Indonesia Morning News For May 22

Indonesia Morning News For May 22

Indonesia morning news

Infonesia closes seed round from 500 Startups
Indonesian Q&A platform Infonesia has ralsed seed funding from international venture capital major 500 Startups, the company announced. The startup offers a social network product that performs Q&A with the difference being that it samples sites like Quora and live streaming apps.
– Deal Street Asia

BCM Alliance targets Indonesia for maiden overseas venture
ACE Market-listed BCM Alliance Bhd is aiming to enter Indonesia for its maiden overseas venture within two years, according to its executive director Lim Jit Wei.
– The Edge Markets

Singapore’s OCBC Bank starts private banking business in Indonesia
Singapore’s second largest lender by assets Oversea-Chinese Banking Corporation (OCBC) said Monday its Indonesian subsidiary will start a private banking unit.

Indonesia Market Poised To Crack 5,800-Point Barrier
The Indonesia stock market has tracked higher in back-to-back sessions, soaring more than 175 points or 3 percent along the way.
– Nasdaq/ RTTNews

Conoco Phillips Begins Gas Compression Project
Energy and Mineral Resources Minister Ignasius Jonan opens the launching of the Sumpal gas compression project in Corridor Block, South Sumatra. The project, managed by ConocoPhillips Indonesia, begins faster than the initial target of July 2017.

AC Energy bullish on Indonesia
AC ENERGY Holdings, Inc. is bullish about its entry into the energy sector of Indonesia as it expects its investments in the regional neighbor to account for at least 20% of its earnings in the coming years.
– Business World Online

ADB Agrees on Rp8tn Loan for Irrigation Project
The Asia Development Bank (ADB) has reached an agreement on US$ 600 million (Rp 8 trillion) loan for Indonesia to improve its irrigation system. The project is aimed at strengthening food security and reducing the number of poor people in villages. ADB water resources specialist Eric Quincieu in a written statement last week said that the program will help farmers in regencies by improving water delivery.

Indonesia Must Play Equal Roles in Indo-Pacific Region’s Security and Economy: Analyst
Satoshi Mori, a foreign policy expert at Japan’s Hosei University, said Indonesia should play an equally strong role in the Indo-Pacific region’s security and economy to stabilize the region.
– Jakarta Globe

7 Witnesses to Testify in E-KTP Graft Trial Today
Jakarta Corruption Court spokesman Yohanes Prihana said 7 witnesses will testify in the electronic identity cards or e-KTP graft trial today.

Going Digital the Fastest Way to Improve Airport Services: Tourism Minister
The Ministry of Tourism has expressed appreciation of the cooperation between the Ministry of Transportation and state-owned airport operator Angkasa Pura II on the development of digital technology to improve passenger services.
– Jakarta Globe

Key Sectors To Cash In On Bank Indonesia Cashless Payments
Bank Indonesia, the country’s central bank, is developing a National Payment Gateway which will soon see electronic payments processed within the country and increase efficiency in many key sectors.
– Indonesia Expat

Photos have emerged online of the Indonesian Army’s (Tentara Nasional Indonesia-Angkatan Darat; TNI–AD) first Boeing AH-64E Apache Guardian attack helicopter. It is undergoing tests in the U.S.
– Quwa

Around 25,000 people died in road accidents in Indonesia in 2016: Transport Minister
While more and more Indonesians are capable of buying vehicles, the country’s roads and road safety infrastructure is failing to keep up, leading not only to massive traffic jams but also, as the World Health Organization noted in 2013, a disturbing increase in the number of traffic accidents and fatalities.
– Coconuts Jakarta

Indonesia is France’s new darling for tourism
With its remarkable growth of 70 per cent in arrivals to France last year to become the largest visitor source from South-east Asia, it’s no wonder Indonesia is now a new focus market for the European nation.
– TTG Asia


Feature photo David Stanley
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


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