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.
UN support sought to end death penalty in Indonesia
Civil society groups to submit a report to UNHCR highlighting Indonesia’s death penalty implementation Government, lawmakers currently deliberating revision of Criminal Code.
— The Jakarta Post
Freeport’s Fallout For Indonesia Foreign Investors
Freeport-McMoRan (Freeport), the largest mining company operating in Indonesia, may soon be exiting after fifty years of doing business in the country. Hanging in the balance is the fate of Grasberg, a copper and gold project that is the world’s largest gold mine.
— AEC News Today
Jokowi accused of promoting secularism
President Joko “Jokowi” Widodo’s call for religious leaders and politicians not to mix religion and party politics has received a skeptical response from some quarters, with the Indonesian Ulema Council (MUI) dismissing the statement as the promotion of “secularism” in an otherwise religious country.
— The Jakarta Post
Hollande Should Defend Persecuted Minorities, Oppose Death Penalty
French President François Hollande should publicly urge the Indonesian government to address the country’s persistent human rights problems during his upcoming visit to Jakarta, Human Rights Watch said today in a letter to the president. Hollande is scheduled to arrive in Indonesia for an “economic diplomacy” trip on March 29, 2017.
Aid project boosts Indonesia’s farming capabilities
Agricultural development in Indonesia is a major focus of a multinational farming project between New Zealand’s University of Massey and East Indonesia’s University of Mataram.
Indonesia embraces infra bonds to ease budget constraints
Indonesian companies are embracing the debt market to raise funds for infrastructure spending, as government finances remain constrained by a tight budget.
— Times of India
Ceiling collapses at Indonesian airport
Airline travellers were showered with what appear to be plastic strips after a ceiling reportedly collapsed at the domestic terminal of Indonesia’s Supadio International Airport.
5,805 Foreigners Refused Entry to Japan in 2016 (News)
The number of foreign visitors who were refused entry to Japan in 2016 rose 25.9% from the previous year to 5,805, the Justice Ministry said Friday.
No bank account, no problem for remittances to Indonesia
Singtel and Indonesian carrier Telkomsel are making it more convenient for Indonesians to receive remittances from Singapore.
— The Straits Times
France: Press Indonesia on Key Rights Concerns
French President François Hollande should publicly urge the Indonesian government to address the country’s persistent human rights problems during his upcoming visit to Jakarta, Human Rights Watch said today in a letter to the president. Hollande is scheduled to arrive in Indonesia for an “economic diplomacy” trip on March 29, 2017
— Human Rights Watch
Government to deploy more land measurement officers
Agrarian and Spatial Planning Minister Sofyan Djalil said Sunday that the government would deploy more land measurement officers in order to expedite the implementation of its agrarian reform program.
— The Jakarta Post
Trump’s Indonesia business partner says planned resort to respect Bali traditions
The Indonesian business partner of the Trump group has pledged to respect Hindu traditions and follow building height restrictions at a luxury hotel and golf resort it is developing near a temple on the island of Bali.
— Coconuts Bali
NHF eyes new manufacturing plant in Indonesia
KLANG: New Hoong Fatt Bhd (NHF), which exports auto replacement parts to over 50 countries, is looking to open a factory in Indonesia after establishing a manufacturing subsidiary there last year.
— The Edge Markets MY
Indonesia’s Bukalapak hopes to become profitable by year end: Willix Halim, COO
BUKALAPAK, that is among Indonesia’s oldest e-commece market places, and is also the country’s third largest player in this space, aims to turn profitable by 2017-end, a top executive with the company said, while adding that a potential listing remained part of its long-term plans to raise capital.
— Deal Street Asia
World Bank: Indonesian Population on Its Way to be High Income Country
The World Bank has approved a new loan of US$200 million for Indonesia to help finance the country’s infrastructure projects. The loan fund would be used to support PT Indonesia Infrastructure Finance (IIF), a non bank private institution,” chief representative of the World Bank in Indonesia Rodrigo Chaves said here on Saturday.
G20 Takeaway: Indonesia May Be Forced to Scrap Bank Secrecy Law
Indonesia may be forced to release a government regulation in lieu of law, or Perppu, and scrap its bank secrecy law in May to join a list of countries participating in the Automatic Exchange of Information next year, Finance Minister Sri Mulyani Indrawati said on Wednesday.
— Jakarta Globe
Hundreds of Flights Set for Delays During Bali’s Day of Silence
Up to 324 domestic and international flights heading to and from Bali will experience delays during its annual Day of Silence, or Nyepi, on March 28, airport operator Angkasa Pura I said.
— Jakarta Globe
Residential Property Sector of Indonesia to Improve in 2017?
Ferry Salanto, Associate Director at Colliers International Indonesia, says price increases of vertical property in Jakarta (apartments) usually rise by an average of 10 – 15 percent year-on-year (y/y). However, in full-year 2016 these prices only grew by an average of (nearly) 4 percent. Moreover, rental prices fell as well last year, implying apartments were not a lucrative investment object for investors in 2016.
— Indonesia Investments
Steel Producers in Indonesia to See Better Earnings in 2017
The price of hot rolled coil (HRC) steel in Indonesia jumped 20 percent to USD $600 per ton in the first quarter of 2017, from USD $500 per ton in the same quarter one year earlier. This price growth is encouraged by the rising global steel price, a trend that is expected to continue in the remainder of 2017. Based on data from MEsteel, a Middle East b2b steel portal, the price of the benchmark HRC stood at USD $545 per ton in March 2017, up 49 percent from USD $365 per ton in the same month one year ago.
— Indonesia Investments
Depok aims to certify 500 land plots
Depok administration in West Java has submitted a request to the National Land Agency (BPN) to certify 500 city-owned land plots, an official has said.
— The Jakarta Post
Singtel, Telkomsel launch mobile money transfer service to Indonesia
SINGAPORE Telecommunications (Singtel) and Indonesian telco operator Telkomsel have launched a real-time mobile remittance service to Indonesia.
— The Business Times
Malaysia Palm Oil Buyers Boost Imports from Indonesia
Malaysian buyers are ramping up imports of Indonesian palm oil as local supply battles to recover from the lingering impact of last year’s crop-damaging El Nino weather pattern.
Indonesia’s damaged coral needs 100 years to recover
Indonesia’s Maritime Affairs Coordinating Ministry said Friday the coral reef massively damaged by a foreign cruise ship in Raja Ampat Islands, West Papua province, will take up to 150 years to recover.
— Jamaica Observer
Platts considers adding Indonesia’s Karimun terminal to pricing process
Oil price agency S&P Global Platts said on Thursday it was considering a proposal to reflect deliveries from Indonesia’s Oiltanking Karimun Terminal in its Singapore pricing assessments for gasoil, jet fuel and gasoline from July 3.
Major infrastructure project opens doors for ICT in Indonesia
State investment in infrastructure and high consumer spending forecasts are set to drive growth in Indonesia’s ICT sector.
— Borneo Post Online
Indonesia Explores Collaboration with Singapore on Vocational Education
Indonesia and Singapore are teaming up to develop cooperation in vocational education, which is badly needed by Indonesia. Their move is specially meant to mark the commemoration of 50 years of diplomatic relations between the two countries.
— Global Indonesian Voices
Malaysia Considers Indonesia Important in Strengthening Its Territories Security
Defence Ministers from Malaysia, Indonesia and the Philippines will hold a trilateral meeting in Sabah next month to discuss maritime security in the Sulu sea. Defence Minister Datuk Seri Hishammuddin Hussein said the meeting’s main focus will be to determine initiatives that could be taken to further strengthen security in the territory, which also covers Sabah waters.
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Indonesia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.