Indonesia Morning News For September 13

Indonesia Morning News For September 13

Indonesia morning news

Indonesia Manufacturing PMI Saw Sharp Rise in August 2017
Indonesia’s manufacturing PMI stood at 50.7 in August 2017 as compared to 48.6 in July. The PMI figure met the market expectation of 50.5.
— Market Realist

USA Plans to Impose 40% Anti-Dumping Duties on Indonesian Biodiesel
USA accuses the world’s largest palm oil producer and exporter of dumping biodiesel products on the American market. As a result US vegetable oils (particularly soybean oil) lack competitiveness.
— Indonesia Investments

Higher Open Called For Indonesia Stock Market
The Indonesia stock market has finished higher in three straight trading days, collecting almost 50 points or 0.9 percent along the way. The Jakarta Composite Index now rests just above the 5,870-point plateau.
— Business Insider

BI Changes Rule on Commercial Paper Issuance
The rule is needed to increase investors’ confidence and accelerate the process of deepening the money market by adding instrument varieties.
— Tempo (EN)

Indonesia sells 7 trillion rupiah of Islamic bonds, above target
Indonesia’s finance ministry sold 7 trillion rupiah ($530.30 million) of Islamic bonds at an auction, above the indicative target of 5 trillion rupiah, its financing and risk management office said on Tuesday.
— Times of India

OJK Pushing Islamic Financial Literacy
The industry’s ever growing role helps boost the national economy, particularly in efforts to improve prosperity.
— Tempo (EN)

China gold firms are said to pursue S$2b Indonesia mine
EMR Capital, a resources-focused private equity firm, is weighing options including a sale of the asset, which could fetch as much as US$1.5 billion (S$2.01 billion), the people said.
— Straits Times

Indonesia Plans a New Economic Center in East Jakarta
Public information shows that the Meikarta Satellite City is located in Bekasi, West Java, Indonesia, where has an advantageous geographical location and convenient transportation infrastructure.
— Business Insider

Indonesia to Become World’s Biggest Geothermal Power Producer in 2021?
In 2018 Indonesia is expected to become the world’s second-biggest geothermal energy producer, surpassing the Philippines that now lies second after the United States.
— Indonesia Investments

Indonesia assures sustainable palm oil industry development
Deputy Minister of Foreign Affairs A.M. Fachir stated that the Indonesian government will always ensure that the domestic palm oil industry applies the principles of environmental sustainability.
— Antara

Under EU attack, top palm oil producers rethink trade strategy
Threatened by crumbling demand in Europe, the industry is waging a public relations battle and pushing producers to enter more price-sensitive markets, where Indonesia should have an advantage over Malaysia due to its lower production costs.
— Reuters

Murdoch press in Australia linked to deforestation in Indonesia
Environmental campaigners have accused The Australian and Courier-Mail newspapers in regional Queensland of being printed on paper linked to illegal deforestation and human rights abuses in Indonesia.
— Asia Pacific Report

Indonesian tycoon sounds alarm on China infrastructure push
China’s ambitious Belt and Road Initiative, which promises over $1 trillion in infrastructure and spans more than 60 counties, has been met with growing ambivalence among those who stand to benefit from the massive program.
— Nikkei Asian Review

Citrus exports to Singapore and Indonesia rebound
Indonesia ranks as the 8th most valuable market at $7.6 million a year.
— The Weekly Times

Smartphones Move Upmarket in Indonesia
The evolution of the smartphone market in Indonesia appears to be following a path in which manufacturers initially gain market share by offering very low-cost devices to appeal to low-income, first-time smartphone buyers.
— eMarketer

Fashion marketplace Zilingo raises US$17M Series to scale in Indonesia
Singapore-based fashion marketplace Zilingo has raised US$17 million in a Series B round led by Burda Principal Investments and Sequoia Capital India.
— e27

Indonesia’s Go-Jek gets a lift from Tencent, JD.com funding
Motorcycle taxi service may expand overseas within 3 years, exec says
— Nikkei Asian Review

Angkasa Pura II Spends Rp100bn on Control Center
State airport operator Angkasa Pura II (AP2) is spending up to Rp100 billion for the construction of an Airport Operation Control Center (AOCC).
— Tempo (EN)

Drought Affects 3.9 Million People in Indonesia
More than 3.9 million people living in 2,726 villages in 715 subdistricts and 105 districts/cities in Java and Nusa Tenggara are experiencing drought.
— Netral News

Indonesia targets China for promotion of halal tourism
INDONESIA is on a drive to lure Chinese-Muslim tourists from three major cities – Xi’an, Yinchuan and Beijing – to promote the country as a halal destination in the region.
— Asian Correspondent

How Indonesia Introduces its Culture and Products to China
Through the annual China-ASEAN Expo (CAExpo) on September 12-15, 2017, in Nanning, the Ministry of Trade will represent Indonesia to continue to penetrate the market in China.
— Netral News

Why are more Indonesians favoring Shariah?
A large number of Indonesians want Shariah to be implemented in their country and support women donning the hijab, says a new survey. It comes amid fears that Islamist groups are gaining more traction and visibility.
— Deutsche Welle

Commentary: Singapore-Indonesia relations at 50, delicate yet interdependent
Indonesia today is one of Singapore’s main trade partners and Singapore consistently tops the list as the biggest source of foreign direct investment in Indonesia.
— Channel NewsAsia

 

Feature photo ILO in Asia and the Pacific
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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Rama Ariadi

Rama Ariadi

Editor at AEC News Today
Rama finished his Master of International Relations at the University of Melbourne in 2014, before relocating to Southeast Asia to work as a researcher for Channel NewsAsia. Throughout his career, he has written for The Jakarta Post, Tempo English, and reported as a Correspondent for CNN Indonesia.
Rama Ariadi

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