Indonesia Morning News For November 9

Metro Pacific open to more partnerships with Indonesian firm
Metro Pacific Investments Corp. (MPIC) is open to expanding its partnership with Indonesian infrastructure holding firm PT Nusantara Infrastructure Tbk in other infrastructure sectors including water and energy following the tie-up forged for tollways.
— Philstar Global

Indonesia eyeing West African market to export health products
Indonesia is eyeing export of health products by participating at the “Medic West Africa & Medlab West Africa Exhibition” (MWA), the largest exhibition of tools and health products in West Africa, held in Landmark Center, Water Corporation Road, Victoria Island, Lagos, Nigeria, in October 11-13, 2017.
— Antara

Wedding of Joko Widodo’s daughter attended by ‘Who’s Who’ of Indonesia
The who’s who of Indonesian politics and business gathered in Solo, the hometown of President Joko Widodo in Central Java on Wednesday (Nov 8), to celebrate the nuptials of his only daughter Kahiyang Ayu, and property firm director Bobby Nasution.
— The Strait Times

AXA Indonesia merges two of its business entities, names changed
AXA in Indonesia has merged two of its business entities – namely AXA Financial Indonesia (AFI) and AXA Life Indonesia (ALI).
— Marketing Interactive

Australia-Indonesia free trade talks enter tough final stage
Prime Minister Malcolm Turnbull is expected to meet Indonesian President Joko Widodo in coming days as the two countries hammer out the final details of the first free trade deal Indonesia has signed in almost a decade.
— The Sydney Morning Herald

Indonesian energy conglomerate looks abroad for power-plant expansion
Major Indonesian coal miner Adaro Energy, which in recent years has entered the power-plant business at home, is looking to build power plants in neighboring countries in Southeast Asia.
— Nikkei Asian Review

Ngurah Rai in Bali Named World`s Third Best Airport
Ngurah Rai International Airport in Bali is once again listed as one of the world`s best airports for the category of 15-25 million passengers per year. Ngurah Rai receives the rate of 4.93 out of 5 from the Airport Council International (ACI).
— Tempo

315 construction firms join infrastructure expo
The Indonesia Infrastructure Week (IIW) 2017 expo organized by the Chamber of Commerce and Industry (Kadin) and the Public Works and Housing Ministry will see 315 companies present their products and services this year.
— The Jakarta Post

Indonesia’s GDP Growth Misses Expectations: ETFs in Focus
Indonesia’s economy grew slower than expected. GDP for the third quarter grew 5.06% year over year, per Badan Pusat Statistik Indonesia.
— Nasdaq

Airport train fare to be around Rp 100,000
State-owned railway operator PT Kereta Api Indonesia (KAI) is about to kick off trials on the new railway link between Soekarno-Hatta International Airport in Tangerang, Baten, and two stations in Jakarta.
— The Jakarta Post

Investment has grown in line with business confidence: Finance minister
Investment has grown positively in the third quarter owing to business confidence in the countrys economic conditions, Indonesian Finance Minister Sri Mulyani stated.
— Antara

Slashing LPG Subsidies, Jonan Set to Familiarize Electric Stoves
Minister of Energy and Mineral Resources (EMR) Ignasius Jonan revealed the plan of state-electricity company, PT Perusahaan Listrik Negara, or PLN to introduce electric stoves.
— Netral News

Japan megabank MUFG seeks 40% stake in Indonesia’s Bank Danamon
Bank of Tokyo-Mitsubishi UFJ aims to buy roughly 40% of Indonesia’s Bank Danamon with an eye toward a future majority stake, extending its Southeast Asian dealmaking push into the region’s most populous country.
— Nikkei Asian Review

Here is Why Investment Grows Positively in Q3 2017
In the third quarter of 2017, the investment component rose positively because business actors have a sense of confidence in the overall economic condition.
— Netral News

Bank Indonesia gives stage to halal businesses in Sharia Economic Festival
Indonesia needs to put emphasis on the empowerment of its sharia economic players rather than focusing solely on its sharia finance institutions in order to accelerate the development of the country’s sharia economy and finance, Bank Indonesia said.
— The Jakarta Post

Selling Adaro’s Shares, Saratoga Reaps IDR540.9 Bln
PT Saratoga Investama Sedaya Tbk (SRTG.JK), an investment company listed on the Indonesia Stock Exchange, reported that it has sold its Adaro Energy Tbk (ADRO.JK)’s shares.
— Netral News

Bappenas: Indonesia Can be a Developed Country in 2045
National Development Planning Agency (Bappenas) Head Bambang S. Brodjonegoro recently stated that Indonesia would be able to become a developed country by the year 2045 or 100 years post-independence if the economic growth is consistent within 5 percent.
— Tempo

Bogor – Bandung Double Track to Cost Rp1.1 Trillion
Transport Minister Budi Karya Sumadi said construction of double track railway between Bogor and Bandung via Sukabumi and Cianjur is estimated to cost Rp1.1 trillion.
— Tempo

Organizing up to 70 Percent Discount Bazaar, GAP Closes Outlet in Pondok Indah
Another retail store is joining the store-closing bandwagon, i.e., GAP outlet in Pondok Indah Mall (PIM) II. This closure adds to a row of clothing retail companies that close their outlets.
— Netral News

Feature photo Thomas Depenbusch
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).

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