Indonesia Morning News For October 19

Indonesia Morning News For October 19

Indonesia morning newsIndonesia Takes First Steps Towards a Digital Fiat Currency Solution with eCurrency
eCurrency Mint Limited (eCurrency) announced today that it has partnered with PayPro Indonesia to provide eCurrency’s digital fiat currency (DFC) solution in Indonesia.
— Business Wire

Qatar and Indonesia edging towards close economic cooperation
HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has lauded the “progress” Qatar and Indonesia are making towards “close economic cooperation.”
— Gulf Times

Tokyo Gas invests in Indonesian supplier
Tokyo Gas Co. and the Development Bank of Japan said Tuesday that they have acquired a 33 percent equity stake in an Indonesian gas supplier.
— The Japan News

Big data helps Bank Indonesia plug gaps in official figures
Bank Indonesia is turning to the machines to help make its policy more effective. In a country of 260 million people spread across more than 17,000 islands, gathering the right kind of information at the right time presents a unique challenge to the central bank.
— The Straits Times

Industry Ministry seeks investment from Japanese mid-sized companies
Industry Minister Airlangga Hartarto has requested mid-sized Japanese companies to invest in Indonesia’s manufacturing industry, particularly in the automotive, electronics and food and beverage sectors.
— The Jakarta Post

Investing in Property: Luxurious Villa for Sale in Panama
Those who have business interests in Panama and seek their dream house in the beautiful hills of this Central American country, or those who search an interesting investment object in Panama’s property sector, now have a great opportunity at their disposal.
— Indonesia Investment

Grab halts e-money top-ups in Indonesia
Singaporean ride-hailing service Grab has partially suspended its electronic payment service in Indonesia, following similar moves by other e-commerce players feeling the heat from local regulators.
— Nikkei Asian Review

Indonesia’s Telkomsel wins spectrum for $74 million
The mobile unit of Indonesia’s state-owned telecommunications company, Telekomunikasi Indonesia, won a spectrum for 1 trillion rupiah ($74 million) as it aims to extend its dominance in the country.
— Nikkei Asian Review

Malaysian actor jailed for 11 years over Indonesian drug smuggling
A Malaysian actor was sentenced to 11 years in prison Wednesday for trying to smuggle crystal methamphetamine hidden in his rectum into the Indonesian island of Sumatra.
— The Nation

As parties scramble, Jokowi won’t commit to Indonesia vote race
Even as four political parties throw their weight behind Joko Widodo running for re-election, Indonesia’s president isn’t committing.
— Today Online

New Toll Road Improves Connectivity in North Sumatra Growth Center
Last week Indonesian President Joko Widodo inaugurated the 41.7-kilometer Parbarakan-Sei Rampah section of the Medan-Kualanamu-Tebing Tinggi toll road in North Sumatra.
— Indonesia Investment

CORRECTED-Indonesia’s PGN forecasts natural gas sales to rebound in 2018 – director
Indonesia’s state-owned gas company, Perusahaan Gas Negara (PGN), the country’s biggest gas utility, expects a slight increase in gas sales in 2018 after years of stagnant demand growth in Southeast Asia’s largest economy.
— Reuters

Indonesia: Fintech startup Bareksa to raise funds, in talks with Chinese strategic investors
Financial marketplace startup Bareksa is looking to raise its second round of funding and is currently in discussions with several local and global investors, including Chinese corporations, Bakreksa co-founder and chairman Karaniya Dharmasaputra told reporters in Jakarta.
— DealStreetAsia

Indonesia: Crowdfunding startup Danadidik raises seed round from impact fund
DanaDidik, an Indonesian crowdfunding platform for students, has raised seed funding from Singapore-based impact investment fund Garden Impact, Tech in Asia reported.
— DealStreetAsia

Indonesia Mulls Local Content Requirements for Internet of Things
The government is considering a plan to force all Internet of Things, or IoT, device manufacturers to source most of their materials from Indonesia, setting up a barrier that would help keep the country’s trade balance in check.
— Jakarta Globe

Mapan uses traditional financing method to aid rural communities
THE Indonesian Financial Services Authority (OJK) and the financial services industry players have continuously held a range of financial education and inclusion programmes to increase financial literacy.
— Digital News Asia

National Fish Export Value Rises 23 Percent from 2015
Susi Pudjiastuti, Minister of Maritime and Fisheries, has disclosed the achievement of national fish export entering the fourth quarter of 2017. Nationally, national fish export value has reached US $2.38 billion, or equivalent to IDR32.13 trillion.
— Netral News

Indonesia: Rimau gets shareholders’ nod to raise $252m to buy AirAsia unit
Shareholders of Indonesian transportation firm PT Rimau Multi Putra Pratama Tbk have approved the company’s plans to raise 3.4 trillion rupiah ($251.57 million) through a rights issue to buy PT Indonesia AirAsia.
— DealStreetAsia

Energy Ministry sets 35 percent revenue growth
The Ministry of Energy and Mineral Resources (ESDM) is projecting a growth of 35 percent in state revenue from the energy and mineral resources sector by the end of 2017.
— Antara

Govt to add two new maritime highway routes
The government plans to open next year two new routes in its maritime highway program, the Transportation Ministry’s inspector general, Wahju Satrio Utomo, has said.
— The Jakarta Post

BPH Migas Revealed Constraints in Setting Fixed Oil Price
Managing Agency for Downstream Oil and Gas Activity (BPH Migas) revealed the problem faced by government programs in implementing a fixed price for fuel oil (BBM) in Indonesia.
— 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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