Indonesia Morning News For November 15

Indonesia’s Central Bank to Hold Interest Rate at 4.25 Percent: Reuters Poll
Indonesia’s central bank is widely expected to keep its key interest rate unchanged on Thursday (16/11) despite sluggish economic growth, as it prioritizes stability before an anticipated hike in US rates.
— JakartaGlobe

Gov’t Amends Contracts With 13 Coal Miners
Indonesia has amended contracts with 13 coal mining companies, including some of the country’s biggest producers of the fossil fuel, as part of a shift toward a new mining permit system it expects to boost government revenues.
— JakartaGlobe

Jokowi Calls on EU to Stop Discriminating Palm Oil
President Joko Widodo or Jokowi has asked the European Union (EU) to stop discriminating palm oil.
— Tempo

Indonesia to Import 400,000 Electric Cars by 2025
The Industry Ministry expects 25 percent or 400,000 low carbon emission vehicles (LCEV) to enter Indonesia by 2025.
— Tempo

World Bank: It’s the Right Time to Invest in Indonesia
Indonesia is increasingly trusted internationally as a region of seven investments, following the recognition of Japan Prime Minister Shinzo Abe.
— Netral News

Indonesia told by WTO to relax meat import controls
Tough Indonesian import restrictions on meat and meat products have been declared in breach of international commerce rules by the World Trade Organization (WTO) appellate body
— GlobalMeatNews

Exclusive: Indonesia Go-Jek said to have acquired majority stake in payments firm Kartuku
Indonesian consumer and ride-hailing giant Go-Jek is learnt to have acquired a majority stake in payment service provider Kartuku, three sources aware of the development told DEALSTREETASIA.
— DealStreetAsia

Indonesia`s Coffee Exports to South Korea Jump 53 Percent
Indonesia’s coffee exports to South Korea in the first eight months of 2017 have recorded an increase of 53.01 percent to reach US$9.42 million as compared to the same period last year, according to the Trade Ministry.
— Tempo

Indonesia reorganizes Batam Port authorities
The Indonesian government has started reorganizing the authorities of Batam Port in Riau Islands as the new system is planned to be implemented by the end of this year.
— The Jakarta Post

Japan signs Rp 14.2t loan agreement for Patimban port project
The Japanese government has signed a loan agreement for Rp 14.2 trillion (US$1.04 billion) to fund the Indonesia-Japan flagship Patimban deep seaport project in Subang, West Java.
— The Jakarta Post

Govt Invites China to Invest in Renewable Energy
The Indonesian government encourages China to invest in the archipelago’s new and renewable energy sector.
— Tempo

2018 GDP growth nothing to write home about, forecast suggests
Private lender United Overseas Bank (UOB) Indonesia expects only a slight uptick in GDP growth next year.
— The Jakarta Post

Indonesia-Vietnam to Strengthen Industrial Supply Chain at Regional Level
Indonesia is going to use Vietnam’s potential to become a regional export market and supply-chain destination for the national industry.
— Netral News

Holding of Perkebunan Nusantara Records Profit of IDR921 Billion in October 2017
Holding of Perkebunan Nusantara or PTPN III (Persero) has recorded a consolidated net profit of IDR921 billion per October 2017 compared to the same period in 2016, which lost IDR806 billion.
— Netral News

Indonesia: Mobilkamu raises seed funding from East Ventures & Denali Partners
Mobilkamu, a personalised end-to-end solution for car buyers, has secured an undisclosed amount of seed funding from early-stage venture capital firm East Ventures and private equity firm Denali Partners, as well as secured Bukalapak as its exclusive partner.
— DealStreetAsia

Indonesia to host MICE/Business Event ASEAN 2018
Next year is going to be a busy year for Indonesia. Other than hosting two big international events, namely Asian Games 2018 and the Annual Meetings of International Monetary Fund & World Bank Group, the country is also set to host the Meeting, Incentive, Convention and Exhibition (MICE)/Business Event ASEAN 2018 on April 9 -11 at ICE BSD, Tangerang.
— The Jakarta Post

Indonesian volunteers save six beached whales
Indonesian volunteers managed to save six whales beached on the northern tip of Sumatra but four died, a conservation official said on Tuesday.
— Reuters/Business Insider

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