Indonesia Morning News For October 18

Indonesia Morning News For October 18

Indonesia morning newsJokowi scouting for private investment as Freeport row 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.
— Gulf Times

Bank Indonesia Releases Rules to Boost Local Currency Use for Trade in Asean
Bank Indonesia, the country’s central bank, released a regulation on Monday (16/10) that will allow banks to facilitate Indonesian traders conducting transactions with foreign counterparts in their respective currencies instead of the US dollar to reduce a reliance on the greenback and mitigate impacts from a volatile global market.
— Jakarta Globe

Indonesia takes steps to expands export to new markets
Indonesian trade ministry has set up a plan to boost exports to non-traditional markets which have shown higher growth recently, Trade Minister Enggartiasto Lukita said on Tuesday.
— Xinhua

Iran Deepening Ties With Brazil, Indonesia and Algeria
Iranian Minister of Economic Affairs and Finance Masoud Karbasian discussed issues of mutual interest with his counterparts from Brazil, Indonesia and Algeria on Monday.
— Financial Tribune

Indonesia`s exports to non-traditional markets begin to increase
Indonesias exports to non-traditional markets have begun increasing, as part of the effort to expand the export market for its commodities, Trade Minister Enggartiasto Lukita said.
— Antara

Vatican requires Indonesian bishop to return ‘stolen money’
The Holy See has asked Indonesian Bishop Hubertus Leteng, who recently resigned over allegations of theft and having an affair, to return the church funds he is accused of stealing.
— UCA News

Gov’t Has Built 39 New Dams and 840 Water Reservoirs
Ministry of Public Works and Housing has recorded the achievement of infrastructure acceleration in the era of President Joko Widodo and Vice President Jusuf Kalla.
— Netral News

ABERDEEN INDONESIA FUND INC TO ISSUE SEMIANNUAL DIVIDEND OF $0.02 (IF)
Investors of record on Friday, September 22nd will be given a dividend of 0.0198 per share on Friday, September 29th. This represents a yield of 0.5%. The ex-dividend date is Thursday, September 21st.
— Bangaloreweekly

Prepare your life plan today
Do you remember how your mother would always prepare your food when you were young? How she would always have lunch and snacks ready so you wouldn’t go about your daily activities on an empty stomach? Having the right amounts of nutrition is important to give you the energy to go about your day.
— The Jakarta Post

BKPM: Investment Climate Improving, Indonesia More Attractive as Investment Destination Target
The government of Joko Widodo and Jusuf Kalla (Jokowi-JK) will be three years old on October 20, 2017. Over the period, investment sector is considered to give significant results.
— Netral News

Jokowi sees low inflation laying ground for interest rate cuts
Indonesia’s success in taming consumer prices provides room for lower interest rates, President Joko Widodo said, while making it clear that it was the job of the central bank to determine whether to cut.
— The Edge Markets

Low Coupon Rate Makes Indonesia’s Latest ORI Bonds Unappealing
The offering period of the Indonesian central government’s latest series of (conventional) Indonesian Retail Bonds (in Indonesian: Obligasi Ritel Indonesia, or ORI) is almost over (it closes on Thursday, 19 October 2017). Contrary to our earlier report, demand for the ORI014 series seems not as strong as initially expected.
— Indonesia Investment

Industry Minister Aims to Attract More Investment During Japan Visit
Industry Minister Airlangga Hartarto aims to attract more Japanese investment to Indonesia’s industry sector during a visit to Japan on Oct. 16-21, where he is scheduled to meet with business leaders and government officials.
— Jakarta Globe

Islamists cast a long shadow over Indonesian society
Moderate Muslims in Indonesia, a regional power that accounts for some 40% of the gross domestic product of the Association of Southeast Asian Nations, are becoming more receptive to a fundamentalist version of Islam that seeks to impose religious rules and values on everyone.
— Nikkei Asian Review

Indonesia important for China’s economy
Indonesia is considered important for Chinas economy since the Belt and Road Initiative (BRI) established by Chinese President Xi Jinping in 2013.
— Antara

Dutch expertise contributes to promising future for heritage railways
The B 2503 rack-and-pinion locomotive, a product of Germany’s Esslingen engineering works, groans and creaks into motion.
— The Jakarta Post

Tourism Sector Among Five Major Contributors of Foreign Exchange Income
The development of tourism sector is quite significant as it sits at the top five contributors of foreign exchange income during the three years of Joko Widodo – Jusuf Kalla’s term.
— Netral News

IMF, World Bank monitor developments of active Mount Agung
The International Monetary Fund (IMF) and World Bank (WB) are monitoring the developments of Mount Agung that has been active and can potentially erupt, Finance Minister Sri Mulyani Indrawati stated.
— Antara

PP Properti Bulk Sells 678 Units of the Alton Apartment to Diponegoro University Alumni Association
The PP Properti (PPRO) is developing The Alton Apartment, apartments for students which strategically located in the campus area of Tembalang, Semarang, Central Java.
— 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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