Indonesia Morning News For October 20

Indonesia Morning News For October 20

Indonesia morning newsJokowi not ready to talk of re-election
Tomorrow marks Indonesian President Joko Widodo’s fourth year in office, but the popular leader – who succeeded in pushing for infrastructure development, and reforms in healthcare and education, as well as fighting corruption – refused to be drawn into re-election talk just yet.
— The Straits Times

In 2018 State Budget Draft, Gov’t Set to Raise Cigarette Excise Tax by 10.04 Percent
The government has set an excise tax on average of 10.04 percent for tobacco or cigarette in the 2018 State Budget Draft.
— Netral News

Indonesia central bank gov says 13,500 rupiah-to-dollar level ‘competitive’
The rupiah dropped to its weakest since December earlier this month, but since then has been trading within a narrow range of 13,455-13,517 per dollar.
— Business Recorder

Infrastructure projects should be completed on schedule: Minister
All infrastructure projects initiated and undertaken during the government of President Joko Widodo (Jokowi) should be completed on schedule.
— Antara

​Indonesian vessels begin four-day visit to Ho Chi Minh City
The Kri Sultan Hasanuddin-366 and Kri Sultan Iskandar Muda-367 of the Indonesian Navy docked at Nha Rong Wharf on Wednesday morning, commencing their trip to the southern Vietnamese city.
— Tuoi Tre

Demand for Indonesian fruits on the rise
Although Java Fresh is based in Indonesia, they have an office in Brittany, France.
— Fresh Plaza

Govt wants Mitsubishi to invest more in garments, petrochemicals
Industry Minister Airlangga Hartarto has expressed hope that Japan-based Mitsubishi Corporation invests further in Indonesia and seeks more partnerships with local industries, saying the giant company has the potential to boost competitiveness and productivity among the country’s manufacturers.
— The Jakarta Post

Telkomsel wins 2.3-GHz spectrum auction
Indonesian state-owned mobile operator Telkomsel has emerged as the winner of an auction for 30 MHz of 2.3-GHz spectrum with a bid of 1 trillion rupiah ($73.9 million).
— Telecomasia

Racial politics gaining resonance in Indonesia
Newly elected Jakarta governor Anies Baswaden has again inflamed racial and religious controversy, with an eye on one day winning the presidency.
— Asia Times

“Indonesia’s size means they have many products available almost year-round”
With the opening of an export centre near the Jakarta International Airport, Fresh Partners Asia has expanded its export supply of exotic fruit and vegetables. These are being marketed under the ‘Asia Fresh’ brand name.
— Fresh Plaza

Are Dbxt Msci Indonesia Etf 10 (KJ7.SI) Shares Picking up Steam?
Dbxt Msci Indonesia Etf 10 (KJ7.SI) shares are being monitored by traders as the TEMA is gaining upward momentum, signifying a potential uptrend for the name.
— JCTY News

Like Bali? Indonesia Wants to Create 10 of Them to Draw Chinese Tourists
China is on track to become the biggest tourist market for Indonesia for the first time this year, overtaking Singapore.
— Bloomberg

Indonesia needs more progress on pledged improvements to stave off slowdown
Few central banks have been busier over the last 22 months than Indonesia’s. Despite eight easing moves, however, growth is stuck at 5 percent, lagging China, India, the Philippines and Vietnam. Consumer spending was down an average 1.1 percent in July and August year-on-year.
— Global Times

Indonesia, Philippines see largest growth potentials among ASEAN, says DBS economist
Among six major countries in the Association of Southeast Asian Nations (ASEAN), Singapore and Malaysia are the best starting conduits for entering the Southeast Asian market; Indonesia and the Philippines are the two markets with the greatest development potentials, while Indonesia and the Vietnam suffer higher risk of currency volatility, according to Ma Tieying, vice president for economic and foreign exchange research at the Singapore-headquartered DBS Bank.
— DigiTimes

Punjab explores areas of collaboration with Indonesia
Punjab Minister for Industries Sheikh Allauddin has underscored the need for stepping up trade and business partnership with Indonesia with particular focus on small and medium enterprises.
— The Express Tribune

Can Jakarta Airport Compete as an International Air Hub?
It’s no secret that the aviation market in Indonesia is climbing fast and soaring high.
— Global Indonesian Voices

Sari Roti Teams Up With Caffe Bene to Make Forays Into South Korean Market
Nippon Indosari, a listed Jakarta-based bread and cake producer, reached an agreement with Caffe Bene, a Seoul-based coffeehouse chain, to supply its pastry and cakes to all of Caffe Bene’s outlets in South Korea, making another significant inroad beyond the Southeast Asian market.
— Jakarta Globe

Indonesia palm oil exports likely edged down in Sept
Indonesian exports of crude palm oil likely inched down in September from the month before, while output in the world’s top producer of the commodity increased, a Reuters survey showed.
— The Star Online

Indonesia Deradicalizes 999 Terrorists
About 1,000 former terrorists have participated in Indonesia’s deradicalization programs during the past three years, a senior security official said Thursday at a forum this week marking President Joko Widodo’s third year in power.
— Benarnews

Over Three Years Indonesia Built 55,701 BTS for 4G Network
During President Joko “Jokowi” Widodo’s three years in office, the Ministry of Communications and Information Technology managed to build an information highway and the fourth-generation cellular infrastructure, or 4G, a minister said on Wednesday (18/10).
— Jakarta Globe

Succession Poses Major Challenge to Survival of Indonesian Family Businesses: Study
Pressure is mounting on Indonesian family businesses to prepare for the succession of the next generation, business leaders and experts say.
— Jakarta Globe

Minister Jonan Signs Agreements on Masela Block with Inpex
Indonesia Minister of Energy and Mineral Resources Ignatius Jonan has conducted a working visit to Japan on Monday – Wednesday (16-18/10/2017). One of the results Jonan managed to achieve during his working visit is the three agreements about Masela Block, Maluku.
— Netral News

Minister, House discuss use of budget by Defense Ministry
Finance Minister Sri Mulyani was invited by Commission I of the House of Representatives to discuss the use of budget allocated to the Ministry of Defense.
— Antara

Pertamina Lubricants Expands Market to Italy and South Africa
Pertamina Lubricants, subsidiary of energy company Pertamina, is expanding its market to Italy and South Africa by partnering with automotive and industrial lubricant distributors.
— Netral News

Garuda Indonesia Set to Open Silangit-Singapore Route on October 28
State-owned airline company Garuda Indonesia (GIAA.JK) is set to open the Silangit-Singapore flight route on October 28. This inaugural flight service marks the official operation of Silangit Airport as an international airport.
— 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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