Indonesia Morning News For October 2

Indonesia Morning News For October 2

Indonesia morning newsIndonesia’s manufacturing PMI down to 50.4 in September
The Nikkei Indonesia Manufacturing Purchasing Managers’ Index, or PMI, fell slightly to 50.4 in September from 50.7 in August.
— Nikkei Asian Review

Exclusive: Indonesia startup M Cash Integrasi sets IPO price band, receives strong anchor book
Indonesia’s second e-commerce startup to go public, digital kiosk service provider M Cash Integrasi (MCI), has set its IPO price at between Rp 1,300 and Rp 1,450 ($0.097 – $0.11), DEALSTREETASIA has learnt.
— Deal Street Asia

Indonesia’s First Billion-Dollar Startup Looks to Expand Abroad
Go-Jek, Indonesia’s first billion-dollar startup, is looking to expand its ride-hailing services to three to four countries in Southeast Asia, escalating its rivalry with Grab and Uber Technologies Inc.
— Bloomberg

East Ventures makes $889k seed investment in Japan’s Nulab
Early-stage venture firm East Ventures, which has its roots in Indonesia, has made a JPY 100 million ($889,187) investment in Japanese firm Nulab. This is the first external investment for the enterprise, which was founded in 2004.
— Deal Street Asia

Beware the red peril: Indonesia still fighting ghosts of communism
Beware the evil communists, warn fearful hoax messages spreading on WhatsApp. Should people come to your village offering free blood tests, they are really trying to infect you with HIV.
— The Guardian

END OF THE ROAD FOR INDONESIA’S MOTORBIKES?
Motorbike regulations are creating more and more bumps in the road for commuters throughout Southeast Asia, as major cities try to curb two-wheelers to reduce traffic and air pollution.
— South China Morning Post

Asking Reduction of Export Tariff, Indonesia Holds Negotiations with Iran
Indonesia continues to expand market access of Indonesia’s potential products to non-traditional markets, including to Iran. To strengthen Indonesia’s exports to Iran, the Preferential Trade Agreement (PTA) was discussed between the Indonesian and Iranian Delegations which reached the 4th round, on September 28-30, 2017, in Jakarta.
— Netral News

Indonesia earns nearly 900 million USD from coconut exports
Indonesia’s coconut exports in the first eight months of this year reached nearly 900 million USD, while it simultaneously imported commodities worth 8.65 million USD, according to the Indonesia Agriculture Ministry.
— Vietnam Plus

AP II offers Rp11 trillion project to expand Kualanamu Airport
State-owned airport operator PT Angkasa Pura (AP) II is offering two packages of project for the expansion of the Kualanamu international airport of North Sumatra worth Rp11 trillion.
— Antara News

Gov’t Encourages the Export of National Coffee
Ministry of Industry has again held International Coffee Day celebration in Lampung, from September 29 to October 1, 2017, to boost exports and improve the performance of domestic coffee processing industry.
— Netral News

INDONESIA STOCKS LEAD SOUTHEAST ASIAN PEERS
The logo of Bank Indonesia is seen on a window in the bank’s lobby in Jakarta. Indonesian stocks rose on Friday after signs that the centra bank will pause rate cuts. (Reuters photo)
— Mendon Journal

Transport Sector to Boost Infrastructure in Three Tourism Sites
Transportation Ministry will boost construction of transportation infrastructure to support three main tourism destinations set by government including Yogyakarta, Lake Toba in North Sumatra, and Mandalika in West Nusa Tenggara.
— Tempo.co

Indonesia upbeat about UNSC bid
Indonesia is determined to win a non-permanent seat on the United Nations Security Council (UNSC), with Vice President Jusuf Kalla and Foreign Minister Retno LP Marsudi braving nearly 100 meetings as part of the country’s campaign.
— Jakarta Post

Thailand, Indonesia Ready to Host 2034 World Cup
Thailand is ready to be a co-host with Indonesia for 2034 World Cup.
— Tempo.co

 

Feature photo Frank Yuwono
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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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