Indonesia Morning News For May 24

Indonesia Morning News For May 24

Indonesia morning news

Charoen Pokphand Sets Aside Rp 1.1t for Capex, Acquires 7-Eleven
Charoen Pokphand Indonesia, a local unit of the Thai conglomerate, has set aside Rp 1.1 trillion — around $82.5 million — for capital expenditure this year to add production facilities and repair maintenance utilities, the company’s president director said on Tuesday (23/05).
– Jakarta Globe

Mitsubishi Lowers Stake in Indonesia‘s Medco Energi
Mitsubishi Corp. has reduced its stake in Indonesian oil and gas producer Medco Energi Internasional.
– Netral News

Minister Luhut: Reclamation Project will Not be Stopped
The Coordinating Minister of Maritime Affairs Luhut Binsar Pandjaitan said that the government will not stop the reclamation project in the Jakarta Bay. He reasoned that the National Development Planning Agency’s (Bappenas) study show that the city is sinking faster than expected.
TEMPO.CO

Intelsat, Telkom to Expand Broadband Across Indonesia
Intelsat and PT Telekomunikasi Indonesia (Telkom) announced they have entered into a collaboration agreement as the companies explore new opportunities to serve a region with expansive needs for broadband connectivity. Under the new, multi-year agreement, Telkom has relocated the Telkom 2 satellite to Intelsat’s 157 degrees east orbital location, where it will be co-located with Intelsat 5.
– Satellite Today

Jadestone Energy withdraws from Bone PSC, offshore Indonesia
Jadestone Energy Inc. has announced, in line with the Company’s strategy, its withdrawal from the Bone production sharing contract offshore Indonesia, a further key step in releasing the company from non-strategic exploration assets.
– World Oil

Grab to create 5 million micro-entrepreneurs in Indonesia by 2018
GRAB recently committed to new goals under its US$700 million ‘Grab 4 Indonesia’ 2020 master plan.
– Digital News Asia

Indonesia begins marketing multi-tranche Samurai bonds
The Republic of Indonesia has started official marketing of Samurai bonds of three, five, seven and 10 years at respective indicative price ranges of 55-75 basis points over yen offer-side swaps, 75bp-95bp over, 85bp-105bp over and 100bp-120bp over.
– The Times of India

Siloam to Acquire Tenth Hospital in West Java for Rp 130b
Siloam International Hospitals, the hospital operator arm of conglomerate Lippo Group, is about to acquire a hospital in Cirebon, West Java, for Rp 130 billion — around $9.7 million, the company’s president director said in a statement.
– Jakarta Globe

No Exchange of Hostages between Vietnamese and Indonesian Fishermen
The Indonesian and Vietnamese governments have agreed to diplomatically solve the Natuna incident that occurred in Indonesias Exclusive Economic Zone (EEZ) on May 21, Marine Affairs and Fishery Ministrys Secretary General Rifki Effendi Hardijanto stated.
– Netral News

Palyja`s Water Billing Awarded as Top Public Service Innovation
Today, not only Whatsapp can be used for messaging but also to read the Palyja water meter independently.
TEMPO.CO

Indonesia urged to build cow hubs to hit self-sufficiency dream
The Indonesian government needs to establish new livestock production zones as it tries to boost meat production and consumption through imports of livestock and frozen beef, the Indonesian Meat Importers Association claims.
– FoodNavigator-Asia

Japan-bound Indonesian Plywood Price to Rise 4% in June
Japan has agreed to a 4% rise in prices for Indonesian plywood to be delivered in June.
– Netral News

Car Dealerships to Conduct Road-Worthiness Tests on Public Transport Vehicles
The government has allowed car distributors to conduct road-worthiness tests for public transportation vehicles as public facilities are unable to keep up with growing demand.
– Jakarta Globe

Police Prohibits Sweeping by Mass Organizations
South Jakarta Precinct Police Chief Sr. Comr. Iwan Kurniawan said in Jakarta on Tuesday (23/5/2017) that no mass organization is allowed to conduct sweeping during the Ramadhan Islamic fasting month. He said that any potential violation, including alcoholic beverages selling, should be reported to the police.
– Netral News

New battle lines in Indonesia’s fraught politics
A rift at the top of Joko Widodo’s government, including over issues of religion, signals potentially destabilizing politicking as the country heads towards pivotal polls
– Asia Times

 

Feature photo David Stanley
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