of the nation’s president, Joko Widodo.
— Royal Central

 

 

 

Feature photo Roman Woronowycz

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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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