Indonesia Morning News For October 25

Indonesia Morning News For October 25

Indonesia morning newsIndonesia passes law to ban organizations deemed against its ideology
Around 1,000 Indonesians, led by hardline Islamist groups, protested outside parliament on Tuesday as lawmakers approved a presidential decree banning any civil organizations deemed to go against the country’s secular state ideology.
— Reuters/Business Insider

Indonesia’s battle against corruption on the big screen
In the reform era, corruption eradication has become one of the nation’s main political preoccupations, and also one of its most vexatious problems.
— The Jakarta Post

Indonesia Could Be the Largest Digital Economy Country in the World Due to Large Population
Indonesia is considered to have the potential to become the country with the largest digital economy in the world. Therefore it takes regulation that the digital economy can be an innovation that benefits all parties.
— Netral News

Indonesian food firm creates first halal accredited mentaiko
The first halal mentaiko — Japanese seasoned pollock roe — is now on sale in Indonesia.
— Food Navigator

Nigeria open for business, Osinbajo tells Indonesia
The Federal Government has called for collaboration between Nigeria and Indonesia in agriculture and agro-allied industries.
— Premium Times

US sets antidumping duties on Argentine, Indonesian biodiesel
The U.S. Commerce Department set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products used as motor fuel were being sold at prices below market value in the United States.
— The Star Online

Bank Mandiri sees 10-13% loan growth as economy improves
The president of Bank Mandiri said on Tuesday that he expected the economy to grow at a faster pace next year after Indonesia’s largest state-owned bank reported a 25% year-on-year growth in net profit for the January-September period.
— Nikkei Asian Review

President Widodo Reminds Regionol Leaders to Ease Investment Permits
President Widodo has reminded the local heads to facilitate investment permit as Joko Widodo – Jusuf Kalla (Jokowi-JK)’s government is boosting investment, evidenced by the current economic policy package released.
— Netral News

Indonesian companies likely to drive boom in sukuk issuance
Although not widely noted, the global Islamic finance market marked a significant shift last year: For the first time, companies and financial institutions issued a greater volume of Islamic debt securities, or sukuk, than governments.
— Nikkei Asian Review

Indonesian police arrest 9 suspected Islamic militants
Indonesian counterterrorism police said they arrested nine suspected Islamic militants today, including an alleged bomb maker who eluded capture for five years.
— Business Standard

Indonesia assures Bali is safe place amid volcanic trembling
The Indonesian government is trying to convince tourists across the globe that the resort island of Bali is a safe destination amid the alert status of Mount Agung, which has been trembling since last month.
— The Jakarta post

INS Sukanya at Indonesia for Coordinated Patrol of IMBL
In pursuance with Indias Act East Policy, Indian Naval Ship Sukanya under the command of Commander SA Deodhar, NM arrived at Belawan Indonesia this morning to participate in the 30th edition of CORPAT (Coordinated Patrol) and 3rd Bilateral exercise between the Indian Navy and the Indonesian Navy.
— Business Standard

Funds could be borrowed from SMI to develop regions: Jokowi
President Joko Widodo (Jokowi) has provided an alternative financing, through PT Sarana Multi Infrastructure (SMI), for regions that wish to build regional infrastructure.
— Antara

Indonesia’s Economy to Grow by More Than Five Percent in Second Half: Central Bank Governor
Bank Indonesia Governor Agus Martowardojo expects the country’s economy to grow around 5.1 percent-5.2 percent in the second half of this year, up from 5.01 percent in the first half thanks to strong consumption, government spending and pro-growth monetary policy.
— Jakarta Globe

Indonesia pushes for revised code of practice on mining safety
Indonesia is pushing for the endorsement of the revised code of practice on safety and health in opencast mines, the Permanent Mission of Indonesia to the United Nations in Geneva said.
— Antara

September 2017, Waskita Beton Reaches 68 Percent of Profit Target
PT Waskita Beton Precast Tbk (WSBP) revised its revenue target to IDR7.9 trillion from IDR7.7 trillion and profit to IDR1.21 trillion from the previous target of IDR1.1 trillion. Jarot Subana, President Director of WSBP, explained that until September 2017, good achievement of income and profit made the company optimistic to achieve higher performance target.
— Netral News

Indonesia ranked as one of the most vegetarian-friendly countries in the world in travel index
Indonesian cuisine has plenty of vegetarian options for those eschewing meat for ethical or health reasons, with tofu and tempe (glorious tempe) being staple proteins of many local diets and superb veggie-centric dishes like peanut sauce smothered gado-gado and meaty gudeg (made from unripe jackfruit and coconut milk) considered amongst the country’s most iconic dishes.
— Coconuts

Study: Indonesia Needs to Put More Investments for Flood Management
Approximately 86 percent of cross-sectional sustainability practitioners in Indonesia believe extreme weather and climate change can have a significant impact on the country’s economy.
— Netral News

IEA Sees Southeast Asia Oil Demand Growing Until at Least 2040
Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency said on Tuesday (24/10).
— Jakarta Globe

Govt seeks close Freeport cooperation on Grasberg
State-Owned Enterprises Minister Rini Soemarno has said the government wants to cooperate closely with gold and copper miner PT Freeport Indonesia to continue exploiting resources from its Grasberg mine in Papua.
— The Jakarta Post

With SE Summit 2017, Increase Collaborative Innovation among Social Entrepreneurs and Corporations
More than 200 social entrepreneurs and initiators of change attend DBS Foundation Social Enterprises (SE) Summit 2017 in Jakarta. DBS Foundation SE Summit is a regional summit for social entrepreneurs with speakers and participants from across Asia.
— Netral News

Palembang LRT to begin commercial service in May 2018
Palembang, the provincial capital of South Sumatra, will see the light rail transit (LRT) starting its commercial service in May 2018, an official has said.
— 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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