Indonesia Morning News For November 3

Indonesia Morning News For November 3

Indonesia morning newsUS Ambassador Criticizes Investment Regulations in Indonesia
US Ambassador to Indonesia Joseph R. Donovan on Thursday, November 2, criticized a number of regulations that are against foreign investors.
— Tempo

DPR Calls on Govt to Finalize Personal Data Protection Law
The House of Representatives (DPR) called on the government to finalize the personal data protection law.
— Tempo

Indonesia finance minister says economy can weather shocks from Fed hikes
Indonesia’s economy is now in a much better position to weather any shocks on global markets due to further increases in U.S. interest rates, Finance Minister Sri Mulyani Indrawati said in an interview on Thursday.
— Reuters

September Foreign Tourist Arrivals Rise 12.7 Percent
Indonesia received 1.04 million foreign tourist arrivals in September, up 12.7 percent from the same month last year, the Central Statistics Agency said on Wednesday (01/11).
— Jakarta Globe

Jakarta Minimum Wage 2018 at Rp3.64mn; Anies Promise Food Subsidy
The Government of Jakarta decided that the provincial minimum wage for 2018 is set at Rp3,648,035 per month. This figure follows the calculation that the businesses group proposed during the discussion.
— Tempo

Indonesia Seeks to Bolster Palm Oil Sector by Increasing Plantation Productivity, Strengthening Role of Smallholder Farmers
Indonesia, the largest palm oil producer in the world, will seek to increase plantation productivity and strengthen the role of smallholder farmers, Coordinating Economic Affairs Minister Darmin Nasution said at a conference on Thursday (02/11).
— Jakarta Globe

One in five Indonesian students support Islamic caliphate: survey
Nearly 20 percent of high school and university students in Indonesia support the establishment of a caliphate in the world’s largest Muslim-majority country over the current secular government, a new survey showed this week.
— Reuters

Investors See Growth on the Horizon for Indonesia’s Nascent Startup Industry
Venture capital firms are optimistic about the growth of the startup industry in Indonesia.
— Jakarta Globe

Business Owners Support Sandiaga Uno`s Halal Tourism

Tourism business owners positively welcomed the halal tourism program pitched by Jakarta Deputy Governor Sandiaga Salahuddin Uno. PT Jakarta Tourisindo (Jaktour) CEO Geraard Jeffrey Zacharias Rantung said that Sandiaga’s halal tourism initiative is in line with his company’s visions and missions.
— Tempo

Gov’t in Hurry to Fix LRT Financing by December
The government is racing with time to prepare documents allowing state-owned construction company Adhi Karya to obtain the funding it needs to finish the light rail transit project in the greater Jakarta area.
— Jakarta Globe

Freeport under multiple guns in Indonesia
Locked in protracted negotiations with the Indonesian government over the future of its hugely profitable Grasberg mine, Freeport McMoRan Copper & Gold now faces an unsteady share price and deteriorating security around its Papua-based operations to add to its troubles.
— Asia Briefing

Indonesian finance minister eyes further use of yuan
There should be a mutual effort by China and Indonesia to intensify the use of yuan in bilateral trade and investment, Indonesian Finance Minister Sri Mulyani Indrawati told a media briefing in Hong Kong on Wednesday.
— Asia Briefing

Anies Baswedan Investigates Alexis Hotel since August
Head of Jakarta Tourism and Culture Department Tinia Budiarti revealed that the decision to close down Hotel Alexis was based on the findings of Anies Baswedan`s internal team, which was formed even before Anies was inaugurated as Jakarta Governor.
— Tempo

Oversupply Cuts Profits Short for Cement Producers
Indonesia’s cement producers are blaming oversupply and low retail price for heavy losses in the first nine months of this year.
— Jakarta Globe

Turning back Indonesia’s rising tide of radicalism
The son of moderate Muslim parents, Yaqut Cholil Qoumas has a strong conviction that Islam is a religion that upholds pluralism and peace.
— UCA 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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