Indonesia Morning News For May 4

Indonesia Morning News For May 4

Indonesia morning news

MMI eyes Rp 50 trillion in AUM this year
Bank Mandiri’s investment management subsidiary PT Mandiri Manajemen Investasi (MMI) expects its assets under management (AUM) to reach Rp 50 trillion (US$3.75 billion) this year amid a surging demand for protected funds.
— The Jakarta Post

Indonesia’s Export of Completely Built Up Car Units Surge in Q1-2017
Indonesian exports of completely built up (CBU) car units surged in the first quarter of 2017, a development that may indicate that global economic growth is improving (specifically in the export destination nations). Based on data from the Indonesian Automotive Industry Association (Gaikindo) Indonesia exported 56,371 units in Q1-2017, up 53.4 percent year-on-year (y/y) from 36,750 units in the same period one year earlier.
— Indonesia Investments

Indonesian power projects one step closer
UK-based Andalas Energy and Power has commenced the next steps in advancing its plans to develop a portfolio of wellhead independent power projects (IPPs) targeting 250-500MW of installed capacity fired with gas from proven fields.
— Asian Oil & Gas Magazine

Labor rumbles, quiet talks underlie Freeport standoff
After painting themselves into a corner, the Indonesian government and American mining giant Freeport McMoRan Copper & Gold are finally taking tentative steps in quiet negotiations to end the impasse over the future of the world’s most profitable mine.
— Asia Times

Finance Ministry Foils Attempts by Firms to Claim Fraudulent Tax Refunds
The Ministry of Finance revealed on Wednesday (03/05) that it foiled an attempt last week by a local textile company to claim a tax refund by falsely reporting the value of its exports, raising concern that such cases may be rife.
— Jakarta Globe

President Jokowi to waive shipping cost of books to remote regions in Indonesia once a month
That Indonesians aren’t big readers is not surprising – last year, a study ranked Indonesia 60th out of 61 countries in terms of interest in reading. A big reason for this is undoubtedly the lack of access to books in many of Indonesia’s remote regions.
— Coconuts Jakarta

Jokowi gives nod to final batch of marquee projects
Entering the second half of his leadership tenure, President Joko “Jokowi” Widodo has approved various development projects that will become final additions to the current administration’s list of national strategic projects.
— The Jakarta Post

Strukton International Awarded Palmerah Tidal Bridge Project in Indonesia
Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the contract to construct the Palmerah Tidal Bridge in Indonesia. The Dutch company will build a floating bridge in the Larantuka Strait, located in East Flores in the eastern part of Indonesia.
— Indonesia Investments

Houses worth Rp 2 billion or less to be freed from tax
The Jakarta city administration is currently drafting a gubernatorial regulation exempting home owners of houses worth less than Rp 2 billion (US$150,000) from the Urban and Rural Land and Building Tax (PBB-P2).
— The Jakarta Post

Indonesia to Enhance Water Security With ADB Investments
Indonesia will be among the largest recipients of loans from the Asian Development Bank to finance projects aimed at mitigating water shortages over the next three decades.
— Jakarta Globe

World Press Freedom Day Highlights Media as Pillar of Democracy
Vice President Jusuf Kalla said the media is a pillar of democracy in Indonesia, during his opening speech at a World Press Freedom Day celebration in Jakarta on Wednesday (03/05).
— Jakarta Globe

So Good Food dispatches first milk export to Myanmar
Dairy and food producer PT So Good Food Indonesia has exported packaged milk to Myanmar for the first time, setting up a spring board to expand sales to ASEAN in the future.
— Tha Jakarta Post

Indonesia Fifth-Largest Country in Terms of Twitter Users
As of March this year, the number of Twitter accounts reached 328 million globally, representing a 14 percent increase from the same period last year.
— Jakarta Globe

Indonesia to Deliver Second Military Vessel to the Philippines: Defense Minister
Indonesian ship builder PAL will continue to export military vessels to the Philippines, with a Tarlac class strategic sealift vessel, or SSV, expected to be delivered in the coming weeks.
— Jakarta Globe

Death penalty cited at Indonesia UN review
Australia has called on Indonesia to reinstate a moratorium on the death penalty at the United Nations, just days after the second anniversary of the executions of Myuran Sukumaran and Andrew Chan.
— The Australian

Indonesia, China boost anti-drug ties
Indonesia and China agreed in a meeting on Wednesday to intensify intelligence sharing in their quest to eradicate drug trafficking.
— The Jakarta Post

Indonesia to move capital from Jakarta amid heavy congestion, threats of sinking
Indonesia is assessing projects to remove its capital from Jakarta due to a number of infrastructure problems and to expand economic and cultural development to other regions of the country.
— Daily Sabah

Axiata to lease capacity on IPSTAR-1 for Indonesia
Malaysia’s Axiata Group has signed a four-year agreement to lease capacity over Thaicom’s IPSTAR-1 satellite for the provision of broadband services in Indonesia.
— Telecom Asia

Indonesia to Spend Rp1tn for World Bank – IMF Event
Indonesian Government has prepared a Rp1 trillion budget for the annual World Bank-International Monetary Fund (WB-IMF) that will be held in Nusa Dua, Bali next year.
— Tempo.co

Action urged on threats against journalists in West Papua
A human rights advocate says more needs to be done to stop threats and violence against journalists in Indonesia’s West Papua region.
— Radio New Zealand

 

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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