Indonesia Morning News For November 21

Indonesia Morning News For November 21

Indonesia morning newsIndonesia asks US to cancel countervailing duty on biodiesel
Indonesia has called on the United States to cancel its final decision on the enforcement of a countervailing duty on Indonesian biodiesel products, by imposing tariffs of between 34.45 to 64.73 percent.
— The Jakarta Post

Policy confusion hobbles Indonesian mining
The long-running dispute between the Indonesian government and U.S. minerals company Freeport-McMoRan over Grasberg, the world’s largest gold mine and second-largest copper mine, shows little sign of ending any time soon — despite optimistic government claims to the contrary.
— Nikkei Asian Review

Government to integrate state lenders’ EDC services
The government plans to integrate the electronic data capture (EDC) services of three state-owned lenders – Bank Negara Indonesia (BNI), Bank Mandiri and Bank Rakyat Indonesia (BRI).
— The Jakarta Post

Indonesia to Issue New Regulation to Protect Tuna From Overfishing
Jakarta. The Indonesian government is planning to issue a new regulation to protect tuna from the dangers of overfishing, a senior official from the Maritime Affairs and Fisheries Ministry said on Monday (20/11).
— JakartaGlobe

Indonesia: Co-working space operators EV Hive, Clapham Collective merge
Co-working space chain operator EV Hive – an affiliate of East Ventures – has merged with Clapham Collective, a co-working space based in Medan, North Sumatra, Indonesia.
— DealStreetAsia

M Cash & Kresna acquire 29% in MatchMove Indonesia, prepare it for 2018 listing
E-kiosk and digital solutions provider M Cash Integrasi (MCI) and its backer Kresna Graha Investama have acquired a total of 29.82 per cent stake ( 14.81 per cent each) in MatchMove Indonesia, Singapore-based fintech startup’s regional unit. No other financial terms were disclosed.
— DealStreetAsia

Indonesia Second Favorite Destination for Muslim Millennial Travelers: Mastercard Report
Indonesia is Muslim millennials’ second-favorite holiday destination based on a recent report from Mastercard-Halal Trip Muslim Millennial Travel Report.
— JakartaGlobe

Bank Pan Indonesia Tbk (PNBN.JK)’s MFI Reading Under The Lens
The Money Flow Indicator for Bank Pan Indonesia Tbk (PNBN.JK) has touched above 60 and has found a place on investor’s radar as it potentially nears the key 70 mark.
— The Business Union

Batik Not Only Cultural Heritage but Can Also Employ Thousands of Workers
The batik industry absorbs about 600,000 workers, mostly women, said Dharma Pusaka Director.
— Netral News

Indonesia: IDN Media raises Series B from East Ventures, Central Exchange
Indonesia-based digital media company focusing on millennials and Gen-Z consumers, IDN Media, has raised an undisclosed sum of money in a Series B financing led by local venture capital firm East Ventures, an announcement revealed today.
— DealStreetAsia

Belgium to join Indonesian food expo to boost fries exports
The Belgian Potato Trade and Processing Industry Federation (Belgapom) will take part in the major Indonesian food expo SIAL Interfood 2017 to be held at the Jakarta International (JI) Expo Kemayoran in Central Jakarta from Wednesday to Saturday, in an effort to boost its frozen-potato sales.
— The Jakarta post

Pertamina Raises Pertamax Price Following Increase in World Oil Prices
The price of Pertamax fuel oil is adjusted by PT Pertamina (Persero). The prices in 35 regions in Indonesia thus are raised.
— Netral News

Garuda Indonesia Apologizes for Pilot’s Racist Remarks
State-owned Airline Garuda Indonesia issued an official apology regarding the incident where one of its pilots was caught on video stating racist remarks during a conversation with Silangit Airport’s customs officer in North Sumatera.
— Tempo

Indonesia’s Economy Sees Above 5.3 Percent Growth Next Year because of These
Economic growth throughout this year has not met government expectations. Nevertheless, economic growth in 2018 is expected to be above 5.3 percent.
— Netral News

Lawmaker calls for review of 35,000 MW program
House of Representatives Deputy Speaker Fadli Zon has called on the government to reevaluate its 35,000 megawatts (MW) electricity program as state-owned PLN currently has unused electricity equivalent to 40 percent of its total production.
— The Jakarta Post

Indonesia offers repatriation for ‘newfound’ citizens in the Philippines
Indonesia has changed now, said one man who introduced himself as a representative of the country. If any of you wants to go home, he said, “silahkan (please).”
— Rappler

Indonesia speaker swaps hospital for detention amid graft accusations
Indonesia’s parliament speaker has been charged in a major graft scandal thought to have cost the state $170 million, after a bizarre drama that involved a failed raid on his palatial estate.
— Capital News

Chinese, Singaporean Businesses to Invest in Lake Toba
The Indonesian government needs Rp11 trillion private investment to develop Lake Toba tourism in North Sumatra. Chinese and Singaporean investors have expressed their interest to develop supporting facilities in the tourist attraction.
— Tempo

 

Feature photo ILO/G. Lingga
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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