Indonesia Morning News For November 1

Indonesia Morning News For November 1

Indonesia morning newsIndonesia introduces monitoring system for futures market
The Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) introduced a new system to monitor the futures commodity market to fight rampant illegal trading.
— The Jakarta Post

Indonesia sees 13.7 percent rise in Q3’s investment
Jakarta (VNA) – Indonesia’s investment activities are becoming more eventful as total investment capital in the third quarter rose 13.7 percent to 176.6 trillion rupiah (over 13.3 billion USD), higher than 155.3 trillion rupiah (about 11.7 billion USD) in the same time last year.
— VietnamPlus

Earnings & Shares of Indonesian Coal Miners Improve on Rising Price
The rising coal price is a great boost for the corporate earnings of coal mining companies as well as the share prices of those companies that are listed on the Indonesia Stock Exchange.
— Indonesia Investment

Indonesia Warships in Philippines on Goodwill Mission
On Sunday morning, two Indonesian warships visited the Philippines for what was termed a goodwill and cooperation mission. The visit was a reminder of the ongoing cooperation between the two Southeast Asian countries in the maritime domain.
— The Diplomat

Indonesia eyes buying more LPG from Saudi Arabia, UAE amid rising demand
Indonesia plans to increase LPG imports from Saudi Arabia and the UAE in a bid to meet rising domestic demand, Energy and Mines Ministry spokesman Dadan Kusdiana said Tuesday.
— Hellenic Shipping news

Indonesia: Gobi Partners-backed tour operator Tripvisto shuts down
Tour package booking site backed by Gobi Partners, Tripvisto, has ceased operations due to “worsening unit economics”, according to a report by Tech in Asia, revealing that the startup began to have trouble hitting operational targets in May 2017.
— DealStreetAsia

Indonesia: BCA earmarks $295m to acquire mid-size lender amid rising competition
PT Bank Central Asia is seeking to buy a mid-size lender as intensifying competition and a sluggish Indonesian economy prompt some owners to consider exiting the industry, according to the firm’s top executive.
— DealStreetAsia

Strong earthquake of 6.3 magnitude hits eastern Indonesia
A strong earthquake with a 6.3 magnitude struck eastern Indonesia on Tuesday (Oct 31), causing some damage to buildings and sending people running from their homes.
— Channel NewsAsia

Indonesia’s most valuable bank prowls for acquisition targets
PT Bank Central Asia is seeking to buy a mid-size lender as intensifying competition and a sluggish Indonesian economy prompt some owners to consider exiting the industry, according to the firm’s top executive.
— The Jakarta Post

Transportation Ministry Issues ‘Online Taxis’ Regulation to be Effective by November 1
After going through a series of discussion process, public reviews and socialization, Ministry of Transportation on October 24, 2017 issued the Minister of Transportation Regulation No. 108 Year 2017 on the Implementation of People Transportation With Public Vehicles Not in Particular Routes.
— Netral news

Weak Request, Indofood’s Profit Grows a Low 1.2 Percent
PT Indofood Sukses Makmur Tbk (INDF) posted a net profit growth of 1.2 percent to IDR3.28 trillion at the end of the third quarter of 2017 compared to the same period last year with IDR3.24 trillion.
— Netral News

Farmers urge govt to control tobacco import
The Indonesian Tobacco Farmers Association (APTI) has called on the government to control the importation of tobacco to protect local farmers who have been heavily affected by the influx of imported tobacco.
— The Jakarta Post

Auction Market for Banyuwangi Agricultural Products Generate IDR168 Bln, in Just 5 Hours
Banyuwangi Regency Government continues to facilitate the marketing of products produced by farmers and ranchers. One of them is by holding an Agro Auction Market that brings together buyers and sellers directly, Tuesday (10/31/2017).
— Netral News

OJK Appeals Public to Anticipate Rapid Growth of Fintech
The rapid development of digital financial services (fintech) has changed the pattern of transactions, from manual to digital.
— Netral News

Foreign investment and Indonesia’s weak human capital
Investment in Indonesia is still dominated by foreign direct investment (FDI), which accounted for 61.4 percent in the first half of 2017.
— The Jakarta Post

Oversold Spotlight: PT Telekomunikasi Indonesia Tbk (TLK)
Technical analysis is taken considering latest data in today current trading session.
— WallStreetMorning

Government to proceed with construction of two islands in Jakarta Bay
Vice President Jusuf Kalla said that the government would proceed with the reclamation of Jakarta Bay to build two islands, C and D, out of the total 14 islands planned to be constructed previously.
— Antara

From Now On Only Cashless Payments at Indonesia’s Toll Roads
Starting from today (Tuesday 31 October 2017) all toll roads in Indonesia only accept e-money (effectively ending the use of cash for payments at the toll road exit or entrance gates).
— Indonesia Investment

Indonesian Air Force to deploy squadron of fighter jets in Biak
The Indonesian Air Force plans to deploy a squadron of fighter jets in the Manuhua Airbase in Biak Numfor district, Papua province, next year after its status has been upgraded to type A from type B.
— Antara

Toshiba Electronic Devices & Storage Corporation launches new surface-mount brushed motor driver IC
Toshiba Electronic Devices & Storage Corporation has broadened its line-up of small surface-mount brushed motor drivers with the addition of “TB67H420FTG,” which supports high-voltage, large-current drive for home-use robot vacuum cleaners, printers and other office equipment. Mass production starts today.
— Antara/Business wire

Indonesia’s manufacturing PMI falls to 50.1 in October
The Nikkei Indonesia Manufacturing Purchasing Managers’ Index, or PMI, fell to 50.1 in October from 50.4 in September.
— Nikkei Asian Review

President Director of Pegadaian Talks about Indonesian Economy Justice at IPB
President Director of PT Pegadaian (Persero) Sunarso delivered a public lecture entitled “Building a Just Indonesia Economy” at Bogor Agricultural Institute (IPB) to commemorate Youth Pledge Day on Saturday (10/28/2017).
— Netral News

Feature photo Asian Development Bank
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).

Indonesia morning news by AEC News Today is your one stop source for Indonesia news on matters of governance and policies affecting Asean business communities and is published M-F by AEC News Today: Governance, not government; policies not politics.

 

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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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