Indonesia Morning News For October 24

Indonesia Morning News For October 24

Indonesia morning newsIndonesia seeks answer to why U.S. blocked military chief’s travel
Indonesia on Monday said it was still awaiting a detailed explanation why the United States barred its military chief from traveling to the U.S., despite having a visa and an official invitation, although it had accepted an official apology.
— Reuters/Business Insider

Improving Economy of China Positive for Indonesian Exports
The economy of China grew 6.8 percent year-on-year (y/y) in the third quarter of 2017. An improving Chinese economy is important for the Indonesian economy as China is the biggest trading partner of Indonesia. Slightly over 10 percent of total Indonesian exports are shipped to China, the world’s second-largest economy.
— Indonesia Investment

Bank Indonesia Likely To Cut Rates Early Next Year: Capital Economics
Bank Indonesia is likely to consider interest rate cuts most probably early next year, as inflationary pressures are under control but the economy continues to struggle, Gareth Leather, an economist at Capital Economics, said.
— Markets Insider

2017 Salary Guidelines In Indonesia
Last year, our “What Kind Of Salary Can A Foreigner Expect In Indonesia?” article became one of our most popular pieces.
— Indonesia Expat

Private Sector Left in Dust in Indonesia’s Infrastructure Push
Soon after President Joko “Jokowi” 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.
— Jakarta Globe

‘Don’t Take Asean for Granted:’ Foreign Policy Conference Highlights Achievements, Upcoming Challenges in Region
Opening speakers at the Conference on Indonesian Foreign Policy in Jakarta on Saturday (21/10) emphasized that the success story of the Association of Southeast Asian Nations, or Asean, must not be taken for granted amid regional and global challenges, while highlighting the need for Asean to increase efforts in realizing its promises.
— Jakarta Globe

PATKOR op ensures security at borders
THE joint coordinated patrol operation between the Malaysian Armed Forces (ATM) and its Indonesian counterpart along the West Kalimantan-Sarawak border has helped to safeguard the sovereignty and security of both nations.
— New Straits Times

Indonesian Bitcoin Payment Processors Shut Down, Exchanges Unaffected
Reports indicate that Indonesian bitcoin payment platforms Toko Bitcoin and Bitbayer have ceased operations in response to recent announcements that the Bank of Indonesia will not recognize bitcoin as a means of payment.
— Bitcoin

Ayala’s wind farm in Indonesia ready to operate in early 2018
The Ayala group’s power unit AC Energy expects its 75-megawatt wind project in Indonesia to go online in the first quarter of 2018 as construction makes headway in South Sulawesi.
— Inquirer.net

Retail government bond losing its appeal
Vanesha Manuturi, a 25-yearold employee based in Bali, might have become one of the newest investors in the latest series of retail government bonds (ORI) had she found its yield more attractive compared to other types of investment.
— The Jakarta Post

House set to approve 2018 state budget on Wednesday
The House of Representatives plans to sign the 2018 state budget bill into law on Wednesday to end the lengthy deliberation involving lawmakers and government representatives.
— The Jakarta Post

Sale Proceeds of ORI014 Set at IDR8.94 Tln through 18 Banks Nationwide
The proceeds from the sale and allotment of Retail State Bonds of ORI014 series by the Directorate General of Risk and Financing Management of the Ministry of Finance amounted to IDR8.94 trillion with total incoming bids reaching IDR8.97 trillion.
— Netral News

Three Years of Jokowi-JK, Energy and Mining Sector Policies on Right Track
During the three years of Joko “Jokowi” Widodo-Jusuf “JK” Kalla government, the performance of the energy and mining sector is considered to be on the right track.
— Netral News

1,500 businesspeople from 25 countries to attend palm oil conference
About 1,500 businesspeople from 25 countries are expected to attend the 13th Indonesian Palm Oil Conference (IPOC) and 2018 Price Outlook in Nusa Dua, Bali, from Nov. 1 to 3.
— The Jakarta Post

Indonesia to buy LNG from Qatar
Maritime Affairs Coordinating Minister Luhut Binsar Pandjaitan has said Indonesia will buy liquefied natural gas (LNG) from Qatar at a price of US$7.16 per million British thermal units (MMBTU).
— The Jakarta Post

Indonesia looks to build on recent tourism growth
A more diverse product offering and a broadening of the destination base are at the centre of a new campaign to attract investment to Indonesia’s rapidly growing tourism sector.
— Oxford Business Group

10 financial institutions to have access to e-ID data
The government is cooperating with 10 financial institutions in the use of data included in the e-ID cards, which are being developed by the Home Ministry’s civil registration directorate general.
— The Jakarta Post

RAPP Demands Legal Certainty for Indonesian Investment
Riau Andalan Pulp and Paper, or RAPP, the operations unit of global pulp and paper industry leader Asia Pacific Resources International, better known as April, is demanding more legal certainty for its investment in Indonesia, after the government invalidated its 10-year business plan and forced the company to cease downstream activities.
— Jakarta Globe

Indonesia, Chile to conclude trade talks next month
The delegates of the Trade in Goods Indonesia-Chile Comprehensive Economic Partnership Agreement (TIGs IC-CEPA) have agreed to conclude their negotiations in November during their latest talks in Santiago, Chile from Oct. 18 to 20.
— The Jakarta Post

Angkasa Pura II enhances business with digital strategy
State-owned airport operator Angkasa Pura II (AP II) is shifting its digital strategy from focusing on improving customer service and work efficiency to business enhancement.
— The Jakarta Post

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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