Indonesia Morning News For October 17

Indonesia Morning News For October 17

Indonesia morning newsIndonesia Faces Challenges in Infrastructure, Tax, Poverty
Indonesia is on track to become a trillion-dollar economy and should be the envy of Southeast Asia. Yet on some key measures, the region’s biggest economy is falling behind.
— Financial Tribune

President Jokowi inaugurates Baswedan, Uno as Jakarta governor, vice governor
President Joko Widodo (Jokowi), at the State Palace, here, Monday, inaugurated and swore in Anies Baswedan and Sandiaga Uno, respectively as the governor and vice governor of Jakarta for the 2017-2022 period.
— Antara

Indonesia Hunts For Investors for Projects Worth Hundreds of Billions
Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist.
— Bloomberg

TEI 2017 records trade transactions worth US$1.2 billion
The five-day Indonesian trade exhibition called the Trade Expo Indonesia (TEI) 2017 held at the Indonesia Convention Exhibition (ICE) in Serpong, Banten, concluded trade transactions worth US$1.2 billion, exceeding its previous target of $1.1 billion.
— Antara

Indonesia`s imports down 5.39 percent in September
Indonesias imports dropped 5.39 percent to US$12.78 billion in September 2017 from $15.50 billion a month earlier, according to the Central Statistics Agency (BPS).
— Antara

Indonesia, Niger agree to cut tariff barriers
The Indonesian and Nigerien governments have agreed to reduce tariff barriers, in an attempt to increase trade between the two countries.
— Antara

SINGAPORE STOCKS OVER 2-MONTH HIGH, INDONESIA MARKET HIGHER
Drivers picket to oppose the government’s plan to phase out old and dilapidated jeepneys on a street in Paranaque City, south of Manila. The Philippine stock exchange was closed on Monday due to a transport strike.
— GENTRY BUSINESS LEADER

Indonesia, OCA agree on amendments to contract for Asian Games 2018
The Indonesian government and the Olympic Council of Asia (OCA) have agreed on several amendments to the contract to host the Asian Games 2018, including addendum on the use of sponsor funds from local and foreign companies.
— Antara

Indonesia to be Asia’s new $1-trillion economy
Indonesia is on track to become a trillion-dollar economy and should be the envy of Southeast Asia.
— Business Standard

JNE Collaborates with Tokopedia to Provide Payment Service
Shipping and delivery services company JNE continues to innovate in its 27 years of doing business.
— Netral News

Indonesia may see 5.4 pct growth this year: official
Indonesia’s Coordinating Minister for the Economy Darmin Nasution said on Monday that the nation may see a 5.4 percent economic growth by the end of this year on the back of improving economic parameters, including investments and exports.
— Xinhua

Japan, Indonesia to study ship-based power generation
The Japanese and Indonesian governments will research a plan to provide power to Indonesian islands through ships that generate electricity using liquefied natural gas (LNG).
— Hellenic Shipping News

Opposition-backed Baswedan sworn in as Jakarta governor
Former education minister Anies Baswedan was sworn in Monday as new governor of the sprawling Indonesian capital of Jakarta for a five-year term in a ceremony at the presidential palace.
— Nikkei Asian Review

Indonesia Posts Trade Surplus for Second Straight Month
Indonesia posted an external trade surplus for a second straight month in September as the country’s main commodity exports increased, the Central Statistics Agency said on Monday (16/10).
— Jakarta Globe

Central Bank Survey: Credit Demands Increase in 13 Economic Sectors
Throughout the third quarter of 2017, demand for credit in 13 economic sectors have increased, especially in the processing or manufacturing sector, but demand for financing on mining indicated still sluggish.
— Netral News

Lost from Thailand and Malaysia, Forex Proceeds from Tourism Sector only $11.3 Bln
The contribution of the tourism sector to Indonesia’s foreign exchange (forex) reserves is still relatively limited compared to other countries in the region.
— Netral News

Jokowi roots for private investment as Freeport dispute lingers
Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist.
— Malay Mail Online

Indonesia considers ban on “destructive” LGBT-related TV content
Days after a long-running Indonesian television comedy aired last month, its producers got a letter from the broadcast commission warning that a male character in the show was “dressed and behaving like a woman” and could violate broadcasting standards.
— Business Insider

INDONESIA ENCOURAGES ASEAN CURRENCIES IN TRADE
Bank Indonesia will allow transaction settlement for bilateral trade between Indonesia, Malaysia and Thailand to be conducted in local currencies next year.
— GENTRY BUSINESS LEADER

What’s Next for Indonesia-Laos Security Ties?
Both sides continue to look for opportunities in the defense realm as they develop their broader relationship.
— The Diplomat

UNCLEAR POLICIES THREATEN FILM INDUSTRY
Weeks before Joko Anwar’s latest film “Pengabdi Setan,” or Satan’s Slave, opens in cinemas, producer Sunil Samtani from Rapi Films pursued a different promotion strategy.
— Jakarta Globe

Coordinating Minister Darmin Argues IMF Analysis on Indonesia’s Economic Growth Outlook
Coordinating Minister for Economic Affairs Darmin Nasution still admitted economic growth will be better after seeing Indonesia’s investment and exports which continue to improve even if viewed in month to month (MTM) the figure is not too high. However, if viewed annually (YOY) exports are much higher.
— Netral News

DEN on Cross-Sectoral Cooperation Necessary to Realize Gas Dispensers in Existing Fuel Stations
The National Energy Council (DEN) assesses the need for cross-sectoral cooperation to realize the operation of fuel stations that provide gas dispensers within the next 12-24 months.
— 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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