Indonesia Morning News For May 8

Indonesia Morning News For May 8
Estimated Reading Time: 4 minutes |

Indonesia morning news

Indonesia Sues Thailand’s PTT, PTTEP for $2b Over Oil Spill
The Indonesian government is suing Thailand’s state-owned PTT and PTT Exploration and Production for around $2 billion for alleged damage to the environment from an oil spill in the Timor Sea eight years ago.
— Jakarta Globe

Program to help Indonesia’s micro and small businesses overcome barriers to growth
The Mastercard Center for Inclusive Growth has announced a partnership with Mercy Corps to help entrepreneurs in Malang City and Malang District overcome barriers to growth, join the formal economy and build more resilient and sustainable businesses.
— Enterprise Innovation

Indonesia to Ask UN Support to Categorize Illegal Fishing as Transnational Crime
Maritime and Fisheries Minister Susi Pudjiastuti said on Saturday (06/05) that she will ask the United Nations to support efforts to categorize illegal, unreported and unregulated fishing as a transnational crime.
— Jakarta Globe

Exclusive: M Cash Integrasi to buy 25% of 24Print.id, Kresna to close 3 more deals
Digital kiosk firm M Cash Integrasi (MCI) is planning to invest in digital printing service provider Dua Empat Print (24Print.id), DEALSTREETASIA has learned. MCI will be taking a 25 per cent equity stake in 24Print.id for an undisclosed amount.
— Deal Street Asia

Higher Open Called For Indonesia Stock Market
The Indonesia stock market has tracked higher in consecutive trading days, collecting more than 35 points or 0.6 percent along the way. The Jakarta Composite Index now rests just beneath the 5,685-point plateau and the market is looking at additional support on Monday.
— Nasdaq

Garena Rebrands as Sea After Raising $550 Million in New Funding
Garena has rebranded as Sea Ltd. after Southeast Asia’s most valuable startup secured $550 million in funds to step up a battle with Chinese e-commerce giant Alibaba and other players in Indonesia.
— Bloomberg Quint

200 prisoners at large after Indonesian mass jailbreak
Indonesian authorities have said about 200 inmates remain at large two days after a mass escape from an overcrowded prison on Sumatra island.
— The Guardia

Indonesia’s Child Trafficking Crisis
Indonesia faces a huge problem of child trafficking involving children and underage teenagers, particularly on the resort islands of Bali and Batam, with its victims – both boys and girls – usually from poor families or broken homes or a combination of both. The government has been criticized by international human rights organizations to try to get control of the problem, but so far it has been depressingly ineffective, aiding only a tiny fraction of victims.
— The Asia Sentinel

Gov’t Pins Hope on PPPs to Lure the Private Sector Into Infrastructure Initiatives
Indonesia is now much better prepared to tap into private sector financing to help develop national infrastructure projects, thanks to new initiatives put in place over the last decade to facilitate public-private partnerships, or PPPs.
— Jakarta Globe

Minister inaugurates gas network to serve 24,000 households in Surabaya
The Energy and Mineral Resources Ministry inaugurated a gas network to serve 24,000 households in Surabaya, East Java, on Sunday.
— The Jakarta Post

Jakarta launches online platform for SMEs
The Jakarta administration has launched an online platform for small and micro enterprises (SMEs), allowing them to market their products to various regions in Indonesia through the city’s official website.
— The Jakarta Post

Icasa, the growth area
We are familiar with Asean—the grouping of 10 Southeast Asian nations. And BRICS, an acronym coined by Goldman Sachs economist Jim O’Neill in 2001, which stands for Brazil, Russia, India and China. They then accounted for 8 percent of the world economy. Later, South Africa was added.
— Inquirer.net

Sex island: Women flocking to THIS holiday hotspot to romp with beach gigolos
WOMEN tired of their hubbies at home are romping with gigolos at one holiday hotspot, it’s been revealed.
— Daily Star

 

Feature photo Celina Schou
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Stella-maris Ewudolu

Stella-maris Ewudolu

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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