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.
Hollande to Bring $2.6b Investment During First Indonesia Visit
Indonesia and France will sign various agreements to further strengthen strategic partnerships and bilateral relations during French President François Hollande’s first state visit on Wednesday (29/03).
— Jakarta Globe
Indonesia lodges complaint with WTO over US biodiesel anti-dumping duties
Trade Minister Enggartiasto Lukita has said the government has already submitted a complaint to the WTO over a petition issued by the US Department of Commerce and the US International Trade Commission to impose anti-dumping and countervailing duties on imports of biodiesel from Indonesia.
— The Jakarta Post
BNI leads Rp4 trillion credit syndicate for PT Palapa
A five bank syndicate led by state lender PT Bank Negara Indonesia (BNI) has approved a loan of Rp4 trillion for PT Palapa Timur Telematika to finance development of the project of East Package of Palapa Ring which is part of the strategic Indonesian Broad Band Plan of 2014-2019.
— Antara News
Singapore fintech startup OOjiBO raises US$3.6M to serve the unbanked
Singapore-based fintech startup OOjiBO has raised a S$5 million (US$3.6 million) in a Pre-Series A round led by Centurion Private Equity. Wong Kok Hoe, Director at Centurion, managed the investment and joined OOjiBO’s board of directors.
President Jokowi approves new recruitment of 1,800 judges
President Joko Widodo has approved recruitment of 18,000 new judges to make up for shortage over the past seven years.
— Antara News
Asia Minute: Rail Trouble in Indonesia
A major rail project has run into financial trouble. There’s a controversy about funding, and actual construction of the route has been delayed. The story may sound familiar to Hawai‘i residents, but this rail line is thousands of miles from Honolulu. HPR’s Bill Dorman has more in today’s Asia Minute.
— Hawaii Public Radio
Indonesia Has Reached 820 Thousand to One Million Houses A Year
Finance Minister Sri Mulyani Indrawati said that the increased urban population should be balanced by adequate housing supply to support economic growth.
— Netral News
Indonesian Muslims in Netherlands to get Mosque
The Indonesian Muslim community in the European Muslim Youth Union (PPME) of Al-Ikhlas, Amsterdam, has bought a building that will be developed into the Indonesian Cultural Center at Jan van Gentstraat 140, Badhoevedorp, the Netherlands.
— Antara News
South Korean Financial Conglomerate Shinhan Eyes M&A in Indonesia
Shinhan Financial Group’s new chief executive said Monday that South Korea’s most profitable financial company is eyeing opportunities for mergers and acquisitions in the Asian market and further afield, as it seeks to exploit fast-growing demand for financial services in the region.
— Netral News
China’s Huawei trains Indonesian ICT talents through SmartGen program
China’s technology firm Huawei launched on Monday its ICT (Information, Telecommunication, Telecommunication) training program for students in 7 of Indonesia’s top notch state campuses, aimed at boosting up competitiveness of Indonesian ICT talents.
South-east Asia’s children face ‘double burden’ of obesity and undernutrition – UN report
A joint report released today by the United Nations Children’s Fund (UNICEF), the World Health Organization (WHO) and the Association of Southeast Asian Nations (ASEAN) has shed new light on the nutrition situation of children across the region.
— UN News Centre
Government to issue policy of economic equality: Minister
The government of Indonesia will issue a policy of economic equality, one that provides capital to the public, in an attempt to reduce social inequality.
— Antara News
France urged to push Indonesia on LGBT rights
The French President has been urged to push Indonesia on LGBT+ rights, as he is set to arrive there this week.
— Pink News
Papua promised 5 percent of Freeport divestment
Indonesia’s Maritime Coordinating Minister, Luhut Binsar Pandjaitan, says Papua will get five percent from the divestment by copper and gold miner PT Freeport Indonesia.
— Radio New Zealand
Indonesia: 149 Deported from Turkey for Trying to Join IS in 2017
Turkey has deported 149 Indonesians since the start of the year on suspicion of trying to cross into Syria to join Islamic State, according to Indonesia’s Ministry of Foreign Affairs.
— Benar News
We need tax breaks and more tech schools, says Indonesian angel investor Shinta Dhanuwardoyo
In the summer of 2004, venture capitalist Peter Thiel made a $500,000 angel investment in the social network Facebook for 10.2 per cent of the company. In 2011, the winner of that year’s Global Entrepreneurship Program Indonesia, Go-Jek, received an undisclosed amount of funding from American angel investor Arthur Benjamin.
— Deal Street Asia
Nigerians not responsible for drug-related problems in Indonesia – Ambassador
The Indonesia Ambassador to Nigeria, Mr Harry Purwanto, on Monday dismissed as untrue the impression that Nigerians were responsible for drug-related problems in his country.
Bali airport shut for 24 hours as locals observe day of silence
Bali, the famed holiday destination in Indonesia, will become silent for 24 hours starting Tuesday morning (Mar 28) as the locals observe Hari Nyepi (Day of Silence), the start of the new year for the Hindus of the island.
— Channel NewsAsia
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Indonesia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.