Indonesia Morning News For September 14

Indonesia Morning News For September 14

Indonesia morning news

Indonesia stocks lower at close of trade; IDX Composite Index down 0.45%
Indonesia stocks were lower after the close on Wednesday, as losses in the Mining, Property and Infrastructure sectors led shares lower.
— Investing.com

Redenomination bill not to be deliberated this year
The government has to comprehensively disseminate information about the bill to avoid public misunderstanding that could lead to social unrest.
— The Jakarta Post

Indonesian, US Navy Complete Joint Exercise in Java, Bali
The Indonesian Navy and its United States counterpart completed a joint exercise and skills exchange with Indonesia on Wednesday (13/09) as part of a bilateral effort to deepen maritime security cooperation between the two countries.
— Jakarta Globe

Indonesia sending humanitarian aid to Rohingya refugees
The aircraft will arrive in Chittagong, Bangladesh and travel about 170 kilometers (105 miles) to take the aid to Cox’s Bazar, a Rohingya refugee camp at the border of Bangladesh and Myanmar.
— Anadolu Agency

Indonesia offers to be Muslim world’s mediator in Rohingya crisis
Organization of Islamic Cooperation lends support for Jakarta to take active role in trying to end Rakhine violence.
— UCA News

Freeport`s divestment process to be wrapped up in 2019: Luhu
Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said the process of divesting 51 percent stake of PT Freeport Indonesia (PTFI) for Indonesia will be wrapped up in 2019.
— Antara

Indonesia trade seen swinging back to a surplus in August
The median forecast of 13 analysts in poll was for an increase of 8.30 percent in exports in August from a year earlier. The poll also forecast an 8.30 percent rise for imports.
— Nasdaq

Indonesian central bank unveils policy to prevent financing for terrorism
The policy is aimed at supporting the government’s efforts to stop the flow of funds for financing terrorist activities, which have appeared amid progress in development of information technology.
— Xinhua

Indonesian coal miner shares tumble on possible new pricing rules
Domestic media reported that Energy and Mineral Resources Minister Ignasius Jonan was considering drafting new rules on marketing coal for domestic supply, as part of government efforts to reduce electricity prices.
— Reuters

Win Streak May Continue For Indonesia Stocks
The global forecast for the Asian markets suggests mild upside, with support expected from the oil and technology sectors. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion.
— Nasdaq

This stock is well-placed to benefit from Indonesia’s gas-to-power initiative
OCBC Investment Research is maintaining its “buy” call on Keppel Corporation at a fair value estimate of S$7.36, on the notion that it is well positioned to benefit from opportunities in Indonesia’s small-scale liquefied natural gas (LNG) market.
— The Edge Markets

Jasa Marga Eyeing Waskita Karya Subsidiary`s Divestment
State contractor Jasa Marga is interested in the divestment of Waskita Toll Road, a subsidiary of Waskita Karya. Jasa Marga plans to acquire Waskita shares through Mandiri Sekuritas.
— Tempo (EN)

Rajawali Group sells stake in Nusantara Infrastructure
PT Rajawali Corpora through PT Hijau Makmur Sejahtera has sold its 21 percent stake in PT Nusantara Infrastructure (META), equivalent to 3.2 billion shares, to PT Matahari Kapital Indonesia (MKI).
— The Jakarta Post

Chandra Asri concludes Rp 5t rights issue
PT Chandra Asri Petrochemical (CAP), the country’s largest integrated petrochemical manufacturer, has concluded its Rp 5.03 trillion (US$378 million) rights issue, bringing its free float in compliance with an Indonesia Stock Market (IDX) regulation.
— The Jakarta Post

Indonesia Stops Gas Exports to South Korea, Taiwan in 2018
The reduced volume will open up the chance to improve the absorption of domestic gas.
— Tempo (EN)

Indonesia eyes integrated economy zone in cross-border areas
Indonesia is pushing forward the plan to make three cross-border areas in Riau province – Batam, Bintan and Karimun – as an integrated economy zone to accommodate investors from neighboring Singapore.
— Xinhua

Ministry of Agriculture Optimistic in Indonesia Becoming World Food Center by 2045
The collaboration between the Ministry of Agriculture and the Indonesian Military (TNI) to actualize food security begins to show good results.
— Netral News

Most consumers satisfied with Indonesian property market in 2017
Property Affordability Sentiment Index for the second half of 2017 survey showed that 63 percent of respondents were satisfied with the Indonesian property market in the first half of 2017, a sound result although lower than in the second half of 2016
 The Jakarta Post

Journalist Faces Defamation Probe for Comparing Indonesia’s Treatment of West Papua with Myanmar’s Rohingya
Indonesian police in East Java are investigating a veteran journalist for comparing former President Megawati Sukarnoputri to Myanmar’s Aung San Suu Kyi in a Facebook post.
— Global Voices

Police arrest lawmaker over school arson attacks
A lawmaker in Indonesia’s Central Kalimantan province has been arrested for allegedly orchestrating a string of arson attacks on elementary schools.
— UCA News

Conservative Aceh Shows Limits of Saudi Investment in Indonesia
The province seems to have drawn a line in the sand to protect its own traditionalist — and quite conservative — Islamic culture against a puritanical Gulf ideology that seeks to return to the traditions of Koranic times.
— Voice of America

 

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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