Indonesia Morning News For May 11

Indonesia Morning News For May 11

Indonesia morning news

World Bank Lends $200m to Expand Indonesia’s Social Assistance Programs
The World Bank has approved a $200 million loan to help the Indonesian government expand social assistance programs in an effort to eradicate poverty, according to a statement released on Wednesday (10/05).
— Jakarta Globe

Indonesia’s flip-flop policy on Freeport to damage investment climate: Experts
The government’s policy flip-flop in the mining sector, which has led to a prolonged dispute with gold and copper miner PT Freeport Indonesia, will likely damage the country’s investment climate, in the long run, should there be no good will to accommodate the interests of all stakeholders, experts and analysts have suggested.
— The Jakarta Post

Aquaculture produces 3.9 million tons fish in Q1
Indonesian aquaculture produced 3.90 million tons of fish in the first quarter of 2017 or a 3.11 percent increase from the same period in 2016.
— The Jakarta Post

Indonesia ministry seeks to extend forest moratorium by two years
Indonesia’s environment and forestry ministry wants to extend a moratorium on issuing new licences to use primary forest and peatland in the Southeast Asian country by two years, an official said on Wednesday.
Read more at http://www.channelnewsasia.com/news/asiapacific/indonesia-ministry-seeks-to-extend-forest-moratorium-by-two-years-8834584
— Channel NewsAsia

Christian Indonesians who sought asylum in US for persecution being deported due to Trump-ordered crackdown
Even as many in Indonesia and around the world are condemning yesterday’s guilty verdict against Basuki Tjahaja Purnama as an example of a minority Christian being persecuted for his religion, authorities in the United States are preparing to deport a group of Christian Indonesians who had come to the USA seeking asylum from persecution around two decades prior.
— Coconuts Jakarta

Garuda Indonesia Targets 6-7 Percent Passenger Growth in 2017
Indonesian flag carrier Garuda Indonesia is targeting a 6-7 percent increase in passenger numbers this year, its new chief executive told Reuters on Wednesday (10/05).
— Jakarta Globe

Ahok Moved to Police Custody as He Waits for Suspension of Detention
Jakarta High Court said on Wednesday (10/05) it cannot respond to the request to suspend Basuki “Ahok” Tjahaja Purnama’s incarceration until it has received a copy of the verdict on his blasphemy trial from the North Jakarta District Court.
— Jakarta Globe

Why Indonesia’s Manufacturing PMI Hit a 10-Month High in April
In April 2017, manufacturing activity in Indonesia (IDXG) saw its strongest rise since mid-2016, mainly due to the faster expansion of new work orders. The Nikkei Indonesia Manufacturing PMI (purchasing managers’ index) grew for the second-straight month, touching a 10-month high in April.
— Market Realist

Indonesia ministry seeks to extend forest moratorium by two years
Indonesia’s environment and forestry ministry wants to extend a moratorium on issuing new licences to use primary forest and peatland in the Southeast Asian country by two years, an official said on Wednesday.
— The Star Online

Indonesia offers fishermen financing cooperation at IORA meeting
Indonesia promoted a partnership scheme to help finance small-scale fishermen to members of the Indian Ocean Rim Association (IORA) during the ongoing IORA Second Blue Economy Ministerial Conference (BEC II) in Jakarta on Monday.
— The Jakarta Post

Int’l Rights Organizations Call for Review of Indonesia’s Blasphemy Law
International rights organizations are urging Indonesia to review its blasphemy law following the sentencing of Jakarta Governor Basuki “Ahok” Tjahaja Purnama to two years in prison for blasphemy against Islam.
— Jakarta Globe

New ship from Indonesia to join PH Navy on its 119th anniversary
The Navy will celebrate its 119th anniversary with the commissioning of its brand new landing dock vessel, the BRP Davao del Sur (LD-602).
— Inquirer.net

Jeweler Hartadinata Abadi Aims for Rp 534b in June IPO
Hartadinata Abadi, a jewelry manufacturer, is planning to raise up to Rp 534 billion ($39.96 million) from an initial public offering next month, the proceeds of which will be used to refinance its debt and fund working capital.
— Jakarta Globe

Bank Central Asia Now Largest Company on Indonesia Stock Exchange
Bank Central Asia (BCA) is now the the biggest company in terms of market capitalization on the Indonesia Stock Exchange (IDX). At the end of trading on Tuesday (09/05) the company’s market cap stood at IDR 443.8 trillion (approx. USD $33.4 billion), replacing cigarette manufacturer HM Sampoerna with its market cap at IDR 440.8 trillion. BCA, part of the Djarum Group, is the second-largest bank in Indonesia in terms of assets.
— Indonesia Investments

Ministry targets 65,000 certifications for tourism practitioners
The Tourism Ministry has provided training and issued competency certificates for those working (or about to work) in tourism this year.
— The Jakarta Post

Chinese power plant in harmony with Dolphin Bay on “Belt and Road”
The surface of the sea was quiet and smooth at sunrise with boats in the water embracing a golden sunshine which glowed against the background of the dark coast, as masses of clouds floated over the mountains.
— Global Times

Website offers clothing alterations for LGBT customers
A clothing repair company has launched an online service aimed at lesbian, gay, bisexual, and transgender customers who might feel reluctant bringing garments for alterations to regular brick-and-mortar stores.
— The Jakarta Post

 

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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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