Indonesia Morning News For November 17

Indonesia Morning News For November 17

Indonesia morning newsBank Indonesia Revises 2017 GDP Growth Forecast to 5.1%
Bank Indonesia revised its forecast for 2017 economic growth to 5.1 percent on Thursday (16/11), near the lower end of its previous range of 5.0 percent to 5.4 percent.
— Jakarta Globe

Indonesia anticipates electricity oversupply
Energy and Mineral Resources Minister Ignasius Jonan has said that the reason for regrouping the customers of state-owned electricity company PLN was in anticipation of the increased production of electricity due to the 35,000 megawatt (MW) program expected to be achieved in 2019.
— The Jakarta Post

Rupiah Tumbles 1.27 Percent Against US Dollar in October
The Indonesian rupiah depreciated 1.27 percent against the US dollar to Rp13,523.07 in October 2017, the Central Statistics Agency (BPS) said.
— Tempo

Observer: State Mining Holding Company Has Potential to Create Three Crucial Issues
Pros and cons of the formation of holding company for state-owned enterprises (SOE) engaged in mining sector become increasingly prominent.
— Netral News

Batik Air Plans to Expand, Buy Seven Airbus
Batik Air, a subsidiary of Lion Air Group, is planning to buy seven Airbus next year, President Director Ahmad Luthfi said.
— Tempo

PLN Signs Rp20tn Deal for Renewable Energy
State power company (PLN) signed renewable energy sale and purchase agreements with nine independent power producers today, November 16.
— Tempo

KFC Targets IDR6.03 Trillion Sales Next Year
PT Fast Food Indonesia Tbk (FAST), the manager of fast food chain Kentucky Fried Chicken (KFC) targets to achieve sales of IDR6.03 trillion in 2018. Sales are projected to increase 10 percent compared to sales target throughout this year.
— Netral News

Indonesia introduces Gayo coffee to Canadian buyers
The government has invited coffee buyers from Canada to Takengon in Central Aceh to take a close look on the production process of Gayo coffee, a specialty coffee only grown in the area.
— The Jakarta Post

Jokowi Adamant to Get 51 Percent Stake in Freeport
The government continues to push US-based miner Freeport Indonesia to divest their shares.
— Tempo

Aceh Investment Forum 2017 kicks off
The Aceh Investment Forum 2017 kicked off at Shangri-La Hotel in Jakarta on Thursday to boost investment, trade and tourism sectors in the northern province of Indonesia.
— The Jakarta Post

Exports up 3.62 percent in October
Export in October continued to increase by 3.62 percent on a monthly basis to US$15.09 billion, as well as import, which was up 11.04 percent to $14.19 billion, as commodity prices and global demand continued to stay relatively high.
— The Jakarta Post

MHPS Begins Construction Work for Indonesia’s Cirebon Power Plant Expansion Project
Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has started construction work for the Cirebon Coal-Fired Power Plant Expansion Project in Indonesia.
— Asia One

New regulation for OTT activities in Indonesia
Indonesia’s Minister of Communication and Informatics (MoCI) recently organized a discussion on a draft regulation concerning over the top (OTT) applications and content, in which HPRP had the honour of participating.
— Vantage Asia

Top Indonesia official escapes arrest by anti-graft police
Indonesia’s anti-graft police say they’ll declare the speaker of parliament a fugitive if he doesn’t turn himself in after being accused of involvement in the theft of $170 million of public funds.
— Business Standard

Italian Manufacturers Seek Cooperation With Indonesian Businesses in Printing, Packaging
Italian manufacturers on Wednesday (15/11) expressed their interest to increase cooperation with their Indonesian counterparts, particularly in printing and packaging, during the 2017 Printech Indonesia event in Kemayoran, North Jakarta.
— Jakarta Globe

With ban lifted, importer initiates wagyu war in Indonesia
An Indonesian meat distributor is importing wagyu, long banned in the Southeast Asian country, in cooperation with the Japan External Trade Organization to test the local market, which has been dominated by the same breed from Australia.
— Japan Times

Indonesia policy dilemma looms as credit growth lags
Indonesia’s hopes of hitting double-digit credit growth this year have all but faded, presenting a dilemma for policy-makers trying to stimulate Southeast Asia’s biggest economy in the face of rising global interest rates.
— Business Mirror

Coming to Indonesia, Decathlon Eyes Local and Economical Market
In the midst of the weakening of the retail industry, one of the sports equipment retail giants from France, Decathlon, is coming by opening outlets in Indonesia.
— 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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