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.
Positive Outlook for Indonesia as Economic Growth Projected to Increase in 2017
While Indonesia’s economic growth was set at 5.1 percent for this year, improving economic outlook would mean that growth could go as high as 5.3 percent.
— Global Indonesian Voices
Indonesia high-speed train, backed by China, comes untracked
Land, finance and security issues have dogged the much ballyhooed Rp68 trillion (US$5.1 billion) Jakarta-Bandung high-speed rail project, Indonesian President Joko Widodo’s signature infrastructure undertaking. His government, keen to bridge a yawning infrastructure gap, awarded the contract to Chinese developers two years ago.
— Asia Times
Government to lift licenses of slow meat importers
The Indonesian government will lift the licenses of slow meat importers in an effort to maintain the supply and stabilize commodity prices ahead and after the holy month of Ramadhan, a minister stated.
— Antara News
President Jokowi not trying to promote secularism, aides say
Was President Joko “Jokowi” Widodo promoting secularism when he called on the people not to mix religion and politics?
— The Jakarta Post
Indonesia Pays Price of Protectionism as Commodity Exports Sink
Indonesia’s economy is losing out on commodity gains after lawmakers wrapped protectionist policies around the nation’s resources. Their next problem: finding a lucrative replacement.
— Bloomberg Quint
Regulation on EURO IV adoption signed
The Environment and Forestry Ministry has signed a long-awaited regulation that will serve as a legal umbrella for the EURO IV emission levels adoption, a spokesperson for the ministry confirmed Tuesday.
— The Jakarta Post
Indonesia may reinstate ban on death penalty
Indonesia’s President Joko Widodo says his government would restore a moratorium on the death penalty, if the public in the South East Asian country approves the measure.
— Press TV
Indonesian Tax Amnesty Makes Final Push for Overseas Assets
Indonesia has the world’s fourth-largest population at almost 260 million, but only 10 percent are registered as taxpayers and only about one million actually submit a tax return. That’s a major reason for the country’s huge and growing deficit, which has stalled the present administration’s ambitious infrastructure plans.
— Voice of America
Indonesia government to use former Chelsea star Michael Essien to boost global image
The Indonesia government has positively welcomed the presence of ex-world football star, Michael Essien, in the country’s league insisting they will use the the Ghanaian’s to boost the Asian nation’s global image.
— Ghana Soccernet
Japan, UK, and Indonesia claim victory at Startup World Cup
Startup World Cup, a global startup competition comparable to Seedstars World in scale and ambition, held its final event in San Francisco last week.
— Tech in Asia
Malaysia, Indonesia marine police to step up joint patrols
The Malaysian and Indonesian marine police have intensified joint efforts for enforcement of patrols in the waters of both countries, focusing on areas identified as routes of Daesh terrorists and human trafficking syndicates.
— Malay Mail Online
Pole Position: Indonesia Remains Largest Car Market within ASEAN
Indonesia remains the biggest market for cars in the ASEAN region. Based on the latest data from the ASEAN Automotive Federation a total of 3.16 million cars were sold in the ASEAN region in 2016. Around 33 percent of these total sales occurred in Indonesia, the largest economy among ASEAN countries.
— Indonesia Investments (press release)
Aberdeen Indonesia Fund, Inc. (:IF) Sees Unusual Volume Mid-Session
Investors are on alert as Aberdeen Indonesia Fund, Inc. (:IF)’s stock is experiencing unusual volume during today’s trading. While the stock price moved along with the volume change, shares are touching $7.01. The day’s total volume of 67543 this morning is in contrast from the three-month daily average of 12.79K.
— Melville Review
Chinese investor interested in Vale Indonesia’s Bahodopi smelter project
A Chinese investor has expressed interest in partnering with publicly listed nickel mine operator PT Vale Indonesia to build a ferronickel plant in Bahodopi, Central Sulawesi.
— The Jakarta Post
With PPP Endorsement Ahok-Djarot One Step Away From Majority Support: Expert
The United Development Party, or PPP, support for Basuki “Ahok” Tjahaja Purnama and Djarot Saiful Hidayat in the second round of Jakarta’s gubernatorial election would make them only one step away from gaining majority support, an expert says.
— Jakarta Globe
Indonesia Urges Nuclear-Weapon States to Start Disarmament Process
Indonesia urged nuclear-weapon states to start the disarmament process at the nuclear weapons ban talks at the United Nations headquarters in New York on Monday (27/03).
— Jakarta Globe
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Indonesia morning news is published M-F by AEC News Today: Governance, not government; policies not politics.