Indonesia Morning News For October 23

Indonesia Morning News For October 23

Indonesia morning newsIndonesian military chief denied US entry
Indonesia intends to send a diplomatic note to the US secretary of state and summon Washington’s deputy ambassador in Jakarta to explain why the head of its military was denied entry to the United States.
— The Australian

Indonesia’s Skystar Capital to raise third fund in 2018, to target late-stage funding
Indonesian early-stage venture capital firm Skystar Capital is expected to hit the fundraising course for its third fund by the second half of next year, a top executive told DEALSTREETASIA.
— DealStreetAsia

In Indonesia, a new party seeks political change amid religious tension
Amid fears of creeping Islamisation in Indonesia, a relatively new political party in Indonesia is positioning itself as a voice for diversity and ‘clean’ politics as it aims for a successful debut in the 2019 general elections.
— Today Online

Indonesia to participate in ITB Asia 2017 in Singapore
Indonesia is once again taking part in the upcoming ITB Asia 2017 Singapore travel event that will be held on October 25 – 27.
— The Jakarta Post

In September, Bank Mandiri Acquires 29 Percent Market Share for Forex Transactions
Bank Mandiri (BMRI) is committed to continuously encourage innovation of foreign exchange (forex) products and services to enhance customer transactions.
— Netral News

Adaro Sees Stable Coal Prices in 2018
The head of Adaro Energy, Indonesia’s second-biggest coal miner by production, said he expects coal prices to be relatively stable in 2018.
— Jakarta Globe

India, Indonesia should tighten laws on shark fishing: US wildlife advocate
Highly endangered chimpanzees, whale sharks, steppe eagles and vultures need the highest level of protection globally.
— Business Standard

Lampung Provincial Govt Ready to Become National Horticultural Cluster
In Indonesia there is no province set to be a horticultural cluster. Lampung has land and area that are very possible for the program which is currently being investigated by the central government.
— Netral News

HOW INDONESIAN UNICORN GO-JEK WENT FROM 20 BIKES TO US$2.5 BILLION AND AN E-MONEY REVOLUTION
Ten years ago, few could have predicted the mobile payment revolution in Indonesia would be driven not by the banking industry, but by a firm that started out as a motorcycle-taxi booking operation with just 20 riders.
— South China Morning Post

5 Foods Unbelievably Trendy Among Indonesian Millennials
Fast-changing trend is not unique to the fashion sector, it also affects the food and beverage industry. While many consumers would love to eat out in their favorite restaurants, food trend is not shaped by consumers’ demand for food. Instead it is associated with the changing lifestyle of the people.
— Global Indonesian Voices

Indonesia Solar Energy Market Outlook to 2023 – Research and Markets
The “Indonesia Solar Energy Market Outlook to 2023” report has been added to Research and Markets’ offering.
— Global Indonesian Voices

Wuling is Optimistic to Seize Indonesia Market Confidence in 2-3 Upcoming Years
PT SGMW Motor Indonesia (Wuling Motors) has expected to seize the confidence of the Indonesian automotive market in the next 2-3 years.
— Netral News

Private sector left in dust in Indonesia’s infrastructure push
Soon after Indonesian President Joko Widodo took office in 2014, he ordered his ministers to give private companies first pick of profitable infrastructure projects, until then usually grabbed by state-owned enterprises (SOEs).
— Reuters

SME Ministry: Indonesia Entrepreneurship Ratio Reaches 3.01 Percent
The ratio of entrepreneurs in Indonesia has reached 3.01 percent currently, Minister of Cooperatives and SMEs Anak Agung Gede Ngurah Puspayoga said.
— Netral News

Indonesia’s secret nudist community defying the law
What is it like to be a nudist in a country that prizes modesty and where public nudity is strictly forbidden? Clara Rondonuwu of the BBC’s Indonesian service went to meet some members of the country’s nudist community to find out.
— BBC

Chinese Enterprise Considers Electricity Investment with Kaltara
Gezhoiba Group, a business group from China, is interested in investing in North Kalimantan province of Kaltara in the electricity sector and the construction of international industrial and port area (KIPI) at Mangkupadi Bulungan District.
— Netral News

TrueMoney partners Alfamart; now has 13,500 customer service points in Indonesia
PT WITAMI Tunai Mandiri, the Indonesian operations of Southeast Asian fintech firm TrueMoney, has reached 13,500 Indonesia customer service points.
— Digital News Asia

Indonesia’s Sequis Life joins microinsurance game
Indonesian insurer Asuransi Jiwa Sequis Life will debut microinsurance plans targeting low-income customers, hoping to cultivate a new avenue for growth amid weak demand for more expensive policies.
— Nikkei Asian Review

Cirro Capital expands CPO investments into Indonesia
On 15th October 2017, Cirro Capital Limited, a Malaysian-based investment and financial services company has sealed yet another plantation acquisition, this time in the Riau Islands of Indonesia.
— newKerala

Osinbajo heads for Jakarta, Indonesia
The Vice President Yemi Osinbajo, SAN, is embarking on a two-day working visit to the Republic of Indonesia, during which he will address the opening plenary of the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Conference taking place in Jakarta, Indonesia, from Monday 23rd October to Tuesday 24th October, 2017.
— Vanguard

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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