Indonesia Morning News For May 3

Indonesia Morning News For May 3

Indonesia morning news

Exclusive: Kresna-backed M Cash Integrasi eyes $93.5m valuation with year-end IPO
M Cash Integrasi (MCI), a digital kiosk firm backed by Kresna Graha Investama, plans to seek a valuation of up to $93.5 million with an year-end IPO.
— Deal Street Asia

RAM: Q1 global sukuk issuance at US$22.2bil
Global sukuk issuance reached US$22.2 billion (US$1=RM4.33), as at end-March, a marginal decrease from US$24.1bil recorded in the same period last year, with Malaysia maintaining its leadership by accounting for 38.5% of the total issuance, says RAM Ratings.
— The Star Online

Land acquisition for Patimban port to start this year
Land acquisition for the Indonesian-Japanese deep-sea port project in Patimban, West Java, is expected to start before the end of the year, West Java Governor Ahmad Heryawan has said.
— The Jakarta Post

Consumer Price Index in Indonesia: Inflation at 0.09% in April 2017
Indonesia’s Statistics Agency (BPS) announced the nation’s April 2017 inflation figure was recorded at 0.09 percent month-on-month (m/m), a relatively high inflation figure for Southeast Asia’s largest economy considering the month of April usually brings deflation to Indonesia due to the peak of the harvest season (which causes sliding food prices).
— Indonesia Investments

Jokowi Promotes ‘Ten New Balis’ to Investors in Hong Kong
President Joko “Jokowi” Widodo informed investors about several large business opportunities in Indonesia, especially in the tourism sector, during a business meeting in Hong Kong on Monday (01/05).
— Jakarta Globe

Indonesia’s Antam investors upbeat as nickel ore exports resume
State-owned Indonesian mining company Aneka Tambang is looking to improve sales with the resumption of nickel ore exports this month after a three-year ban.
— Nikkei Asian Review

Gov’t Calls on Indonesian Media to Fight Hoaxes
The government has called on Indonesia’s mainstream media to join the battle against hoaxes and fake news, a move announced by Communications and Informatics Minister Rudiantara during a discussion on World Press Freedom Day at the Jakarta Convention Center (JCC) on Tuesday (02/05).
— Jakarta Globe

Government to Prepare IMF, World Bank Meeting in Bali
Jakarta and Bali will be busy preparing the annual meeting of the International Monetary Fund (IMF) and the World Bank in 2018.
— Tempo.co

Group Highlights Methods Radicals Use to Indoctrinate School Kids
Several methods are commonly used to indoctrinate the youth with radical ideologies, and greater awareness of this is crucial for both teachers and students, said Irfan Amalee, director of Peace Generation, a nonprofit organization that promotes peace and tolerance.
— Jakarta Globe

Manufacturers See Strongest Production Rise Since Mid-2016
Indonesia’s manufacturing industry started the second quarter of 2017 on a strong footing as companies scaled up production for the second straight month in April to match growing demand, the Nikkei Indonesia Manufacturing Purchasing Managers’ Index survey showed.
— Jakarta Globe

Exclusive: Indonesia media startup Boombastis raises pre-series A from Unistellar
Indonesian online media startup Boombastis has raised an undisclosed sum in a pre-series A investment from Unistellar, a Jakarta-based venture development and advisory firm, which pulled funds from “Southeast Asian high net-worth individuals and institutions”.
— Deal Street Asia

National Geographic: Borobudur 3rd among Adventure Tourism Sites
National Geographic, the official magazine of the National Geographic Society that has been published continuously since 1888, ranked Indonesia’s Borobudur temple third in its global iconic adventure tourism sites, hence acknowledging the temple’s uniqueness as well as cultural and historic value. The Borobudur, a ninth-century Mahayana Buddhist temple, is also listed by UNESCO as a World Heritage Site (since 1991).
— Indonesia Investments

Greater push for biodiesel in Indonesia, Malaysia
The rapid depletion of fossil fuel heightens the need for governments to start implementing measures to reduce its dependency on natural oil and gas.
— The Borneo Post

PH, Indonesian companies seal 11 business deals
A total of 11 business deals have been signed between Philippine companies and top-level Indonesian businesses during the recent Philippines-Indonesia Business Networking session held in Davao City.
— Manila Bulletin

Nickel Falls From Grace as Bull Narrative Unravels: Andy Home
Nickel has gone from bull hero to zero in the space of just a couple of months.
— Jakarta Globe

 

Feature photo Celina Schou
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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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