Indonesia Morning News For November 28

Indonesia Morning News For November 28

Indonesia morning newsIndonesia launches sequel to tax amnesty
Under pressure to plug a looming revenue shortfall, the Indonesian government is giving taxpayers another chance to report previously hidden assets, a move dubbed by critics as “tax amnesty chapter two.”
— Nikkei Asian Review

Minister of SOE Appoints New Director of Human Capitals for Pertamina
Indonesia Minister of State-Owned Enterprises (SOE) Rini Soemarno has appointed a new Director of Human Capitals for state-owned energy company Pertamina on November 27, 2017.
— Netral News

BI Issues Regulation to Use Local Currency in Bilateral Transactions
Bank Indonesia (BI) issued provisions on the completion of bilateral trade transactions with two countries, namely Thailand and Malaysia.
— Netral News

Exclusive: Go-Jek said to have invested in Bangladesh ride app Pathao
Indonesian unicorn Go-Jek is learnt to have picked up a minority stake in Bangladesh-based two-wheeler ride-hailing app startup Pathao, according to two people familiar with the development.
— DealStreetAsia

Coca-Cola to sell hot coffee in Indonesia
The local arm of Australia-listed Coca-Cola Amatil (CCA) plans to start selling hot coffee in Indonesia by the end of the year.
— The Jakarta Post

Indonesia: BRI completes acquisition of VC firm Bahana Artha Ventura
Indonesian state-lender Bank Rakyat Indonesia (BRI) has completed the acquisition of 35 per cent stakes in venture capital firm Bahana Artha Ventura (BAV), a subsidiary of state-owned Bahana Pembinaan Usaha Indonesia (BPUI).
— DealStreetAsia

Indonesian authorities extend Bali airport closure over volcanic ash
Indonesian authorities on Tuesday extended the closure of the international airport on the resort island of Bali for a second day over fears of a volcanic eruption.
— The Nation

President Jokowi Considers Palm Oil as Indonesia`s Green Gold
President Joko Widodo or Jokowi claims that the country’s palm oil industry is the largest in the world.
— Tempo

JK Asks Chinese Investors Not to Bring Too Many Migrant Workers
Vice President Jusuf Kalla (JK) has asked Chinese investors not to bring too many migrant workers to Indonesia.
— Tempo

Infrastructure, Education and Software Development Key to Growth of Indonesia’s Digital Economy
Indonesia must focus on infrastructure and education to accommodate rapid growth in information and communication technologies, while also encouraging local entrepreneurs to engage in software development, an Ericsson executive told the Jakarta Globe on Monday (27/11).
— JakartaGlobe

Rupiah Strengthens While Dollar Plunges as The Fed Shows Dovish Stance
The exchange rate of rupiah against the US dollar moved higher in early trading opening on Monday (11/27/2017).
— Netral News

Indonesia replants oil palm trees on 9,109-ha land in N Sumatra
The government is planting oil palm trees to replace old ones on 9,109.29 hectares of plantations owned by local growers in North Sumatra to help increase the productivity of the plantations.
— The Jakarta Post

Retailers lower target of Christmas and New Year’s sales
Retailers expect to have sales growth between only 15 and 20 percent month-on-month (mom) during the year-end holidays — Christmas and New Year — compared to about 25 to 30 percent sales growth in the previous years.
— The Jakarta Post

Food stocks to last till year-end: Bulog
The State Logistics Agency (Bulog) said on Monday that food stocks would last until the end of the year, including during the Christmas and New Year holidays.
— The Jakarta Post

PTPP Secures New Contracts worth IDR33.5 Tln as of October 2017
State-owned construction company Pembangunan Perumahan (IDX:PTPP), also known as PTPP has obtained new contracts worth IDR33.5 trillion as of the end of October, 2017.
— Netral News

BCA Acquires Shares of CS Finance for IDR220 Bln
PT Bank Central Asia Tbk (BBCA.JK) or BCA has officially acquired shares of PT Central Santoso Finance or CS Finance.
— Netral News

EV Hive merges with Clapham Collective
EV HIVE, Southeast Asia’s largest collaborative workspace, announced the closing of its merger with Clapham Collective (Clapham), a community workspace located at the heart of Medan, North Sumatra, Indonesia.
— Digital News Asia

 

Feature photo ILO/A. Azhari

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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