Indonesia Morning News For October 31

Indonesia Morning News For October 31

Indonesia morning newsIndonesia pushes electric car development
The Indonesian government is encouraging businesses to develop electric cars to create more environmentally friendly transportation, said the Transportation Ministry’s expert of staff for technology and environment affairs Prasetyo Buditjahjono.
— The Nation

Indonesia’s oil and gas prospects running dry
Nearly half a century after it was founded, state-owned petroleum company Pertamina will soon face its biggest ever challenge when it takes sole operational control of the Mahakham, Indonesia’s biggest producing natural gas block situated off the east coast of Borneo.
— Asia Times

New Indonesian migrant labor law comes under fire
A new law designed to protect Indonesian workers abroad has drawn flack from domestic workers overseas, who say the new legislation ignores them completely.
— UCA News

Government to seek tax ratio increase to meet development needs
The Indonesian government wished to increase its tax collection to meet development expenditures which are projected to rise in the next three to four years.
— Antara

Filipino, Japanese businessmen sign 25 deals worth $6b in investments
The Philippines is getting some $6 billion in new investments after Filipino and Japanese businessmen signed at least 18 agreements during President Duterte’s visit to Japan.
— The Jakarta Post

China’s cross-border e-commerce expected to hit $1.32t in 2018
Chinese cross-border e-commerce transaction reached 6.7 trillion yuan ($1.01 trillion) in 2016, up by 31.6 percent, chinanews.com reported Sunday, citing an index released at a forum held in Shanghai.
— The Jakarta Post

Realization investment in Q3 reaches Rp176.6 trillion
Indonesia has recorded an increase in realization of investment in the third quarter this year.
— Antara

Thomas Lembong: Shifting of Consumer Behavior Affects Retail Industry
The phenomenon of the closing of a number of retail industry outlets have brought up the attention of Thomas Lembong, Head of Indonesia Investment Coordinating Board (BKPM).
— Netral News

Lazada says Depok facility to become delivery hub, not warehouse
E-commerce company Lazada Indonesia said it is constructing a delivery hub in Sawangan, Depok, and has been in the process of obtaining permits from the local authorities since August.
— The Nation

Coordination needed to settle food resilience issue: Finance minister
Finance Minister Sri Mulyani said coordination among ministries and between central and regional administrations was needed to settle the issue of food resilieance in Indonesia with regard to dealing with exploitation of natural resources.
— Antara

Here are the Results from Arcandra Tahar’s Visit to Saudi Arabia, UAE
Arcandra Tahar, Deputy Minister of Energy and Mineral Resources, has visited Saudi Arabia and United Arab Emirates (UAE) on October 24-26, 2017 to attend the 2017 First Forum on Public Investment Fund.
— Netral News

LCCI sector-specific delegation to visit Indonesia
LCCI President Malik Tahir Javaid disclosed this, while talking to Ambassador of Indonesia to Pakistan Iwan Suyudhieamri here at Lahore Chamber on Monday.
— Business Recorder

Indonesia sinks 17 more fishing ships
Maritime Affairs and Fisheries Ministry Susi Pudjiastuti and the Anti-Illegal Fishing Task Force (Task Force 115) symbolically sank 17 foreign ships on Sunday that had been used for illegal fishing operations in Indonesian waters.
— The Jakarta Post

Indonesia may lift curbs on JPMorgan’s government business
Indonesia may soon lift a ban on government entities doing business with JPMorgan Chase & Co, a year after the US investment bank was shunned over negative comments about the stock market.
— Business Times

Mexico and Indonesia Could Be Next Up for Eni’s Asset Sales
Italian oil major Eni could sell stakes in its oil and gas fields in Mexico and Indonesia in the next stage of its asset sale strategy, the company said on Friday (27/10).
— Jakarta Globe

Indonesia kicks off tender for Rp13.7t seaport construction
The Indonesian government has opened the tender process for the construction of the Tatimban Port in Subang, West Java, that is worth Rp 13.7 trillion (US$1 billion), an official said in Jakarta on Sunday.
— The Jakarta Post

Maybank Indonesia earnings rise 12% in M9FY17
PT Bank Maybank Indonesia Tbk has recorded a net profit after tax and minority interest (Patami) of Rp1.4tril (RM436.76mil) for the first nine months of FY2017, a 12% increase from Rp1.3tril from the year-ago period.
— The Star Online

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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